5 Bed Detached House, Refurb/BRRR, Scunthorpe, DN17 4NX, £395,000
Kesteven Grove, Crowle, DN17 4NX - 4 months ago
Refurb/BRRR
~178 m²





+2 photos
ValuationOvervalued
Sold Prices | £188K - £385K |
Sold Prices/m² | £1.3K/m² - £2.5K/m² |
| |
Square Metres | ~178.28 m² |
Price/m² | £2.2K/m² |
Value Estimate | £367,957 |
| |
End Value (After Refurb) | £349,812 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £98,750 |
Stamp Duty & Legal Fees | £20,300 |
Refurb Costs | £70,656 |
Bridging Loan Interest | £10,369 |
Total Cash In | £201,825 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £349,812 |
Mortgage (After Refinance) | £262,359 |
Mortgage LTV | 75% |
Cash Left In | £201,825 |
Equity | £87,453 |
Rent Range | £425 - £900 |
Rent Estimate | £579 |
Running Costs/mo | £1,229 |
Cashflow/mo | £-650 |
Cashflow/yr | £-7,800 |
Gross Yield | 2% |
Local Sold Prices
20 sold prices from £188K to £385K, average is £255K. £1.3K/m² to £2.5K/m², average is £2.1K/m².
Local Rents
15 rents from £425/mo to £900/mo, average is £750/mo.
Local Area Statistics
Population in DN17 | 37,168 |
Population in Scunthorpe | 105,498 |
Town centre distance | 7.33 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 1.30 miles away |
| |
Rental growth (12m) | +56% |
Sales demand | Balanced market |
Capital growth (5yrs) | +23% |
Property History
Listed for £395,000
November 27, 2024
Floor Plans

Description
Similar Properties
Like this property? Maybe you'll like these ones close by too.