2 Bed Semi-Detached House, Single Let, Scunthorpe, DN16 2NJ, £99,500

14 Smithfield Road, Scunthorpe, DN16 2NJ - 1 views - 2 months ago

BTL
ROI: 3%
~85 m²
+10 photos

ValuationUndervalued

Sold Prices£52.5K - £217K
Sold Prices/m²£707/m² - £3K/m²

 

 

Square Metres

~84.90 m²
Price/m²£1.2K/m²

Value Estimate

£122,385
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£24,875

Stamp Duty & Legal Fees

£6,175

Total Cash In

£31,050

 

 

Cash Out

 

Rent Range

£418 - £825

Rent Estimate

£500

Running Costs/mo

£431

Cashflow/mo

£69

Cashflow/yr

£829

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £52.5K to £217K, average is £106K. £707/m² to £3K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£102K12/220.02 mi23, Smithfield Road, Scunthorpe, North Lincolnshire DN16 2NJ2
£90K11/200.07 mi41, North Parade, Scunthorpe, North Lincolnshire DN16 2PQ2
£81K08/230.07 mi37, North Parade, Scunthorpe, North Lincolnshire DN16 2PQ2
£53K01/210.09 mi58, Ashby High Street, Scunthorpe, North Lincolnshire DN16 2ND2
£100K11/220.13 mi27, Grange Lane South, Scunthorpe, North Lincolnshire DN16 3AR2
£90K09/210.13 mi53, Grange Lane South, Scunthorpe, North Lincolnshire DN16 3AR2
£79K12/200.18 mi58, Ville Road, Scunthorpe, North Lincolnshire DN16 2NW2
£79K12/200.18 mi58, Ville Road, Scunthorpe, North Lincolnshire DN16 2NW2
£140K07/230.31 mi2, Wyredale Road, Scunthorpe, North Lincolnshire DN16 2PZ2
£72.5K10/210.32 mi69, Grange Lane South, Scunthorpe, North Lincolnshire DN16 3BW2
£86.5K01/230.33 mi248, Queensway, Scunthorpe, North Lincolnshire DN16 2JJ2
£85K08/210.34 mi37, Mackender Court, Scunthorpe, North Lincolnshire DN16 2JW2
£92K05/230.34 mi33, Mackender Court, Scunthorpe, North Lincolnshire DN16 2JW2
£167K02/210.37 mi9, Lunedale Road, Scunthorpe, Humberside DN16 2RA2
£202.5K10/230.37 mi9, Lunedale Road, Scunthorpe, North Lincolnshire DN16 2RA2
£95.3K01/210.38 mi51, Manifold Road, Scunthorpe, North Lincolnshire DN16 2RD2
£130K11/200.38 mi1, Lincoln Gardens, Scunthorpe, North Lincolnshire DN16 2HN2
£120K06/210.38 mi20, Derwent Road, Scunthorpe, North Lincolnshire DN16 2NU2
£52.5K07/210.39 mi3, Ashberry Drive, Scunthorpe, North Lincolnshire DN16 2RH2
£145K08/230.39 mi16, Ashberry Drive, Scunthorpe, North Lincolnshire DN16 2RH2
£139K02/230.39 mi10, Ashberry Drive, Scunthorpe, North Lincolnshire DN16 2RH2
£100K01/230.4 mi49, Manifold Road, Scunthorpe, North Lincolnshire DN16 2RD2
£86K02/210.4 mi1, Mill Croft, Scunthorpe, North Lincolnshire DN16 1QL2
£115K01/210.53 mi28, Coverdale Road, Scunthorpe, North Lincolnshire DN16 2RP2
£120K06/230.53 mi1, Coverdale Road, Scunthorpe, North Lincolnshire DN16 2RP2
£82.5K02/210.53 mi2, Salvation Court, Scunthorpe, North Lincolnshire DN16 2NA2
£128.3K02/210.54 mi2, Chamomile Close, Scunthorpe, North Lincolnshire DN16 3DB2
£101.5K01/210.58 mi12, Nutwood View, Scunthorpe, North Lincolnshire DN16 3GN2
£105K06/210.58 mi26, Nutwood View, Scunthorpe, North Lincolnshire DN16 3GN2
£126K10/210.6 mi1, Ennerdale Lane, Scunthorpe, North Lincolnshire DN16 2RW2
£118K06/210.6 mi27, Ennerdale Lane, Scunthorpe, North Lincolnshire DN16 2RW2
£113K10/200.6 mi29, Ennerdale Lane, Scunthorpe, North Lincolnshire DN16 2RW2
£121K03/230.61 mi14, Tilia Close, Scunthorpe, North Lincolnshire DN16 3GP2
£117.5K02/210.61 mi9, Pinewood Close, Scunthorpe, North Lincolnshire DN16 3FB2
£102K01/210.62 mi18, Ivy House Court, Scunthorpe, North Lincolnshire DN16 3GS2
£120K12/220.63 mi38, Alexandra Road, Scunthorpe, North Lincolnshire DN16 2SF2
£106.5K05/210.64 mi9, Oakwell Close, Scunthorpe, North Lincolnshire DN16 3FD2
£129.9K12/220.64 mi15, Nutwell Court, Scunthorpe, North Lincolnshire DN16 3GL2
£90K01/230.64 mi15, Lindley Street, Scunthorpe, North Lincolnshire DN16 2SG2
£114K08/210.65 mi29, Nutwell Court, Scunthorpe, North Lincolnshire DN16 3GL2
£110K10/210.65 mi5, Nutwell Court, Scunthorpe, North Lincolnshire DN16 3GL2
£120.5K05/230.65 mi21, Nutwell Court, Scunthorpe, North Lincolnshire DN16 3GL2
£217K07/210.65 mi6, Wisteria Way, Scunthorpe, North Lincolnshire DN16 3AQ2
£175K11/220.65 mi44, Grammar School Walk, Scunthorpe, North Lincolnshire DN16 3NQ2
£75K03/230.65 mi1a, Alexandra Road, Scunthorpe, North Lincolnshire DN16 2SF2
£105.5K04/210.66 mi12, Shelduck Way, Scunthorpe, North Lincolnshire DN16 3FY2
£105K05/210.68 mi28, Dunlin Drive, Scunthorpe, North Lincolnshire DN16 3UZ2
£135K09/230.68 mi18, Dunlin Drive, Scunthorpe, North Lincolnshire DN16 3UZ2
£113K01/230.69 mi206, East Common Lane, Scunthorpe, North Lincolnshire DN16 1HJ2
£95K09/210.71 mi49, Victoria Road, Scunthorpe, North Lincolnshire DN16 2RZ2

Local Rents

13 rents from £418/mo to £825/mo, average is £550/mo.

RentDateDistanceAddressBeds 
£59512/230.06 mi-2
£55004/240.13 miGrange Lane South, Scunthorpe2
£50003/250.32 mi-2
£50009/230.33 mi-2
£57504/240.34 miMackender Court, Scunthorpe2
£41805/240.34 miWarley Road, Scunthorpe2
£55004/240.36 mi-2
£55011/240.36 mi-2
£51904/240.48 miWalnut Tree Way, Scunthorpe2
£52304/240.55 miThe Cottages Lincoln Gardens, Scunthorpe2
£82503/240.58 miLakeside North, Scunthorpe, DN162
£70003/240.6 miEnnerdale Lane, Scunthorpe, North Lincolnshire, DN162
£82503/240.61 miLakeside North, Scunthorpe, DN162

Local Area Statistics

Population in DN16

31,697

Population in Scunthorpe

105,498

Town centre distance

1.29 miles away

Nearest school

0.20 miles away

Nearest train station

1.46 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £99,500

February 7, 2025

Floor Plans

Description

  • IDEAL FIRST TIME BUYER / FAMILY HOME being offered with NO ONWARD CHAIN! +
  • CENTRAL LOCATION, +
  • CLOSE TO AMENITIES! +
  • GARDEN & GARAGE TO THE REAR! +

IDEAL FIRST-TIME BUYER / FAMILY HOME being offered with NO ONWARD CHAIN! CENTRAL LOCATION! CLOSE TO AMENITIES! GARDEN & GARAGE TO THE REAR!

This ideal first time buyer / investment home, which is being offered with no onward chain, briefly comprises; a generous front lounge, fitted kitchen / diner, utility area, ground floor shower room, two bedrooms and a bathroom. Externally, the property has a rear garden - which houses the garage, with access from the road behind. In addition to this the home benefits from a gas central heating system and double glazing.
This home is located centrally, close to local schools, amenities and bus routes. Also nearby there is Ashby, offering a variety of shops and restaurants. Viewing advised!

Front -

Garden - Garden to the rear, which is predominantly laid to lawn - with a garage and access to the back of the garden.

Lounge - 3.69m x 3.65m (12'1" x 11'11") - Good sized lounge to the front aspect of the home.

Kitchen / Diner - 4.66m x 3.63m (15'3" x 11'10") - Fitted kitchen / diner to the rear of the property, with ample wall and floor units for storage.

Utility Area - Handy utility area towards the rear, with plumbing for white goods. The utility leads to the ground floor shower room.

Ground Floor Shower Room -

Bedroom 1 - 4.21m x 3.64m (13'9" x 11'11") - Double bedroom to the front aspect of the home.

Bedroom 2 - 2.43m x 3.65m (7'11" x 11'11") - Double bedroom to the rear aspect of the property.

Bathroom - 2.13m x 2.64m (6'11" x 8'7") - Bathroom, with neutral suite.

IDEAL FIRST TIME BUYER / FAMILY HOME being offered with NO ONWARD CHAIN! CENTRAL LOCATION, CLOSE TO AMENITIES! GARDEN & GARAGE TO THE REAR!

Agent Details

Hunters, Scunthorpe

01724 706794

Next Steps?

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