2 Bed Terraced House, Single Let, Scunthorpe, DN15 7LP, £70,000

Dale Street, Scunthorpe, Lincolnshire, DN15 7LP - 1 views - 7 months ago

Sold STC

BTL

ROI: 8%

~83 m²

+3 photos

ValuationUndervalued

Sold Prices	£44K - £127.5K
Sold Prices/m²	£601/m² - £2.4K/m²

Square Metres	~82.58 m²
Price/m²	£848/m²
Value Estimate	£85,400£85,400
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£17,500£17,500
Stamp Duty & Legal Fees	£4,700£4,700
Total Cash In	£22,200£22,200

Cash Out
Rent Range	£467 - £900£467 - £900
Rent Estimate	£478
Running Costs/mo	£334£334
Cashflow/mo	£144£144
Cashflow/yr	£1,724£1,724
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

28 sold prices from £44K to £127.5K, average is £74.5K. £601/m² to £2.4K/m², average is £1.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£56K	11/20	0.02 mi	61, Dale Street, Scunthorpe, North Lincolnshire DN15 7LP	£675	83	2	Terraced House
£70.3K	06/21	0.09 mi	30, Dale Street, Scunthorpe, North Lincolnshire DN15 7LW	-	-	2	Terraced House
£59K	03/23	0.12 mi	62, Berkeley Street, Scunthorpe, North Lincolnshire DN15 7LN	-	-	2	Terraced House
£50.5K	12/20	0.13 mi	55, Sheffield Street, Scunthorpe, North Lincolnshire DN15 6DN	£601	84	2	Terraced House
£68.5K	04/21	0.16 mi	1, Digby Street, Scunthorpe, North Lincolnshire DN15 6DD	£951	72	2	Terraced House
£64K	11/21	0.23 mi	46, Teale Street, Scunthorpe, North Lincolnshire DN15 6JB	£821	78	2	Terraced House
£65K	11/21	0.23 mi	50, Teale Street, Scunthorpe, North Lincolnshire DN15 6JB	£867	75	2	Terraced House
£75K	03/23	0.23 mi	31, Teale Street, Scunthorpe, North Lincolnshire DN15 6JB	£1,108	68	2	Terraced House
£74K	06/21	0.25 mi	2, George Street, Scunthorpe, North Lincolnshire DN15 6BG	£779	95	2	Semi-Detached House
£87.5K	03/23	0.25 mi	13, George Street, Scunthorpe, North Lincolnshire DN15 6BG	-	-	2	Terraced House
£70K	01/23	0.27 mi	17, Teale Street, Scunthorpe, North Lincolnshire DN15 6HY	-	-	2	Terraced House
£108K	12/20	0.36 mi	99, Bedford Way, Scunthorpe, North Lincolnshire DN15 8GF	£2,298	47	2	Semi-Detached House
£112.5K	01/21	0.36 mi	80, Bedford Way, Scunthorpe, North Lincolnshire DN15 8GF	£1,974	57	2	Semi-Detached House
£109.5K	06/21	0.37 mi	11, Regents Close, Scunthorpe, North Lincolnshire DN15 8GY	-	-	2	Semi-Detached House
£95K	07/21	0.76 mi	1, Tulip Road, Scunthorpe, North Lincolnshire DN15 6BW	-	-	2	Terraced House
£85K	10/21	0.76 mi	15, Lavender Way, Scunthorpe, North Lincolnshire DN15 6BT	£1,667	51	2	Terraced House
£127.5K	01/23	0.76 mi	14, Lavender Way, Scunthorpe, North Lincolnshire DN15 6BT	£2,361	54	2	Terraced House
£96K	03/23	0.76 mi	13, The Chequers, Scunthorpe, North Lincolnshire DN15 8YG	£1,339	72	2	Semi-Detached House
£88.5K	10/20	0.8 mi	36, Rose Walk, Scunthorpe, North Lincolnshire DN15 6BU	£1,500	59	2	Semi-Detached House
£88K	01/21	0.8 mi	27, Rose Walk, Scunthorpe, North Lincolnshire DN15 6BU	£1,443	61	2	Terraced House
£115K	01/23	0.82 mi	26, Bluebell Close, Scunthorpe, North Lincolnshire DN15 6BS	£1,930	60	2	Semi-Detached House
£126K	11/20	0.89 mi	7, Lynton Close, Scunthorpe, North Lincolnshire DN15 8DJ	£1,853	68	2	Semi-Detached House
£44K	10/20	0.89 mi	4, Redbourne Street, Scunthorpe, North Lincolnshire DN16 1TF	£721	61	2	Terraced House
£65K	11/20	0.89 mi	17, Redbourne Street, Scunthorpe, North Lincolnshire DN16 1TF	£1,161	56	2	Terraced House
£72K	05/23	0.89 mi	16, Redbourne Street, Scunthorpe, North Lincolnshire DN16 1TF	£852	85	2	Terraced House
£73K	11/20	0.92 mi	93, Cottage Beck Road, Scunthorpe, North Lincolnshire DN16 1UE	£913	80	2	Semi-Detached House
£66K	03/21	0.92 mi	5, Cemetery Road, Scunthorpe, North Lincolnshire DN16 1DY	£1,500	44	2	Terraced House
£81K	01/21	0.94 mi	10, Pinchbeck Avenue, Scunthorpe, North Lincolnshire DN16 1TH	£1,259	64	2	Semi-Detached House

Local Rents

32 rents from £467/mo to £900/mo, average is £625/mo.

Rent	Date	Distance	Address	Beds	Type
£550	04/24	0.1 mi	Frodingham Road, Scunthorpe, DN15	2	Flat
£550	04/24	0.1 mi	Frodingham Road, Scunthorpe, DN15	2	Flat
£550	04/24	0.1 mi	Frodingham Road, Scunthorpe, DN15	2	Flat
£550	05/24	0.1 mi	Frodingham Road, Scunthorpe, DN15	2	Flat
£550	05/24	0.1 mi	-	2	Flat
£550	12/24	0.1 mi	-	2	Flat
£624	05/24	0.13 mi	Frodingham Road, Scunthorpe, DN15	2	Flat
£624	05/24	0.13 mi	Frodingham Road, Scunthorpe, DN15	2	Flat
£628	05/24	0.13 mi	-	2	Flat
£628	01/25	0.13 mi	-	2	Flat
£628	01/25	0.13 mi	-	2	Flat
£650	05/24	0.23 mi	Teale Street, Scunthorpe	2	Terraced House
£530	12/24	0.25 mi	-	2	Terraced House
£600	03/24	0.27 mi	West Street, Scunthorpe	2	Flat
£500	03/24	0.27 mi	Henderson Avenue, SCUNTHORPE	2	Flat
£625	10/23	0.36 mi	CONNAUGHT ROAD, Scunthorpe	2	Semi-Detached House
£495	02/24	0.4 mi	-	2	Flat
£600	03/24	0.41 mi	High Street, Scunthorpe	2	Flat
£467	05/24	0.42 mi	Crosby House Flats, Scunthorpe	2	Flat
£725	01/25	0.42 mi	-	2	Semi-Detached House
£650	01/25	0.43 mi	-	2	Flat
£650	04/24	0.47 mi	Apartment , Linea, Dunstall Street, Scunthorpe	2	Flat
£900	03/25	0.48 mi	-	2	Flat
£900	03/25	0.48 mi	-	2	Flat
£575	03/24	0.48 mi	Connaught Road, Scunthorpe, Lincolnshire, DN15	2	Flat
£625	04/24	0.48 mi	Connaught Road, Scunthorpe, Lincolnshire, DN15	2	House
£850	05/24	0.5 mi	-	2	Flat
£625	03/25	0.5 mi	-	2	Flat
£700	11/24	0.5 mi	-	2	Flat
£850	05/24	0.5 mi	Old Charter Hall, Scunthorpe, DN15	2	Flat
£750	11/23	0.57 mi	-	2	Flat
£575	03/24	0.61 mi	The Old Drill Hall, Cole Street, Scunthorpe, North Lincolnshire, DN15	2	Flat

Local Area Statistics

Population in DN15	36,57636,576
Population in Scunthorpe	105,498105,498
Town centre distance	0.90 miles away0.90 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.69 miles away0.69 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+14%+14%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+29%+29%

Property History

Price changed to £70,000

November 8, 2024

Listed for £79,950

August 24, 2024

Floor Plans

Description

NO CHAIN +
IDEAL INVESMENT OPPORTUNITY +
CENTRAL TOWN LOCATION +
SPACIOUS LOUNGE & DINING ROOM +
ATTRACTIVE KITCHEN +
GROUND FLOOR W.C. +
TWO DOUBLE BEDROOMS & FAMILY BATHROOM +
LOW MAINTENANCE REAR GARDEN +

*NO CHAIN
*IDEAL INVESTMENT OPPORTUNITY
*MODERN THROUGHOUT

This ideal investment opportunity has been beautifully maintained by the current tenants. The home briefly comprises a lounge, dining room, kitchen and ground floor W.C. The first floor offers two double bedrooms serviced by a family bathroom suite. Externally the home has a fully enclosed low maintenance rear garden. Viewings are through Paul Fox Estate Agents.

Agent Details

Paul Fox, Scunthorpe

01724 514340

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Sold STC

3 Bed House, Single Let, Scunthorpe, DN15 7LY

£85,000

3 views • 10 months ago • 84 m²

Sold STC

2 Bed House, Single Let, Scunthorpe, DN15 7LU

£90,000

6 views • 8 months ago • 68 m²

Sold STC

3 Bed House, Single Let, Scunthorpe, DN15 7JF

£115,000

7 months ago • 48 m²

3 Bed House, Single Let, Scunthorpe, DN15 7LR

£99,950

1 views • 5 months ago • 93 m²

2 Bed Terraced House, Single Let, Scunthorpe, DN15 7LP, £70,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

Similar Properties

3 Bed House, Single Let, Scunthorpe, DN15 7LY

2 Bed House, Single Let, Scunthorpe, DN15 7LU

3 Bed House, Single Let, Scunthorpe, DN15 7JF

3 Bed House, Single Let, Scunthorpe, DN15 7LR

Cashflows

Local Sold Prices

Local Rents