4 Bed Terraced House, Refurb/BRRR, Scunthorpe, DN15 9SB, £115,000

Sowers Lane, Winterton, Scunthorpe, Lincolnshire, DN15 9SB - 5 views - 4 months ago

Auction

Refurb/BRRR

~129 m²

+10 photos

ValuationFair Value

Sold Prices	£127.5K - £357K
Sold Prices/m²	£1.3K/m² - £2.5K/m²

Square Metres	~129.26 m²
Price/m²	£890/m²
Value Estimate	£117,300£117,300

End Value (After Refurb)	£234,663£234,663
Uplift in Value	+104%+104%
You could potentially get back more cash than you put into this deal. All your cash out plus £432 extra. See the breakdown

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£28,750£28,750
Stamp Duty & Legal Fees	£4,650£4,650
Refurb Costs	£51,147£51,147
Bridging Loan Interest	£3,019£3,019
Total Cash In	£89,316£89,316

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£234,663£234,663
Agent Fees (1%)	£2,347£2,347
Bridging Loan	£86,250£86,250
Bridging Loan Interest	£3,019£3,019
Flip Profit	£56,751£56,751

Local Sold Prices

20 sold prices from £127.5K to £357K, average is £256.2K. £1.3K/m² to £2.5K/m², average is £1.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£127.5K	08/21	0.1 mi	1, Baker Drive, Winterton, Scunthorpe, North Lincolnshire DN15 9SE	£1,343	95	4	Semi-Detached House
£218K	01/21	0.12 mi	7, Boston Close, Winterton, Scunthorpe, North Lincolnshire DN15 9TQ	£1,690	129	4	Detached House
£170K	12/20	0.12 mi	21, Earlsgate, Winterton, Scunthorpe, Humberside DN15 9SS	£1,574	108	4	Semi-Detached House
£157.5K	03/23	0.16 mi	14, Earlsgate, Winterton, Scunthorpe, North Lincolnshire DN15 9XA	-	-	4	Detached House
£280K	01/23	0.17 mi	44, Henderson Way, Winterton, Scunthorpe, North Lincolnshire DN15 9SJ	-	-	4	Detached House
£200K	08/21	0.34 mi	11, Northlands Road, Winterton, Scunthorpe, North Lincolnshire DN15 9PZ	£2,273	88	4	Detached House
£200K	12/22	0.34 mi	23, Roxby Road, Winterton, Scunthorpe, North Lincolnshire DN15 9SX	-	-	4	Semi-Detached House
£157.4K	02/21	0.36 mi	18, Northlands Road, Winterton, Scunthorpe, North Lincolnshire DN15 9PY	£1,471	107	4	Semi-Detached House
£252.5K	05/21	0.53 mi	5, Burgon Crescent, Winterton, Scunthorpe, North Lincolnshire DN15 9GB	-	-	4	Detached House
£295K	01/21	0.54 mi	50, Northlands Road, Winterton, Scunthorpe, North Lincolnshire DN15 9UN	£1,341	220	4	Detached House
£337.5K	11/20	0.54 mi	27, Dale Park Avenue, Winterton, Scunthorpe, North Lincolnshire DN15 9UY	£1,671	202	4	Detached House
£325K	08/21	0.54 mi	11, Dale Park Avenue, Winterton, Scunthorpe, North Lincolnshire DN15 9UY	-	-	4	Detached House
£240.3K	07/21	0.62 mi	8, Marris Drive, Winterton, Scunthorpe, North Lincolnshire DN15 9UX	£2,053	117	4	Detached House
£259.9K	02/21	0.62 mi	2, Marris Drive, Winterton, Scunthorpe, North Lincolnshire DN15 9UX	-	-	4	Detached House
£269.9K	03/23	0.66 mi	24, Park Street, Winterton, Scunthorpe, North Lincolnshire DN15 9UA	£2,462	110	4	Detached House
£260K	08/21	0.66 mi	1, Mill House Lane, Winterton, Scunthorpe, North Lincolnshire DN15 9QP	£1,688	154	4	Detached House
£185K	12/20	0.66 mi	11, Mill House Lane, Winterton, Scunthorpe, North Lincolnshire DN15 9QP	-	-	4	Detached House
£275K	02/21	0.67 mi	84, North Street, Winterton, Scunthorpe, North East Lincolnshire DN15 9QN	£1,910	144	4	Detached House
£357K	06/21	0.67 mi	Harrisons Barn, North Street, Winterton, Scunthorpe, North Lincolnshire DN15 9QN	-	-	4	Detached House
£290K	09/22	0.84 mi	Hatikvah House, North Street, Roxby, Scunthorpe, North Lincolnshire DN15 0BL	£2,214	131	4	Detached House

Local Rents

6 rents from £482/mo to £750/mo, average is £660/mo.

Rent	Date	Distance	Address	Beds	Type
£600	03/24	0.2 mi	Low Street, Winterton	1	Flat
£482	04/24	0.25 mi	Fowler Court, Winterton	2	Bungalow
£620	03/24	0.25 mi	Boynton Crescent, Winterton	3	Detached House
£750	05/24	0.25 mi	Boynton Crescent, Scunthorpe	3	House
£700	03/24	0.26 mi	-	3	Semi-Detached House
£749	04/24	0.28 mi	-	3	Semi-Detached House

Local Area Statistics

Population in DN15	36,57636,576
Population in Scunthorpe	105,498105,498
Town centre distance	5.17 miles away5.17 miles away
Nearest school	0.50 miles away0.50 miles away
Nearest train station	4.96 miles away4.96 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

Listed for £115,000

December 5, 2024

Sold for £54,000

2002

Description

Being Sold via Secure Sale Online Bidding. Terms & Conditions Apply. +
Period Cottage +
Four Bedrooms +
Village Location +
Perfect Investment Opportunity +

Discover the charm of this delightful four-bedroom semi-detached cottage, a hidden gem with endless possibilities. Nestled amidst serene surroundings, this characterful home boasts a spacious, lush garden—perfect for outdoor gatherings and leisurely afternoons. Enjoy the convenience of off-street parking, ensuring easy access for you and your guests.

Step inside to find a cozy lounge, an inviting dining room, and a well-proportioned kitchen, each offering a unique blend of comfort and potential. The ground floor also features a conveniently located bathroom. Though the cottage requires some renovation, it presents a wonderful opportunity for the right buyer to infuse their own style and creativity, transforming it into a dream home.

With its picturesque setting and boundless potential, this charming cottage is more than just a house—it's the canvas for your next chapter.

Council Tax Band: C
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

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

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