2 Bed Terraced House, Single Let, Scunthorpe, DN17 3BS, £119,950

Station Road, Keadby, Scunthorpe, Lincolnshire, DN17 3BS - 2 views - 3 months ago

Sold STC
BTL
ROI: 3%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£40K - £212.5K
Sold Prices/m²£597/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£134,356
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£29,988

Stamp Duty & Legal Fees

£4,799

Total Cash In

£34,786

 

 

Cash Out

 

Rent Range

£415 - £940

Rent Estimate

£600

Running Costs/mo

£515

Cashflow/mo

£85

Cashflow/yr

£1,022

ROI

3%

Gross Yield

6%

Local Sold Prices

45 sold prices from £40K to £212.5K, average is £120K. £597/m² to £2.8K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£56.5K07/210.06 mi43, Station Road, Keadby, Scunthorpe, North Lincolnshire DN17 3BT2
£110K01/230.14 mi25, Old School Lane, Keadby, Scunthorpe, North Lincolnshire DN17 3BD2
£110K07/230.14 mi35, George Street, Keadby, Scunthorpe, North Lincolnshire DN17 3DB2
£110K07/230.14 mi35, George Street, Keadby, Scunthorpe, North Lincolnshire DN17 3DB2
£96K10/220.25 mi133, Station Road, Keadby, Scunthorpe, North Lincolnshire DN17 3BP2
£110K09/220.25 mi131, Station Road, Keadby, Scunthorpe, North Lincolnshire DN17 3BP2
£109.5K09/220.45 mi42, Station Road, Gunness, Scunthorpe, North Lincolnshire DN15 8TH2
£40K11/200.68 mi32, Chapel Lane, Keadby, Scunthorpe, North Lincolnshire DN17 3EL2
£107.5K08/230.73 mi13, Willow Grove, Keadby, Scunthorpe, North Lincolnshire DN17 3ET2
£107.5K08/230.73 mi13, Willow Grove, Keadby, Scunthorpe, North Lincolnshire DN17 3ET2
£125K10/220.87 mi27, Hadleigh Green, Burringham, Scunthorpe, North Lincolnshire DN17 3NJ2
£135K05/230.87 mi23, Hadleigh Green, Burringham, Scunthorpe, North Lincolnshire DN17 3NJ2
£128K08/230.87 mi17, Hadleigh Green, Burringham, Scunthorpe, North Lincolnshire DN17 3NJ2
£98K03/210.94 mi16, Pasture Avenue, Burringham, Scunthorpe, North Lincolnshire DN17 3NF2
£186K01/230.98 mi4, The Meadows, Burringham, Scunthorpe, North Lincolnshire DN17 3LW2
£111K05/211.92 mi25, Chesterfield Road, Scunthorpe, North Lincolnshire DN15 7UP2
£105K07/232.01 mi6, Kelsey Avenue, Scunthorpe, North Lincolnshire DN15 8BW2
£115K03/212.01 mi2, Kelsey Avenue, Scunthorpe, North Lincolnshire DN15 8BW2
£112K07/212.03 mi32, Deacon Drive, Scunthorpe, North Lincolnshire DN15 7EY2
£96.5K04/212.21 mi8, Herriot Walk, Scunthorpe, North Lincolnshire DN15 8EG2
£167.5K01/232.34 mi107, Ferry Road West, Scunthorpe, North Lincolnshire DN15 8UG2
£143K03/232.37 mi61, Dewsbury Avenue, Scunthorpe, North Lincolnshire DN15 8AW2
£150K08/212.37 mi55, Dewsbury Avenue, Scunthorpe, North Lincolnshire DN15 8AW2
£210K07/232.37 mi28, Scotter Road, Scunthorpe, North Lincolnshire DN15 8DR2
£145K10/202.38 mi140, Ferry Road West, Scunthorpe, North Lincolnshire DN15 8UQ2
£178K07/232.42 mi9, Blackthorn Close, Scunthorpe, North Lincolnshire DN15 8UT2
£120K07/232.48 mi24, Speedwell Crescent, Scunthorpe, North Lincolnshire DN15 8UR2
£144K07/232.5 mi8, Briar Way, Scunthorpe, North Lincolnshire DN15 8UU2
£115K08/232.51 mi22, Heron Close, Scunthorpe, North Lincolnshire DN15 8UZ2
£212.5K08/232.51 mi44, Charles Lovell Way, Scunthorpe, North Lincolnshire DN17 1YL2
£126K11/202.52 mi7, Lynton Close, Scunthorpe, North Lincolnshire DN15 8DJ2
£136.5K04/232.55 mi19, Avenswood Lane, Scunthorpe, North Lincolnshire DN15 8TB2
£170K09/212.55 mi18, Avenswood Lane, Scunthorpe, North Lincolnshire DN15 8TB2
£130K07/232.56 mi47, Sorrel Way, Scunthorpe, North Lincolnshire DN15 8PL2
£125K08/212.56 mi18, Sorrel Way, Scunthorpe, North Lincolnshire DN15 8PL2
£115K03/212.58 mi6, Fletcher Close, Flixborough, Scunthorpe, North Lincolnshire DN15 8XJ2
£101K11/202.58 mi18, Primrose Way, Scunthorpe, Humberside DN15 8XQ2
£116K02/232.58 mi53, Plymouth Road, Scunthorpe, North Lincolnshire DN17 1SH2
£134K03/212.6 mi76, Plymouth Road, Scunthorpe, North Lincolnshire DN17 1TL2
£165K04/232.6 mi74, Plymouth Road, Scunthorpe, North Lincolnshire DN17 1TL2
£96K03/232.66 mi13, The Chequers, Scunthorpe, North Lincolnshire DN15 8YG2
£100K02/232.77 mi5, Byfield Road, Scunthorpe, North Lincolnshire DN17 1RW2
£130K06/212.81 mi26, Whitfield Road, Scunthorpe, Humberside DN17 1RQ2
£135K09/232.81 mi30, Whitfield Road, Scunthorpe, North Lincolnshire DN17 1RQ2
£132K08/212.98 mi236, Burringham Road, Scunthorpe, North Lincolnshire DN17 2BH2

Local Rents

10 rents from £415/mo to £940/mo, average is £713/mo.

RentDateDistanceAddressBeds 
£60004/240.51 miStation Road, Gunness2
£41503/240.61 miOld Village Street, Gunness1
£70004/241.98 mi-3
£82505/242.17 miScotter Road, SCUNTHORPE3
£67510/232.18 mi-3
£67503/252.38 mi-3
£94012/242.41 miAppledore Crescent, Scunthorpe, DN173
£82504/242.44 mi-3
£82505/242.44 mi-3
£72504/232.48 mi-3

Local Area Statistics

Population in DN17

37,168

Population in Scunthorpe

105,498

Town centre distance

3.51 miles away

Nearest school

2.80 miles away

Nearest train station

0.24 miles away

 

 

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £119,950

January 3, 2025

Sold for £67,000

2005

Floor Plans

Description

  • TWO SELF-CONTAINED ONE BEDROOM FLATS +
  • EXCELLENT INVESTOR OPPORTUNITY +
  • POTENTIAL COMBINED RENT: £1100 AT 11.4% YIELD +
  • CENTRAL VILLAGE LOCATION +
  • CLOSE TO AN EXCELLENT RANGE OF LOCAL AMENITIES & TRANSPORT LINKS +
  • WELL PROPORTIONED & FLEXIBLE ACCOMMODATION +
  • LOW MAINTENANCE GARDENS +
  • OFF STREET PARKING +
  • VIEW VIA OUR SCUNTHORPE OFFICE +

FANTASTIC INVESTMENT OPPORTUNITY NO UPWARD CHAIN CLOSE TO LOCAL AMENITIES An excellent opportunity for an investor to purchase a traditional mid-terrace house that has been converted into 2 independent flats, offering flexibile accommodation and potential for investment. Each flat provides a modern Alpha gas central heating combi boiler, full uPVC double glazing, and secure access, ensuring comfort and safety for potenial tenants. Externally, the property offers low maintenance gardens and ample off-road parking with double secure gated access to Chesswick Avenue. The ground floor flat comprises of a double bedroom, spacious central lounge, open-concept kitchen with dining area, three piece bathroom suite and access to rear off-road parking. The first floor flat, accessed via secure locked internal doors, includes a double bedroom, lounge, kitchen, and three-piece bathroom. Located on Keadby's main high street, the property offers easy access to local amenities, including public transportation, schools, medical facilities, and the train station. Just a short drive away are the national motorway service and Scunthorpe's Gallagher retail park, providing access to major supermarkets and retail outlets. Viewing comes highly recommended via our Scunthorpe office. Council Tax Bands: A, EPC Rating: D.

Agent Details

Paul Fox, Scunthorpe

01724 514340

Next Steps?

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