3 Bed Terraced House, Single Let, Scunthorpe, DN15 7SB, £115,000

Spencer Avenue, Scunthorpe, North Lincolnshire, DN15 7SB - 1 views - 6 months ago

Sold STC
BTL
ROI: 4%
~93 m²
+3 photos

ValuationOvervalued

Sold Prices£48K - £209K
Sold Prices/m²£585/m² - £2.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£82,029

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£4,650

Total Cash In

£33,400

 

 

Cash Out

 

Rent Range

£100 - £975

Rent Estimate

£623

Running Costs/mo

£504

Cashflow/mo

£119

Cashflow/yr

£1,428

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £48K to £209K, average is £82.8K. £585/m² to £2.1K/m², average is £893/m².

PriceDateDistanceAddressBeds 
£80K10/210.02 mi99, Buckingham Street, Scunthorpe, North Lincolnshire DN15 7JG3
£71K01/210.04 mi96, Buckingham Street, Scunthorpe, North Lincolnshire DN15 7JQ3
£93K12/200.04 mi110, Buckingham Street, Scunthorpe, North Lincolnshire DN15 7JQ3
£82.5K07/230.04 mi98, Buckingham Street, Scunthorpe, North Lincolnshire DN15 7JQ3
£82K07/230.07 mi102, Dale Street, Scunthorpe, North Lincolnshire DN15 7LR3
£85K04/210.08 mi114, Spencer Avenue, Scunthorpe, North Lincolnshire DN15 7SD3
£70K06/230.1 mi14, Theodore Road, Scunthorpe, North Lincolnshire DN15 7SF3
£127.5K09/210.12 mi7, Hornsby Crescent, Scunthorpe, North East Lincolnshire DN15 7SE3
£115K06/210.12 mi4, Hornsby Crescent, Scunthorpe, North Lincolnshire DN15 7SE3
£111K07/230.12 mi29, Hornsby Crescent, Scunthorpe, North Lincolnshire DN15 7SE3
£80K10/210.12 mi227, Frodingham Road, Scunthorpe, Humberside DN15 7NS3
£155K02/230.13 mi31, Ferry Road, Scunthorpe, North Lincolnshire DN15 8QF3
£75K01/230.13 mi52, Dale Street, Scunthorpe, North Lincolnshire DN15 7LP3
£140K11/210.13 mi11, Ferry Road, Scunthorpe, Humberside DN15 8QG3
£130.6K06/210.13 mi31, Ferry Road, Scunthorpe, Humberside DN15 8QF3
£92.3K08/210.17 mi206, Frodingham Road, Scunthorpe, North Lincolnshire DN15 7NN3
£83K05/210.18 mi96, Burke Street, Scunthorpe, North Lincolnshire DN15 6DF3
£80K01/230.19 mi29, Dale Street, Scunthorpe, North Lincolnshire DN15 7LW3
£66K12/200.2 mi54, Diana Street, Scunthorpe, North Lincolnshire DN15 6AX3
£80K07/230.2 mi3, Buckingham Street, Scunthorpe, North Lincolnshire DN15 7JE3
£62K03/210.2 mi3, Buckingham Street, Scunthorpe, North Lincolnshire DN15 7JE3
£85K06/230.21 mi2, Dale Street, Scunthorpe, North Lincolnshire DN15 7LW3
£137K08/230.23 mi10, Crosby Avenue, Scunthorpe, North Lincolnshire DN15 8PB3
£75K01/210.24 mi70, Berkeley Street, Scunthorpe, North Lincolnshire DN15 7LN3
£51K10/200.26 mi56, Sheffield Street, Scunthorpe, North Lincolnshire DN15 6DN3
£135K09/210.26 mi10, Buckingham Avenue, Scunthorpe, North Lincolnshire DN15 8NP3
£209K05/230.26 mi16, Buckingham Avenue, Scunthorpe, North Lincolnshire DN15 8NP3
£65K01/210.26 mi8, Spencer Avenue, Scunthorpe, North Lincolnshire DN15 7RY3
£50K01/210.27 mi54, Mulgrave Street, Scunthorpe, North Lincolnshire DN15 6DQ3
£50K05/210.29 mi36, Sheffield Street, Scunthorpe, North Lincolnshire DN15 6DL3
£179.9K12/220.29 mi8, Connaught Road, Scunthorpe, North Lincolnshire DN15 8GU3
£73.5K04/230.29 mi83, Diana Street, Scunthorpe, North Lincolnshire DN15 6AY3
£85K05/210.29 mi89, Diana Street, Scunthorpe, North Lincolnshire DN15 6AY3
£64.5K11/220.29 mi105, Diana Street, Scunthorpe, North Lincolnshire DN15 6AY3
£70K07/230.29 mi6, Mulgrave Street, Scunthorpe, North Lincolnshire DN15 6DH3
£95K11/220.29 mi99, Diana Street, Scunthorpe, North Lincolnshire DN15 6AY3
£183K03/230.3 mi67, Ferry Road, Scunthorpe, North Lincolnshire DN15 8LY3
£127K06/210.3 mi81, Bedford Way, Scunthorpe, North Lincolnshire DN15 8GF3
£48K12/200.3 mi19, Smith Street, Scunthorpe, North Lincolnshire DN15 7LG3
£66K12/200.31 mi1, Barnes Crescent, Scunthorpe, Humberside DN15 8NE3
£65K12/200.32 mi13, Percival Street, Scunthorpe, North Lincolnshire DN15 6JD3
£130K11/200.32 mi3, Russell Close, Scunthorpe, North Lincolnshire DN15 8GW3
£142K09/230.32 mi5, Russell Close, Scunthorpe, North Lincolnshire DN15 8GW3
£82K07/230.33 mi53, Fox Street, Scunthorpe, North Lincolnshire DN15 7LD3
£95K11/220.33 mi51, Grosvenor Street, Scunthorpe, North Lincolnshire DN15 6BE3
£118K04/210.34 mi16, Regents Close, Scunthorpe, North Lincolnshire DN15 8GY3
£135K01/230.34 mi40, Bedford Way, Scunthorpe, North Lincolnshire DN15 8GP3
£130K08/220.35 mi77, Berkeley Street, Scunthorpe, North Lincolnshire DN15 6BJ3
£69K03/230.35 mi4, Porter Street, Scunthorpe, North Lincolnshire DN15 6JA3
£75K03/230.35 mi12, Porter Street, Scunthorpe, North Lincolnshire DN15 6JA3

Local Rents

25 rents from £100/mo to £975/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£90001/250.03 mi-3
£90004/250.03 mi-3
£90004/250.03 mi-3
£90003/250.05 mi-3
£97503/250.16 mi-3
£65012/240.17 mi-3
£10003/250.24 mi-3
£51704/240.24 miBerkeley Street, Scunthorpe3
£75001/240.29 mi-3
£75001/240.29 mi-3
£70012/240.29 mi-3
£70008/230.31 mi-3
£72505/240.31 mi-3
£72505/240.31 miCrosby Avenue, Scunthorpe, DN153
£79512/230.41 mi-3
£90004/240.41 miGloucester Court, Scunthorpe3
£72512/230.42 mi-3
£70002/230.42 mi-3
£72504/230.44 mi-3
£80012/240.5 mi-3
£85001/250.53 mi-3
£54511/230.56 mi-3
£85005/240.59 miExeter Road, Scunthorpe, DN153
£80012/240.6 mi-3
£85001/240.6 mi-3

Local Area Statistics

Population in DN15

36,576

Population in Scunthorpe

105,498

Town centre distance

1.01 miles away

Nearest school

0.20 miles away

Nearest train station

0.81 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £115,000

October 15, 2024

Floor Plans

Description

  • Ideal First time buy or Investment +
  • Spacious End Terrace +
  • 3 Bedrooms +
  • Living & Dining Room +
  • Fitted Kitchen +
  • Off Road Parking & Garage +
  • Close to amenties & schooling +
  • Early Viewings Advised +

ARE YOU LOOKING FOR YOUR FIRST HOME, A FAMILY HOME, OR AN INVESTMENT OPPORTUNITY??

Exciting opportunity to purchase this spacious three-bedroom semi-detached family home that is situated on Spencer Avenue in Scunthorpe that is offered with NO CHAIN for ease of purchase. Boasting an open-plan layout with a generous lounge and dining room and a modern fitted kitchen. This property also from benefits ample off-road parking, and a generous front and rear garden and lends itself perfectly to first-time buyers, families or investors looking to add to their portfolio for the busy rental market in the town.

Step Inside
A front entrance door allows access into the welcoming hallway that provides stairs leading to the first floor and a handy ground floor cloakroom with a corner hand wash basin and W.C. Leading back from the central hallway is the modern fitted kitchen that boasts a range of base and wall mounted cabinets, a built-in oven and hob and a steel sink, and a rear door to the garden. Located off the hallway is the dual aspect open-plan lounge/dining room that a feature freestanding fireplace.
To the first floor is the rear facing master bedroom, an additional double bedroom overlooks the front garden and boasts fitted wardrobes and an additional rear aspect single bedroom completes the sleeping accommodation. All are served by the stylish three-piece bathroom with a bath with a shower mixer tap, a vanity hand wash basin and W.C. and partial subway tiling.

Step Outside
Externally, the property benefits from a low-maintenance front garden that is predominantly laid to lawn with a paved pathway leading to the front door and a metal side gate allows access into the rear garden.
To the rear of this superb family home is a generous garden that is predominantly laid to lawn and features a patio seating area for entertaining friends and family. To the bottom of the garden is an additional garden space and all is enclosed with timber fence panels for privacy.

* Shed and garage are included in the sale.

Location
Situated in a popular residential area and is within walking distance of local amenities including Supermarkets, independent and nationwide retailers, local primary and secondary schools. Local colleges are within easy travelling distance. The property is situated close to the local bus service network with a regular service providing transport into Scunthorpe town centre, within easy reach of the M180 motorway network, and approximately 30 minutes travelling time to Humberside Airport.

Agent Details

DDM Residential, Scunthorpe

01724 514335

Next Steps?

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