5 Bed HMO, Scunthorpe, DN15 6PB, £165,000

Laneham Street, Scunthorpe, DN15 6PB - 2 views - 4 months ago

HMO
ROI: 25%
~170 m²
+7 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£9,450

Total Cash In

£50,700

 

 

Cash Out

 

Room Rate

£533

Gross Rent

£2,665

Running Costs/mo

£1,598

Cashflow/mo

£1,067

Cashflow/yr

£12,798

ROI

25%

Gross Yield

19%













Property History

Price changed to £165,000

March 24, 2025

Listed for £179,995

December 5, 2024

Floor Plans

Description

  • Price reduced to BMV for serious invetors +
  • 5 Bedroom HMO with en-suites +
  • Sold with no Chain +
  • Guaranteed Rental Income of £12,480 p/a +
  • EPC Rating C +
  • Excellent Investment opportunity +
  • Town Centre Location +
  • Private Car Park to Rear +
  • Buyer's Premium Applies +

Located on Laneham Street, this terraced house offers a lucrative opportunity for investors with its five bedrooms, each featuring an en-suite bathroom. The property's central location in Scunthorpe provides easy access to local amenities and transport links, making it an attractive choice for tenants. Sold with no chain, this house ensures a hassle-free buying process.

The property guarantees a rental income of £12,480 per annum, making it an excellent investment option. The private car park at the rear adds convenience and value to the offering. With an EPC Rating of C, the house promises energy efficiency alongside its impressive rental potential.

This property is priced below market value to attract serious investors looking for a high-return opportunity. A buyer's premium applies, adding to the urgency of securing this deal. Act now to take advantage of this investment opportunity in Scunthorpe's town centre.

*A buyer's premium of 1% + VAT, (subject to a minimum of £2995 + VAT) of the agreed sale fee applies to this property. 25% of the total fee (a minimum of £995 + VAT) must be paid to secure the property and the remainder is payable upon exchange of contracts. Terms and conditions apply, please see the 'Buyer's Premium' page on our website for more information.

Agent Details

BRH, Doncaster

01302 490712

Next Steps?

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