3 Bed Semi-Detached House, Refurb/BRRR, Scunthorpe, DN15 0BE, £80,000

High Street, Dragonby, DN15 0BE - 4 views - 4 months ago

Sold STC
Refurb/BRRR
~93 m²
+6 photos

ValuationFair Value

Sold Prices£50K - £209K
Sold Prices/m²£568/m² - £2.3K/m²

 

 

Square Metres

~93 m²
Price/m²£860/m²

Value Estimate

£80,000

 

 

End Value (After Refurb)

£135,311

Uplift in Value

+69%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Refurb Costs

£36,800

Bridging Loan Interest

£2,100

Total Cash In

£64,250

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£135,311

Mortgage (After Refinance)

£101,483

Mortgage LTV

75%

Cash Released

£41,483

Cash Left In

£22,767

Equity

£33,828

Rent Range

£0 - £975

Rent Estimate

£586

Running Costs/mo

£560

Cashflow/mo

£26

Cashflow/yr

£311

ROI

0%

Gross Yield

9%

Local Sold Prices

50 sold prices from £50K to £209K, average is £117.8K. £568/m² to £2.3K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£165K10/211.18 mi8, Mitre Gardens, Scunthorpe, North Lincolnshire DN15 8GN3
£150K07/211.22 mi24, Gloucester Court, Scunthorpe, North Lincolnshire DN15 8GQ3
£124K08/211.25 mi5, Bedford Way, Scunthorpe, North Lincolnshire DN15 8GP3
£150K07/231.25 mi15, Bedford Way, Scunthorpe, North Lincolnshire DN15 8GP3
£131K03/211.25 mi45, Bedford Way, Scunthorpe, North Lincolnshire DN15 8GP3
£100K02/231.26 mi28, Granville Road, Scunthorpe, North Lincolnshire DN15 8GS3
£175K03/231.26 mi43, Granville Road, Scunthorpe, North Lincolnshire DN15 8GS3
£130K05/211.27 mi141, Connaught Road, Scunthorpe, North Lincolnshire DN15 8LF3
£135K01/231.29 mi40, Bedford Way, Scunthorpe, North Lincolnshire DN15 8GP3
£118K04/211.29 mi16, Regents Close, Scunthorpe, North Lincolnshire DN15 8GY3
£110K12/201.29 mi99, Buckingham Avenue, Scunthorpe, North Lincolnshire DN15 8NS3
£130K11/201.32 mi3, Russell Close, Scunthorpe, North Lincolnshire DN15 8GW3
£142K09/231.32 mi5, Russell Close, Scunthorpe, North Lincolnshire DN15 8GW3
£127K06/211.33 mi81, Bedford Way, Scunthorpe, North Lincolnshire DN15 8GF3
£179.9K12/221.36 mi8, Connaught Road, Scunthorpe, North Lincolnshire DN15 8GU3
£137K02/231.36 mi104, Crosby Avenue, Scunthorpe, North Lincolnshire DN15 8NX3
£163K08/211.42 mi1, Skippingdale Road, Scunthorpe, North Lincolnshire DN15 8NU3
£160K02/231.42 mi25, Skippingdale Road, Scunthorpe, North Lincolnshire DN15 8NU3
£125K03/231.42 mi37, Skippingdale Road, Scunthorpe, North Lincolnshire DN15 8NU3
£135K09/211.42 mi10, Buckingham Avenue, Scunthorpe, North Lincolnshire DN15 8NP3
£209K05/231.42 mi16, Buckingham Avenue, Scunthorpe, North Lincolnshire DN15 8NP3
£95K11/221.42 mi99, Diana Street, Scunthorpe, North Lincolnshire DN15 6AY3
£73.5K04/231.43 mi83, Diana Street, Scunthorpe, North Lincolnshire DN15 6AY3
£85K05/211.43 mi89, Diana Street, Scunthorpe, North Lincolnshire DN15 6AY3
£64.5K11/221.43 mi105, Diana Street, Scunthorpe, North Lincolnshire DN15 6AY3
£146K01/231.47 mi34, Portman Road, Scunthorpe, North Lincolnshire DN15 8PD3
£107.5K02/211.47 mi24, Portman Road, Scunthorpe, North Lincolnshire DN15 8PD3
£137K08/231.49 mi10, Crosby Avenue, Scunthorpe, North Lincolnshire DN15 8PB3
£66K12/201.49 mi54, Diana Street, Scunthorpe, North Lincolnshire DN15 6AX3
£140K11/211.5 mi11, Ferry Road, Scunthorpe, Humberside DN15 8QG3
£83K05/211.52 mi96, Burke Street, Scunthorpe, North Lincolnshire DN15 6DF3
£50K01/211.54 mi54, Mulgrave Street, Scunthorpe, North Lincolnshire DN15 6DQ3
£80K10/211.55 mi227, Frodingham Road, Scunthorpe, Humberside DN15 7NS3
£78K03/211.55 mi94, Portman Road, Scunthorpe, North Lincolnshire DN15 8PE3
£155K02/231.55 mi31, Ferry Road, Scunthorpe, North Lincolnshire DN15 8QF3
£50K05/211.57 mi36, Sheffield Street, Scunthorpe, North Lincolnshire DN15 6DL3
£50K05/211.57 mi4, George Street, Scunthorpe, North Lincolnshire DN15 6BG3
£130.6K06/211.58 mi31, Ferry Road, Scunthorpe, Humberside DN15 8QF3
£82K07/231.58 mi102, Dale Street, Scunthorpe, North Lincolnshire DN15 7LR3
£85K04/211.59 mi114, Spencer Avenue, Scunthorpe, North Lincolnshire DN15 7SD3
£95K11/221.59 mi51, Grosvenor Street, Scunthorpe, North Lincolnshire DN15 6BE3
£134K06/211.59 mi68, Reginald Road, Scunthorpe, North Lincolnshire DN15 8PF3
£71K01/211.6 mi96, Buckingham Street, Scunthorpe, North Lincolnshire DN15 7JQ3
£93K12/201.6 mi110, Buckingham Street, Scunthorpe, North Lincolnshire DN15 7JQ3
£82.5K07/231.6 mi98, Buckingham Street, Scunthorpe, North Lincolnshire DN15 7JQ3
£51K10/201.61 mi56, Sheffield Street, Scunthorpe, North Lincolnshire DN15 6DN3
£92.3K08/211.61 mi206, Frodingham Road, Scunthorpe, North Lincolnshire DN15 7NN3
£80K10/211.62 mi99, Buckingham Street, Scunthorpe, North Lincolnshire DN15 7JG3
£117.5K09/221.62 mi32, Wells Street, Scunthorpe, North Lincolnshire DN15 6HJ3
£70K07/231.62 mi6, Mulgrave Street, Scunthorpe, North Lincolnshire DN15 6DH3

Local Rents

52 rents

RentDateDistanceAddressBeds 
£90004/241.22 miGloucester Court, Scunthorpe3
£72512/231.23 mi-3
£70002/231.23 mi-3
£57503/241.27 miConnaught Road, Scunthorpe, Lincolnshire, DN152
£62504/241.27 miConnaught Road, Scunthorpe, Lincolnshire, DN152
£72501/251.27 mi-2
£62510/231.36 miCONNAUGHT ROAD, Scunthorpe2
£70008/231.42 mi-3
£72505/241.42 mi-3
£72505/241.42 miCrosby Avenue, Scunthorpe, DN153
£75001/241.42 mi-3
£75001/241.42 mi-3
£70012/241.42 mi-3
£52003/251.42 mi-1
£42005/241.5 mi-1
£62805/241.52 mi-2
£62801/251.52 mi-2
£62801/251.52 mi-2
£62405/241.52 miFrodingham Road, Scunthorpe, DN152
£62405/241.52 miFrodingham Road, Scunthorpe, DN152
£97503/251.54 mi-3
£45003/241.55 miDetuyll Street, Scunthorpe1
£79512/231.56 mi-3
£46705/241.57 miCrosby House Flats, Scunthorpe2
£90003/251.58 mi-3
£001/231.6 miElizabeth Row (Accommodation Block) Commercial development to lease in High Street, Scunthorpe, North Lincolnshire, DN1546
£90001/251.61 mi-3
£90003/251.61 mi-3
£90004/251.61 mi-3
£10003/251.62 mi-3
£49503/241.65 miDigby Street, Scunthorpe1
£55005/241.68 mi-2
£55012/241.68 mi-2
£55004/241.68 miFrodingham Road, Scunthorpe, DN152
£55004/241.68 miFrodingham Road, Scunthorpe, DN152
£55004/241.68 miFrodingham Road, Scunthorpe, DN152
£55005/241.68 miFrodingham Road, Scunthorpe, DN152
£65012/241.68 mi-3
£65005/241.71 miTeale Street, Scunthorpe2
£60003/241.73 miHigh Street, Scunthorpe2
£55004/241.73 mi110a High Street , Scunthorpe1
£49505/241.73 miHigh Street, Scunthorpe 1
£53012/241.75 mi-2
£60003/241.75 miWest Street, Scunthorpe2
£51704/241.8 miBerkeley Street, Scunthorpe3
£43905/241.8 miGreens Close, Scunthorpe1
£50003/241.81 miHenderson Avenue, SCUNTHORPE2
£61505/231.81 mi-1
£60004/241.81 mi-1
£67003/251.81 mi-1
£65004/251.81 mi-1
£43105/241.82 miWilsons Close, Scunthorpe1

Local Area Statistics

Population in DN15

36,576

Population in Scunthorpe

105,498

Town centre distance

2.37 miles away

Nearest school

1.30 miles away

Nearest train station

2.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £80,000

December 6, 2024

Floor Plans

Description

  • Semi Detached House +
  • 3 Bedrooms +
  • 2 Reception Rooms +
  • Downstairs WC & First Floor Bathroom +
  • 16ft4 Kitchen +
  • Off Street Parking +
  • Rear Garden +
  • Chain Free! +

Offered for sale with NO ONWARD CHAIN is this fantastic renovation project in the quiet village of Dragonby. The accommodation briefly comprises of 3 bedrooms and a bathroom to the first floor, whilst downstairs boasts an entrance hall, side entrance extension, lounge, separate dining room, kitchen and WC. Outside the property has off street parking to the front and a generously sized lawned garden to the rear. The property sits in a quiet location only a short drive away from neighbouring towns with plenty of essential amenities and transport links. A great opportunity for first time buyers, investors or anyone looking to add their own stamp to a property. Do not miss out, contact Starkey&Brown today to view! Freehold. Council tax band: A

Agent Details

Starkey & Brown, Scunthorpe

01724 706802

Next Steps?

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