3 Bed Terraced House, Refurb/BRRR, Scunthorpe, DN17 3TS, £127,000

7 Orchard Close, Scunthorpe, DN17 3TS - 6 months ago

Refurb/BRRR
ROI: 1%
77 m²
+8 photos

ValuationUndervalued

Sold Prices£60K - £377K
Sold Prices/m²£1.6K/m² - £2.9K/m²

 

 

Square Metres

77 m²
Price/m²£1.6K/m²

Value Estimate

£139,050
BMV3%

 

 

End Value (After Refurb)

£178,938

Uplift in Value

+33%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£31,750

Stamp Duty & Legal Fees

£5,250

Refurb Costs

£30,516

Bridging Loan Interest

£3,334

Total Cash In

£72,600

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£178,938

Mortgage (After Refinance)

£134,203

Mortgage LTV

75%

Cash Released

£38,953

Cash Left In

£33,647

Equity

£44,734

Rent Range

£475 - £1,300

Rent Estimate

£802

Running Costs/mo

£740

Cashflow/mo

£62

Cashflow/yr

£749

ROI

1%

Gross Yield

8%

Local Sold Prices

24 sold prices from £60K to £377K, average is £198.7K. £1.6K/m² to £2.9K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£120K06/210.01 mi3, Orchard Close, Messingham, Scunthorpe, North Lincolnshire DN17 3TS3
£270K04/210.06 mi14, Wendover Road, Messingham, Scunthorpe, North Lincolnshire DN17 3SJ3
£197.5K09/210.07 mi27, Wendover Road, Messingham, Scunthorpe, North Lincolnshire DN17 3SN3
£140K12/200.11 mi12, Park Street, Messingham, Scunthorpe, North Lincolnshire DN17 3RU3
£200K01/210.12 mi46, Wendover Road, Messingham, Scunthorpe, North Lincolnshire DN17 3SW3
£288K06/230.13 mi22, Cross Tree Lane, Messingham, Scunthorpe, North Lincolnshire DN17 3NX3
£280K04/210.15 mi19, Highgrove, Messingham, Scunthorpe, North Lincolnshire DN17 3RL3
£173.5K06/230.2 mi5, Northfield Road, Messingham, Scunthorpe, North Lincolnshire DN17 3RZ3
£218K03/210.2 mi60, Wendover Road, Messingham, Scunthorpe, North Lincolnshire DN17 3TL3
£175K10/210.22 mi14, Aysgarth Avenue, Messingham, Scunthorpe, North Lincolnshire DN17 3TQ3
£165K04/210.22 mi24, Aysgarth Avenue, Messingham, Scunthorpe, North Lincolnshire DN17 3TQ3
£303.1K05/210.22 mi12, Calder Green, Messingham, Scunthorpe, North Lincolnshire DN17 3UA3
£310K06/230.26 mi3, Kealholme Road, Messingham, Scunthorpe, North Lincolnshire DN17 3TG3
£255K09/230.29 mi22, Kealholme Road, Messingham, Scunthorpe, North Lincolnshire DN17 3ST3
£150K10/210.31 mi4, Holme Lane, Messingham, Scunthorpe, North Lincolnshire DN17 3SG3
£377K11/220.31 mi2, Gelder Beck Road, Messingham, Scunthorpe, North Lincolnshire DN17 3UJ3
£220K11/210.31 mi2, Egton Avenue, Messingham, Scunthorpe, North Lincolnshire DN17 3SY3
£199.9K06/210.34 mi11, Eastfield Road, Messingham, Scunthorpe, North Lincolnshire DN17 3PQ3
£183K02/210.34 mi13, Eastfield Road, Messingham, Scunthorpe, North Lincolnshire DN17 3PQ3
£342.5K08/230.38 miAldney Cottage, 1a, Ash Grove, Messingham, Scunthorpe, North Lincolnshire DN17 3QY3
£60K07/210.38 mi32, Brigg Road, Messingham, Scunthorpe, North Lincolnshire DN17 3QZ3
£149.9K06/210.38 mi60, Brigg Road, Messingham, Scunthorpe, North Lincolnshire DN17 3QZ3
£136K12/200.43 mi10, Knightsbridge Road, Messingham, Scunthorpe, North Lincolnshire DN17 3RA3
£130K10/200.83 mi62, Butterwick Road, Messingham, Scunthorpe, North Lincolnshire DN17 3PL3

Local Rents

31 rents from £475/mo to £1.3K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£61509/230.06 mi-2
£85012/240.13 miCross Tree Lane, Messingham2
£87512/240.43 miKnightsbridge Road, Messingham, SCUNTHORPE3
£1,20005/241.16 miSlate House Farrm, Holme, Scunthorpe, DN16 3RE3
£85003/241.25 miValley View Drive, Bottesford, Scunthorpe, DN163
£62504/241.33 miMerryweather Court, Bottesford2
£1,30003/241.35 miSeabrook Drive, Scunthorpe3
£1,20004/241.35 miSeabrook Drive, Scunthorpe3
£60001/241.36 mi-2
£47503/241.39 miMalling Walk, Scunthorpe1
£62004/241.45 mi-2
£79504/251.62 mi-3
£94512/241.79 mi-3
£90003/251.81 mi-3
£70007/241.87 mi-3
£75012/242.02 miFotherby Road, Scunthorpe3
£75003/252.04 mi-3
£65003/242.09 miWoodcross Avenue, Scunthorpe3
£99512/242.1 mi-4
£1,20012/232.11 mi-4
£85009/232.11 mi-3
£57503/242.14 miSt Nicholas Court, Scunthorpe, DN162
£99003/252.16 mi-3
£62512/242.26 mi-2
£72502/252.26 mi-3
£95003/252.27 mi-3
£82501/252.29 mi-3
£77503/252.3 mi-3
£90008/242.37 mi-3
£72504/242.46 miCornwall Road, Scunthorpe3
£65004/242.48 miVictoria Road, Scunthorpe3

Local Area Statistics

Population in DN17

37,168

Population in Scunthorpe

105,498

Town centre distance

3.63 miles away

Nearest school

0.20 miles away

Nearest train station

3.86 miles away

 

 

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Price changed to £127,000

March 8, 2025

Listed for £135,000

October 4, 2024

Floor Plans

Description

  • Council Tax Band A +
  • NO CHAIN +
  • Village Location +
  • Close to Amenities +
  • Requires Modernisation +
  • Ideal for a First Time Buyer +
  • Close to Transport Links +
  • Downstairs W/C +
  • Viewings Available Now +
  • EPC Rating D +

New to the market with Bella Properties is this spacious three bedroom property on Orchard Close, Messingham. Located on a quiet cul-de-sac, this property does require some modernising however this gives the buyer the opportunity to put their own stamp on a great home in an ideal location.

The property consists of good sized living and dining rooms, a kitchen and W/C on the ground floor. Accommodation to the first floor consists of two double bedrooms, a useable single and a bathroom. Externally, there is a low maintenance rear garden and a garage for storage.

Enjoying a village location close to local shops, schools and amenities, viewings are available now and come recommended.

Hall - 1.18 x 1.54 (3'10" x 5'0") - Entrance to the property is via the front uPVC door and into the hallway. Internal doors lead to the living room and W/C.

Living Room - 4.91 x 3.64 (16'1" x 11'11") - Open plan with the dining room, carpeted with uPVC bay window facing to the front of the property. Includes electric fireplace set on marble surround.

Dining Room - 2.72 x 2.7 (8'11" x 8'10") - Open plan with the dining room, uPVC window faces to the rear of the property.

Kitchen - 2.69 x 2.09 (8'9" x 6'10") - Vinyl flooring with uPVC window and door leading to the rear. Base height and wall mounted wooden units with complimentary counters and tiled splashbacks. Integrated oven, hob and sink and drainer.

W/C - 0.79 x 2.33 (2'7" x 7'7") - Downstairs W/C with uPVC window facing to the front of the property.

Landing - 2.47 x 1.92 (8'1" x 6'3") - Carpeted with internal doors leading to all three bedrooms and bathroom.

Bedroom One - 3.3 x 2.76 (10'9" x 9'0") - Carpeted with coving to the ceiling and uPVC window facing to the front of the property. Includes built-in wardrobes.

Bedroom Two - 3.6 x 2.72 (11'9" x 8'11") - Carpeted with coving to the ceiling and uPVC window facing to the rear of the property. Includes built-in wardrobes.

Bedroom Three - 2.72 x 1.92 (8'11" x 6'3") - Carpeted with coving to the ceiling and uPVC window facing to the rear of the property.

Bathroom - 2.34 x 2.06 (7'8" x 6'9") - Carpeted with part tiled walls, heated towel rail and uPVC window facing to the front of the property. A three piece suite consisting of sink, toilet and bathtub.

External - To the front of the property is street parking. The rear garden is low maintenance and the property comes with a garage for outside storage.

Disclaimer - The information displayed about this property comprises a property advertisement and is an illustration meant for use as a guide only. Bella Properties makes no warranty as to the accuracy or completeness of the information.

Agent Details

Bella Properties, Scunthorpe

01724 706790

Next Steps?

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