3 Bed Semi-Detached House, Single Let, Scunthorpe, DN17 2LL, £130,000

Messingham Road, Scunthorpe, Lincolnshire, DN17 2LL - 7 months ago

Auction
BTL
ROI: 3%
~93 m²
+11 photos

ValuationUndervalued

Sold Prices£67.5K - £315K
Sold Prices/m²£943/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£137,745
BMV6%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,700

Total Cash In

£40,200

 

 

Cash Out

 

Rent Range

£495 - £990

Rent Estimate

£650

Running Costs/mo

£556

Cashflow/mo

£94

Cashflow/yr

£1,125

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £67.5K to £315K, average is £135K. £943/m² to £2.7K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£119K02/210 mi67, Messingham Road, Scunthorpe, North Lincolnshire DN17 2LL3
£110.5K03/230 mi31, Messingham Road, Scunthorpe, North Lincolnshire DN17 2LL3
£205K02/210 mi11a, Messingham Road, Scunthorpe, North Lincolnshire DN17 2LL3
£145K03/210 mi75, Messingham Road, Scunthorpe, North Lincolnshire DN17 2LL3
£203K11/220.04 mi54, Messingham Road, Scunthorpe, North Lincolnshire DN17 2DA3
£110K04/230.11 mi18, Angerstein Road, Scunthorpe, North Lincolnshire DN17 2LZ3
£250K08/230.13 mi18, Burringham Road, Scunthorpe, North Lincolnshire DN17 2BB3
£145K12/200.13 mi65, Rochdale Road, Scunthorpe, Humberside DN16 3JQ3
£180K08/230.13 mi59, Rochdale Road, Scunthorpe, North Lincolnshire DN16 3JQ3
£160K12/220.13 mi57, Rochdale Road, Scunthorpe, North Lincolnshire DN16 3JQ3
£115K05/230.14 mi2, Claxby Road, Scunthorpe, North Lincolnshire DN17 2DT3
£132.5K11/210.17 mi51, Burringham Road, Scunthorpe, North Lincolnshire DN17 2BD3
£135K11/200.18 mi81, Lancaster Road, Scunthorpe, North Lincolnshire DN16 3JH3
£110K07/230.18 mi59, Ancaster Court, Scunthorpe, North Lincolnshire DN17 2DD3
£145K09/230.2 mi8, Abbots Road, Scunthorpe, North Lincolnshire DN17 1JF3
£96K02/210.21 mi5, Monks Road, Scunthorpe, North Lincolnshire DN17 1JQ3
£120K12/220.21 mi3, Monks Road, Scunthorpe, North Lincolnshire DN17 1JQ3
£99.5K06/210.21 mi22, Ancaster Court, Scunthorpe, North Lincolnshire DN17 2UF3
£115K05/210.21 mi32, Asterby Road, Scunthorpe, North Lincolnshire DN17 2DN3
£116K11/210.21 mi24, Angerstein Road, Scunthorpe, North Lincolnshire DN17 2NA3
£145K03/210.22 mi2, Brocklesby Road, Scunthorpe, North Lincolnshire DN17 2LT3
£157K08/230.22 mi4, Brocklesby Road, Scunthorpe, North Lincolnshire DN17 2LT3
£95K04/210.22 mi11, Woollin Avenue, Scunthorpe, North Lincolnshire DN16 2RU3
£180K11/220.22 mi89, Burringham Road, Scunthorpe, North Lincolnshire DN17 2DF3
£145K06/230.23 mi1, Nuns Road, Scunthorpe, North Lincolnshire DN17 1JE3
£175K07/230.23 mi69, Victoria Road, Scunthorpe, North Lincolnshire DN16 2RZ3
£168K07/230.23 mi109, Messingham Road, Scunthorpe, North Lincolnshire DN17 2LN3
£215K01/230.24 mi55, Lancaster Road, Scunthorpe, North Lincolnshire DN16 3JJ3
£110K09/210.24 mi2, Bonby Grove, Scunthorpe, North Lincolnshire DN17 2LU3
£91.2K12/200.25 mi16, Aylesby Road, Scunthorpe, North Lincolnshire DN17 2DR3
£115K04/210.26 mi34, Asterby Road, Scunthorpe, North Lincolnshire DN17 2DN3
£135K10/210.26 mi57, Asterby Road, Scunthorpe, North Lincolnshire DN17 2DL3
£67.5K11/220.26 mi305, Ashby High Street, Scunthorpe, North Lincolnshire DN16 2RY3
£67.5K11/220.26 mi307, Ashby High Street, Scunthorpe, North Lincolnshire DN16 2RY3
£165K01/230.26 mi301, Ashby High Street, Scunthorpe, North Lincolnshire DN16 2RY3
£147.5K10/210.26 mi110, Messingham Road, Scunthorpe, North Lincolnshire DN17 2DB3
£120K04/210.26 mi170, Messingham Road, Scunthorpe, North Lincolnshire DN17 2DB3
£155K06/230.27 mi25, Monks Road, Scunthorpe, North Lincolnshire DN17 1JJ3
£315K10/230.27 mi46, Burringham Road, Scunthorpe, North Lincolnshire DN17 2DE3
£147K03/210.27 mi98, Burringham Road, Scunthorpe, North Lincolnshire DN17 2DE3
£122K07/210.28 mi72, Abbots Road, Scunthorpe, North Lincolnshire DN17 1JG3
£87K01/210.29 mi22, Bigby Grove, Scunthorpe, North Lincolnshire DN17 2LR3
£83K02/210.29 mi45, Morley Road, Scunthorpe, North Lincolnshire DN17 2DW3
£125K11/220.29 mi32, Alexandra Road, Scunthorpe, North Lincolnshire DN16 2SF3
£165K01/210.29 mi29, Morecambe Avenue, Scunthorpe, Humberside DN16 3JF3
£240K03/230.3 mi37, Hornbeam Avenue, Scunthorpe, North Lincolnshire DN16 3HT3
£140K01/230.3 mi56, Priory Lane, Scunthorpe, North Lincolnshire DN17 1HU3
£145K12/220.31 mi143, Burringham Road, Scunthorpe, North Lincolnshire DN17 2DF3
£93K02/210.31 mi24, Belmont Street, Scunthorpe, North Lincolnshire DN16 2SB3
£107K08/230.31 mi16, Belmont Street, Scunthorpe, North Lincolnshire DN16 2SB3

Local Rents

17 rents from £495/mo to £990/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£90008/240.09 mi-3
£95003/250.23 mi-3
£99003/250.26 mi-3
£69512/230.26 mi-3
£65004/240.27 miVictoria Road, Scunthorpe3
£49511/230.32 mi-3
£57503/240.35 miLindley Street, Scunthorpe3
£85001/250.38 mi-3
£90002/250.44 mi-3
£82501/250.45 mi-3
£75012/240.45 miDean Road, SCUNTHORPE3
£85009/230.45 mi-3
£75003/250.45 mi-3
£75012/240.5 miFotherby Road, Scunthorpe3
£97512/240.55 mi-3
£90012/240.55 miWest Common Gardens, Scunthorpe3
£67503/240.61 miPowells Crescent, Scunthorpe3

Local Area Statistics

Population in DN17

37,168

Population in Scunthorpe

105,498

Town centre distance

1.27 miles away

Nearest school

0.20 miles away

Nearest train station

1.50 miles away

 

 

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Price changed to £130,000

January 23, 2025

Price changed to £160,000

January 15, 2025

Listed for £165,000

August 21, 2024

Floor Plans

Description

  • LOUNGE & DINING ROOM +
  • MODERN FITTED KITCHEN +
  • NO CHAIN +
  • OFF ROAD PARKING & DETACHED BRICK BUILT GARAGE +
  • POPULAR LOCATION +
  • PRIVATE REAR GARDEN +
  • SPACIOUS BEDROOMS +
  • WELL PRESENTED TRADITIONAL SEMI-DETACHED HOME +

**FOR SALE BY MODERN METHOD OF AUCTION
**NO CHAIN
**TRADITIONAL SEMI-DETACHED FAMILY HOME
**3 BEDROOMS, 2 RECEPTION ROOMS

This well presented home is being sold with no forwarding chain and would be ready for someone to move straight into. The home briefly comprises an entrance hall, lounge, dining room and modern fitted breakfasting kitchen to the ground floor. The first floor offers three spacious bedrooms serviced by a family bathroom suite. Externally the home has plenty of off road parking to the front with the drive wrapping around the home leading to the detached brick built garage. The rear garden is fully enclosed and private being mainly laid to lawn with a paved patio entertaining area. Viewings are highly recommended!

This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, however from the date the Draft Contract is received by the buyers solicitor, the buyer is given 56 days in which to complete the transaction, with the aim being to exchange contracts within the first 28 days. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Reservation Fee of 4.5% to a minimum of £6,600.00 including VAT 4.5% of the final agreed sale price including VAT. This is subject to a minimum payment of £6,600.00 including VAT. which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Northern Lincolnshire Property Auction powered by IAM Sold. Reservation Fee is in addition to the final negotiated selling price.**

Agent Details

Paul Fox, Scunthorpe

01724 514340

Next Steps?

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