3 Bed Semi-Detached House, Refurb/BRRR, Scunthorpe, DN15 7HG, £140,000

16 BURNHAM ROAD, SCUNTHORPE, DN15 7HG - 9 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+14 photos

ValuationFair Value

Sold Prices£72K - £265K
Sold Prices/m²£963/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£140,000

 

 

End Value (After Refurb)

£151,638

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Refurb Costs

£36,800

Bridging Loan Interest

£3,675

Total Cash In

£82,625

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£151,638

Mortgage (After Refinance)

£113,729

Mortgage LTV

75%

Cash Released

£8,729

Cash Left In

£73,896

Equity

£37,910

Rent Range

£576 - £1,200

Rent Estimate

£882

Running Costs/mo

£670

Cashflow/mo

£212

Cashflow/yr

£2,541

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £72K to £265K, average is £143.8K. £963/m² to £2.8K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£133K04/210.01 mi3, Burnham Road, Scunthorpe, North Lincolnshire DN15 7HG3
£155K08/230.05 mi55, Newland Avenue, Scunthorpe, North Lincolnshire DN15 7HQ3
£142.5K12/200.08 mi114, Church Lane, Scunthorpe, North Lincolnshire DN15 7HD3
£130K07/230.09 mi35, Axholme Road, Scunthorpe, North Lincolnshire DN15 7HL3
£145K02/230.09 mi32, Axholme Road, Scunthorpe, North Lincolnshire DN15 7HL3
£165K11/200.13 mi21, Cliff Closes Road, Scunthorpe, North Lincolnshire DN15 7HT3
£200K11/210.16 mi28, Newland Avenue, Scunthorpe, North Lincolnshire DN15 7HN3
£129K04/210.16 mi26, Newland Avenue, Scunthorpe, Humberside DN15 7HN3
£185K01/230.16 mi37, Newland Avenue, Scunthorpe, North Lincolnshire DN15 7HN3
£112K11/200.16 mi18, Newland Drive, Scunthorpe, North Lincolnshire DN15 7HP3
£120K12/200.16 mi37, Newland Drive, Scunthorpe, North Lincolnshire DN15 7HP3
£107.5K11/200.16 mi6, Newland Drive, Scunthorpe, North Lincolnshire DN15 7HP3
£146K05/230.18 mi42, Cliff Closes Road, Scunthorpe, North Lincolnshire DN15 7HU3
£148K10/210.19 mi46, Cliff Closes Road, Scunthorpe, North Lincolnshire DN15 7HU3
£155K01/210.28 mi1a, Webster Avenue, Scunthorpe, North Lincolnshire DN15 7DX3
£165K05/230.29 mi39, Highcliff Gardens, Scunthorpe, North Lincolnshire DN15 8JF3
£125K10/210.34 mi33, Auckland Road, Scunthorpe, North Lincolnshire DN15 7BT3
£126K08/210.36 mi22, Avenue Vivian, Scunthorpe, North Lincolnshire DN15 8JW3
£162K10/210.38 mi87, Church Lane, Scunthorpe, North Lincolnshire DN15 7AF3
£110K09/230.39 mi123, Jackson Road, Scunthorpe, North Lincolnshire DN15 8JT3
£129.5K12/200.4 mi37, Orchid Rise, Scunthorpe, North Lincolnshire DN15 7AN3
£140.5K08/230.4 mi75, Jackson Road, Scunthorpe, North Lincolnshire DN15 8HJ3
£185K12/200.41 mi64, Exeter Road, Scunthorpe, North Lincolnshire DN15 7AY3
£170K07/230.44 mi19, Collinson Avenue, Scunthorpe, North Lincolnshire DN15 8AA3
£111.5K12/200.44 mi13, Collinson Avenue, Scunthorpe, North Lincolnshire DN15 8AA3
£137K07/210.44 mi5, Leonard Crescent, Scunthorpe, North Lincolnshire DN15 7BG3
£265K01/210.44 mi4, Fuchsia Croft, Scunthorpe, North Lincolnshire DN15 7DB3
£265K01/210.44 mi4, Fuchsia Croft, Scunthorpe, North Lincolnshire DN15 7DB3
£165K10/210.46 mi24, Marsden Drive, Scunthorpe, North Lincolnshire DN15 8AD3
£142K12/200.47 mi9, Alan Crescent, Scunthorpe, North Lincolnshire DN15 7PL3
£150K12/200.48 mi98, Doncaster Road, Scunthorpe, North Lincolnshire DN15 7DE3
£129K01/210.48 mi3, Donnington Gardens, Scunthorpe, North Lincolnshire DN15 7RJ3
£129.5K04/210.49 mi60, Collinson Avenue, Scunthorpe, North Lincolnshire DN15 8AB3
£125K08/230.49 mi11, Exeter Road, Scunthorpe, North Lincolnshire DN15 7AS3
£180K10/210.5 mi57, Church Lane, Scunthorpe, North Lincolnshire DN15 7AE3
£130K11/200.5 mi29, Church Lane, Scunthorpe, North Lincolnshire DN15 7AE3
£245K07/210.5 mi2, Church Lane, Scunthorpe, North Lincolnshire DN15 7AE3
£78K01/210.5 mi16, Tomlinson Avenue, Scunthorpe, North Lincolnshire DN15 8HN3
£72K01/210.5 mi34, Tomlinson Avenue, Scunthorpe, North Lincolnshire DN15 8HN3
£120K01/230.5 mi2, Tomlinson Avenue, Scunthorpe, North Lincolnshire DN15 8HN3
£210K03/230.51 mi233, Scotter Road, Scunthorpe, North Lincolnshire DN15 7EJ3
£168K04/210.51 mi201, Scotter Road, Scunthorpe, North Lincolnshire DN15 7EJ3
£191K05/230.51 mi229, Scotter Road, Scunthorpe, North Lincolnshire DN15 7EJ3
£113.5K02/230.52 mi40, Farthing Avenue, Scunthorpe, North Lincolnshire DN15 8JX3
£110K05/210.52 mi40, Lister Road, Scunthorpe, North Lincolnshire DN15 8AE3
£205K03/210.52 mi224, Scotter Road, Scunthorpe, North Lincolnshire DN15 7EH3
£220K01/230.53 mi48, Cliff Gardens, Scunthorpe, North Lincolnshire DN15 7PJ3
£135K04/210.54 mi41, Stanley Road, Scunthorpe, North Lincolnshire DN15 8AQ3
£155K12/220.54 mi223, Mary Street, Scunthorpe, North Lincolnshire DN15 7QH3
£180K08/230.54 mi182, Scotter Road, Scunthorpe, North Lincolnshire DN15 7EQ3

Local Rents

23 rents from £576/mo to £1.2K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£76011/230.01 mi-3
£85002/240.02 mi-3
£85001/250.02 mi-3
£1,00004/240.06 mi-3
£1,15003/250.06 mi-3
£1,00003/240.06 miChurch Lane, Scunthorpe, DN153
£1,20002/240.07 mi-3
£80001/250.19 mi-3
£57605/240.2 miChurch Lane, Scunthorpe, DN157HB3
£75004/230.21 mi-3
£85002/250.24 mi-3
£85001/240.27 mi-3
£92504/240.36 miVicarage Gardens, Scunthorpe3
£92504/240.36 miVicarage Gardens, Scunthorpe3
£78001/240.42 mi-3
£78001/240.42 mi-3
£85012/240.44 mi-3
£85005/240.46 miExeter Road, Scunthorpe, DN153
£72504/230.47 mi-3
£94012/240.54 miAppledore Crescent, Scunthorpe, DN173
£82505/240.54 miScotter Road, SCUNTHORPE3
£1,00002/250.58 mi-3
£90004/250.58 mi-3

Local Area Statistics

Population in DN15

36,576

Population in Scunthorpe

105,498

Town centre distance

0.83 miles away

Nearest school

0.40 miles away

Nearest train station

0.83 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £140,000

February 16, 2025

Description

  • CHAIN FREE +
  • HOSPITAL LOCATION +
  • TWO RECEPTION ROOMS +
  • THREE BEDROOMS +
  • LAWNED REAR GARDEN +
  • FREEHOLD +

Prime Location – Ideal for Hospital Staff!

This well-maintained three-bedroom semi-detached home is perfectly positioned within walking distance of Scunthorpe General Hospital, making it an excellent choice for healthcare professionals.

Description - Prime Location – Ideal for Hospital Staff!

This well-maintained three-bedroom semi-detached home is perfectly positioned within walking distance of Scunthorpe General Hospital, making it an excellent choice for healthcare professionals.

The property requires a small degree of modernisation but offers fantastic potential. Inside, you’ll find two generously sized reception rooms, a kitchen, a rear porch, a downstairs WC, and a boiler room. Upstairs, there are two large double bedrooms, a third single bedroom, and a family bathroom.

Externally, the outdoor space is beautifully maintained, featuring landscaped gardens, timber fencing, and a lovely decked area accessible through French doors from the dining room. Another standout benefit is the off-road parking for multiple vehicles.

Offered with no onward chain for a smooth and hassle-free purchase. Priced competitively – this one won’t be on the market for long!

?? Contact us today to arrange a viewing.

Entrance - Via uPVC door into hallway with spot lights and coving to ceiling, stairs to the 1st floor, under stairs storage cupboard and radiator

Living Room - 3.93m x 3.28m (12'10" x 10'9") - Light and coving to ceiling, uPVC double glazed window to front aspect and radiator

Dining Room - 3.62m x 3.24m (11'10" x 10'7") - Light and coving to ceiling, French door to rear garden and radiator

Kitchen - 1.94m x 2.58 (6'4" x 8'5") - Light to ceciling, uPVC double glazed window to side aspect, selection of wall and base units with laminate worktops, electric fan assisted oven and gas hob, space and plumbing for a washing machine

Rear Porch - 2.47m x 1.22m (8'1" x 4'0") - Light to ceiling, uPVC double glazed window to rear aspect, and access to the WC and Boiler cupboard

1st Floor Hallway - Light to ceiling, loft hatch access with pull down ladder, uPVC double glazed window to side aspect

Wc - 1.49m 0.80 (4'10" 2'7") - Light to ceiling, uPVC double glazed window to side aspect, WC and

Bedroom One - 3.63m x 3.29m (11'10" x 10'9") - Light and coving to ceiling, uPVC double glazed window to rear aspect and radiator

Bedroom Two - 3.29m x 3.32m (10'9" x 10'10") - Light to ceiling, uPVC double glazed window to front aspect and radiator

Bedroom Three - 1.94m x 2.43m (6'4" x 7'11") - Light to ceiling, uPVC double glazed window to front aspect and radiator

Family Bathroom - 1.90m x 1.92 (6'2" x 6'3") - Light to ceiling, walk in shower with sliding glazed door and electric shower, hand wash basin and low flush WC, towel heater and some built in storage

External - The front of the property has a tidy gravelled front garden with a dwarf brick wall and flag paved driveway providing off road parking. The rear gardens are laid to lawn with a decked area coming off the back of the dining room and full enclosed with timber fencing

Agent Details

Biltons, Covering Lincolnshire

01724 514924

Next Steps?

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

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