3 Bed Semi-Detached House, Refurb/BRRR, Scunthorpe, DN17 1TL, £195,000

Plymouth Road, Scunthorpe, DN17 1TL - 3 months ago

Refurb/BRRR
ROI: 1%
~93 m²
+13 photos

ValuationOvervalued

Sold Prices£70K - £270K
Sold Prices/m²£761/m² - £2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.1K/m²

Value Estimate

£115,598

 

 

End Value (After Refurb)

£186,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£36,857

Bridging Loan Interest

£5,119

Total Cash In

£99,676

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£186,750

Mortgage (After Refinance)

£140,063

Mortgage LTV

75%

Cash Left In

£99,676

Equity

£46,688

Rent Range

£495 - £1,200

Rent Estimate

£819

Running Costs/mo

£767

Cashflow/mo

£52

Cashflow/yr

£619

ROI

1%

Gross Yield

5%

Local Sold Prices

51 sold prices from £70K to £270K, average is £122K. £761/m² to £2K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£126.5K10/200.01 mi56, Plymouth Road, Scunthorpe, North Lincolnshire DN17 1TL3
£140K12/210.01 mi68, Plymouth Road, Scunthorpe, North Lincolnshire DN17 1TL3
£146.5K03/230.02 mi22, Plymouth Road, Scunthorpe, North Lincolnshire DN17 1TL3
£135K05/210.05 mi3, Bodmin Close, Scunthorpe, North Lincolnshire DN17 1TW3
£165K12/200.09 mi9, Oakford Close, Scunthorpe, North Lincolnshire DN17 1XB3
£192K05/230.09 mi9, Oakford Close, Scunthorpe, North Lincolnshire DN17 1XB3
£125K01/210.12 mi19, Mendip Road, Scunthorpe, Humberside DN17 1TN3
£148.5K11/210.12 mi7, Mendip Road, Scunthorpe, North Lincolnshire DN17 1TN3
£185K09/210.23 mi6, Staniwell Rise, Scunthorpe, North Lincolnshire DN17 1TF3
£229K04/210.24 mi69, Weymouth Crescent, Scunthorpe, North Lincolnshire DN17 1TU3
£100K03/230.26 mi14, Hindon Walk, Scunthorpe, North Lincolnshire DN17 1UF3
£163K08/210.27 mi19, Weymouth Crescent, Scunthorpe, North Lincolnshire DN17 1TU3
£136.5K12/200.3 mi142, Plymouth Road, Scunthorpe, North Lincolnshire DN17 1TT3
£80K11/200.32 mi5, Cowper Avenue, Scunthorpe, North Lincolnshire DN17 1PB3
£140K03/230.32 mi19, Cowper Avenue, Scunthorpe, North Lincolnshire DN17 1PB3
£83K06/230.32 mi15, Cowper Avenue, Scunthorpe, North Lincolnshire DN17 1PB3
£90K06/230.36 mi63, Salisbury Close, Scunthorpe, North Lincolnshire DN17 1PY3
£90K09/230.36 mi65, Salisbury Close, Scunthorpe, North Lincolnshire DN17 1PY3
£115K01/210.37 mi12, Coleridge Avenue, Scunthorpe, North Lincolnshire DN17 1NY3
£120K08/210.37 mi14, Coleridge Avenue, Scunthorpe, North Lincolnshire DN17 1NY3
£85K09/210.37 mi46, Salisbury Close, Scunthorpe, North Lincolnshire DN17 1PZ3
£102K10/220.41 mi60, Rochester Close, Scunthorpe, North Lincolnshire DN17 1QB3
£109K03/230.41 mi22, Herrick Road, Scunthorpe, North Lincolnshire DN17 1NW3
£80K06/210.44 mi46, Coventry Close, Scunthorpe, North Lincolnshire DN17 1QN3
£95K04/230.44 mi21, Coventry Close, Scunthorpe, North Lincolnshire DN17 1QW3
£127.5K12/200.45 mi70, Glover Road, Scunthorpe, North Lincolnshire DN17 1AS3
£185K05/210.45 mi34, Glover Road, Scunthorpe, North Lincolnshire DN17 1AS3
£205K08/230.45 mi12, Glover Road, Scunthorpe, North Lincolnshire DN17 1AS3
£108K10/210.45 mi30, Dryden Road, Scunthorpe, North Lincolnshire DN17 1PQ3
£94K10/200.45 mi65, Coventry Close, Scunthorpe, North Lincolnshire DN17 1QW3
£211K03/230.45 mi60, Glover Road, Scunthorpe, North Lincolnshire DN17 1AS3
£87.5K04/210.46 mi17, Bridges Road, Scunthorpe, North Lincolnshire DN17 1NP3
£100K04/210.46 mi23, Bridges Road, Scunthorpe, North Lincolnshire DN17 1NP3
£89K04/210.46 mi62, Bridges Road, Scunthorpe, North Lincolnshire DN17 1NP3
£122K07/230.46 mi17, Bridges Road, Scunthorpe, North Lincolnshire DN17 1NP3
£122K07/230.46 mi17, Bridges Road, Scunthorpe, North Lincolnshire DN17 1NP3
£93K06/210.46 mi63, St Albans Close, Scunthorpe, North Lincolnshire DN17 1QZ3
£190K02/230.47 mi41, Glover Road, Scunthorpe, North Lincolnshire DN17 1AU3
£215K05/230.47 mi51, Glover Road, Scunthorpe, North Lincolnshire DN17 1AU3
£105K11/220.5 mi42, Ripon Close, Scunthorpe, North Lincolnshire DN17 1SE3
£116.5K09/210.51 mi11, Hardy Road, Scunthorpe, North Lincolnshire DN17 1PJ3
£134K08/230.51 mi13, Chaucer Avenue, Scunthorpe, North Lincolnshire DN17 1PH3
£78K10/200.52 mi57, Lichfield Avenue, Scunthorpe, North Lincolnshire DN17 1QX3
£70K03/210.53 mi97, Dryden Road, Scunthorpe, North Lincolnshire DN17 1PR3
£186K11/200.53 mi9, Hamilton Road, Scunthorpe, North Lincolnshire DN17 1BD3
£105K02/230.54 mi20, Marlowe Road, Scunthorpe, North Lincolnshire DN17 1QP3
£270K03/210.54 mi35, Kingsway, Scunthorpe, North Lincolnshire DN17 1BJ3
£142.5K12/200.56 mi114, Church Lane, Scunthorpe, North Lincolnshire DN15 7HD3
£165K01/210.57 mi78, Peveril Avenue, Scunthorpe, North Lincolnshire DN17 1BE3
£162.5K01/210.58 mi55, Peveril Avenue, Scunthorpe, North Lincolnshire DN17 1BG3
£92.5K10/200.58 mi13, Scott Avenue, Scunthorpe, North Lincolnshire DN17 1QR3

Local Rents

42 rents from £495/mo to £1.2K/mo, average is £813/mo.

RentDateDistanceAddressBeds 
£94012/240.24 miAppledore Crescent, Scunthorpe, DN173
£75012/240.54 mi-3
£75011/240.54 mi-3
£79511/240.54 mi-3
£85012/240.55 mi-3
£1,20002/240.57 mi-3
£1,00004/240.6 mi-3
£1,15003/250.6 mi-3
£1,00003/240.6 miChurch Lane, Scunthorpe, DN153
£85002/240.62 mi-3
£85001/250.62 mi-3
£76011/230.63 mi-3
£57605/240.67 miChurch Lane, Scunthorpe, DN157HB3
£80003/250.68 mi-3
£97512/240.72 mi-3
£80001/250.73 mi-3
£82505/240.75 miScotter Road, SCUNTHORPE3
£75012/240.77 miDean Road, SCUNTHORPE3
£78001/240.8 mi-3
£78001/240.8 mi-3
£70004/240.8 mi-3
£92504/240.83 miVicarage Gardens, Scunthorpe3
£92504/240.83 miVicarage Gardens, Scunthorpe3
£75004/230.84 mi-3
£90012/240.84 miWest Common Gardens, Scunthorpe3
£85002/250.87 mi-3
£85001/240.88 mi-3
£1,00002/250.96 mi-3
£90004/250.96 mi-3
£85005/240.96 miExeter Road, Scunthorpe, DN153
£90002/250.99 mi-3
£67510/231.01 mi-3
£78012/241.01 mi-3
£80001/251.01 mi-3
£72504/231.05 mi-3
£85012/241.07 mi-3
£80012/241.13 mi-3
£62503/241.13 miAbercorn Street, SCUNTHORPE3
£69512/231.14 mi-3
£90008/241.16 mi-3
£65003/241.18 miRowland Road, Scunthorpe3
£49511/231.24 mi-3

Local Area Statistics

Population in DN17

37,168

Population in Scunthorpe

105,498

Town centre distance

1.04 miles away

Nearest school

0.20 miles away

Nearest train station

1.17 miles away

 

 

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Price changed to £195,000

March 4, 2025

Listed for £200,000

January 3, 2025

Sold for £105,000

2019

Sold for £46,000

1997

Floor Plans

Description

  • Immaculate 3/4 Bedroom Family Home +
  • Extensively Renovated Throughout +
  • NO ONWARD CHAIN +
  • Ideal Investment - Turn Key Home +
  • Detached Garage And Off-Road Parking +
  • Landscaped Rear Garden +
  • Book A Viewing 24/7 Via Purplebricks App/Website +
  • Central Heating And Double Glazing Throughou +

The Property
IMMACULATE 3/4 BEDROOM FAMILY HOME — EXTENSIVELY RENOVATED THROUGHOUT — NO ONWARD CHAIN — DETACHED GARAGE AND OFF-ROAD PARKING — AN ABSOLUTE MUST SEE!!

*Viewing is highly recommended - Book a viewing 24/7 via the PurpleBricks app/website*

A fantastic opportunity to own this immaculately presented and deceptively spacious 3/4 bedroom family home, situated in a highly popular residential area, and offered with NO ONWARD CHAIN!
Further benefitting from a recent extensive renovation and reconfiguration, future proofing the property with a brand new kitchen, bathroom, stairwell, and loft conversion - Making this wonderful property the ideal turn-key investment for first time buyers, growing families, and landlords alike.

Conveniently located with excellent transport links, within desirable school catchment, and with immediate access to all essential amenities and rural surroundings. Do not miss out on this one!

Tasteful decorated throughout, and professionally finished, the property comprises: Welcoming hallway, with brand new stairwell - Generous living room, with dual aspect windows and panelling - Spacious kitchen, boasting integrated appliances and central island/breakfast bar - Stylish family bathroom, fitted with a modern suite - 3 well proportioned double bedrooms - And a convenient loft conversion, with dual aspect Velux windows, offering flexibility as a potential 4th bedroom or office space.

Outside: To the rear, a private and secure landscaped garden with garage access (including pit). And to the front, and attractive approach through a low maintenance garden providing off-road parking for multiple vehicles.

*Book a viewing 24/7 via the PurpleBricks app/website*

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Doncaster

020 3840 3729

Next Steps?

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