2 Bed Bungalow, Refurb/BRRR, Scunthorpe, DN16 1EY, £150,000

Kenilworth Road, Scunthorpe, North Lincolnshire, DN16 1EY - 16 days ago

Auction
Refurb/BRRR
ROI: 1%
~68 m²
+15 photos

ValuationOvervalued

Sold Prices£44K - £249.5K
Sold Prices/m²£707/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£102,166

 

 

End Value (After Refurb)

£142,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£27,537

Bridging Loan Interest

£3,938

Total Cash In

£79,425

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£142,500

Mortgage (After Refinance)

£106,875

Mortgage LTV

75%

Cash Left In

£79,425

Equity

£35,625

Rent Range

£418 - £900

Rent Estimate

£624

Running Costs/mo

£590

Cashflow/mo

£34

Cashflow/yr

£407

ROI

1%

Gross Yield

5%

Local Sold Prices

38 sold prices from £44K to £249.5K, average is £89.3K. £707/m² to £2.7K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£91.5K08/210.13 mi11, Sandhouse Crescent, Scunthorpe, North Lincolnshire DN16 1JE2
£88K11/200.13 mi19, Sandhouse Crescent, Scunthorpe, North Lincolnshire DN16 1JF2
£113K01/230.2 mi206, East Common Lane, Scunthorpe, North Lincolnshire DN16 1HJ2
£66K03/210.47 mi5, Cemetery Road, Scunthorpe, North Lincolnshire DN16 1DY2
£82.5K02/210.48 mi2, Salvation Court, Scunthorpe, North Lincolnshire DN16 2NA2
£73K11/200.48 mi93, Cottage Beck Road, Scunthorpe, North Lincolnshire DN16 1UE2
£95K07/230.53 mi168, Rowland Road, Scunthorpe, North Lincolnshire DN16 1TJ2
£130K11/200.53 mi1, Lincoln Gardens, Scunthorpe, North Lincolnshire DN16 2HN2
£86K02/210.54 mi1, Mill Croft, Scunthorpe, North Lincolnshire DN16 1QL2
£44K10/200.58 mi4, Redbourne Street, Scunthorpe, North Lincolnshire DN16 1TF2
£65K11/200.58 mi17, Redbourne Street, Scunthorpe, North Lincolnshire DN16 1TF2
£72K05/230.58 mi16, Redbourne Street, Scunthorpe, North Lincolnshire DN16 1TF2
£81K01/210.58 mi10, Pinchbeck Avenue, Scunthorpe, North Lincolnshire DN16 1TH2
£139K02/230.7 mi10, Ashberry Drive, Scunthorpe, North Lincolnshire DN16 2RH2
£52.5K07/210.7 mi3, Ashberry Drive, Scunthorpe, North Lincolnshire DN16 2RH2
£145K08/230.7 mi16, Ashberry Drive, Scunthorpe, North Lincolnshire DN16 2RH2
£88.5K10/200.71 mi36, Rose Walk, Scunthorpe, North Lincolnshire DN15 6BU2
£88K01/210.71 mi27, Rose Walk, Scunthorpe, North Lincolnshire DN15 6BU2
£117K03/210.71 mi7, Rivelin Place, Scunthorpe, North Lincolnshire DN16 2BQ2
£85K10/210.71 mi15, Lavender Way, Scunthorpe, North Lincolnshire DN15 6BT2
£127.5K01/230.72 mi14, Lavender Way, Scunthorpe, North Lincolnshire DN15 6BT2
£115K01/230.73 mi26, Bluebell Close, Scunthorpe, North Lincolnshire DN15 6BS2
£102K12/220.76 mi23, Smithfield Road, Scunthorpe, North Lincolnshire DN16 2NJ2
£249.5K11/220.76 mi34, Atlas Road, Scunthorpe, North Lincolnshire DN17 1BZ2
£95K07/210.77 mi1, Tulip Road, Scunthorpe, North Lincolnshire DN15 6BW2
£90K11/200.77 mi41, North Parade, Scunthorpe, North Lincolnshire DN16 2PQ2
£81K08/230.77 mi37, North Parade, Scunthorpe, North Lincolnshire DN16 2PQ2
£53K01/210.83 mi58, Ashby High Street, Scunthorpe, North Lincolnshire DN16 2ND2
£85K08/210.84 mi37, Mackender Court, Scunthorpe, North Lincolnshire DN16 2JW2
£92K05/230.84 mi33, Mackender Court, Scunthorpe, North Lincolnshire DN16 2JW2
£138.9K03/230.86 mi315, Ashby Road, Scunthorpe, North Lincolnshire DN16 2AB2
£90K01/230.87 mi15, Lindley Street, Scunthorpe, North Lincolnshire DN16 2SG2
£79K12/200.87 mi58, Ville Road, Scunthorpe, North Lincolnshire DN16 2NW2
£79K12/200.87 mi58, Ville Road, Scunthorpe, North Lincolnshire DN16 2NW2
£100K11/220.9 mi27, Grange Lane South, Scunthorpe, North Lincolnshire DN16 3AR2
£90K09/210.9 mi53, Grange Lane South, Scunthorpe, North Lincolnshire DN16 3AR2
£86.5K01/230.94 mi248, Queensway, Scunthorpe, North Lincolnshire DN16 2JJ2
£120K12/220.98 mi38, Alexandra Road, Scunthorpe, North Lincolnshire DN16 2SF2

Local Rents

35 rents from £418/mo to £900/mo, average is £595/mo.

RentDateDistanceAddressBeds 
£70003/240.36 miCromwell Avenue, Scunthorpe2
£55003/240.49 miTrent Street, Scunthorpe2
£41805/240.54 miWarley Road, Scunthorpe2
£52304/240.58 miThe Cottages Lincoln Gardens, Scunthorpe2
£52504/240.58 miRevesby Court, Scunthorpe2
£57502/240.58 mi-2
£62503/240.73 miBluebell Close, Scunthorpe2
£59512/230.81 mi-2
£57503/240.81 miThe Old Drill Hall, Cole Street, Scunthorpe, North Lincolnshire, DN152
£50003/250.81 mi-2
£75011/230.82 mi-2
£50009/230.83 mi-2
£57504/240.83 miMackender Court, Scunthorpe2
£55004/240.84 mi-2
£55011/240.84 mi-2
£51904/240.88 miWalnut Tree Way, Scunthorpe2
£85005/240.89 mi-2
£62503/250.89 mi-2
£70011/240.89 mi-2
£85005/240.89 miOld Charter Hall, Scunthorpe, DN152
£55003/240.9 miBelmont Street, Scunthorpe2
£55004/240.9 miGrange Lane South, Scunthorpe2
£65004/240.94 miApartment , Linea, Dunstall Street, Scunthorpe2
£59501/250.95 mi-2
£90003/250.97 mi-2
£90003/250.97 mi-2
£65001/250.99 mi-2
£60003/241.02 miHigh Street, Scunthorpe2
£49502/241.06 mi-2
£60003/241.12 miWest Street, Scunthorpe2
£46705/241.13 miCrosby House Flats, Scunthorpe2
£53012/241.14 mi-2
£82503/241.15 miLakeside North, Scunthorpe, DN162
£65005/241.17 miTeale Street, Scunthorpe2
£82503/241.18 miLakeside North, Scunthorpe, DN162

Local Area Statistics

Population in DN16

31,697

Population in Scunthorpe

105,498

Town centre distance

0.63 miles away

Nearest school

0.30 miles away

Nearest train station

0.74 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £150,000

March 18, 2025

Floor Plans

Description

  • NO CHAIN +
  • Detached Bungalow +
  • Two Double Bedrooms +
  • Fitted Kitchen/Diner +
  • Lounge and Conservatory +
  • Three-Piece Family Bathroom +
  • Separate W.C. +
  • Ample Off-Road Parking and Attached Single Garage +
  • Attractive Front and Rear Gardens +
  • For Sale By Auction – T & C's Apply +

DDM PROPERTY AUCTION : For sale by Modern Method of Auction: Starting Bid Price £150,000 plus reservation fee.

Are you searching for a delightful, detached bungalow that is bursting with potential and offers a generous plot??

DDM is excited to present this superb, detached bungalow that sits proudly, set back from the road and is located on Kenilworth Road in Scunthorpe. Offered with no onward chain for ease of purchase and providing ample scope for modernisation, this property presents an exceptional opportunity to customise and create your dream home. Nestled within a popular locale, the bungalow commands attention with its distinctive character and charm.

Step Inside
Welcoming you into this home is a spacious central hallway that boasts ample storage cupboards. Leading from the reception hall, your journey continues seamlessly into the dual aspect living room that boasts a feature brick-built fireplace and ample space for a dining table.
Adjacent to the lounge, you'll find the heart of the home - the spacious kitchen/dining room, bathed in natural light and exuding a sense of warmth and hospitality. This well-appointed space is designed for both practicality and style, featuring a range of base and wall-mounted cabinets that offer ample storage solutions. Equipped with modern amenities, including a built-in oven, hob, and dishwasher, adds to the functionality of the space. Towards the rear of this enviable home lies a uPVC conservatory, offering a serene retreat with uninterrupted views of the garden landscape.
Returning to the expansive hallway, this exceptional home presents a master bedroom, complete with built-in furniture. Accompanying the master suite is an additional generously sized bedroom, both offering ample space and comfort for occupants.
Servicing all bedrooms is a stylish family bathroom that features a bath, a hand washbasin and a separate W.C.

Step Outside
As you approach the property, you are greeted by a striking brick-built wall that fronts the residence, providing both security and privacy. The front garden is mainly laid to lawn with mature bushes and shrubs for ease of maintenance. An ample driveway provides off-road parking for multiple cars and leads to the attached single garage that benefits from power and lighting and offers sheltered parking and storage space for vehicles and outdoor equipment.
To the rear is a generous garden that is predominantly laid to lawn, while a separate patio area offers an ideal spot for outdoor dining or entertaining friends. The garden features a wooden shed for additional storage, maturely planted borders and access into the garage.

Location
Situated within an established residential area with good access to the town centre. The area is close to both the central bus station and the main train station. The M181 motorway link is approximately 4 miles away.

This bungalow, which is being offered with no onward chain, is centrally located, close to local schools, amenities and bus routes. The home is central to both Scunthorpe and Ashby, offering a variety of shops and restaurants. The area is close to both the central bus station and the main train station. The M181 motorway link is approximately 4 miles away.

Viewing are available immediately and are highly advised!!!

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 winning bidder will pay £300.00 including VAT for this pack which you must view 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 💪