4 Bed Semi-Detached House, Refurb/BRRR, Scunthorpe, DN15 7SG, £140,000

Theodore Gardens, Scunthorpe, North Lincolnshire, DN15 7SG - 8 views - 3 months ago

Sold STC
Refurb/BRRR
Planning
ROI: 2%
~129 m²
+15 photos

ValuationUndervalued

Sold Prices£90K - £385K
Sold Prices/m²£752/m² - £3K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.1K/m²

Value Estimate

£144,200
BMV3%

 

 

End Value (After Refurb)

£140,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Refurb Costs

£51,147

Bridging Loan Interest

£3,675

Total Cash In

£96,972

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£140,000

Mortgage (After Refinance)

£105,000

Mortgage LTV

75%

Cash Left In

£96,972

Equity

£35,000

Rent Range

£100 - £995

Rent Estimate

£763

Running Costs/mo

£610

Cashflow/mo

£153

Cashflow/yr

£1,835

ROI

2%

Gross Yield

7%

Local Sold Prices

40 sold prices from £90K to £385K, average is £221.3K. £752/m² to £3K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£160K12/220.15 mi5, Henderson Crescent, Scunthorpe, North Lincolnshire DN15 7RR4
£158K08/230.21 mi1b, Spencer Avenue, Scunthorpe, North Lincolnshire DN15 7RY4
£260K12/220.35 mi14, Buckingham Avenue, Scunthorpe, North Lincolnshire DN15 8NP4
£150K03/230.38 mi22, Newborn Avenue, Scunthorpe, North Lincolnshire DN15 8JZ4
£170K04/210.42 mi35, Normanby Road, Scunthorpe, North Lincolnshire DN15 6AS4
£250K06/210.46 mi2, Avenue Vivian, Scunthorpe, North Lincolnshire DN15 8JE4
£187.5K04/230.47 mi31, Granville Road, Scunthorpe, North Lincolnshire DN15 8GS4
£196.5K10/200.48 mi57, Bedford Way, Scunthorpe, North Lincolnshire DN15 8GP4
£220K03/230.48 mi55, Bedford Way, Scunthorpe, North Lincolnshire DN15 8GP4
£385K05/210.71 mi7, Kingfisher Close, Scunthorpe, Humberside DN15 8EJ4
£225K02/210.82 mi2, Pavilion Gardens, Scunthorpe, Humberside DN17 1AW4
£270K02/230.84 mi30, Scotter Road, Scunthorpe, North Lincolnshire DN15 8DR4
£170K10/220.88 mi9, Woodlands Gardens, Scunthorpe, North Lincolnshire DN17 1BU4
£255K01/230.9 mi10, Russet Close, Scunthorpe, North Lincolnshire DN15 8YJ4
£162K04/210.91 mi19, Hartshead Avenue, Scunthorpe, North Lincolnshire DN15 8AG4
£172K03/210.92 mi28, Sedgewood Way, Scunthorpe, North Lincolnshire DN15 8TA4
£255K06/230.92 mi26, Sedgewood Way, Scunthorpe, North Lincolnshire DN15 8TA4
£275K06/210.92 mi18, Sedgewood Way, Scunthorpe, North Lincolnshire DN15 8TA4
£210K05/231 mi9, Neath Road, Scunthorpe, North Lincolnshire DN16 1LW4
£265K09/211.03 mi56, Sorrel Way, Scunthorpe, North Lincolnshire DN15 8PL4
£170K07/231.03 mi22, Sorrel Way, Scunthorpe, North Lincolnshire DN15 8PL4
£222.5K10/201.15 mi12, Juniper Close, Scunthorpe, North Lincolnshire DN15 8YN4
£235K07/211.16 mi110, Bushfield Road, Scunthorpe, North Lincolnshire DN16 1NA4
£240K03/211.16 mi102, Bushfield Road, Scunthorpe, Humberside DN16 1NA4
£260K10/211.18 mi17, Willowmead Close, Scunthorpe, North Lincolnshire DN15 8US4
£159.9K03/211.18 mi13, Fairmont Crescent, Scunthorpe, North Lincolnshire DN16 1EL4
£178K02/211.24 mi30, Lloyds Avenue, Scunthorpe, North Lincolnshire DN17 1BX4
£265K05/211.32 mi19, Queensway, Scunthorpe, North Lincolnshire DN16 2BZ4
£187K06/211.35 mi13, Hamilton Road, Scunthorpe, North Lincolnshire DN17 1BD4
£255.5K03/211.38 mi38, Weymouth Crescent, Scunthorpe, North Lincolnshire DN17 1TX4
£208K02/211.42 mi1, Bodmin Close, Scunthorpe, North Lincolnshire DN17 1TW4
£205K05/211.53 mi221, Ashby Road, Scunthorpe, North Lincolnshire DN16 2AA4
£270K11/221.59 mi153, Warwick Road, Scunthorpe, North Lincolnshire DN16 1HH4
£320K10/211.73 mi87, West Common Gardens, Scunthorpe, North Lincolnshire DN17 1EJ4
£345K08/231.73 mi85, West Common Gardens, Scunthorpe, North Lincolnshire DN17 1EJ4
£265K10/211.74 mi285, Ashby Road, Scunthorpe, North Lincolnshire DN16 2AB4
£100K08/231.78 mi2, Rochester Close, Scunthorpe, North Lincolnshire DN17 1QB4
£90K10/221.82 mi5, Coventry Close, Scunthorpe, North Lincolnshire DN17 1QW4
£265K01/211.88 mi81a, Priory Lane, Scunthorpe, North Lincolnshire DN17 1HD4
£105K02/211.97 mi69, Dryden Road, Scunthorpe, North Lincolnshire DN17 1PP4

Local Rents

30 rents from £100/mo to £995/mo, average is £798/mo.

RentDateDistanceAddressBeds 
£90001/250.12 mi-3
£90003/250.12 mi-3
£90004/250.12 mi-3
£90003/250.15 mi-3
£65012/240.19 mi-3
£51704/240.22 miBerkeley Street, Scunthorpe3
£97503/250.22 mi-3
£10003/250.29 mi-3
£72504/230.36 mi-3
£70008/230.38 mi-3
£72505/240.38 mi-3
£72505/240.38 miCrosby Avenue, Scunthorpe, DN153
£75001/240.38 mi-3
£75001/240.38 mi-3
£70012/240.38 mi-3
£85012/240.43 mi-3
£79512/230.43 mi-3
£80012/240.46 mi-3
£85001/240.5 mi-3
£90004/240.51 miGloucester Court, Scunthorpe3
£72512/230.51 mi-3
£70002/230.51 mi-3
£85005/240.52 miExeter Road, Scunthorpe, DN153
£80012/240.52 mi-3
£85002/250.53 mi-3
£99502/240.55 mi-4
£99502/240.55 mi-4
£75004/230.56 mi-3
£54511/230.57 mi-3
£82504/230.61 mi-3

Local Area Statistics

Population in DN15

36,576

Population in Scunthorpe

105,498

Town centre distance

0.97 miles away

Nearest school

0.10 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £140,000

December 23, 2024

Sold for £58,500

2001

Floor Plans

Description

  • NO ONWARD CHAIN +
  • Traditional Extended Semi-Detached House with Four Bedrooms +
  • Kitchen and Separate Dining Room +
  • Generous Dual Aspect Lounge/Diner +
  • Three-Piece Family Bathroom and Downstairs Cloakroom +
  • Substantial Enclosed Rear Garden +
  • Off-Road Parking and Two Garages +
  • Cul-de-Sac Position +
  • Popular Residential Location +
  • Ideal Purchase for FTB/Investor +

ARE YOU LOOKING FOR YOUR FIRST HOME OR AN INVESTMENT OPPORTUNITY??

An exciting opportunity awaits with this extended four-bedroom semi-detached family home, located on Theodore Gardens in Scunthorpe.

Offering a wealth of space and potential, the property features a generously sized lounge/diner, a well-proportioned fitted kitchen and separate dining room, and four bedrooms. Additionally, there is a small box room ideal for conversion into an en-suite/dressing room, adding further versatility to the layout. A three-piece family bathroom serves the household, while outside, the property benefits from a substantial rear garden. Completing the offering are two garages, providing ample storage and parking options.
This home offers excellent scope for modernisation, making it an exciting project for those looking to personalise and add value. Perfectly suited for first-time buyers, families, or investors, this property combines space, potential, and a convenient location to create a truly special opportunity.

Step Inside
The entrance door opens into a welcoming hallway, featuring stairs to the first floor and a convenient ground-floor cloakroom equipped with a hand wash basin and a low-level flush toilet. The hallway flows into a spacious dual-aspect lounge/diner that is enhanced by a bay window and a charming tiled open coal fireplace, adding warmth and character—perfect for family gatherings. Patio doors from the lounge provide seamless access to the garden, making it ideal for indoor-outdoor living. The hallway also leads to an ‘L’-shaped dining room and a substantial The vendor informs us that the following upgrades have been undertaken at the property…..kitchen, offering a practical layout with a range of wall-mounted and base cabinets, as well as a free-standing oven and hob. The kitchen provides access to both the front and rear of the property, ensuring ease of movement and functionality for everyday life.

The first-floor features four generously sized double bedrooms, each offering ample space and flexibility to suit a growing family. Additionally, there is a smaller room, ideal for conversion into a convenient en-suite or a stylish dressing room, enhancing the home's functionality. All bedrooms are served by a well-appointed three-piece bathroom, which includes a bath, a hand wash basin, and a W.C., providing practicality and comfort for the household.

Externally, the property is situated in a quiet cul-de-sac and benefits from off-road parking at the front, with access to two garages. One garage is suitable for parking a car, while the other provides valuable storage space. To the rear, the property boasts a substantial garden, predominantly laid to lawn, and featuring multiple fruit trees. This generous outdoor space offers excellent potential for further development or extension, subject to the necessary planning permissions. The garden is fully enclosed with timber fence panels, ensuring privacy and creating a peaceful outdoor retreat.

Location
Situated in a popular residential area, this property is within walking distance of a variety of local amenities, including supermarkets, independent retailers, and well-known nationwide stores. It is also conveniently located near local primary and secondary schools, with colleges easily accessible by public transport. The property benefits from proximity to a local bus service network, providing regular routes into Scunthorpe town centre. Additionally, it is within easy reach of the M180 motorway, ensuring straightforward access to surrounding areas, and is approximately a 30-minute drive from Humberside Airport, making travel convenient.

Agent Details

DDM Residential, Scunthorpe

01724 514335

Next Steps?

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