4 Bed HMO, Scunthorpe, DN15 8HB, £157,500

Theodore Road, Scunthorpe, DN15 8HB - 5 months ago

Sold STC

HMO

ROI: 19%

~107 m²

+8 photos

ValuationUndervalued

Sold Prices	£150K - £385K
Sold Prices/m²	£1.2K/m² - £3K/m²

Square Metres	~107.12 m²
Price/m²	£1.5K/m²
Value Estimate	£183,420£183,420
BMV	16%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£39,375£39,375
Stamp Duty & Legal Fees	£9,075£9,075
Total Cash In	£48,450£48,450

Cash Out
Room Rate	£533£533
Gross Rent	£2,132£2,132
Running Costs/mo	£1,370£1,370
Cashflow/mo	£762£762
Cashflow/yr	£9,139£9,139
ROI	19%19%
Gross Yield	16%16%

Local Sold Prices

20 sold prices from £150K to £385K, average is £208.3K. £1.2K/m² to £3K/m², average is £1.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£160K	12/22	0.13 mi	5, Henderson Crescent, Scunthorpe, North Lincolnshire DN15 7RR	-	-	4	Semi-Detached House
£150K	03/23	0.24 mi	22, Newborn Avenue, Scunthorpe, North Lincolnshire DN15 8JZ	£1,351	111	4	Semi-Detached House
£158K	08/23	0.31 mi	1b, Spencer Avenue, Scunthorpe, North Lincolnshire DN15 7RY	-	-	4	Semi-Detached House
£260K	12/22	0.4 mi	14, Buckingham Avenue, Scunthorpe, North Lincolnshire DN15 8NP	£3,002	87	4	Semi-Detached House
£250K	06/21	0.4 mi	2, Avenue Vivian, Scunthorpe, North Lincolnshire DN15 8JE	£1,712	146	4	Detached House
£187.5K	04/23	0.55 mi	31, Granville Road, Scunthorpe, North Lincolnshire DN15 8GS	-	-	4	Semi-Detached House
£170K	04/21	0.55 mi	35, Normanby Road, Scunthorpe, North Lincolnshire DN15 6AS	£1,232	138	4	Detached House
£385K	05/21	0.56 mi	7, Kingfisher Close, Scunthorpe, Humberside DN15 8EJ	-	-	4	Detached House
£196.5K	10/20	0.58 mi	57, Bedford Way, Scunthorpe, North Lincolnshire DN15 8GP	£1,926	102	4	Detached House
£220K	03/23	0.58 mi	55, Bedford Way, Scunthorpe, North Lincolnshire DN15 8GP	£1,500	147	4	Detached House
£270K	02/23	0.69 mi	30, Scotter Road, Scunthorpe, North Lincolnshire DN15 8DR	£2,328	116	4	Detached House
£255K	01/23	0.76 mi	10, Russet Close, Scunthorpe, North Lincolnshire DN15 8YJ	-	-	4	Detached House
£172K	03/21	0.77 mi	28, Sedgewood Way, Scunthorpe, North Lincolnshire DN15 8TA	£1,467	117	4	Detached House
£255K	06/23	0.77 mi	26, Sedgewood Way, Scunthorpe, North Lincolnshire DN15 8TA	-	-	4	Detached House
£275K	06/21	0.77 mi	18, Sedgewood Way, Scunthorpe, North Lincolnshire DN15 8TA	£2,311	119	4	Detached House
£162K	04/21	0.78 mi	19, Hartshead Avenue, Scunthorpe, North Lincolnshire DN15 8AG	-	-	4	Semi-Detached House
£225K	02/21	0.85 mi	2, Pavilion Gardens, Scunthorpe, Humberside DN17 1AW	£1,619	139	4	Detached House
£170K	10/22	0.87 mi	9, Woodlands Gardens, Scunthorpe, North Lincolnshire DN17 1BU	-	-	4	Terraced House
£265K	09/21	0.89 mi	56, Sorrel Way, Scunthorpe, North Lincolnshire DN15 8PL	-	-	4	Detached House
£170K	07/23	0.89 mi	22, Sorrel Way, Scunthorpe, North Lincolnshire DN15 8PL	£1,771	96	4	Detached House

Local Area Statistics

Population in DN15	36,57636,576
Population in Scunthorpe	105,498105,498
Town centre distance	1.06 miles away1.06 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.89 miles away0.89 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

Listed for £157,500

October 23, 2024

Floor Plans

Description

Offered with No Onward Chain +
Ideal Investment Opportunity +
Licensed HMO +
Four Bedrooms with potential to increase to five bedrooms +
Off-Road Parking +

Licensed HMO FOR SALE Walshe's Property brings to the market this licensed HMO on Theodore Road within Scunthorpe.Internally, on the ground floor the property offers a bedroom, two reception rooms, kitchen and bathroom. On the first floor you are greeted with three bedrooms, a study and bathroom. Externally, there is a rear enclosed garden which is mainly laid with lawn. Off-road parking is available to to the front of the property. The property is licensed as a HMO and would have a potential monthly return of £1733 per calendar month.

Agent Details

Walshe's Property, Scunthorpe

01724 514341

Next Steps?

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