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3 Bed Semi-Detached House, Refurb/BRRR, Scunthorpe, DN17 2EG, £115,000

Beesby Road, Scunthorpe, DN17 2EG - 5 months ago

Refurb/BRRR
ROI: 3%
~93 m²
+11 photos

ValuationFair Value

Sold Prices£58K - £315K
Sold Prices/m²£624/m² - £2.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£117,300

 

 

End Value (After Refurb)

£137,115

Uplift in Value

+19%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£6,950

Refurb Costs

£36,857

Bridging Loan Interest

£3,019

Total Cash In

£77,326

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£137,115

Mortgage (After Refinance)

£102,837

Mortgage LTV

75%

Cash Released

£16,587

Cash Left In

£60,739

Equity

£34,279

Rent Range

£495 - £1,300

Rent Estimate

£834

Running Costs/mo

£615

Cashflow/mo

£219

Cashflow/yr

£2,625

ROI

3%

Gross Yield

9%

Local Sold Prices

51 sold prices from £58K to £315K, average is £116K. £624/m² to £2.3K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£85.5K04/210 mi46, Beesby Road, Scunthorpe, North Lincolnshire DN17 2EG3
£128K06/230 mi38, Beesby Road, Scunthorpe, North Lincolnshire DN17 2EG3
£115K08/230 mi17, Beesby Road, Scunthorpe, North Lincolnshire DN17 2EG3
£129.9K07/230.06 mi10, Ranby Road, Scunthorpe, North Lincolnshire DN17 2EH3
£129.9K07/230.06 mi10, Ranby Road, Scunthorpe, North Lincolnshire DN17 2EH3
£129.9K08/230.06 mi12, Ranby Road, Scunthorpe, North Lincolnshire DN17 2EH3
£135K11/220.08 mi146, Burringham Road, Scunthorpe, North Lincolnshire DN17 2BG3
£103K08/210.12 mi18, Caenby Road, Scunthorpe, North Lincolnshire DN17 2EW3
£120K02/210.15 mi3, Cloister Close, Scunthorpe, North Lincolnshire DN17 1WA3
£78K04/210.18 mi14, Manor Farm Road, Scunthorpe, North Lincolnshire DN17 1LF3
£110K12/210.18 mi6, Manor Farm Road, Scunthorpe, North Lincolnshire DN17 1LF3
£135K10/210.2 mi57, Asterby Road, Scunthorpe, North Lincolnshire DN17 2DL3
£115K04/210.2 mi34, Asterby Road, Scunthorpe, North Lincolnshire DN17 2DN3
£103K10/200.2 mi56, Willoughby Road, Scunthorpe, North Lincolnshire DN17 2DH3
£91.2K12/200.2 mi16, Aylesby Road, Scunthorpe, North Lincolnshire DN17 2DR3
£199.5K05/230.21 mi99, Burringham Road, Scunthorpe, North Lincolnshire DN17 2DF3
£145K12/220.22 mi143, Burringham Road, Scunthorpe, North Lincolnshire DN17 2DF3
£83K02/210.22 mi45, Morley Road, Scunthorpe, North Lincolnshire DN17 2DW3
£135K04/230.22 mi10, Mavis Road, Scunthorpe, North Lincolnshire DN17 1NA3
£147K03/210.23 mi98, Burringham Road, Scunthorpe, North Lincolnshire DN17 2DE3
£315K10/230.23 mi46, Burringham Road, Scunthorpe, North Lincolnshire DN17 2DE3
£115K05/210.24 mi32, Asterby Road, Scunthorpe, North Lincolnshire DN17 2DN3
£117K11/220.25 mi90, Somerby Road, Scunthorpe, North Lincolnshire DN17 2EU3
£110K05/210.25 mi94, Somerby Road, Scunthorpe, North Lincolnshire DN17 2EU3
£88K07/210.26 mi39, Maltby Road, Scunthorpe, North Lincolnshire DN17 2JE3
£119K04/230.26 mi18, Ormsby Road, Scunthorpe, North Lincolnshire DN17 2JG3
£110K02/210.27 mi7, Dean Road, Scunthorpe, North Lincolnshire DN17 1HG3
£130K10/210.27 mi46, Dean Road, Scunthorpe, North Lincolnshire DN17 1HG3
£65.5K10/200.29 mi49, Spilsby Road, Scunthorpe, North Lincolnshire DN17 2JH3
£116K11/210.3 mi24, Angerstein Road, Scunthorpe, North Lincolnshire DN17 2NA3
£118K01/210.31 mi238, Burringham Road, Scunthorpe, North Lincolnshire DN17 2BH3
£115K05/230.32 mi2, Claxby Road, Scunthorpe, North Lincolnshire DN17 2DT3
£131.5K07/230.32 mi36, Salmonby Road, Scunthorpe, North Lincolnshire DN17 2JJ3
£124.5K08/230.32 mi16, Salmonby Road, Scunthorpe, North Lincolnshire DN17 2JJ3
£122K07/210.32 mi72, Abbots Road, Scunthorpe, North Lincolnshire DN17 1JG3
£123K07/230.33 mi20, Abbey Road, Scunthorpe, North Lincolnshire DN17 1JN3
£180K11/220.33 mi89, Burringham Road, Scunthorpe, North Lincolnshire DN17 2DF3
£152K08/230.33 mi73, Priory Lane, Scunthorpe, North Lincolnshire DN17 1HD3
£115K11/210.33 mi114, Willoughby Road, Scunthorpe, North Lincolnshire DN17 2NW3
£58K02/210.34 mi8, Bridges Road, Scunthorpe, North Lincolnshire DN17 1LP3
£125K01/230.34 mi12, Bridges Road, Scunthorpe, North Lincolnshire DN17 1LP3
£95K01/230.36 mi42, Dragonby Road, Scunthorpe, North Lincolnshire DN17 2LD3
£145K05/230.37 mi40, Kirkby Road, Scunthorpe, North Lincolnshire DN17 2JZ3
£100K11/200.38 mi41, Enderby Road, Scunthorpe, North Lincolnshire DN17 2HB3
£102.5K09/210.38 mi15, Searby Road, Scunthorpe, North Lincolnshire DN17 2JU3
£96K02/210.39 mi5, Monks Road, Scunthorpe, North Lincolnshire DN17 1JQ3
£120K12/220.39 mi3, Monks Road, Scunthorpe, North Lincolnshire DN17 1JQ3
£115K06/210.4 mi40, Enderby Road, Scunthorpe, North Lincolnshire DN17 2HD3
£110K04/230.4 mi60, Enderby Road, Scunthorpe, North Lincolnshire DN17 2HD3
£110K09/220.4 mi43, Wragby Road, Scunthorpe, North Lincolnshire DN17 2HG3
£98K11/200.41 mi6, Ulceby Road, Scunthorpe, North Lincolnshire DN17 2HF3

Local Rents

32 rents from £495/mo to £1.3K/mo, average is £813/mo.

RentDateDistanceAddressBeds 
£75012/240.27 miDean Road, SCUNTHORPE3
£90008/240.37 mi-3
£75003/250.45 mi-3
£75012/240.47 miFotherby Road, Scunthorpe3
£97512/240.54 mi-3
£75012/240.59 mi-3
£75011/240.59 mi-3
£79511/240.59 mi-3
£69512/230.61 mi-3
£99003/250.65 mi-3
£90002/250.65 mi-3
£90012/240.66 miWest Common Gardens, Scunthorpe3
£95003/250.67 mi-3
£85012/240.7 mi-3
£65004/240.71 miVictoria Road, Scunthorpe3
£49511/230.71 mi-3
£94512/240.71 mi-3
£78012/240.72 mi-3
£80001/250.72 mi-3
£90003/250.73 mi-3
£57503/240.75 miLindley Street, Scunthorpe3
£85001/250.76 mi-3
£80003/250.81 mi-3
£85009/230.86 mi-3
£82501/250.9 mi-3
£79504/250.96 mi-3
£67503/241.06 miPowells Crescent, Scunthorpe3
£63503/241.08 miCherry Grove, Scunthorpe3
£1,30003/241.16 miSeabrook Drive, Scunthorpe3
£1,20004/241.16 miSeabrook Drive, Scunthorpe3
£94012/241.17 miAppledore Crescent, Scunthorpe, DN173
£97503/251.19 mi-3

Links

Local Area Statistics

Population in DN17

37,168

Population in Scunthorpe

105,498

Town centre distance

1.38 miles away

Nearest school

0.40 miles away

Nearest train station

1.60 miles away

 

 

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £115,000

November 15, 2024

Description

  • No Onward Chain +
  • Investment Oppurtunity +
  • Close to Local Shops +
  • Three Bedrooms +
  • Two Reception Rooms +
  • Large Private Garden +
  • Gas Central Heating +
  • Council Tax Band A +
  • UPVC Double Glazed +

This spacious, larger-than-average property offers endless potential with a full cosmetic renovation required, allowing you to truly make it your own. Boasting three generous bedrooms and two reception rooms, this home is perfect for those looking to create their dream space or maximize rental returns. Situated in a prime location, it’s a fantastic chance to add value and capitalize on the area’s growing demand. Whether you're looking to invest or buy your first home, this property is packed with promise! EPC rating: D. Tenure: Freehold,

Agent Details

Lovelle Estate Agency, Scunthorpe

01724 706844

Next Steps?

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

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