6 Bed Detached House, Refurb/BRRR, Scunthorpe, DN15 0AA, £299,950

1 & 3 Ermine Street, APPLEBY, DN15 0AA - 6 months ago

Sold STC
Leasehold
Refurb/BRRR
~92 m²
+9 photos

ValuationOvervalued

Sold Prices£127.5K - £500K
Sold Prices/m²£1.3K/m² - £2.5K/m²

 

 

Square Metres

~91.60 m²
Price/m²£3.3K/m²

Value Estimate

£174,931

 

 

End Value (After Refurb)

£278,125

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£74,988

Stamp Duty & Legal Fees

£21,195

Refurb Costs

£36,246

Bridging Loan Interest

£7,874

Total Cash In

£142,052

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£278,125

Mortgage (After Refinance)

£208,594

Mortgage LTV

75%

Cash Left In

£142,052

Equity

£69,531

Rent Range

No enough data locally

Rent Estimate

~£400

Running Costs/mo

£969

Cashflow/mo

£-569

Cashflow/yr

£-6,830

Gross Yield

2%

Local Sold Prices

19 sold prices from £127.5K to £500K, average is £252.5K. £1.3K/m² to £2.5K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£410K10/200.34 miOld Cart House, Church Side, Appleby, Scunthorpe, North Lincolnshire DN15 0AJ4
£290K09/222.4 miHatikvah House, North Street, Roxby, Scunthorpe, North Lincolnshire DN15 0BL4
£240.3K07/212.52 mi8, Marris Drive, Winterton, Scunthorpe, North Lincolnshire DN15 9UX4
£259.9K02/212.52 mi2, Marris Drive, Winterton, Scunthorpe, North Lincolnshire DN15 9UX4
£269.9K03/232.57 mi24, Park Street, Winterton, Scunthorpe, North Lincolnshire DN15 9UA4
£280K01/232.67 mi44, Henderson Way, Winterton, Scunthorpe, North Lincolnshire DN15 9SJ4
£127.5K08/212.69 mi1, Baker Drive, Winterton, Scunthorpe, North Lincolnshire DN15 9SE4
£252.5K05/212.82 mi5, Burgon Crescent, Winterton, Scunthorpe, North Lincolnshire DN15 9GB4
£500K03/232.87 miYork House, 55, Main Street, Saxby All Saints, Brigg, North Lincolnshire DN20 0PZ4
£275K02/212.89 mi84, North Street, Winterton, Scunthorpe, North East Lincolnshire DN15 9QN4
£357K06/212.89 miHarrisons Barn, North Street, Winterton, Scunthorpe, North Lincolnshire DN15 9QN4
£170K12/202.9 mi21, Earlsgate, Winterton, Scunthorpe, Humberside DN15 9SS4
£218K01/212.9 mi7, Boston Close, Winterton, Scunthorpe, North Lincolnshire DN15 9TQ4
£157.5K03/232.91 mi14, Earlsgate, Winterton, Scunthorpe, North Lincolnshire DN15 9XA4
£260K08/212.95 mi1, Mill House Lane, Winterton, Scunthorpe, North Lincolnshire DN15 9QP4
£185K12/202.95 mi11, Mill House Lane, Winterton, Scunthorpe, North Lincolnshire DN15 9QP4
£200K08/212.98 mi11, Northlands Road, Winterton, Scunthorpe, North Lincolnshire DN15 9PZ4
£200K12/222.98 mi23, Roxby Road, Winterton, Scunthorpe, North Lincolnshire DN15 9SX4
£157.4K02/212.98 mi18, Northlands Road, Winterton, Scunthorpe, North Lincolnshire DN15 9PY4

Local Rents

Not enough data

Local Area Statistics

Population in DN15

36,576

Population in Scunthorpe

105,498

Town centre distance

4.35 miles away

Nearest school

1.10 miles away

Nearest train station

4.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £299,950

October 22, 2024

Floor Plans

Description

  • Character Property in Conservation Area +
  • Two Semi Detached Houses Sold as One +
  • Renovations Required +
  • Large Gardens +
  • Multiple Outbuildings +
  • Chain Free +
  • Oil Central Heating +
  • NOT A LISTED PROPERTY +

Bell Watson are excited to market this pair of semi detached properties located in the picturesque village of Appleby. Previously known as The Old School House these properties are in need of refurbishment with potential to be renovated as one large detached character property. Both properties provide an entrance hall, lounge, kitchen, separate utility room, ground floor bathroom with three bedrooms to the first floor. SIX BEDROOMS in total. There are a range of outbuildings and the properties a sit on a great size plot. The properties are not listed, however, they are within a conservation area.

LOCATION
Located within the popular village of Appleby which is situated approximately 5 miles from Scunthorpe and 2.5 miles from Winterton. Access to motorway networks and the Humber Bridge are all within close proximity.

ACCOMMODATION
A pair of three bedroom semi detached properties, arranged over two floors and in need of refurbishment. The properties are to be sold with covenant obliging the buyer, at their own expense, to erect and maintain at a timber fence to the northern and western boundaries of the properties within three months of completion. The properties will be sold with the access direct from Ermine Street towards the south of the plot, which provides access to the front elevation of No.1 and the side elevation of No.3

NUMBER ONE ENTRANCE HALL
Enter number 1 via the front timber door with central heating radiator and a carpeted staircase to the first floor.

LOUNGE 4.24m (13' 11") x 4.08m (13' 5")
With open fire, timber framed window to the front aspect, light fitting to the ceiling, a central heating radiator and large under stairs storage cupboard.

KITCHEN 4.25m (13' 11") x 2.71m (8' 11")
Providing a range of units with counter tops having tiled splash backs and a stainless steel sink. Timber framed window to the front aspect, light to the ceiling and a central heating radiator.

UTILITY ROOM 1.56m (5' 1") x 1.20m (3' 11")
Fitted with plumbing, a timber framed window and light to the ceiling.

REAR HALL 2.73m (8' 11") x 1.43m (4' 8")
Having a light and roof space access to the ceiling, a timber framed window to the rear aspect, a central heating radiator, a timber external door and carpeted flooring.

BATHROOM 2.71m (8' 11") x 1.42m (4' 8")
Incorporating a bath with tiled surround and electric shower over, a pedestal wash basin and close coupled WC. There is a light fitting to the ceiling, an obscured timber framed window to the front aspect, a central heating radiator and cushion flooring.

LANDING
With a pendant light to the ceiling, a central heating radiator and carpeted flooring.

BEDROOM ONE 4.23m (13' 11") x 2.79m (9' 2")
Having built in cupboards, a timber framed window to the side elevation, light to the ceiling, a central heating radiator and carpeted flooring.

BEDROOM TWO 3.09m (10' 2") x 3.05m (10' 0")
with a timber framed window to the front elevation, light to the ceiling, a central heating radiator and carpeted flooring.

BEDROOM THREE/STUDY 3.18m (10' 5") x 1.94m (6' 4")
with a timber framed window to the side elevation, light to the ceiling, a central heating radiator and carpeted flooring.

NUMBER THREE ENTRANCE HALL
Enter the property via the timber frame front door into the entrance hall with a central heating radiator.

KITCHEN 4.23m (13' 11") x 2.41m (7' 11")
Fitted with a range of units, a stainless steel sink, a timber framed window to the front aspect, a light fitting to the ceiling, electric radiator and laminate flooring.

UTILITY ROOM 1.96m (6' 5") x 1.55m (5' 1")
Fitted with plumbing having a timber framed window to the rear aspect and a light to the ceiling.

LOUNGE 4.48m (14' 8") x 4.24m (13' 11")
Providing an open fire, pendant light to the ceiling, timber framed window to the front aspect, a large under stairs storage cupboard and carpeted flooring.

BATHROOM 3.39m (11' 1") x 2.46m (8' 1")
Fitted with a bathtub with tiled surround, a wall mounted sink and low flush WC. There is a light fitting and roof space access to the ceiling, an obscure timber framed window to the rear aspect, a central heating radiator and electric radiator and hard flooring.

LANDING
With timber framed window to the side elevation and light fitting to the ceiling.

BEDROOM ONE 4.20m (13' 9") x 3.33m (10' 11")
Having a feature fireplace, a timber framed window to the front elevation, central heating and electric radiators.

BEDROOM TWO 4.20m (13' 9") x 2.39m (7' 10")
Accessed via bedroom one, fitted with built in cupboards, a timber framed window to the rear elevation, central heating and electric radiators.

BEDROOM THREE 2.98m (9' 9") x 2.32m (7' 7")
Having a light to the ceiling, a central heating radiator and timber framed window to the side elevation.

MAIN OUTBUILDING 4.19m (13' 9") x 2.74m (9' 0")
Providing plumbing, a stainless steel sink, power and uPVC double glazed door and windows.

OUTSIDE
The properties are sat within approx. 0.5 acres of gardens mainly laid to lawn with multiple outbuildings.

SERVICES (not tested)
Mains electricity, water and drainage are understood to be connected to the property with oil central heating to No.1 and electric heating to No.3 EPC details upon request.

COUNCIL TAX
The Council Tax bands for both properties are Band B as confirmed by North Lincolnshire Council.

Agent Details

Bell Watson & Co, Brigg

01652 248430

Next Steps?

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