3 Bed Bungalow, Refurb/BRRR, Scunthorpe, DN15 8UT, £160,000

41 Blackthorn Close, Scunthorpe, DN15 8UT - 1 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 3%
66 m²
+8 photos

ValuationOvervalued

Sold Prices£78K - £327K
Sold Prices/m²£987/m² - £3.2K/m²

 

 

Square Metres

66 m²
Price/m²£2.4K/m²

Value Estimate

£112,549

 

 

End Value (After Refurb)

£140,556

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£26,116

Bridging Loan Interest

£4,200

Total Cash In

£78,066

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£140,556

Mortgage (After Refinance)

£105,417

Mortgage LTV

75%

Cash Left In

£78,066

Equity

£35,139

Rent Range

£675 - £1,000

Rent Estimate

£794

Running Costs/mo

£618

Cashflow/mo

£176

Cashflow/yr

£2,112

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £78K to £327K, average is £148.7K. £987/m² to £3.2K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£164K01/230.04 mi40, Blackthorn Close, Scunthorpe, North Lincolnshire DN15 8UT3
£195K11/220.04 mi15, Blackthorn Close, Scunthorpe, North Lincolnshire DN15 8UT3
£199.9K02/210.06 mi12, Willowmead Close, Scunthorpe, North Lincolnshire DN15 8US3
£187K06/210.06 mi23, Willowmead Close, Scunthorpe, North Lincolnshire DN15 8US3
£195K02/230.08 mi6, Juniper Close, Scunthorpe, North Lincolnshire DN15 8YN3
£177.5K03/210.08 mi9, Juniper Close, Scunthorpe, North Lincolnshire DN15 8YN3
£173K12/200.11 mi21, Briar Way, Scunthorpe, North Lincolnshire DN15 8UU3
£165K02/230.15 mi19, Speedwell Crescent, Scunthorpe, North Lincolnshire DN15 8UP3
£141.5K10/210.16 mi34, Sorrel Way, Scunthorpe, North Lincolnshire DN15 8PL3
£180K12/200.16 mi19, Sorrel Way, Scunthorpe, North Lincolnshire DN15 8PL3
£168K06/210.16 mi58, Sorrel Way, Scunthorpe, North Lincolnshire DN15 8PL3
£129.5K09/230.17 mi5, Avenswood Lane, Scunthorpe, North Lincolnshire DN15 8TB3
£135K05/210.24 mi29, Betony Close, Scunthorpe, North Lincolnshire DN15 8PP3
£265K02/210.29 mi3, Avenue Rouen, Scunthorpe, Humberside DN15 8ER3
£130.3K10/210.31 mi6, Luneburg Place, Scunthorpe, North Lincolnshire DN15 8XS3
£130K03/210.31 mi34, Luneburg Place, Scunthorpe, North Lincolnshire DN15 8XS3
£183K05/210.31 mi20, Luneburg Place, Scunthorpe, North Lincolnshire DN15 8XS3
£300K12/200.31 mi4, Avenue Lourdes, Scunthorpe, Humberside DN15 8EP3
£327K10/220.33 mi10, Linnet Close, Scunthorpe, North Lincolnshire DN15 8JD3
£175K05/210.38 mi5, Shelroy Close, Scunthorpe, North Lincolnshire DN15 8DZ3
£159.9K12/200.49 mi37, Scotter Road, Scunthorpe, North Lincolnshire DN15 8DX3
£157K08/230.49 mi45, Scotter Road, Scunthorpe, North Lincolnshire DN15 8DX3
£171K07/210.54 mi8, Lynton Close, Scunthorpe, North Lincolnshire DN15 8DJ3
£139.5K11/210.57 mi1, Holmfirth Road, Scunthorpe, North Lincolnshire DN15 8DW3
£149.9K04/210.61 mi92, Dewsbury Avenue, Scunthorpe, North Lincolnshire DN15 8DF3
£111K05/210.61 mi11, Denby Close, Scunthorpe, North Lincolnshire DN15 8BZ3
£133K04/210.61 mi17, Denby Close, Scunthorpe, North Lincolnshire DN15 8BZ3
£139.9K08/210.62 mi23, Holmfirth Road, Scunthorpe, North Lincolnshire DN15 8DN3
£100K11/200.63 mi24, Baildon Road, Scunthorpe, North Lincolnshire DN15 8DB3
£140K10/210.68 mi44, Hilltop Avenue, Scunthorpe, North Lincolnshire DN15 8LD3
£127K12/200.68 mi56, Hilltop Avenue, Scunthorpe, North Lincolnshire DN15 8LD3
£147.5K02/210.68 mi5, Hilltop Avenue, Scunthorpe, North Lincolnshire DN15 8LD3
£140K04/230.7 mi72, Dewsbury Avenue, Scunthorpe, North Lincolnshire DN15 8BP3
£174K12/220.72 mi6, Baildon Road, Scunthorpe, North Lincolnshire DN15 8BU3
£190K11/220.72 mi12, Herriot Walk, Scunthorpe, North Lincolnshire DN15 8EG3
£151K03/230.74 mi8, Mirfield Road, Scunthorpe, North Lincolnshire DN15 8AN3
£144.9K04/210.75 mi9, Stanley Road, Scunthorpe, North Lincolnshire DN15 8AR3
£135K04/210.79 mi41, Stanley Road, Scunthorpe, North Lincolnshire DN15 8AQ3
£127K02/210.8 mi30, Burn Road, Scunthorpe, North Lincolnshire DN15 8AX3
£134K06/210.81 mi68, Reginald Road, Scunthorpe, North Lincolnshire DN15 8PF3
£108.5K03/210.81 mi142, Hilton Avenue, Scunthorpe, North Lincolnshire DN15 8BG3
£78K03/210.81 mi94, Portman Road, Scunthorpe, North Lincolnshire DN15 8PE3
£139K04/230.81 mi36, Hempdyke Road, Scunthorpe, North Lincolnshire DN15 8LB3
£110K05/210.82 mi40, Lister Road, Scunthorpe, North Lincolnshire DN15 8AE3
£225K05/210.82 mi11, Hartshead Avenue, Scunthorpe, North Lincolnshire DN15 8AF3
£165K10/210.85 mi24, Marsden Drive, Scunthorpe, North Lincolnshire DN15 8AD3
£99K06/210.85 mi39, Newborn Avenue, Scunthorpe, North Lincolnshire DN15 8JZ3
£129.5K04/210.87 mi60, Collinson Avenue, Scunthorpe, North Lincolnshire DN15 8AB3
£126K11/210.87 mi8, Wilkie Close, Scunthorpe, North Lincolnshire DN15 8BH3
£183K03/230.88 mi67, Ferry Road, Scunthorpe, North Lincolnshire DN15 8LY3

Local Rents

26 rents from £675/mo to £1K/mo, average is £813/mo.

RentDateDistanceAddressBeds 
£82504/240.1 mi-3
£82505/240.1 mi-3
£72504/230.16 mi-3
£1,00002/250.16 mi-3
£67503/250.53 mi-3
£82504/230.62 mi-3
£80012/240.68 mi-3
£67510/230.81 mi-3
£79512/230.86 mi-3
£85012/240.94 mi-3
£70008/231.06 mi-3
£72505/241.06 mi-3
£72505/241.06 miCrosby Avenue, Scunthorpe, DN153
£97503/251.08 mi-3
£82505/241.08 miScotter Road, SCUNTHORPE3
£80001/251.11 mi-3
£90003/251.17 mi-3
£85002/251.17 mi-3
£70004/241.17 mi-3
£75004/231.19 mi-3
£90001/251.2 mi-3
£90003/251.2 mi-3
£90004/251.2 mi-3
£85001/241.2 mi-3
£72512/231.24 mi-3
£70002/231.24 mi-3

Local Area Statistics

Population in DN15

36,576

Population in Scunthorpe

105,498

Town centre distance

1.97 miles away

Nearest school

0.70 miles away

Nearest train station

1.85 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £160,000

December 26, 2024

Floor Plans

Description

  • IDEAL DOWNSIZE / INVESTMENT PROPERTY - REQUIRING RENOVATION THROUGHOUT +
  • BEING OFFERED with NO ONWARD CHAIN +
  • SPACIOUS INTERNALLY with LOW MAINTENANCE GARDEN +
  • GARAGE & OFF ROAD PARKING +

IDEAL DOWNSIZE / INVESTMENT PROPERTY - REQUIRING RENOVATION THROUGHOUT! BEING OFFERED with NO ONWARD CHAIN! SPACIOUS INTERNALLY with LOW MAINTENANCE GARDEN! GARAGE & OFF ROAD PARKING!

This ideal downsize property, which requires renovation throughout, briefly comprises; a generous lounge, fitted kitchen, handy conservatory to the rear, two double bedrooms, 3rd bedroom currently being used as a dining room and a bathroom. Externally the home benefits from grassed areas to the front and side - with the rear garden laid to lawn, with a patio seating area. In addition to this the property benefits from a gas central heating system and double glazing.
This attractive bungalow, which is being offered with no onward chain, is centrally located, close to local schools, amenities and transportation links. Also nearby there are retail parks - with a variety of shops and restaurants. Viewing advised!

Front - Attractive front of the home, with grassed areas to the front and side. There is also a driveway, offering off road parking, and a garage, sitting adjacent to the property.

Garden - Low maintenance garden to the rear, which is predominantly laid to lawn, with a patio seating area. The garden is surrounded with fencing, offering a degree of privacy to the area.

Lounge - 6.22m x 4.48m (20'4" x 14'8") - Generous lounge to the front of the home.

Kitchen - 2.39m x 2.78m (7'10" x 9'1") - Fitted kitchen, with ample wall and floor units for storage.

Bedroom 1 - 3.29m x 2.93m (10'9" x 9'7") - Double bedroom to the rear of the home, with fitted storage.

Bedroom 2 - 2.92m x 2.77m (9'6" x 9'1") - Second double bedroom.

Bedroom 3/ Dining Room - 3.22m x 2.32m (10'6" x 7'7") - 3rd Bedroom to the rear of the home, currently being used as a dining room.

Consveratory - 2.94m x 3.35m (9'7" x 10'11") -

Bathroom - 1.76m x 2.06m (5'9" x 6'9") -

Agent Details

Hunters, Scunthorpe

01724 706794

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.