5 Bed HMO, Scunthorpe, DN15 6PB £159,995

Laneham Street, Scunthorpe, DN15 6PB - 5 views - a year ago
HMO
Cash
Outside Article 4
ROI: 7%
~170 m²
Property image

ValuationUndervalued

Sold Prices£170K - £345K
Sold Prices/m²£1.1K/m² - £2.5K/m²

 

 

Square Metres

~170 m²
Price/m²£941/m²

Value Estimate

£164,795
BMV3%

 

 

End Value (After Refurb)

£207,864

Uplift in Value

+30%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£39,999

Stamp Duty & Legal Fees

£9,900

Refurb Costs

£73,849

Bridging Loan Interest

£4,200

Total Cash In

£129,698

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£207,864

Mortgage (After Refinance)

£155,898

Mortgage LTV

75%

Cash Released

£35,902

Cash Left In

£93,796

Equity

£51,966

Room Rate

£503

Gross Rent

£2,515

Running Costs/mo

£1,713

Cashflow/mo

£802

Cashflow/yr

£9,626

ROI

7%

Gross Yield

19%

Local Sold Prices

11 sold prices from £170K to £345K, average is £285K. £1.1K/m² to £2.5K/m², average is £1.7K/m².

Price
Date
Distance
Address
Beds
 
£330K06/231.24 mi4, Westcliff Gardens, Scunthorpe, North Lincolnshire DN17 1DT5
£295K11/221.35 mi34, Chiltern Crescent, Scunthorpe, North Lincolnshire DN17 1TJ5
£250K11/241.53 mi5, Kensington Road, Scunthorpe DN15 8BQ5
£225K12/241.59 mi3, Roman Way, Scunthorpe DN17 2FD5
£315K03/231.77 mi10, Juniper Close, Scunthorpe, North Lincolnshire DN15 8YN5
£170K11/211.85 mi23, Dryden Road, Scunthorpe, North Lincolnshire DN17 1PW5
£235K02/251.92 mi9, Whitfield Road, Scunthorpe DN17 1RQ5
£190K12/222.36 mi9, Whimbrel Chase, Scunthorpe, North Lincolnshire DN16 3WJ5
£285K11/242.69 mi11, Catkin Road, Scunthorpe DN16 3WB5
£345K04/252.77 mi54, Baldwin Avenue, Scunthorpe DN16 3TF5
£345K04/252.77 mi54, Baldwin Avenue, Scunthorpe DN16 3TF5

Local Area Statistics

Population in DN15

36,589

Population in Scunthorpe

105,498

Town centre distance

0.41 miles away

Nearest school

0.30 miles away

Nearest train station

0.18 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+20%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Price changed to £159,995

May 15, 2025

Price changed to £165,000

March 24, 2025

Listed for £179,995

December 5, 2024

Floor Plans

Property image

Description

  • Cash Purchasers ONLY +
  • 5 Bedroom HMO with en-suites +
  • Sold with Tenants In Situ +
  • 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 +

*CASH PURCHASERS ONLY*

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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