3 Bed Semi-Detached House, Refurb/BRRR, Scunthorpe, DN15 7BT, £160,000

Auckland Road, Scunthorpe, Lincolnshire, DN15 7BT - 3 views - 2 months ago

Refurb/BRRR
ROI: 2%
~93 m²
+6 photos

ValuationOvervalued

Sold Prices£48K - £265K
Sold Prices/m²£585/m² - £2.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£124,639

 

 

End Value (After Refurb)

£156,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£36,800

Bridging Loan Interest

£4,200

Total Cash In

£88,750

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£156,500

Mortgage (After Refinance)

£117,375

Mortgage LTV

75%

Cash Left In

£88,750

Equity

£39,125

Rent Range

£100 - £1,200

Rent Estimate

£819

Running Costs/mo

£673

Cashflow/mo

£146

Cashflow/yr

£1,754

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £48K to £265K, average is £141.5K. £585/m² to £2.4K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£125K10/210.06 mi33, Auckland Road, Scunthorpe, North Lincolnshire DN15 7BT3
£185K12/200.12 mi64, Exeter Road, Scunthorpe, North Lincolnshire DN15 7AY3
£137K07/210.13 mi5, Leonard Crescent, Scunthorpe, North Lincolnshire DN15 7BG3
£142K12/200.14 mi9, Alan Crescent, Scunthorpe, North Lincolnshire DN15 7PL3
£155K01/210.14 mi1a, Webster Avenue, Scunthorpe, North Lincolnshire DN15 7DX3
£162K10/210.15 mi87, Church Lane, Scunthorpe, North Lincolnshire DN15 7AF3
£125K08/230.16 mi11, Exeter Road, Scunthorpe, North Lincolnshire DN15 7AS3
£220K01/230.18 mi48, Cliff Gardens, Scunthorpe, North Lincolnshire DN15 7PJ3
£129.5K12/200.18 mi37, Orchid Rise, Scunthorpe, North Lincolnshire DN15 7AN3
£155K12/220.2 mi223, Mary Street, Scunthorpe, North Lincolnshire DN15 7QH3
£150K12/200.2 mi98, Doncaster Road, Scunthorpe, North Lincolnshire DN15 7DE3
£162K05/210.2 mi51, Cliff Gardens, Scunthorpe, North Lincolnshire DN15 7PH3
£180K10/210.2 mi57, Church Lane, Scunthorpe, North Lincolnshire DN15 7AE3
£130K11/200.2 mi29, Church Lane, Scunthorpe, North Lincolnshire DN15 7AE3
£245K07/210.2 mi2, Church Lane, Scunthorpe, North Lincolnshire DN15 7AE3
£265K01/210.21 mi4, Fuchsia Croft, Scunthorpe, North Lincolnshire DN15 7DB3
£265K01/210.21 mi4, Fuchsia Croft, Scunthorpe, North Lincolnshire DN15 7DB3
£129K01/210.24 mi3, Donnington Gardens, Scunthorpe, North Lincolnshire DN15 7RJ3
£185K01/230.25 mi37, Newland Avenue, Scunthorpe, North Lincolnshire DN15 7HN3
£200K11/210.25 mi28, Newland Avenue, Scunthorpe, North Lincolnshire DN15 7HN3
£129K04/210.25 mi26, Newland Avenue, Scunthorpe, Humberside DN15 7HN3
£100K07/230.26 mi8, Henry Street, Scunthorpe, North Lincolnshire DN15 7QQ3
£141K03/210.27 mi17, Norwood Avenue, Scunthorpe, North Lincolnshire DN15 7AR3
£155K06/230.27 mi21, Norwood Avenue, Scunthorpe, North Lincolnshire DN15 7AR3
£155K08/230.3 mi55, Newland Avenue, Scunthorpe, North Lincolnshire DN15 7HQ3
£142K02/230.3 mi55, Brumby Wood Lane, Scunthorpe, North Lincolnshire DN17 1AA3
£225K07/230.31 mi47a, Brumby Wood Lane, Scunthorpe, North Lincolnshire DN17 1AA3
£170K03/230.31 mi11, Brumby Wood Lane, Scunthorpe, North Lincolnshire DN17 1AA3
£126K08/210.33 mi22, Avenue Vivian, Scunthorpe, North Lincolnshire DN15 8JW3
£140.5K08/230.33 mi75, Jackson Road, Scunthorpe, North Lincolnshire DN15 8HJ3
£145K02/230.34 mi32, Axholme Road, Scunthorpe, North Lincolnshire DN15 7HL3
£130K07/230.35 mi35, Axholme Road, Scunthorpe, North Lincolnshire DN15 7HL3
£82K07/230.36 mi53, Fox Street, Scunthorpe, North Lincolnshire DN15 7LD3
£112K11/200.36 mi18, Newland Drive, Scunthorpe, North Lincolnshire DN15 7HP3
£120K12/200.36 mi37, Newland Drive, Scunthorpe, North Lincolnshire DN15 7HP3
£107.5K11/200.36 mi6, Newland Drive, Scunthorpe, North Lincolnshire DN15 7HP3
£165K05/230.36 mi39, Highcliff Gardens, Scunthorpe, North Lincolnshire DN15 8JF3
£133K04/210.36 mi3, Burnham Road, Scunthorpe, North Lincolnshire DN15 7HG3
£142.5K12/200.37 mi114, Church Lane, Scunthorpe, North Lincolnshire DN15 7HD3
£65K01/210.39 mi8, Spencer Avenue, Scunthorpe, North Lincolnshire DN15 7RY3
£120K01/230.4 mi2, Tomlinson Avenue, Scunthorpe, North Lincolnshire DN15 8HN3
£78K01/210.4 mi16, Tomlinson Avenue, Scunthorpe, North Lincolnshire DN15 8HN3
£72K01/210.4 mi34, Tomlinson Avenue, Scunthorpe, North Lincolnshire DN15 8HN3
£165K11/200.45 mi21, Cliff Closes Road, Scunthorpe, North Lincolnshire DN15 7HT3
£145K12/220.45 mi37, Comforts Avenue, Scunthorpe, North Lincolnshire DN15 6PN3
£48K12/200.45 mi19, Smith Street, Scunthorpe, North Lincolnshire DN15 7LG3
£110K09/230.45 mi123, Jackson Road, Scunthorpe, North Lincolnshire DN15 8JT3
£80K07/230.47 mi3, Buckingham Street, Scunthorpe, North Lincolnshire DN15 7JE3
£62K03/210.47 mi3, Buckingham Street, Scunthorpe, North Lincolnshire DN15 7JE3
£146K05/230.48 mi42, Cliff Closes Road, Scunthorpe, North Lincolnshire DN15 7HU3

Local Rents

28 rents from £100/mo to £1.2K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£92504/240.08 miVicarage Gardens, Scunthorpe3
£92504/240.08 miVicarage Gardens, Scunthorpe3
£85005/240.11 miExeter Road, Scunthorpe, DN153
£78001/240.19 mi-3
£78001/240.19 mi-3
£72504/230.2 mi-3
£57605/240.21 miChurch Lane, Scunthorpe, DN157HB3
£85001/240.21 mi-3
£75004/230.24 mi-3
£85002/250.26 mi-3
£1,00002/250.27 mi-3
£90004/250.27 mi-3
£80012/240.28 mi-3
£1,00003/240.33 miChurch Lane, Scunthorpe, DN153
£1,00004/240.33 mi-3
£1,15003/250.33 mi-3
£76011/230.36 mi-3
£1,20002/240.37 mi-3
£85002/240.38 mi-3
£85001/250.38 mi-3
£51704/240.43 miBerkeley Street, Scunthorpe3
£85012/240.46 mi-3
£80001/250.48 mi-3
£65012/240.55 mi-3
£54511/230.57 mi-3
£65003/240.58 miRowland Road, Scunthorpe3
£62503/240.6 miAbercorn Street, SCUNTHORPE3
£10003/250.62 mi-3

Local Area Statistics

Population in DN15

36,576

Population in Scunthorpe

105,498

Town centre distance

0.57 miles away

Nearest school

0.20 miles away

Nearest train station

0.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £160,000

February 12, 2025

Floor Plans

Description

  • A TRADITIONAL BAY FRONTED SEMI-DETACHED HOME +
  • NO UPWARD CHAIN +
  • IDEAL FIRST TIME BUY / INVESTOR PURCHASE +
  • 3 BEDROOMS +
  • 2 RECEPTIONS ROOMS +
  • FITTED KITCHEN +
  • 2 BATHROOMS +
  • PRIVATE REAR GARDEN & GARAGE +
  • OFF STREET PARKING +
  • VIEW VIA OUR SCUNTHORPE OFFICE +

NO UPWARD CHAIN WALKING DISTANCE TO EXCELLENT AMENITIES IN NEED OF MODERNISING A traditional bay-fronted semi-detached house positioned within walking distance to an excellent range of local town amenities and thought IDEAL FOR A FIRST TIME BUYER OR INVESTOR. Immediate vacant possession with no upward chain, scope and potential for up-grading. The accommodation briefly comprises, entrance hall, ground floor shower room, front lounge, spacious dining room and rear kitchen. The first floor provides 3 generous bedrooms and a family bathroom. Private rear garden with sectional garage and off street parking to the front of the property. Finished with uPvc double glazing and a gas fired central heating system. Viewing comes highly recommended. View via our Scunthorpe office. EPC Rating: B, Council Tax Band: B

Agent Details

Paul Fox, Scunthorpe

01724 514340

Next Steps?

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