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

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 |
| BMV | 3% |
| |
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.
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