3 Bed Detached House, Refurb/BRRR, Scunthorpe, DN15 9TP, £400,000

King Street, Winterton, DN15 9TP - 10 days ago

Refurb/BRRR
~93 m²
+25 photos

ValuationOvervalued

Sold Prices£96K - £295K
Sold Prices/m²£1.2K/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£4.3K/m²

Value Estimate

£167,541

 

 

End Value (After Refurb)

£264,975

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£36,800

Bridging Loan Interest

£10,500

Total Cash In

£177,750

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£264,975

Mortgage (After Refinance)

£198,731

Mortgage LTV

75%

Cash Left In

£177,750

Equity

£66,244

Rent Range

£482 - £750

Rent Estimate

£650

Running Costs/mo

£978

Cashflow/mo

£-328

Cashflow/yr

£-3,937

Gross Yield

2%

Local Sold Prices

50 sold prices from £96K to £295K, average is £154K. £1.2K/m² to £3.1K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£138.5K02/230.02 mi11, King Street, Winterton, Scunthorpe, North Lincolnshire DN15 9TP3
£128K11/200.02 mi13a, King Street, Winterton, Scunthorpe, North Lincolnshire DN15 9TP3
£147K08/230.02 mi13a, King Street, Winterton, Scunthorpe, North Lincolnshire DN15 9TP3
£202K05/230.06 miBryn Aur, Queen Street, Winterton, Scunthorpe, North Lincolnshire DN15 9TS3
£179.9K12/200.16 mi14, Crakedale Road, Winterton, Scunthorpe, North Lincolnshire DN15 9UT3
£215K04/210.17 mi19, Burgon Crescent, Winterton, Scunthorpe, North Lincolnshire DN15 9GB3
£215K07/210.17 mi9, Burgon Crescent, Winterton, Scunthorpe, North Lincolnshire DN15 9GB3
£229K06/230.22 mi4, Mount Avenue, Winterton, Scunthorpe, North Lincolnshire DN15 9UU3
£160K10/210.23 mi49, Low Street, Winterton, Scunthorpe, North Lincolnshire DN15 9RT3
£144.9K11/210.25 mi5, Parkhill Rise, Winterton, Scunthorpe, North Lincolnshire DN15 9UE3
£131K11/200.25 mi18, Hawthorne Close, Winterton, Scunthorpe, North Lincolnshire DN15 9YT3
£153K01/210.26 mi4, Low Street, Winterton, Scunthorpe, North Lincolnshire DN15 9RS3
£155K03/210.26 mi42, Low Street, Winterton, Scunthorpe, North Lincolnshire DN15 9RS3
£161.5K04/230.27 mi39, Cemetery Road, Winterton, Scunthorpe, North Lincolnshire DN15 9UG3
£161K11/200.27 mi69, Cemetery Road, Winterton, Scunthorpe, North Lincolnshire DN15 9UG3
£138K07/210.28 mi9, Wesley Close, Winterton, Scunthorpe, North Lincolnshire DN15 9QB3
£158K11/200.29 miKenmoor, Leek Hill, Winterton, Scunthorpe, North Lincolnshire DN15 9SR3
£177.5K11/200.3 mi20, Westwinds Road, Winterton, Scunthorpe, North Lincolnshire DN15 9RX3
£206K06/230.3 mi2, Westwinds Road, Winterton, Scunthorpe, North Lincolnshire DN15 9RX3
£145K07/230.31 mi16, Northlands Avenue, Winterton, Scunthorpe, North Lincolnshire DN15 9QA3
£247.5K03/230.32 mi78, North Street, Winterton, Scunthorpe, North Lincolnshire DN15 9QN3
£120K03/230.32 mi2, North Street, Winterton, Scunthorpe, North Lincolnshire DN15 9QN3
£145K10/200.36 mi27, Saffre Close, Winterton, Scunthorpe, North Lincolnshire DN15 9YN3
£143K04/210.36 mi11, Saffre Close, Winterton, Scunthorpe, North Lincolnshire DN15 9YN3
£150K04/210.36 mi10, Saffre Close, Winterton, Scunthorpe, North Lincolnshire DN15 9YN3
£146.5K11/210.4 mi48, Earlsgate, Winterton, Scunthorpe, North Lincolnshire DN15 9XA3
£193K02/210.4 miLarkfield, 34, Earlsgate, Winterton, Scunthorpe, North Lincolnshire DN15 9XA3
£295K06/230.4 mi58, Earlsgate, Winterton, Scunthorpe, North Lincolnshire DN15 9XA3
£190K07/210.41 mi7, Farndale Way, Winterton, Scunthorpe, North Lincolnshire DN15 9UZ3
£161K05/210.41 mi9, Walker Drive, Winterton, Scunthorpe, North Lincolnshire DN15 9PW3
£156K04/210.41 mi36, Dale Park Avenue, Winterton, Scunthorpe, North Lincolnshire DN15 9UY3
£156K07/230.41 mi36, Dale Park Avenue, Winterton, Scunthorpe, North Lincolnshire DN15 9UY3
£178K01/210.47 mi26, Lincoln Drive, Winterton, Scunthorpe, North Lincolnshire DN15 9SN3
£155K08/210.47 mi4, Lincoln Drive, Winterton, Scunthorpe, North Lincolnshire DN15 9SN3
£155K07/230.47 mi12, Lincoln Drive, Winterton, Scunthorpe, North Lincolnshire DN15 9SN3
£147K08/210.47 mi1, Driffil Way, Winterton, Scunthorpe, North Lincolnshire DN15 9SF3
£105K03/210.49 mi37, Neville Crescent, Winterton, Scunthorpe, North Lincolnshire DN15 9XL3
£130K11/210.49 mi84, Northlands Road, Winterton, Scunthorpe, North Lincolnshire DN15 9UN3
£160K11/220.51 mi19, Bennett Drive, Winterton, Scunthorpe, North Lincolnshire DN15 9SG3
£96K09/210.52 mi23, De Lacy Way, Winterton, Scunthorpe, North Lincolnshire DN15 9XT3
£199.9K08/210.54 mi47, Northlands Road, Winterton, Scunthorpe, North Lincolnshire DN15 9UL3
£138K08/230.54 mi81, Northlands Road, Winterton, Scunthorpe, North Lincolnshire DN15 9UL3
£110K12/200.58 mi3, Boynton Crescent, Winterton, Scunthorpe, North Lincolnshire DN15 9XP3
£150K07/230.58 mi37, Boynton Crescent, Winterton, Scunthorpe, North Lincolnshire DN15 9XP3
£151K02/210.62 mi4, Earlsgate Gardens, Winterton, Scunthorpe, North Lincolnshire DN15 9TN3
£122K05/210.62 mi7, Earlsgate Gardens, Winterton, Scunthorpe, North Lincolnshire DN15 9TN3
£139.9K03/210.62 mi2, Earlsgate Gardens, Winterton, Scunthorpe, North Lincolnshire DN15 9TN3
£145K07/230.65 mi136, Northlands Road, Winterton, Scunthorpe, North Lincolnshire DN15 9UW3
£138K08/210.68 mi120, Earlsgate, Winterton, Scunthorpe, North Lincolnshire DN15 9XD3
£272.5K12/200.98 mi5, North Street, Roxby, Scunthorpe, North Lincolnshire DN15 0BL3

Local Rents

6 rents from £482/mo to £750/mo, average is £660/mo.

RentDateDistanceAddressBeds 
£60003/240.24 miLow Street, Winterton1
£48204/240.46 miFowler Court, Winterton2
£62003/240.58 miBoynton Crescent, Winterton3
£75005/240.58 miBoynton Crescent, Scunthorpe3
£74904/240.64 mi-3
£70003/240.65 mi-3

Local Area Statistics

Population in DN15

36,576

Population in Scunthorpe

105,498

Town centre distance

5.45 miles away

Nearest school

0.10 miles away

Nearest train station

5.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £400,000

March 25, 2025

Floor Plans

Description

  • Beautiful character home +
  • Three double bedrooms +
  • Extended ground floor with amazing living spaces +
  • Private position tucked away from the road +
  • Open plan kitchen +
  • Completely refurbished +
  • Council tax band C +
  • EPC rating TBC +

A real hidden gem, tucked away from the main road in a very private and quiet spot we have Horncroft Cottage. The owners have done a superb job with the renovation, retaining and saving character throughout while creating really practical family spaces.

The ground floor is incredible, with a spacious hall leading to the lounge one way and the open plan kitchen the other. There is also an entertaining space through the lounge that is fitted out as a bar area with sitting space and a further w.c. Kitchen wise the spec is excellent, with contemporary but in keeping with the house units and solid wood worktops and a matching island, a formal dining area sits just off through double doors. Upstairs we have three double bedrooms and luxury family bathroom complete with rolltop bath, double walk in shower w.c. and basin. Outside, the garden is secure, private and there's also a seating area. Parking is available on the drive to the front.

Viewing is available by appointment, if you would like to book or would like more information, please get in touch.

Entrance Hall -

Kitchen Diner - 7.10 x 4.96 (23'3" x 16'3") -

Downstairs W.C. -

Dining Room - 4.82 x 2.76 (15'9" x 9'0") -

Lounge - 9.62 x 4.96 (31'6" x 16'3") -

Sitting Room - 4.96 x 3.60 (16'3" x 11'9") -

The Bar - 5.20 x 4.11 (17'0" x 13'5") -

Downstairs W.C. -

Landing -

Bathroom - 3.27 x 2.22 (10'8" x 7'3") -

Bedroom One - 4.52 x 2.85 (14'9" x 9'4") -

Bedroom Two - 4.52 x 2.49 (14'9" x 8'2") -

Bedroom Three - 3.17 x 2.39 (10'4" x 7'10") -

Outside Front -

Outside Rear -

Agent Details

EA Ben Cade, Scunthorpe

01724 706881

Next Steps?

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