3 Bed Bungalow, Refurb/BRRR, Scunthorpe, DN15 8EQ, £285,000

38 Avenue Clamart, Scunthorpe, DN15 8EQ - 2 views - 2 months ago

Sold STC
Refurb/BRRR
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£66K - £327K
Sold Prices/m²£834/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£3.1K/m²

Value Estimate

£156,020

 

 

End Value (After Refurb)

£260,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£71,250

Stamp Duty & Legal Fees

£11,500

Refurb Costs

£36,800

Bridging Loan Interest

£7,481

Total Cash In

£128,781

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£260,000

Mortgage (After Refinance)

£195,000

Mortgage LTV

75%

Cash Left In

£128,781

Equity

£65,000

Rent Range

£100 - £1,200

Rent Estimate

£809

Running Costs/mo

£994

Cashflow/mo

£-185

Cashflow/yr

£-2,224

Gross Yield

3%

Local Sold Prices

50 sold prices from £66K to £327K, average is £146.8K. £834/m² to £3.2K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£327K10/220.02 mi10, Linnet Close, Scunthorpe, North Lincolnshire DN15 8JD3
£265K02/210.09 mi3, Avenue Rouen, Scunthorpe, Humberside DN15 8ER3
£300K12/200.12 mi4, Avenue Lourdes, Scunthorpe, Humberside DN15 8EP3
£129.5K09/230.17 mi5, Avenswood Lane, Scunthorpe, North Lincolnshire DN15 8TB3
£135K05/210.17 mi29, Betony Close, Scunthorpe, North Lincolnshire DN15 8PP3
£165K02/230.19 mi19, Speedwell Crescent, Scunthorpe, North Lincolnshire DN15 8UP3
£141.5K10/210.2 mi34, Sorrel Way, Scunthorpe, North Lincolnshire DN15 8PL3
£180K12/200.2 mi19, Sorrel Way, Scunthorpe, North Lincolnshire DN15 8PL3
£168K06/210.2 mi58, Sorrel Way, Scunthorpe, North Lincolnshire DN15 8PL3
£130.3K10/210.21 mi6, Luneburg Place, Scunthorpe, North Lincolnshire DN15 8XS3
£130K03/210.21 mi34, Luneburg Place, Scunthorpe, North Lincolnshire DN15 8XS3
£183K05/210.21 mi20, Luneburg Place, Scunthorpe, North Lincolnshire DN15 8XS3
£173K12/200.22 mi21, Briar Way, Scunthorpe, North Lincolnshire DN15 8UU3
£164K01/230.3 mi40, Blackthorn Close, Scunthorpe, North Lincolnshire DN15 8UT3
£195K11/220.3 mi15, Blackthorn Close, Scunthorpe, North Lincolnshire DN15 8UT3
£175K05/210.32 mi5, Shelroy Close, Scunthorpe, North Lincolnshire DN15 8DZ3
£177.5K03/210.33 mi9, Juniper Close, Scunthorpe, North Lincolnshire DN15 8YN3
£195K02/230.33 mi6, Juniper Close, Scunthorpe, North Lincolnshire DN15 8YN3
£199.9K02/210.37 mi12, Willowmead Close, Scunthorpe, North Lincolnshire DN15 8US3
£187K06/210.37 mi23, Willowmead Close, Scunthorpe, North Lincolnshire DN15 8US3
£111K05/210.39 mi11, Denby Close, Scunthorpe, North Lincolnshire DN15 8BZ3
£133K04/210.39 mi17, Denby Close, Scunthorpe, North Lincolnshire DN15 8BZ3
£140K10/210.39 mi44, Hilltop Avenue, Scunthorpe, North Lincolnshire DN15 8LD3
£127K12/200.39 mi56, Hilltop Avenue, Scunthorpe, North Lincolnshire DN15 8LD3
£147.5K02/210.39 mi5, Hilltop Avenue, Scunthorpe, North Lincolnshire DN15 8LD3
£171K07/210.4 mi8, Lynton Close, Scunthorpe, North Lincolnshire DN15 8DJ3
£159.9K12/200.42 mi37, Scotter Road, Scunthorpe, North Lincolnshire DN15 8DX3
£157K08/230.42 mi45, Scotter Road, Scunthorpe, North Lincolnshire DN15 8DX3
£149.9K04/210.44 mi92, Dewsbury Avenue, Scunthorpe, North Lincolnshire DN15 8DF3
£100K11/200.44 mi24, Baildon Road, Scunthorpe, North Lincolnshire DN15 8DB3
£134K06/210.47 mi68, Reginald Road, Scunthorpe, North Lincolnshire DN15 8PF3
£78K03/210.48 mi94, Portman Road, Scunthorpe, North Lincolnshire DN15 8PE3
£139.5K11/210.51 mi1, Holmfirth Road, Scunthorpe, North Lincolnshire DN15 8DW3
£174K12/220.54 mi6, Baildon Road, Scunthorpe, North Lincolnshire DN15 8BU3
£139.9K08/210.54 mi23, Holmfirth Road, Scunthorpe, North Lincolnshire DN15 8DN3
£140K04/230.56 mi72, Dewsbury Avenue, Scunthorpe, North Lincolnshire DN15 8BP3
£183K03/230.57 mi67, Ferry Road, Scunthorpe, North Lincolnshire DN15 8LY3
£139K04/230.57 mi36, Hempdyke Road, Scunthorpe, North Lincolnshire DN15 8LB3
£99K06/210.6 mi39, Newborn Avenue, Scunthorpe, North Lincolnshire DN15 8JZ3
£146K01/230.61 mi34, Portman Road, Scunthorpe, North Lincolnshire DN15 8PD3
£107.5K02/210.61 mi24, Portman Road, Scunthorpe, North Lincolnshire DN15 8PD3
£163K08/210.63 mi1, Skippingdale Road, Scunthorpe, North Lincolnshire DN15 8NU3
£160K02/230.63 mi25, Skippingdale Road, Scunthorpe, North Lincolnshire DN15 8NU3
£125K03/230.63 mi37, Skippingdale Road, Scunthorpe, North Lincolnshire DN15 8NU3
£66K12/200.64 mi1, Barnes Crescent, Scunthorpe, Humberside DN15 8NE3
£113.5K02/230.67 mi40, Farthing Avenue, Scunthorpe, North Lincolnshire DN15 8JX3
£140K02/230.67 mi55, Tomlinson Avenue, Scunthorpe, North Lincolnshire DN15 8HW3
£151K03/230.68 mi8, Mirfield Road, Scunthorpe, North Lincolnshire DN15 8AN3
£95K12/220.68 mi59, Tomlinson Avenue, Scunthorpe, North Lincolnshire DN15 8HW3
£144.9K04/210.72 mi9, Stanley Road, Scunthorpe, North Lincolnshire DN15 8AR3

Local Rents

44 rents from £100/mo to £1.2K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£1,00002/250.17 mi-3
£72504/230.2 mi-3
£82504/240.25 mi-3
£82505/240.25 mi-3
£82504/230.43 mi-3
£80012/240.45 mi-3
£67503/250.48 mi-3
£79512/230.53 mi-3
£70008/230.72 mi-3
£72505/240.72 mi-3
£72505/240.72 miCrosby Avenue, Scunthorpe, DN153
£85012/240.73 mi-3
£97503/250.75 mi-3
£67510/230.82 mi-3
£90003/250.84 mi-3
£90001/250.88 mi-3
£90003/250.88 mi-3
£90004/250.88 mi-3
£72512/230.91 mi-3
£70002/230.91 mi-3
£90004/240.95 miGloucester Court, Scunthorpe3
£85002/250.97 mi-3
£80001/250.98 mi-3
£85001/240.99 mi-3
£75004/231 mi-3
£65012/241.01 mi-3
£72504/231.02 mi-3
£51704/241.03 miBerkeley Street, Scunthorpe3
£82505/241.08 miScotter Road, SCUNTHORPE3
£10003/251.1 mi-3
£75001/241.1 mi-3
£75001/241.1 mi-3
£70012/241.1 mi-3
£85002/241.13 mi-3
£85001/251.13 mi-3
£76011/231.13 mi-3
£1,00004/241.19 mi-3
£1,15003/251.19 mi-3
£1,00003/241.19 miChurch Lane, Scunthorpe, DN153
£85005/241.2 miExeter Road, Scunthorpe, DN153
£1,20002/241.21 mi-3
£70004/241.21 mi-3
£80012/241.23 mi-3
£57605/241.24 miChurch Lane, Scunthorpe, DN157HB3

Local Area Statistics

Population in DN15

36,576

Population in Scunthorpe

105,498

Town centre distance

1.72 miles away

Nearest school

0.50 miles away

Nearest train station

1.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £285,000

January 28, 2025

Floor Plans

Description

  • Three bed detached bungalow +
  • Popular location +
  • Scope for modernisation +
  • Vacant and with no chain attached +
  • Three double bedrooms +
  • Two bathrooms +
  • Garage +
  • Off road parking +
  • Council Tax Band D +
  • EPC rating C +

Offered with no chain attached and on the popular Avenue Clamart road of Scunthorpe, this three bed detached bungalow is ideal for someone looking for one level living. With really good room sizes throughout, the property has an entrance hall, bright kitchen with breakfast island, lounge with gas fire, three double bedrooms, one with an En suite and a separate shower room. Outside the property there is a driveway for off road parking with an overhead car port, a garage and a front and rear lawned gardens. Immaculately maintained throughout and of vacant possession, viewings are available now so to book one in please give us a call!

Entrance Hall -

Lounge - 6.26 x 4.66 (20'6" x 15'3") -

Kitchen - 4.66 x 3.78 (15'3" x 12'4") -

Bedroom One - 4.34 x 3.78 (14'2" x 12'4") -

En Suite -

Bedroom Two - 3.46 x 3.06 (11'4" x 10'0") -

Bedroom Three - 3.46 x 2.46 (11'4" x 8'0") -

Shower Room -

Outside -

Garage - 5.68 x 3.08 (18'7" x 10'1") -

Agent Details

EA Ben Cade, Scunthorpe

01724 706881

Next Steps?

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

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