ValuationUndervalued

Sold Prices	£105K - £385K
Sold Prices/m²	£1.4K/m² - £3K/m²

Square Metres	~107.12 m²
Price/m²	£1.5K/m²
Value Estimate	£187,724£187,724
BMV	19%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£39,375£39,375
Stamp Duty & Legal Fees	£9,725£9,725
Total Cash In	£49,100£49,100

Cash Out
Room Rate	£490£490
Gross Rent	£1,960£1,960
Running Costs/mo	£1,333£1,333
Cashflow/mo	£627£627
Cashflow/yr	£7,529£7,529
ROI	15%15%
Gross Yield	15%15%

Local Sold Prices

29 sold prices from £105K to £385K, average is £235K. £1.4K/m² to £3K/m², average is £1.8K/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
£140K	08/25	0.16 mi	7, Theodore Gardens, Scunthorpe DN15 7SG	-	-	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
£163K	04/25	0.53 mi	2, Regents Close, Scunthorpe DN15 8GY	£1,646	99	4	Detached House
£163K	04/25	0.53 mi	2, Regents Close, Scunthorpe DN15 8GY	-	-	4	Detached House
£187.5K	04/23	0.55 mi	31, Granville Road, Scunthorpe, North Lincolnshire DN15 8GS	-	-	4	Semi-Detached House
£385K	05/21	0.56 mi	7, Kingfisher Close, Scunthorpe, Humberside DN15 8EJ	-	-	4	Detached House
£220K	03/23	0.58 mi	55, Bedford Way, Scunthorpe, North Lincolnshire DN15 8GP	£1,500	147	4	Detached House
£338K	01/25	0.58 mi	22a, Avenue Clamart, Scunthorpe DN15 8EQ	£2,541	133	4	Bungalow
£325K	06/25	0.61 mi	38, Marsden Drive, Scunthorpe DN15 8AH	-	-	4	Detached House
£325K	06/25	0.61 mi	38, Marsden Drive, Scunthorpe DN15 8AH	£2,031	160	4	Detached House
£235K	05/25	0.61 mi	10, Granville Road, Scunthorpe DN15 8GS	£2,043	115	4	Detached House
£235K	05/25	0.61 mi	10, Granville Road, Scunthorpe DN15 8GS	-	-	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
£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
£105K	08/25	0.86 mi	17, Sorrel Way, Scunthorpe DN15 8PL	-	-	4	Detached House
£169.9K	10/24	0.87 mi	12, Woodland Gardens, Scunthorpe DN17 1BU	£1,734	98	4	Terraced House
£170K	10/22	0.87 mi	9, Woodlands Gardens, Scunthorpe, North Lincolnshire DN17 1BU	-	-	4	Terraced House
£176.5K	08/24	0.87 mi	13, Woodland Gardens, Scunthorpe DN17 1BU	£1,471	120	4	Terraced House
£190K	09/24	0.89 mi	24, Woodland Gardens, Scunthorpe DN17 1BU	£1,557	122	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
£270K	05/25	0.94 mi	52, Sorrel Way, Scunthorpe DN15 8PL	£2,213	122	4	Detached House
£270K	05/25	0.94 mi	52, Sorrel Way, Scunthorpe DN15 8PL	-	-	4	Detached House

Local Area Statistics

Population in DN15	36,58936,589
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)	+20%+20%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+27%+27%

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?

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

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