3 Bed Terraced House, Refurb/BRRR, Scunthorpe, DN15 7UN, £79,000

Derby Road, Scunthorpe, Lincolnshire, DN15 7UN - 9 days ago

Auction
Refurb/BRRR
ROI: 3%
~93 m²
+2 photos

ValuationFair Value

Sold Prices£93K - £229K
Sold Prices/m²£1.1K/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£849/m²

Value Estimate

£80,580

 

 

End Value (After Refurb)

£148,437

Uplift in Value

+88%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£19,750

Stamp Duty & Legal Fees

£5,150

Refurb Costs

£36,800

Bridging Loan Interest

£2,074

Total Cash In

£65,524

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£148,437

Agent Fees (1%)

£1,484

Bridging Loan

£59,250

Bridging Loan Interest

£2,074

Flip Profit

£22,179

Local Sold Prices

50 sold prices from £93K to £229K, average is £137.3K. £1.1K/m² to £2.8K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£100K03/210.08 mi18, Castleton Road, Scunthorpe, North Lincolnshire DN15 7UX3
£134K02/230.13 mi1, Buxton Court, Scunthorpe, North Lincolnshire DN15 7UF3
£105.5K01/230.15 mi6, Heanor Court, Scunthorpe, North Lincolnshire DN15 7UE3
£110K03/230.15 mi4, Heanor Court, Scunthorpe, North Lincolnshire DN15 7UE3
£138K12/210.2 mi1, Minster Road, Scunthorpe, North Lincolnshire DN15 7EP3
£140K07/230.2 mi10, Minster Road, Scunthorpe, North Lincolnshire DN15 7EP3
£120K12/200.2 mi24, Minster Road, Scunthorpe, North Lincolnshire DN15 7EP3
£150K07/230.2 mi27, Lodge Road, Scunthorpe, North Lincolnshire DN15 7EN3
£126K09/210.24 mi3, Fillingham Crescent, Scunthorpe, North Lincolnshire DN15 8BL3
£104.5K05/210.26 mi67, Edgemere, Scunthorpe, North Lincolnshire DN15 7ET3
£180K08/230.28 mi182, Scotter Road, Scunthorpe, North Lincolnshire DN15 7EQ3
£205K03/210.29 mi224, Scotter Road, Scunthorpe, North Lincolnshire DN15 7EH3
£165K12/200.3 mi6, Wares Way, Gunness, Scunthorpe, North Lincolnshire DN15 8DU3
£185K08/230.3 mi16, Moors Road, Scunthorpe, North Lincolnshire DN15 7EL3
£162K02/210.3 mi16, Moors Road, Scunthorpe, North Lincolnshire DN15 7EL3
£113K03/230.3 mi23, Hilton Avenue, Scunthorpe, North Lincolnshire DN15 8BB3
£110K11/210.3 mi15, Hilton Avenue, Scunthorpe, North Lincolnshire DN15 8BB3
£93K11/200.3 mi25, Hilton Avenue, Scunthorpe, North Lincolnshire DN15 8BB3
£130K11/200.3 mi74, Hilton Avenue, Scunthorpe, North Lincolnshire DN15 8BD3
£210K03/230.3 mi233, Scotter Road, Scunthorpe, North Lincolnshire DN15 7EJ3
£168K04/210.31 mi201, Scotter Road, Scunthorpe, North Lincolnshire DN15 7EJ3
£191K05/230.31 mi229, Scotter Road, Scunthorpe, North Lincolnshire DN15 7EJ3
£96.5K02/230.32 mi33, Hilton Avenue, Scunthorpe, North Lincolnshire DN15 8BB3
£126K11/210.38 mi8, Wilkie Close, Scunthorpe, North Lincolnshire DN15 8BH3
£108.5K03/210.4 mi142, Hilton Avenue, Scunthorpe, North Lincolnshire DN15 8BG3
£127K02/210.46 mi30, Burn Road, Scunthorpe, North Lincolnshire DN15 8AX3
£225K05/210.51 mi11, Hartshead Avenue, Scunthorpe, North Lincolnshire DN15 8AF3
£190K11/220.54 mi12, Herriot Walk, Scunthorpe, North Lincolnshire DN15 8EG3
£129.5K04/210.55 mi60, Collinson Avenue, Scunthorpe, North Lincolnshire DN15 8AB3
£136.5K12/200.55 mi142, Plymouth Road, Scunthorpe, North Lincolnshire DN17 1TT3
£163K08/210.56 mi19, Weymouth Crescent, Scunthorpe, North Lincolnshire DN17 1TU3
£170K07/230.58 mi19, Collinson Avenue, Scunthorpe, North Lincolnshire DN15 8AA3
£111.5K12/200.58 mi13, Collinson Avenue, Scunthorpe, North Lincolnshire DN15 8AA3
£144.9K04/210.58 mi9, Stanley Road, Scunthorpe, North Lincolnshire DN15 8AR3
£110K05/210.58 mi40, Lister Road, Scunthorpe, North Lincolnshire DN15 8AE3
£229K04/210.59 mi69, Weymouth Crescent, Scunthorpe, North Lincolnshire DN17 1TU3
£135K04/210.61 mi41, Stanley Road, Scunthorpe, North Lincolnshire DN15 8AQ3
£151K03/230.65 mi8, Mirfield Road, Scunthorpe, North Lincolnshire DN15 8AN3
£165K10/210.65 mi24, Marsden Drive, Scunthorpe, North Lincolnshire DN15 8AD3
£100K03/230.67 mi14, Hindon Walk, Scunthorpe, North Lincolnshire DN17 1UF3
£146K05/230.68 mi42, Cliff Closes Road, Scunthorpe, North Lincolnshire DN15 7HU3
£148K10/210.68 mi46, Cliff Closes Road, Scunthorpe, North Lincolnshire DN15 7HU3
£165K11/200.7 mi21, Cliff Closes Road, Scunthorpe, North Lincolnshire DN15 7HT3
£139.9K08/210.76 mi23, Holmfirth Road, Scunthorpe, North Lincolnshire DN15 8DN3
£139.5K11/210.78 mi1, Holmfirth Road, Scunthorpe, North Lincolnshire DN15 8DW3
£133K04/210.79 mi3, Burnham Road, Scunthorpe, North Lincolnshire DN15 7HG3
£130K07/230.8 mi35, Axholme Road, Scunthorpe, North Lincolnshire DN15 7HL3
£145K02/230.81 mi32, Axholme Road, Scunthorpe, North Lincolnshire DN15 7HL3
£112K11/200.81 mi18, Newland Drive, Scunthorpe, North Lincolnshire DN15 7HP3
£107.5K11/200.81 mi6, Newland Drive, Scunthorpe, North Lincolnshire DN15 7HP3

Local Rents

32 rents from £576/mo to £1.2K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£70004/240.08 mi-3
£82505/240.28 miScotter Road, SCUNTHORPE3
£67510/230.46 mi-3
£94012/240.59 miAppledore Crescent, Scunthorpe, DN173
£80001/250.69 mi-3
£85002/240.78 mi-3
£85001/250.78 mi-3
£67503/250.79 mi-3
£76011/230.8 mi-3
£1,20002/240.81 mi-3
£1,00004/240.83 mi-3
£1,15003/250.83 mi-3
£1,00003/240.83 miChurch Lane, Scunthorpe, DN153
£75004/230.94 mi-3
£85002/250.94 mi-3
£82504/230.95 mi-3
£85012/240.97 mi-3
£57605/240.99 miChurch Lane, Scunthorpe, DN157HB3
£85001/241 mi-3
£80012/241.02 mi-3
£85012/241.12 mi-3
£72504/231.16 mi-3
£82504/241.16 mi-3
£82505/241.16 mi-3
£92504/241.17 miVicarage Gardens, Scunthorpe3
£92504/241.17 miVicarage Gardens, Scunthorpe3
£79511/241.18 mi-3
£75012/241.18 mi-3
£75011/241.18 mi-3
£72504/231.21 mi-3
£78001/241.21 mi-3
£78001/241.21 mi-3

Local Area Statistics

Population in DN15

36,576

Population in Scunthorpe

105,498

Town centre distance

1.61 miles away

Nearest school

0.70 miles away

Nearest train station

1.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £79,000

March 26, 2025

Floor Plans

Description

  • MID TOWN HOUSE +
  • NO UPWARD CHAIN +
  • MODERN METHOD OF AUCTION +
  • 3 BEDROOMS +
  • DINING ROOM/THIRD BEDROOM +
  • FITTED KITCHEN DINER +
  • LOUNGE +
  • ENCLOSED GARDEN +
  • CLOSE TO LOCAL AMENITIES & TRANSPORT LINKS +
  • VIEW VIA OUR SCUNTHORPE OFFICE +

MODERN METHOD OF AUCTION IN NEED OF COMPLETE RENOVATION ** A mid town house situated in a well established residential area convenient for the motorway network retail parks and town centre. The well proportioned accommodation that requires a full scheme of modernising throughout and is thought ideal for an investor purchase briefly comprises: Entrance hall, lounge, dining room which could also be used as third bedroom, kitchen and cloakroom. To the first floor are two bedrooms and bathroom. Driveway and gravelled area to the front allows for parking of two cars, fenced garden to the rear. Benefits from gas central heating and double glazing. View via our Scunthorpe office. EPC Rating: TBC, Council Tax Band: A.

This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, however from the date the Draft Contract is received by the buyers solicitor, the buyer is given 56 days in which to complete the transaction, with the aim being to exchange contracts within the first 28 days. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Reservation Fee of 4.5% to a minimum of £6,600.00 including VAT 4.5% of the final agreed sale price including VAT. This is subject to a minimum payment of £6,600.00 including VAT. which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Northern Lincolnshire Property Auction powered by IAM Sold. Reservation Fee is in addition to the final negotiated selling price.

Agent Details

Paul Fox, Scunthorpe

01724 514340

Next Steps?

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