3 Bed Terraced House, Single Let, Scunthorpe, DN16 1NE, £135,000

31 Redbourn Way, Scunthorpe, North Lincolnshire, DN16 1NE - 2 months ago

BTL
ROI: 2%
~93 m²
+22 photos

ValuationUndervalued

Sold Prices£70K - £225K
Sold Prices/m²£909/m² - £2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£138,978
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Total Cash In

£39,000

 

 

Cash Out

 

Rent Range

£545 - £1,000

Rent Estimate

£634

Running Costs/mo

£569

Cashflow/mo

£65

Cashflow/yr

£784

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £70K to £225K, average is £132.5K. £909/m² to £2K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£130K01/210.05 mi49, Bushfield Road, Scunthorpe, North Lincolnshire DN16 1ND3
£137.5K07/230.07 mi12, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LN3
£127K12/200.07 mi9, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LN3
£183K03/230.08 miSlaidburn, Redbourn Way, Scunthorpe, North Lincolnshire DN16 1NG3
£150K12/220.08 mi16, Neath Road, Scunthorpe, North Lincolnshire DN16 1LW3
£142.5K12/200.09 mi32, Haig Avenue, Scunthorpe, North Lincolnshire DN16 1DZ3
£107.5K11/200.09 mi15, Haig Avenue, Scunthorpe, North Lincolnshire DN16 1DZ3
£119.5K06/230.09 mi50, Haig Avenue, Scunthorpe, North Lincolnshire DN16 1DZ3
£70K07/230.09 mi9, Haig Avenue, Scunthorpe, North Lincolnshire DN16 1DZ3
£105K05/210.11 mi41, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LL3
£87K11/210.12 mi56, Cemetery Road, Scunthorpe, North Lincolnshire DN16 1EA3
£132.5K05/210.12 mi89, Cemetery Road, Scunthorpe, North Lincolnshire DN16 1EB3
£166K12/220.14 mi55, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LR3
£147K03/230.14 mi69, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LR3
£132.5K08/230.15 mi9, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LJ3
£103K05/210.15 mi18, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LJ3
£115K06/210.15 mi22, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LJ3
£95K11/200.15 mi3, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LJ3
£110K07/210.18 mi14, King Edward Street, Scunthorpe, City Of Kingston Upon Hull DN16 1LH3
£120K02/210.18 mi29, King Edward Street, Scunthorpe, North Lincolnshire DN16 1LH3
£180K11/210.21 mi58, Ashby Road, Scunthorpe, North Lincolnshire DN16 1NR3
£215K11/200.21 mi92, Ashby Road, Scunthorpe, North Lincolnshire DN16 1NR3
£175K02/210.21 mi38, Ashby Road, Scunthorpe, North Lincolnshire DN16 1NR3
£105K12/200.25 mi79, Fairmont Crescent, Scunthorpe, North Lincolnshire DN16 1EL3
£95K12/200.25 mi25, Fairmont Crescent, Scunthorpe, North Lincolnshire DN16 1EL3
£82.5K07/210.27 mi10, Hallgarth Avenue, Scunthorpe, North Lincolnshire DN16 1UG3
£88K02/210.27 mi105, Cottage Beck Road, Scunthorpe, North Lincolnshire DN16 1UE3
£125K11/200.27 mi74, Rowland Road, Scunthorpe, North Lincolnshire DN16 1ST3
£145K02/230.3 mi15, Warwick Road, Scunthorpe, North Lincolnshire DN16 1EW3
£110K12/200.3 mi30, Warwick Road, Scunthorpe, North Lincolnshire DN16 1EW3
£167K05/230.3 mi186, Cemetery Road, Scunthorpe, North Lincolnshire DN16 1NU3
£123K05/230.34 mi111, Rowland Road, Scunthorpe, North Lincolnshire DN16 1TA3
£180K08/230.35 mi11, Rugby Road, Scunthorpe, North Lincolnshire DN16 2DD3
£145K08/230.35 mi21, Warwick Road, Scunthorpe, North Lincolnshire DN16 1ES3
£111.5K09/210.36 mi51, Warwick Road, Scunthorpe, North Lincolnshire DN16 1ES3
£135K04/230.36 mi7, Avon Road, Scunthorpe, North Lincolnshire DN16 1EP3
£102K09/210.36 mi172, Cottage Beck Road, Scunthorpe, North Lincolnshire DN16 1UA3
£165K01/230.37 mi23, Old Brumby Street, Scunthorpe, North Lincolnshire DN16 2DA3
£167.5K01/210.37 mi17, Old Brumby Street, Scunthorpe, North Lincolnshire DN16 2DA3
£75K03/230.4 mi15, Winn Street, Scunthorpe, North Lincolnshire DN16 1TB3
£110K12/200.4 mi29, Hampton Road, Scunthorpe, North Lincolnshire DN16 1QJ3
£145K12/220.42 mi37, Comforts Avenue, Scunthorpe, North Lincolnshire DN15 6PN3
£175K04/230.44 mi16, Rivelin Crescent, Scunthorpe, North Lincolnshire DN16 2AL3
£138K12/200.45 mi102, Warwick Road, Scunthorpe, North Lincolnshire DN16 1EU3
£175K05/210.45 mi110, Warwick Road, Scunthorpe, North Lincolnshire DN16 1EU3
£225K07/230.45 mi47a, Brumby Wood Lane, Scunthorpe, North Lincolnshire DN17 1AA3
£170K03/230.45 mi11, Brumby Wood Lane, Scunthorpe, North Lincolnshire DN17 1AA3
£120K09/230.45 mi12, Shirley Crescent, Scunthorpe, North Lincolnshire DN16 1NX3
£152K08/210.45 mi106, Warwick Road, Scunthorpe, North Lincolnshire DN16 1EU3
£142K02/230.45 mi55, Brumby Wood Lane, Scunthorpe, North Lincolnshire DN17 1AA3

Local Rents

14 rents from £545/mo to £1K/mo, average is £780/mo.

RentDateDistanceAddressBeds 
£67503/240.09 miHaig Avenue, Scunthorpe3
£62503/240.15 miAbercorn Street, SCUNTHORPE3
£65003/240.22 miRowland Road, Scunthorpe3
£72512/230.36 mi-3
£80004/240.36 mi-3
£79501/250.36 mi-3
£81502/250.36 mi-3
£79502/250.36 mi-3
£75003/250.42 mi-3
£1,00002/250.47 mi-3
£90002/250.47 mi-3
£78001/240.59 mi-3
£78001/240.59 mi-3
£54511/230.6 mi-3

Local Area Statistics

Population in DN16

31,697

Population in Scunthorpe

105,498

Town centre distance

0.18 miles away

Nearest school

0.10 miles away

Nearest train station

0.31 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £135,000

February 6, 2025

Floor Plans

Description

  • End of Terrace Family Home +
  • Three Bedrooms +
  • Modern Fitted Kitchen +
  • Spacious Lounge/Diner +
  • Conservatory +
  • Three-Piece Family Bathroom and Downstairs Cloakroom +
  • Enclosed Rear Garden with Workshop +
  • Off-Road Parking +
  • Popular Residential Location +

DDM are delighted to offer this fantastic opportunity to purchase a charming end of terrace family home that is located on Redbourn Way in Scunthorpe.

Boasting a stylish galley-style fitted kitchen, a spacious lounge/diner, three well-proportioned bedrooms, a three-piece family bathroom, an enclosed rear garden, ideal for outdoor activities, and off-road parking for added convenience. Don’t delay in booking your viewing TODAY!!!

Step Inside
Stepping inside this welcoming entrance hallway, you are immediately greeted by a dog-leg staircase leading to the first floor. The hallway also provides access to a convenient downstairs cloakroom, perfect for guests. Off the central hallway, you’ll find the generous dual-aspect lounge/diner, a spacious room that comfortably accommodates both a dining table and living area, while a feature fireplace with a log-burning stove adds warmth and character to the space.
Adjoining the lounge/diner, the spacious conservatory enjoys beautiful views over the rear garden, providing an ideal spot for relaxation or entertaining, with an abundance of natural light filling the room. The fitted kitchen is equipped with a range of high-gloss base and wall-mounted cabinets, offering a sleek, modern finish. It includes a built-in oven, hob, and extractor fan, with ample space for white goods, making it both stylish and practical. Additionally, a convenient understairs cupboard offers extra storage space for household items. Completing the ground floor is the handy rear porch, which not only offers access to the garden but also provides space and plumbing for a washing machine, adding a functional, practical element to the home.

To the first floor, you’ll find bedroom one, which offers views over the rear garden. Alongside this, there is a generous front-facing double bedroom that enjoys ample natural light, creating a bright and airy atmosphere. The additional single bedroom, located to the rear of the property, provides a flexible space that could serve as a home office or a cosy bedroom. All the bedrooms are well-served by a modern, fully tiled family bathroom, offering both style and functionality. The bathroom features a bath with a shower overhead, making it ideal for both quick showers and relaxing soaks. A hand wash basin and a low-level flush toilet complete the suite. For added convenience, the bathroom also includes a handy storage cupboard, perfect for keeping towels, toiletries, and other necessities out of sight. This floor offers a well-rounded combination of practical and comfortable spaces for all the family.

Step Outside
The property's exterior offers practical features designed for convenience and privacy. A shared driveway at the front provides initial access, while the rear boasts ample off-road parking, ensuring sufficient space for multiple vehicles. The low-maintenance rear garden is primarily laid to decorative stones, complemented by a durable driveway leading directly to the workshop. Additionally, a patio seating area offers an ideal space for entertaining guests. The entire outdoor area is enclosed with timber fencing, enhancing privacy and security.

Location
This home is ideally situated between Ashby and Scunthorpe, offering convenient access to a variety of local amenities. Families will appreciate the proximity to local schools, ensuring educational needs are easily met. For leisure activities, The Pods leisure centre is within walking distance, providing facilities such as a swimming pool, and a gym. Shopping options are available in both Ashby and Scunthorpe town centre, and well-connected bus routes are also readily accessible, enhancing daily convenience. Additionally, the nearby Central Park offers a substantial recreational area featuring formal gardens, woodland walks, and a children's play area, making it an ideal spot for outdoor activities and relaxation.

Agent Details

DDM Residential, Scunthorpe

01724 514335

Next Steps?

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