3 Bed Semi-Detached House, Refurb/BRRR, Scunthorpe, DN15 7LQ, £55,000

45 Smith Street, Scunthorpe, North Lincolnshire, DN15 7LQ - 10 days ago

Auction

Refurb/BRRR

ROI: 7%

~93 m²

+14 photos

ValuationFair Value

Sold Prices	£48K - £220K
Sold Prices/m²	£568/m² - £2.2K/m²

Square Metres	~93 m²
Price/m²	£591/m²
Value Estimate	£55,000£55,000

End Value (After Refurb)	£76,943£76,943
Uplift in Value	+40%+40%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£13,750£13,750
Stamp Duty & Legal Fees	£3,950£3,950
Refurb Costs	£36,800£36,800
Bridging Loan Interest	£1,444£1,444
Total Cash In	£57,694£57,694

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£76,943£76,943
Mortgage (After Refinance)	£57,707£57,707
Mortgage LTV	75%75%
Cash Released	£16,457£16,457
Cash Left In	£41,236£41,236
Equity	£19,236£19,236
Rent Range	£100 - £1,000£100 - £1,000
Rent Estimate	£764
Running Costs/mo	£413£413
Cashflow/mo	£351£351
Cashflow/yr	£4,209£4,209
ROI	7%7%
Gross Yield	17%17%

Local Sold Prices

50 sold prices from £48K to £220K, average is £80K. £568/m² to £2.2K/m², average is £878/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£65K	01/21	0.04 mi	8, Spencer Avenue, Scunthorpe, North Lincolnshire DN15 7RY	£707	92	3	Semi-Detached House
£82K	07/23	0.06 mi	53, Fox Street, Scunthorpe, North Lincolnshire DN15 7LD	-	-	3	Terraced House
£80K	07/23	0.08 mi	3, Buckingham Street, Scunthorpe, North Lincolnshire DN15 7JE	£755	106	3	Terraced House
£62K	03/21	0.08 mi	3, Buckingham Street, Scunthorpe, North Lincolnshire DN15 7JE	£585	106	3	Terraced House
£48K	12/20	0.08 mi	19, Smith Street, Scunthorpe, North Lincolnshire DN15 7LG	-	-	3	Terraced House
£75K	01/21	0.08 mi	70, Berkeley Street, Scunthorpe, North Lincolnshire DN15 7LN	£750	100	3	Terraced House
£85K	06/23	0.12 mi	2, Dale Street, Scunthorpe, North Lincolnshire DN15 7LW	£904	94	3	Semi-Detached House
£80K	01/23	0.13 mi	29, Dale Street, Scunthorpe, North Lincolnshire DN15 7LW	£909	88	3	Terraced House
£65K	12/20	0.17 mi	13, Percival Street, Scunthorpe, North Lincolnshire DN15 6JD	£802	81	3	Terraced House
£69K	03/23	0.17 mi	4, Porter Street, Scunthorpe, North Lincolnshire DN15 6JA	£1,015	68	3	Terraced House
£75K	03/23	0.17 mi	12, Porter Street, Scunthorpe, North Lincolnshire DN15 6JA	£974	77	3	Terraced House
£50K	05/23	0.17 mi	13, Porter Street, Scunthorpe, North Lincolnshire DN15 6JA	-	-	3	Terraced House
£75K	01/23	0.19 mi	52, Dale Street, Scunthorpe, North Lincolnshire DN15 7LP	£882	85	3	Terraced House
£100K	07/23	0.2 mi	8, Henry Street, Scunthorpe, North Lincolnshire DN15 7QQ	£1,073	93	3	Terraced House
£92.3K	08/21	0.21 mi	206, Frodingham Road, Scunthorpe, North Lincolnshire DN15 7NN	-	-	3	Terraced House
£65K	04/21	0.22 mi	37, Teale Street, Scunthorpe, North Lincolnshire DN15 6JB	£707	92	3	Semi-Detached House
£59.7K	02/21	0.22 mi	40, Teale Street, Scunthorpe, North Lincolnshire DN15 6JB	£746	80	3	Terraced House
£150K	12/20	0.23 mi	98, Doncaster Road, Scunthorpe, North Lincolnshire DN15 7DE	-	-	3	Detached House
£129K	01/21	0.23 mi	3, Donnington Gardens, Scunthorpe, North Lincolnshire DN15 7RJ	£1,229	105	3	Semi-Detached House
£51K	10/20	0.23 mi	56, Sheffield Street, Scunthorpe, North Lincolnshire DN15 6DN	£614	83	3	Terraced House
£155K	12/22	0.23 mi	223, Mary Street, Scunthorpe, North Lincolnshire DN15 7QH	£1,867	83	3	Semi-Detached House
£70K	07/23	0.24 mi	6, Mulgrave Street, Scunthorpe, North Lincolnshire DN15 6DH	£714	98	3	Terraced House
£125K	08/23	0.24 mi	11, Exeter Road, Scunthorpe, North Lincolnshire DN15 7AS	-	-	3	Semi-Detached House
£130K	08/22	0.25 mi	77, Berkeley Street, Scunthorpe, North Lincolnshire DN15 6BJ	-	-	3	Terraced House
£62K	05/21	0.25 mi	121, West Street, Scunthorpe, North Lincolnshire DN15 6HX	£756	82	3	Terraced House
£80K	10/21	0.27 mi	99, Buckingham Street, Scunthorpe, North Lincolnshire DN15 7JG	£777	103	3	Terraced House
£71K	01/21	0.27 mi	96, Buckingham Street, Scunthorpe, North Lincolnshire DN15 7JQ	£724	98	3	Terraced House
£93K	12/20	0.27 mi	110, Buckingham Street, Scunthorpe, North Lincolnshire DN15 7JQ	£775	120	3	Terraced House
£82.5K	07/23	0.27 mi	98, Buckingham Street, Scunthorpe, North Lincolnshire DN15 7JQ	£755	109	3	Terraced House
£137K	07/21	0.28 mi	5, Leonard Crescent, Scunthorpe, North Lincolnshire DN15 7BG	-	-	3	Semi-Detached House
£82K	07/23	0.28 mi	102, Dale Street, Scunthorpe, North Lincolnshire DN15 7LR	£882	93	3	Terraced House
£50K	05/21	0.28 mi	36, Sheffield Street, Scunthorpe, North Lincolnshire DN15 6DL	-	-	3	Terraced House
£70K	06/23	0.29 mi	14, Theodore Road, Scunthorpe, North Lincolnshire DN15 7SF	£875	80	3	Semi-Detached House
£95K	11/22	0.29 mi	51, Grosvenor Street, Scunthorpe, North Lincolnshire DN15 6BE	-	-	3	Terraced House
£50K	01/21	0.29 mi	54, Mulgrave Street, Scunthorpe, North Lincolnshire DN15 6DQ	-	-	3	Terraced House
£80K	10/21	0.29 mi	227, Frodingham Road, Scunthorpe, Humberside DN15 7NS	£769	104	3	Terraced House
£83K	05/21	0.3 mi	96, Burke Street, Scunthorpe, North Lincolnshire DN15 6DF	-	-	3	Terraced House
£162K	05/21	0.32 mi	51, Cliff Gardens, Scunthorpe, North Lincolnshire DN15 7PH	-	-	3	Semi-Detached House
£50K	05/21	0.33 mi	4, George Street, Scunthorpe, North Lincolnshire DN15 6BG	£568	88	3	Semi-Detached House
£220K	01/23	0.34 mi	48, Cliff Gardens, Scunthorpe, North Lincolnshire DN15 7PJ	£2,178	101	3	Semi-Detached House
£66K	12/20	0.34 mi	54, Diana Street, Scunthorpe, North Lincolnshire DN15 6AX	£917	72	3	Terraced House
£127.5K	09/21	0.35 mi	7, Hornsby Crescent, Scunthorpe, North East Lincolnshire DN15 7SE	£1,678	76	3	Semi-Detached House
£115K	06/21	0.35 mi	4, Hornsby Crescent, Scunthorpe, North Lincolnshire DN15 7SE	£1,306	88	3	Semi-Detached House
£111K	07/23	0.35 mi	29, Hornsby Crescent, Scunthorpe, North Lincolnshire DN15 7SE	-	-	3	Semi-Detached House
£85K	04/21	0.35 mi	114, Spencer Avenue, Scunthorpe, North Lincolnshire DN15 7SD	£914	93	3	Semi-Detached House
£120K	01/23	0.37 mi	2, Tomlinson Avenue, Scunthorpe, North Lincolnshire DN15 8HN	-	-	3	Semi-Detached House
£78K	01/21	0.37 mi	16, Tomlinson Avenue, Scunthorpe, North Lincolnshire DN15 8HN	£963	81	3	Semi-Detached House
£72K	01/21	0.37 mi	34, Tomlinson Avenue, Scunthorpe, North Lincolnshire DN15 8HN	£973	74	3	Semi-Detached House
£142K	12/20	0.39 mi	9, Alan Crescent, Scunthorpe, North Lincolnshire DN15 7PL	£1,543	92	3	Semi-Detached House
£140K	11/21	0.39 mi	11, Ferry Road, Scunthorpe, Humberside DN15 8QG	-	-	3	Semi-Detached House

Local Rents

29 rents from £100/mo to £1K/mo, average is £780/mo.

Rent	Date	Distance	Address	Beds	Type
£517	04/24	0.03 mi	Berkeley Street, Scunthorpe	3	House
£650	12/24	0.15 mi	-	3	Terraced House
£100	03/25	0.22 mi	-	3	Semi-Detached House
£800	12/24	0.23 mi	-	3	Terraced House
£725	04/23	0.24 mi	-	3	Semi-Detached House
£900	01/25	0.27 mi	-	3	Terraced House
£900	03/25	0.27 mi	-	3	Terraced House
£900	04/25	0.27 mi	-	3	Terraced House
£900	03/25	0.32 mi	-	3	Terraced House
£850	05/24	0.33 mi	Exeter Road, Scunthorpe, DN15	3	Semi-Detached House
£545	11/23	0.36 mi	-	3	Flat
£750	01/24	0.4 mi	-	3	Terraced House
£750	01/24	0.4 mi	-	3	Terraced House
£700	12/24	0.4 mi	-	3	Terraced House
£975	03/25	0.43 mi	-	3	Semi-Detached House
£850	01/24	0.45 mi	-	3	Semi-Detached House
£925	04/24	0.46 mi	Vicarage Gardens, Scunthorpe	3	Semi-Detached House
£925	04/24	0.46 mi	Vicarage Gardens, Scunthorpe	3	Semi-Detached House
£1,000	02/25	0.47 mi	-	3	Semi-Detached House
£900	04/25	0.47 mi	-	3	Semi-Detached House
£850	02/25	0.49 mi	-	3	Semi-Detached House
£850	12/24	0.51 mi	-	3	Semi-Detached House
£750	04/23	0.51 mi	-	3	Semi-Detached House
£780	01/24	0.53 mi	-	3	Semi-Detached House
£780	01/24	0.53 mi	-	3	Semi-Detached House
£700	08/23	0.58 mi	-	3	Semi-Detached House
£725	05/24	0.58 mi	-	3	Semi-Detached House
£725	05/24	0.58 mi	Crosby Avenue, Scunthorpe, DN15	3	Semi-Detached House
£576	05/24	0.61 mi	Church Lane, Scunthorpe, DN157HB	3	Semi-Detached House

Local Area Statistics

Population in DN15	36,57636,576
Population in Scunthorpe	105,498105,498
Town centre distance	0.74 miles away0.74 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.55 miles away0.55 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+14%+14%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+29%+29%

Property History

Listed for £55,000

March 25, 2025

Description

Three bedroom semi-detached house +
Off road parking +
Rear garden +
In need of modernisation +
Extension potential subject to requisite consents +
Vacant +

StrapLine Auction Sale - 08/04/2025
A three bedroom semi-detached house, benefitting from off road parking and a rear garden, in need of modernisation, well located for the transport links and amenities of Scunthorpe town centre, with extension potential subject to requisite consents. Vacant.

Description A three bedroom semi-detached house. Externally the property benefits from off road parking and a rear garden. In need of modernisation. Extension potential subject to requisite consents. Vacant.

Location Scunthorpe is a town in North Lincolnshire. Located on the south side of Smith Street, close to the turning for Elizabeth Street. Amenities are available locally on Frodingham Road, Doncaster Road and Scunthorpe High Street. Recreational amenities of Memorial Garden, Sheffield Park and Kingsway Gardens are easily accessible.

Transport Scunthorpe - Transpennine Express / Northern.

Accommodation Ground Floor - Entrance Hallway, Two Reception Rooms, Kitchen. First Floor - Three Bedrooms, Bathroom/WC.

Agent Details

Savills Auctions, London

020 3909 6715

Next Steps?

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

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