3 Bed Semi-Detached House, Refurb/BRRR, Scunthorpe, DN17 2PL, £165,000

1 Eton Drive, Bottesford, North Lincolnshire, DN17 2PL - 1 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~98 m²
+12 photos

ValuationFair Value

Sold Prices£75K - £300K
Sold Prices/m²£895/m² - £2.9K/m²

 

 

Square Metres

~98.48 m²
Price/m²£1.7K/m²

Value Estimate

£168,300

 

 

End Value (After Refurb)

£177,307

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£9,450

Refurb Costs

£39,029

Bridging Loan Interest

£4,331

Total Cash In

£95,810

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£177,307

Mortgage (After Refinance)

£132,980

Mortgage LTV

75%

Cash Released

£9,230

Cash Left In

£86,580

Equity

£44,327

Rent Range

£495 - £1,300

Rent Estimate

£819

Running Costs/mo

£738

Cashflow/mo

£81

Cashflow/yr

£973

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £75K to £300K, average is £171K. £895/m² to £2.9K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£157K12/200.04 mi68, Ogilvy Drive, Scunthorpe, Humberside DN17 2PN3
£165K02/210.04 mi12, Ogilvy Drive, Scunthorpe, North Lincolnshire DN17 2PN3
£190K12/220.04 mi24, Ogilvy Drive, Scunthorpe, North Lincolnshire DN17 2PN3
£180K03/210.04 mi8, Eton Drive, Scunthorpe, North Lincolnshire DN17 2PH3
£169.9K01/210.04 mi56, Eton Drive, Scunthorpe, North Lincolnshire DN17 2PH3
£204K03/230.11 mi285, Messingham Road, Scunthorpe, North Lincolnshire DN17 2QX3
£190K08/230.12 mi3, Glanford Road, Scunthorpe, North Lincolnshire DN17 2PT3
£220K09/210.12 mi9, Glanford Road, Scunthorpe, North Lincolnshire DN17 2PT3
£215K02/230.12 mi31, Nursery Close, Scunthorpe, North Lincolnshire DN17 2UB3
£200K12/220.14 mi56, High Leys Road, Scunthorpe, North Lincolnshire DN17 2PZ3
£175K02/210.14 mi57, High Leys Road, Scunthorpe, North Lincolnshire DN17 2PZ3
£110K12/200.15 mi272, Messingham Road, Scunthorpe, North Lincolnshire DN17 2QY3
£166.5K01/230.15 mi258, Messingham Road, Scunthorpe, North Lincolnshire DN17 2QY3
£175K12/220.22 mi18, High Leys Road, Scunthorpe, North Lincolnshire DN17 2PA3
£232K08/230.22 mi14, Brankwell Crescent, Scunthorpe, North Lincolnshire DN17 2QB3
£161K01/210.22 mi5, Parkin Road, Scunthorpe, North Lincolnshire DN17 2QT3
£182K04/230.22 mi28, Parkin Road, Scunthorpe, North Lincolnshire DN17 2QT3
£170K06/210.22 mi37, Bolingbroke Road, Scunthorpe, North Lincolnshire DN17 2NQ3
£190K04/210.22 mi11, Pembroke Avenue, Scunthorpe, North Lincolnshire DN16 3LN3
£300K03/230.22 mi9, Pembroke Avenue, Scunthorpe, North Lincolnshire DN16 3LN3
£167.5K10/200.22 mi9, Parkin Road, Scunthorpe, North Lincolnshire DN17 2QT3
£140K10/200.23 mi144, Willoughby Road, Scunthorpe, North Lincolnshire DN17 2QR3
£172K01/210.24 mi16, The Dales, Scunthorpe, Humberside DN17 2QF3
£222.5K03/230.24 mi3, The Dales, Scunthorpe, North Lincolnshire DN17 2QF3
£176.3K11/200.25 mi1a, Merton Road, Scunthorpe, North Lincolnshire DN16 3LL3
£196K11/210.26 mi24, Endcliffe Avenue, Scunthorpe, North Lincolnshire DN17 2RD3
£115K11/200.26 mi16, Endcliffe Avenue, Scunthorpe, North Lincolnshire DN17 2RD3
£222.5K11/200.26 mi62, Endcliffe Avenue, Scunthorpe, North Lincolnshire DN17 2RD3
£220K12/220.28 mi22, Hammerton Road, Scunthorpe, North Lincolnshire DN17 2SB3
£75K09/210.28 mi86, Low Leys Road, Scunthorpe, North Lincolnshire DN17 2SN3
£152.5K03/210.28 mi80, Low Leys Road, Scunthorpe, North Lincolnshire DN17 2SN3
£165K11/220.29 mi53, Bolingbroke Road, Scunthorpe, North Lincolnshire DN17 2NJ3
£180K06/210.3 mi35, Jacklins Approach, Scunthorpe, North Lincolnshire DN16 3PF3
£94.5K04/210.3 mi7, Fotherby Road, Scunthorpe, North Lincolnshire DN17 2NL3
£117K02/210.3 mi22, Fotherby Road, Scunthorpe, North Lincolnshire DN17 2NL3
£215K05/230.3 mi14, Chesney Drive, Scunthorpe, North Lincolnshire DN16 3QL3
£175K08/230.3 mi26, Trinity Road, Scunthorpe, North Lincolnshire DN16 3LU3
£164K04/210.3 mi32, Trinity Road, Scunthorpe, North Lincolnshire DN16 3LU3
£150K02/210.3 mi15, Trinity Road, Scunthorpe, North Lincolnshire DN16 3LU3
£87K04/210.3 mi95, Brocklesby Road, Scunthorpe, North Lincolnshire DN17 2LW3
£225K12/200.31 mi7, The Rise, Scunthorpe, North Lincolnshire DN17 2SL3
£194.5K03/230.31 mi6, The Rise, Scunthorpe, North Lincolnshire DN17 2SL3
£133K09/210.32 mi160, Enderby Road, Scunthorpe, North Lincolnshire DN17 2JX3
£90K02/210.32 mi48, Brocklesby Road, Scunthorpe, North Lincolnshire DN17 2LP3
£128.5K02/210.33 mi33, Low Leys Road, Scunthorpe, North Lincolnshire DN17 2SH3
£185K05/230.33 mi43, Low Leys Road, Scunthorpe, North Lincolnshire DN17 2SH3
£165K11/200.33 mi67, Low Leys Road, Scunthorpe, North Lincolnshire DN17 2SH3
£145K11/200.33 mi59, Low Leys Road, Scunthorpe, North Lincolnshire DN17 2SH3
£139.9K12/200.33 mi125, Willoughby Road, Scunthorpe, North Lincolnshire DN17 2NF3
£135K04/210.34 mi67, Quebec Road, Scunthorpe, North Lincolnshire DN17 2SW3

Local Rents

28 rents from £495/mo to £1.3K/mo, average is £813/mo.

RentDateDistanceAddressBeds 
£94512/240.28 mi-3
£75012/240.29 miFotherby Road, Scunthorpe3
£75003/250.3 mi-3
£90003/250.38 mi-3
£1,30003/240.42 miSeabrook Drive, Scunthorpe3
£1,20004/240.42 miSeabrook Drive, Scunthorpe3
£79504/250.51 mi-3
£99003/250.53 mi-3
£85003/240.53 miValley View Drive, Bottesford, Scunthorpe, DN163
£85009/230.62 mi-3
£90008/240.64 mi-3
£95003/250.65 mi-3
£82501/250.8 mi-3
£65004/240.85 miVictoria Road, Scunthorpe3
£70007/240.91 mi-3
£69512/230.92 mi-3
£49511/230.95 mi-3
£75012/240.95 miDean Road, SCUNTHORPE3
£57503/240.96 miLindley Street, Scunthorpe3
£85001/251 mi-3
£67503/241.06 miPowells Crescent, Scunthorpe3
£90002/251.1 mi-3
£97512/241.16 mi-3
£78012/241.2 mi-3
£80001/251.2 mi-3
£90012/241.2 miWest Common Gardens, Scunthorpe3
£63503/241.23 miCherry Grove, Scunthorpe3
£72504/241.23 miCornwall Road, Scunthorpe3

Local Area Statistics

Population in DN17

37,168

Population in Scunthorpe

105,498

Town centre distance

1.93 miles away

Nearest school

0.20 miles away

Nearest train station

2.16 miles away

 

 

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £165,000

October 8, 2024

Floor Plans

Description

  • NO CHAIN +
  • Traditional Semi-Detached Family Home +
  • Three Bedrooms +
  • Extended Kitchen/Diner +
  • Spacious Lounge +
  • Three-Piece Family Bathroom +
  • Established Front and Rear Gardens +
  • Ample Driveway and Detached Single Garage +
  • Popular Residential Location +
  • EPC: D | Council Tax: B | Tenure: Freehold +

Offered with the benefit of no onward chain, DDM are delighted to present this superb extended three-bedroom semi-detached home, offering significant potential and located on the sought-after Eton Drive in Bottesford.

Situated within a popular residential area, this property benefits from easy access to highly regarded local schools and a range of amenities. The home, in need of modernisation, provides an excellent opportunity for buyers looking to add their own personal touch. Whether you're a first-time buyer, a growing family, or an investor, this property offers great potential to create your ideal home.

Step Inside
Upon entering the property through the front doorway, you’re welcomed by a bright entrance hallway complete with a staircase leading to the first-floor landing and a convenient understairs storage cupboard. The heart of this family home is the spacious extended kitchen, offering an inviting and versatile ‘L’ shaped dual aspect dining area for families to sit, cook and eat meals together, and comprises a range of fitted cabinets, ample space for white goods, and a stainless-steel sink. Leading from the kitchen is an adjoining rear entrance lobby with additional storage options, and a handy downstairs cloakroom. This thoughtful layout ensures practicality while enhancing the home's social living space.

The first floor hosts three well-proportioned bedrooms, offering comfort and practicality for the whole family. The front-facing principal bedroom benefits from fitted furniture, providing ample storage space. The second double bedroom, positioned at the rear, also boasts fitted furniture, while the third bedroom, a cosy single room at the front, is ideal for a child's room or home office.
All bedrooms are served by the fully tiled family bathroom, featuring a white three-piece suite. The bathroom includes a convenient walk-in bathtub, a pedestal hand wash basin, and a W.C.

Step Outside
Externally, the property features a low-maintenance front garden, predominantly laid to lawn and bordered by a low buffer wall and timber fencing, ensuring privacy. A sloping driveway provides convenient off-road parking for multiple vehicles, leading to the single detached garage with an up-and-over door for secure storage or additional parking.
To the rear, the property boasts a mature garden, mainly laid to lawn, offering an ideal space for a growing family. The generous patio seating area provides a fantastic spot for entertaining friends and family. The garden also benefits from an additional storage shed, perfect for keeping outdoor tools.

Location
This fantastic family home is ideally located in the popular area of Bottesford. The property is within walking distance of excellent local primary and secondary schools, making it perfect for families. Additionally, it is close to shops, supermarkets, local amenities, and a retail park. Regular bus routes provide easy access to Scunthorpe and Ashby town centre. Ashby town centre boasts a thriving retail community with a variety of shops, cafés, restaurants, banks, and public houses, along with essential services such as a doctors' surgery, opticians, and building societies. The home is also perfectly positioned for commuters, with excellent road links, easy access to the M180 motorway network, and proximity to Humberside Airport. This makes it an ideal location for those seeking convenience and a vibrant community.

Agent Details

DDM Residential, Scunthorpe

01724 514335

Next Steps?

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