3 Bed Semi-Detached House, Refurb/BRRR, Scunthorpe, DN16 1LW, £100,000

Neath Road, Scunthorpe, North Lincolnshire, DN16 1LW - 16 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+10 photos

ValuationFair Value

Sold Prices£70K - £245K
Sold Prices/m²£909/m² - £2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.1K/m²

Value Estimate

£101,000

 

 

End Value (After Refurb)

£139,984

Uplift in Value

+40%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£4,200

Refurb Costs

£37,600

Bridging Loan Interest

£2,625

Total Cash In

£71,175

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£139,984

Mortgage (After Refinance)

£104,988

Mortgage LTV

75%

Cash Released

£29,988

Cash Left In

£41,187

Equity

£34,996

Rent Range

£545 - £1,000

Rent Estimate

£750

Running Costs/mo

£607

Cashflow/mo

£143

Cashflow/yr

£1,711

ROI

2%

Gross Yield

9%

Local Sold Prices

50 sold prices from £70K to £245K, average is £139.3K. £909/m² to £2K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£150K12/220.03 mi16, Neath Road, Scunthorpe, North Lincolnshire DN16 1LW3
£137.5K07/230.04 mi12, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LN3
£127K12/200.04 mi9, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LN3
£132.5K08/230.07 mi9, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LJ3
£103K05/210.07 mi18, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LJ3
£115K06/210.07 mi22, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LJ3
£95K11/200.07 mi3, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LJ3
£110K07/210.08 mi14, King Edward Street, Scunthorpe, City Of Kingston Upon Hull DN16 1LH3
£120K02/210.08 mi29, King Edward Street, Scunthorpe, North Lincolnshire DN16 1LH3
£105K05/210.1 mi41, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LL3
£180K11/210.11 mi58, Ashby Road, Scunthorpe, North Lincolnshire DN16 1NR3
£215K11/200.11 mi92, Ashby Road, Scunthorpe, North Lincolnshire DN16 1NR3
£175K02/210.11 mi38, Ashby Road, Scunthorpe, North Lincolnshire DN16 1NR3
£166K12/220.12 mi55, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LR3
£147K03/230.12 mi69, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LR3
£183K03/230.13 miSlaidburn, Redbourn Way, Scunthorpe, North Lincolnshire DN16 1NG3
£130K01/210.16 mi49, Bushfield Road, Scunthorpe, North Lincolnshire DN16 1ND3
£142.5K12/200.17 mi32, Haig Avenue, Scunthorpe, North Lincolnshire DN16 1DZ3
£107.5K11/200.17 mi15, Haig Avenue, Scunthorpe, North Lincolnshire DN16 1DZ3
£119.5K06/230.17 mi50, Haig Avenue, Scunthorpe, North Lincolnshire DN16 1DZ3
£70K07/230.17 mi9, Haig Avenue, Scunthorpe, North Lincolnshire DN16 1DZ3
£87K11/210.21 mi56, Cemetery Road, Scunthorpe, North Lincolnshire DN16 1EA3
£132.5K05/210.22 mi89, Cemetery Road, Scunthorpe, North Lincolnshire DN16 1EB3
£125K11/200.29 mi74, Rowland Road, Scunthorpe, North Lincolnshire DN16 1ST3
£82.5K07/210.33 mi10, Hallgarth Avenue, Scunthorpe, North Lincolnshire DN16 1UG3
£88K02/210.34 mi105, Cottage Beck Road, Scunthorpe, North Lincolnshire DN16 1UE3
£105K12/200.34 mi79, Fairmont Crescent, Scunthorpe, North Lincolnshire DN16 1EL3
£95K12/200.34 mi25, Fairmont Crescent, Scunthorpe, North Lincolnshire DN16 1EL3
£225K07/230.35 mi47a, Brumby Wood Lane, Scunthorpe, North Lincolnshire DN17 1AA3
£170K03/230.35 mi11, Brumby Wood Lane, Scunthorpe, North Lincolnshire DN17 1AA3
£142K02/230.35 mi55, Brumby Wood Lane, Scunthorpe, North Lincolnshire DN17 1AA3
£180K08/230.36 mi11, Rugby Road, Scunthorpe, North Lincolnshire DN16 2DD3
£145K12/220.38 mi37, Comforts Avenue, Scunthorpe, North Lincolnshire DN15 6PN3
£167K05/230.38 mi186, Cemetery Road, Scunthorpe, North Lincolnshire DN16 1NU3
£141K03/210.38 mi17, Norwood Avenue, Scunthorpe, North Lincolnshire DN15 7AR3
£155K06/230.38 mi21, Norwood Avenue, Scunthorpe, North Lincolnshire DN15 7AR3
£145K02/230.38 mi15, Warwick Road, Scunthorpe, North Lincolnshire DN16 1EW3
£110K12/200.38 mi30, Warwick Road, Scunthorpe, North Lincolnshire DN16 1EW3
£165K01/230.38 mi23, Old Brumby Street, Scunthorpe, North Lincolnshire DN16 2DA3
£167.5K01/210.38 mi17, Old Brumby Street, Scunthorpe, North Lincolnshire DN16 2DA3
£123K05/230.4 mi111, Rowland Road, Scunthorpe, North Lincolnshire DN16 1TA3
£175K04/230.43 mi16, Rivelin Crescent, Scunthorpe, North Lincolnshire DN16 2AL3
£169.9K04/210.44 mi10, Lloyds Avenue, Scunthorpe, North Lincolnshire DN17 1BX3
£180K10/210.44 mi57, Church Lane, Scunthorpe, North Lincolnshire DN15 7AE3
£130K11/200.44 mi29, Church Lane, Scunthorpe, North Lincolnshire DN15 7AE3
£245K07/210.44 mi2, Church Lane, Scunthorpe, North Lincolnshire DN15 7AE3
£102K09/210.45 mi172, Cottage Beck Road, Scunthorpe, North Lincolnshire DN16 1UA3
£145K08/230.45 mi21, Warwick Road, Scunthorpe, North Lincolnshire DN16 1ES3
£135K04/230.45 mi7, Avon Road, Scunthorpe, North Lincolnshire DN16 1EP3
£185K08/210.45 mi45, Lloyds Avenue, Scunthorpe, North Lincolnshire DN17 1BY3

Local Rents

19 rents from £545/mo to £1K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£62503/240.1 miAbercorn Street, SCUNTHORPE3
£67503/240.18 miHaig Avenue, Scunthorpe3
£65003/240.19 miRowland Road, Scunthorpe3
£1,00002/250.38 mi-3
£90004/250.38 mi-3
£72512/230.46 mi-3
£80004/240.46 mi-3
£79501/250.46 mi-3
£81502/250.46 mi-3
£79503/250.46 mi-3
£75003/250.49 mi-3
£78001/240.49 mi-3
£78001/240.49 mi-3
£80012/240.57 mi-3
£54511/230.58 mi-3
£92504/240.59 miVicarage Gardens, Scunthorpe3
£92504/240.59 miVicarage Gardens, Scunthorpe3
£85005/240.59 miExeter Road, Scunthorpe, DN153
£80003/250.59 mi-3

Local Area Statistics

Population in DN16

31,697

Population in Scunthorpe

105,498

Town centre distance

0.07 miles away

Nearest school

0.20 miles away

Nearest train station

0.26 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £100,000

November 8, 2024

Floor Plans

Description

  • NO CHAIN +
  • Semi-Detached Family Home in Cul-de-Sac Position +
  • Two Reception Rooms +
  • Three-Piece Family Bathroom +
  • Rear Front and Rear Gardens +
  • Ample Driveway and Garage +
  • Popular Residential Location +
  • EPC: E | Council Tax: B | Tenure: Freehold +

Offered with the benefit of no onward chain for ease of purchase, DDM are pleased to offer to the market this superb three-bedroom semi-detached home situated on Neath Road in the popular residential area of Scunthorpe.

Offering scope for modernisation throughout, this is a fantastic opportunity for first-time buyers, families, or investors alike looking to be able to really put their own stamp on a property.

Step Inside
A front entrance doorway opens into the entrance hallway with a staircase leading to the first floor landing.
Leading from the hallway are two spacious reception rooms, a kitchen, and a handy ground floor cloakroom.
To the first floor is the front-facing principal bedroom that benefits from fitted furniture, a second double bedroom to the rear aspect that also boasts fitted furniture and a further single bedroom, all served by the white three-piece family bathroom.

Externally, to the front of the property is a generous front garden that is enclosed with a low buffer wall and timber fencing and leads to the ample driveway providing off-road parking. To the rear is a fully enclosed garden that would be perfect for a growing family.

Location
Situated in the popular area of Brumby, Scunthorpe, the property is found close to local amenities including schools, shops and transport links.

Agent Details

DDM Residential, Scunthorpe

01724 514335

Next Steps?

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