3 Bed Detached House, Refurb/BRRR, Scunthorpe, DN16 1NU, £130,000

Cemetery Road, Scunthorpe, DN16 1NU - 1 views - 3 months ago

Sold STC
Auction
Refurb/BRRR
~137 m²
+9 photos

ValuationFair Value

Sold Prices£70K - £183K
Sold Prices/m²£909/m² - £1.9K/m²

 

 

Square Metres

~137 m²
Price/m²£949/m²

Value Estimate

£132,600

 

 

End Value (After Refurb)

£212,928

Uplift in Value

+64%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,800

Refurb Costs

£55,389

Bridging Loan Interest

£3,413

Total Cash In

£100,852

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£212,928

Agent Fees (1%)

£2,129

Bridging Loan

£97,500

Bridging Loan Interest

£3,413

Flip Profit

£12,447

Local Sold Prices

50 sold prices from £70K to £183K, average is £129.5K. £909/m² to £1.9K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£167K05/230 mi186, Cemetery Road, Scunthorpe, North Lincolnshire DN16 1NU3
£110K12/200.11 mi29, Hampton Road, Scunthorpe, North Lincolnshire DN16 1QJ3
£120K09/230.16 mi12, Shirley Crescent, Scunthorpe, North Lincolnshire DN16 1NX3
£132.5K05/210.22 mi89, Cemetery Road, Scunthorpe, North Lincolnshire DN16 1EB3
£84K01/210.22 mi1, Elm Grove, Scunthorpe, North Lincolnshire DN16 2EP3
£84K01/210.22 mi1, Elm Grove, Scunthorpe, North Lincolnshire DN16 2EP3
£155K11/200.23 mi58, Kenilworth Road, Scunthorpe, North Lincolnshire DN16 1EY3
£180K08/230.24 mi11, Rugby Road, Scunthorpe, North Lincolnshire DN16 2DD3
£165K01/230.25 mi23, Old Brumby Street, Scunthorpe, North Lincolnshire DN16 2DA3
£167.5K01/210.25 mi17, Old Brumby Street, Scunthorpe, North Lincolnshire DN16 2DA3
£132.5K11/210.25 mi7, Chestnut Way, Scunthorpe, North Lincolnshire DN16 2EN3
£160K06/230.26 mi124, East Common Lane, Scunthorpe, North Lincolnshire DN16 1QG3
£130K01/210.27 mi49, Bushfield Road, Scunthorpe, North Lincolnshire DN16 1ND3
£140K12/220.28 mi8, Collum Avenue, Scunthorpe, North Lincolnshire DN16 2EU3
£137.5K07/210.28 mi1, Collum Avenue, Scunthorpe, North Lincolnshire DN16 2EU3
£153.5K05/230.29 mi4, St Michaels Crescent, Scunthorpe, North Lincolnshire DN16 1QA3
£166K12/220.3 mi55, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LR3
£100K04/230.3 mi16, Rowmills Road, Scunthorpe, North Lincolnshire DN16 1HP3
£145K08/230.3 mi21, Warwick Road, Scunthorpe, North Lincolnshire DN16 1ES3
£147K03/230.3 mi69, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LR3
£152K08/210.3 mi106, Warwick Road, Scunthorpe, North Lincolnshire DN16 1EU3
£138K12/200.3 mi102, Warwick Road, Scunthorpe, North Lincolnshire DN16 1EU3
£175K05/210.3 mi110, Warwick Road, Scunthorpe, North Lincolnshire DN16 1EU3
£111.5K09/210.3 mi51, Warwick Road, Scunthorpe, North Lincolnshire DN16 1ES3
£87K11/210.31 mi56, Cemetery Road, Scunthorpe, North Lincolnshire DN16 1EA3
£93K01/210.32 mi46, Warley Road, Scunthorpe, North Lincolnshire DN16 1PZ3
£105K12/200.32 mi79, Fairmont Crescent, Scunthorpe, North Lincolnshire DN16 1EL3
£95K12/200.32 mi25, Fairmont Crescent, Scunthorpe, North Lincolnshire DN16 1EL3
£142.5K12/200.33 mi32, Haig Avenue, Scunthorpe, North Lincolnshire DN16 1DZ3
£107.5K11/200.33 mi15, Haig Avenue, Scunthorpe, North Lincolnshire DN16 1DZ3
£119.5K06/230.33 mi50, Haig Avenue, Scunthorpe, North Lincolnshire DN16 1DZ3
£70K07/230.33 mi9, Haig Avenue, Scunthorpe, North Lincolnshire DN16 1DZ3
£122K04/210.33 mi6, Gloucester Avenue, Scunthorpe, North Lincolnshire DN16 2DN3
£128K11/200.33 mi3, Gloucester Avenue, Scunthorpe, North Lincolnshire DN16 2DN3
£129K05/210.33 mi10, Gloucester Avenue, Scunthorpe, North Lincolnshire DN16 2DN3
£100K07/210.34 mi31, Chestnut Way, Scunthorpe, North Lincolnshire DN16 2EX3
£175K04/230.35 mi16, Rivelin Crescent, Scunthorpe, North Lincolnshire DN16 2AL3
£137.5K07/230.36 mi12, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LN3
£127K12/200.36 mi9, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LN3
£110K11/210.36 mi27, Sandhouse Crescent, Scunthorpe, North Lincolnshire DN16 1JF3
£110K05/230.36 mi28, Sandhouse Crescent, Scunthorpe, North Lincolnshire DN16 1JF3
£183K03/230.36 miSlaidburn, Redbourn Way, Scunthorpe, North Lincolnshire DN16 1NG3
£150K12/220.37 mi16, Neath Road, Scunthorpe, North Lincolnshire DN16 1LW3
£114K03/210.38 mi35, Warley Road, Scunthorpe, North Lincolnshire DN16 1PX3
£112.5K02/210.39 mi12, Ivanhoe Road, Scunthorpe, North Lincolnshire DN16 1JJ3
£145K02/230.4 mi15, Warwick Road, Scunthorpe, North Lincolnshire DN16 1EW3
£110K12/200.4 mi30, Warwick Road, Scunthorpe, North Lincolnshire DN16 1EW3
£147K02/230.4 mi73, Old Brumby Street, Scunthorpe, North Lincolnshire DN16 2AJ3
£125K12/220.4 mi6, Bennett Road, Scunthorpe, North Lincolnshire DN16 1PJ3
£105K05/210.41 mi41, Plum Tree Way, Scunthorpe, North Lincolnshire DN16 1LL3

Local Rents

12 rents from £625/mo to £975/mo, average is £773/mo.

RentDateDistanceAddressBeds 
£72512/230.31 mi-3
£80004/240.31 mi-3
£79502/250.31 mi-3
£81502/250.31 mi-3
£79502/250.31 mi-3
£67503/240.32 miHaig Avenue, Scunthorpe3
£62503/240.45 miAbercorn Street, SCUNTHORPE3
£80004/250.5 mi-3
£65003/240.51 miRowland Road, Scunthorpe3
£75012/240.55 mi-3
£97503/250.6 mi-3
£63503/240.61 miCherry Grove, Scunthorpe3

Local Area Statistics

Population in DN16

31,697

Population in Scunthorpe

105,498

Town centre distance

0.45 miles away

Nearest school

0.10 miles away

Nearest train station

0.61 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Price changed to £130,000

February 28, 2025

Listed for £140,000

February 11, 2025

Floor Plans

Description

  • NO CHAIN +
  • Traditional Detached House on Corner Plot +
  • Generous Lounge and Dining Area +
  • Three-Piece Family Bathroom and Two En-Suite Shower Rooms +
  • Enclosed Garden +
  • Off-Road Parking and Single Garage +
  • Popular Residential Location +
  • Ideal Purchase for FTB/Investor +
  • For Sale By Auction – T & C's Apply +
  • Subject To An Undisclosed Reserve Price +

DDM PROPERTY AUCTION : For sale by Modern Method of Auction: Starting Bid Price £130,000 plus reservation fee.

ARE YOU LOOKING FOR YOUR FIRST HOME OR AN INVESTMENT OPPORTUNITY??

This superb, detached house occupies a prominent corner position on Cemetery Road in Scunthorpe, offers scope for modernisation and lends itself perfectly to first-time buyers, families or investors looking to add to their portfolio for the busy rental market in the town.
Boasting a spacious lounge, a fitted kitchen and dining area, three bedrooms, a three-piece family bathroom, two en-suites, an enclosed garden, off-road parking and a garage, this property should not be missed!!

Step Inside
A side entrance porch welcomes you into the home, featuring a panelled uPVC double-glazed door with decorative leaded lights and a charming Kingfisher motif. From here, the hallway provides access to the main living areas and stairs leading to the first floor. Leading off the central hallway is a generously proportioned front lounge that is an elegant space with a large bay window, additional side windows, and a feature fireplace with a deep mahogany veneer mantle and a log-burning stove. A separate dining room features a walk-in bay window, and ample space for entertaining. The room includes practical features such as plumbing for a washing machine, a vent for a dryer, and built-in spaces for a freestanding fridge and freezer, along with a larder unit.
Leading off the dining room, the kitchen is well-equipped with a range of fitted base and wall units, a stainless-steel sink unit with a drainer, and a free-standing electric cooker point complemented by a stainless-steel canopy extractor. Part-tiled walls add a practical touch, while a side entrance door provides easy access to the garden. Completing the ground floor is a spacious third double bedroom, which enjoys the convenience of an en-suite shower room. The en-suite features an electric shower within a glazed cubicle, a hand wash basin, and a low-level flush W.C.

Ascending to the first floor, the front double bedroom is an impressive space, featuring a bay window and an en-suite shower room with a generously sized walk-in shower, a hand wash basin, and a W.C. Leading off the central hallway, an additional double bedroom benefits from double-aspect views, offering a bright and airy feel. Both bedrooms on this floor are served by a stylish family bathroom, which includes a panelled bath with an overhead shower, a pedestal wash basin, and part-tiled walls. Adjacent to the bathroom, a separate W.C. adds extra convenience.

This impressive property offers a rare opportunity to acquire a spacious and thoughtfully designed home in a popular residential location. Viewing is highly recommended.

Step Outside
Outside, the property enjoys a desirable corner position along Hampton Road, enclosed by a boundary wall and timber fence panels for added privacy. The front garden is designed for low maintenance, featuring a pebbled area, while concrete pathways lead to the side of the property, where off-road parking is available. An attached brick-built garage offers excellent storage and utility options, complete with an up-and-over main entrance door, as well as power and lighting.

Location
Situated in an established residential area, this property benefits from proximity to a wide range of local amenities and falls within the catchment area for Bushfield Road Infant School, Brumby Junior School, Outwood Academy Brumby, and St Bernadette's Catholic Primary Voluntary Academy. Additionally, local colleges are easily accessible, making this location ideal for families.The area is well-serviced by a regular bus route providing convenient access to the centre of Scunthorpe, while the M180 motorway link is approximately one mile away, offering excellent connectivity for commuters. North Lincolnshire continues to experience growth and development, with significant investment programs contributing to the area's ongoing progress and appeal.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties’ personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The buyer will pay £349 (Inc. VAT) for this pack which you must viewed before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

TO VIEW OR MAKE A BID – Contact DDM Residential on .

Agent Details

DDM Residential, Scunthorpe

01724 514335

Next Steps?

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