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.

PriceDateDistanceAddressBeds 
£269.9K06/210.05 mi77, Lindsey Drive, Crowle, Scunthorpe, North Lincolnshire DN17 4NT4
£235K01/210.05 mi41, Lindsey Drive, Crowle, Scunthorpe, North Lincolnshire DN17 4NT4
£240K04/210.09 mi11, Holland Avenue, Crowle, Scunthorpe, North Lincolnshire DN17 4BD4
£188K05/230.35 mi7, Cross Street, Crowle, Scunthorpe, North Lincolnshire DN17 4LJ4
£240K03/210.35 mi120, High Street, Crowle, Scunthorpe, North Lincolnshire DN17 4DR4
£305K11/200.4 mi7, Isle Close, Crowle, Scunthorpe, North Lincolnshire DN17 4NR4
£350K09/210.4 mi17, Isle Close, Crowle, Scunthorpe, North Lincolnshire DN17 4NR4
£275K12/200.45 mi9, Godnow Road, Crowle, Scunthorpe, North Lincolnshire DN17 4DU4
£272.5K09/210.5 mi17, Mulberry Drive, Crowle, Scunthorpe, North Lincolnshire DN17 4JF4
£346K12/220.5 mi22, Mulberry Drive, Crowle, Scunthorpe, North Lincolnshire DN17 4JF4
£232.5K07/210.52 mi18, Maple Avenue, Crowle, Scunthorpe, North Lincolnshire DN17 4ED4
£230K02/210.52 mi26, Maple Avenue, Crowle, Scunthorpe, North Lincolnshire DN17 4ED4
£240K12/200.52 mi47, Maple Avenue, Crowle, Scunthorpe, North Lincolnshire DN17 4ED4
£234K03/210.52 mi29, Maple Avenue, Crowle, Scunthorpe, North Lincolnshire DN17 4ED4
£385K06/230.53 miCarman House, Commonside, Crowle, Scunthorpe, North Lincolnshire DN17 4EX4
£200K08/230.57 mi78, Windsor Road, Crowle, Scunthorpe, North Lincolnshire DN17 4EF4
£360K12/200.82 mi52, Outgate, Ealand, Scunthorpe, North Lincolnshire DN17 4JD4
£350K02/230.99 mi17, Kings Croft, Ealand, Scunthorpe, North Lincolnshire DN17 4GA4
£339.9K02/211.01 mi284, Wharf Road, Ealand, Scunthorpe, North Lincolnshire DN17 4JN4
£220K04/231.01 mi278, Wharf Road, Ealand, Scunthorpe, North Lincolnshire DN17 4JN4

Local Rents

15 rents from £425/mo to £900/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£52512/240.27 miFieldside, Crowle1
£42504/250.31 mi-1
£47502/240.32 mi-1
£47502/240.32 mi-1
£47507/240.32 mi-1
£43011/230.33 mi-1
£80010/240.35 mi-3
£80003/250.35 mi-3
£77505/240.37 mi-2
£90009/240.37 mi-3
£75012/240.37 mi-3
£62512/240.4 miHolme Stead Court, Crowle2
£90004/250.41 mi-3
£85003/250.49 mi-3
£85008/241.09 mi-3

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

  • Large Detached Family Home +
  • Seven Reception Rooms +
  • Large Rear Garden +
  • Situated in a Quiet Cul-de-Sac +
  • Five Double Bedrooms +

Walshe's Property proudly offers this large five bedroomed detached family home in the sought after market town of Crowle. Situated in a quiet cul-de-sac and offering ample living space, this property would be ideal for a growing family.

Internally, on the ground floor, the property has seven reception rooms which consist of, a spacious front lounge, office, library, rear lounge, a large room which is currently being used as a craft room and an orangery to the rear.
There is also the kitchen/diner, utility, downstairs WC, cloakroom and the fifth double bedroom with en-suite.

On the first floor, there are four further double bedrooms, the master of which has a walk in wardrobe and en-suite, and finally the main family bathroom.

Externally, the property boasts a large rear garden which is mainly laid with lawn, a detached double garage with store, and off-road parking to the front.

Please note the property does require modernisation and further internal photographs will follow shortly.

For any further information, please contact the office.

Agent Details

Walshe's Property, Scunthorpe

01724 514341

Next Steps?

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