2 Bed Flat, Single Let, Scunthorpe, DN15 8BQ, £48,000

Kensington Road, Scunthorpe, DN15 8BQ - 2 views - 6 months ago

Leasehold

BTL

ROI: 16%

~68 m²

+12 photos

ValuationUndervalued

Sold Prices	£43K - £108K
Sold Prices/m²	£811/m² - £1.5K/m²

Square Metres	~68.11 m²
Price/m²	£705/m²
Value Estimate	£57,600£57,600
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£12,000£12,000
Stamp Duty & Legal Fees	£3,600£3,600
Total Cash In	£15,600£15,600

Cash Out
Rent Range	£450 - £1,250£450 - £1,250
Rent Estimate	£470
Running Costs/mo	£264£264
Cashflow/mo	£206£206
Cashflow/yr	£2,472£2,472
ROI	16%16%
Gross Yield	12%12%

Local Sold Prices

21 sold prices from £43K to £108K, average is £72.5K. £811/m² to £1.5K/m², average is £1.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£43K	06/23	0 mi	17, Kensington Road, Scunthorpe, North Lincolnshire DN15 8BQ	£811	53	2	Flat
£76.5K	04/22	0 mi	28, Kensington Road, Scunthorpe, North Lincolnshire DN15 8BQ	-	-	2	Flat
£65K	04/22	0.05 mi	100, Hilton Avenue, Scunthorpe, North Lincolnshire DN15 8BD	-	-	2	Flat
£51.7K	11/22	0.09 mi	43, Hilton Avenue, Scunthorpe, North Lincolnshire DN15 8BB	£957	54	2	Flat
£65K	09/22	0.09 mi	41, Hilton Avenue, Scunthorpe, North Lincolnshire DN15 8BB	£1,083	60	2	Flat
£60K	06/23	0.12 mi	22, Wilkie Close, Scunthorpe, North Lincolnshire DN15 8BH	-	-	2	Flat
£90.5K	04/22	0.2 mi	49, Edgemere, Scunthorpe, North Lincolnshire DN15 7ES	£1,534	59	2	Flat
£90K	11/22	0.65 mi	14, The Chequers, Scunthorpe, North Lincolnshire DN15 8YG	-	-	2	Flat
£108K	01/23	0.65 mi	7, The Chequers, Scunthorpe, North Lincolnshire DN15 8YG	£1,459	74	2	Flat
£85.8K	05/21	0.65 mi	17, The Chequers, Scunthorpe, North Lincolnshire DN15 8YG	£1,114	77	2	Flat
£80K	02/22	0.65 mi	8, The Chequers, Scunthorpe, North Lincolnshire DN15 8YG	-	-	2	Flat
£105K	10/22	0.7 mi	140, Doncaster Road, Scunthorpe, North Lincolnshire DN15 7DN	-	-	2	Flat
£100K	03/23	0.74 mi	148, Doncaster Road, Scunthorpe, North Lincolnshire DN15 7DN	£1,210	83	2	Flat
£55K	03/22	1.03 mi	35, Padstow Walk, Scunthorpe, North Lincolnshire DN17 1UH	£982	56	2	Flat
£67K	02/22	1.35 mi	68, St Albans Close, Scunthorpe, North Lincolnshire DN17 1QY	£944	71	2	Flat
£90.3K	03/22	1.46 mi	Apartment 111, Linea, Dunstall Street, Scunthorpe, North Lincolnshire DN15 6JQ	-	-	2	Flat
£70K	10/21	1.68 mi	3, Crowston Walk, Scunthorpe, Humberside DN15 6RT	£1,203	58	2	Flat
£47.5K	03/21	1.87 mi	16, Earls Walk, Scunthorpe, North Lincolnshire DN16 1HB	£864	55	2	Flat
£48K	07/22	1.87 mi	34, Earls Walk, Scunthorpe, North Lincolnshire DN16 1HB	-	-	2	Flat
£72.5K	08/22	1.9 mi	20, Revesby Court, Scunthorpe, North Lincolnshire DN16 2EF	£1,208	60	2	Flat
£75K	10/23	1.9 mi	22, Revesby Court, Scunthorpe, North Lincolnshire DN16 2EF	-	-	2	Flat

Local Rents

52 rents from £450/mo to £1.3K/mo, average is £825/mo.

Rent	Date	Distance	Address	Beds	Type
£1,150	04/25	0.11 mi	-	3	Detached House
£675	10/23	0.16 mi	-	3	Semi-Detached House
£825	05/24	0.29 mi	Scotter Road, SCUNTHORPE	3	House
£700	04/24	0.32 mi	-	3	Terraced House
£675	03/25	0.45 mi	-	3	Bungalow
£800	01/25	0.6 mi	-	3	Detached House
£825	04/23	0.64 mi	-	3	Semi-Detached House
£800	12/24	0.72 mi	-	3	Semi-Detached House
£850	02/24	0.75 mi	-	3	Semi-Detached House
£850	01/25	0.75 mi	-	3	Semi-Detached House
£850	12/24	0.76 mi	-	3	Semi-Detached House
£760	11/23	0.76 mi	-	3	Semi-Detached House
£1,200	03/24	0.8 mi	Russet Close, Scunthorpe	4	Detached House
£725	04/23	0.8 mi	-	3	Semi-Detached House
£825	04/24	0.8 mi	-	3	Semi-Detached House
£825	05/24	0.8 mi	-	3	Semi-Detached House
£1,200	02/24	0.81 mi	-	3	Semi-Detached House
£940	12/24	0.82 mi	Appledore Crescent, Scunthorpe, DN17	3	Detached House
£1,000	04/24	0.82 mi	-	3	Semi-Detached House
£1,150	03/25	0.82 mi	-	3	Semi-Detached House
£1,000	03/24	0.82 mi	Church Lane, Scunthorpe, DN15	3	Semi-Detached House
£850	04/25	0.82 mi	-	3	Semi-Detached House
£750	04/23	0.83 mi	-	3	Semi-Detached House
£850	01/24	0.88 mi	-	3	Semi-Detached House
£1,000	02/25	0.89 mi	-	3	Semi-Detached House
£750	01/25	0.93 mi	-	2	Semi-Detached House
£576	05/24	0.97 mi	Church Lane, Scunthorpe, DN157HB	3	Semi-Detached House
£625	05/24	0.97 mi	Coltsfoot Close, Scunthorpe, North Lincolnshire, DN15	2	Terraced House
£675	02/24	1 mi	-	2	Semi-Detached House
£725	04/23	1.07 mi	-	3	Semi-Detached House
£500	03/24	1.08 mi	Henderson Avenue, SCUNTHORPE	2	Flat
£925	04/24	1.11 mi	Vicarage Gardens, Scunthorpe	3	Semi-Detached House
£925	04/24	1.11 mi	Vicarage Gardens, Scunthorpe	3	Semi-Detached House
£600	04/24	1.14 mi	-	1	Flat
£670	02/25	1.14 mi	-	1	Flat
£650	04/25	1.14 mi	-	1	Flat
£615	05/23	1.14 mi	-	1	Flat
£850	05/24	1.16 mi	Exeter Road, Scunthorpe, DN15	3	Semi-Detached House
£1,250	11/24	1.16 mi	-	5	Detached House
£780	01/24	1.18 mi	-	3	Semi-Detached House
£780	01/24	1.18 mi	-	3	Semi-Detached House
£795	12/23	1.22 mi	-	3	Semi-Detached House
£450	03/25	1.26 mi	-	1	Flat
£995	02/24	1.26 mi	-	4	Semi-Detached House
£995	02/24	1.26 mi	-	4	Semi-Detached House
£517	04/24	1.27 mi	Berkeley Street, Scunthorpe	3	House
£975	03/25	1.28 mi	-	3	Semi-Detached House
£800	12/24	1.3 mi	-	3	Terraced House
£900	01/25	1.3 mi	-	3	Terraced House
£900	04/25	1.3 mi	-	3	Terraced House
£900	04/25	1.3 mi	-	3	Terraced House
£900	04/25	1.3 mi	-	3	Terraced House

Local Area Statistics

Population in DN15	36,57636,576
Population in Scunthorpe	105,498105,498
Town centre distance	1.60 miles away1.60 miles away
Nearest school	0.50 miles away0.50 miles away
Nearest train station	1.58 miles away1.58 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

Price changed to £48,000

March 20, 2025

Price changed to £50,000

March 16, 2025

Listed for £45,000

November 5, 2024

Description

Buy-to-Let Opportunity +
Long Term Tenant Currently Situated +
Likely to attract enquiries from Serious Investors & Developers +
Spacious Lounge +
Garden Ground Space +
INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2-bedroom flat located in Scunthorpe. It is near valuable amenities, can generate rewarding rental returns, and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 bedrooms, a garden ground space, and a spacious lounge.

Investment details

It currently produces an annual gross income of £5,640 which could be increased by the new owner to a market rate of £8,040 with long-term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investor's property portfolio.

For greater details on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales is committed to facilitating a smooth transaction process and allowing for maximum commitment to the sale from both parties, a fully refundable buyer's premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non-completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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

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