3 Bed Semi-Detached House, Refurb/BRRR, Scunthorpe, DN16 2DA, £185,000

Old Brumby Street, Scunthorpe, DN16 2DA - a month ago

Refurb/BRRR
ROI: 1%
~97 m²
+22 photos

ValuationOvervalued

Sold Prices£84K - £215K
Sold Prices/m²£1.1K/m² - £2K/m²

 

 

Square Metres

~97.36 m²
Price/m²£1.9K/m²

Value Estimate

£146,002

 

 

End Value (After Refurb)

£179,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£11,650

Refurb Costs

£39,363

Bridging Loan Interest

£4,856

Total Cash In

£103,869

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£179,000

Mortgage (After Refinance)

£134,250

Mortgage LTV

75%

Cash Left In

£103,869

Equity

£44,750

Rent Range

£625 - £975

Rent Estimate

£794

Running Costs/mo

£738

Cashflow/mo

£56

Cashflow/yr

£670

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £84K to £215K, average is £141.5K. £1.1K/m² to £2K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£165K01/230.01 mi23, Old Brumby Street, Scunthorpe, North Lincolnshire DN16 2DA3
£167.5K01/210.01 mi17, Old Brumby Street, Scunthorpe, North Lincolnshire DN16 2DA3
£180K08/230.02 mi11, Rugby Road, Scunthorpe, North Lincolnshire DN16 2DD3
£175K04/230.11 mi16, Rivelin Crescent, Scunthorpe, North Lincolnshire DN16 2AL3
£147K02/230.16 mi73, Old Brumby Street, Scunthorpe, North Lincolnshire DN16 2AJ3
£132.5K11/210.19 mi7, Chestnut Way, Scunthorpe, North Lincolnshire DN16 2EN3
£84K01/210.21 mi1, Elm Grove, Scunthorpe, North Lincolnshire DN16 2EP3
£84K01/210.21 mi1, Elm Grove, Scunthorpe, North Lincolnshire DN16 2EP3
£122K04/210.24 mi6, Gloucester Avenue, Scunthorpe, North Lincolnshire DN16 2DN3
£128K11/200.24 mi3, Gloucester Avenue, Scunthorpe, North Lincolnshire DN16 2DN3
£129K05/210.24 mi10, Gloucester Avenue, Scunthorpe, North Lincolnshire DN16 2DN3
£167K05/230.24 mi186, Cemetery Road, Scunthorpe, North Lincolnshire DN16 1NU3
£120K09/230.24 mi12, Shirley Crescent, Scunthorpe, North Lincolnshire DN16 1NX3
£147K03/230.26 mi69, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LR3
£128.8K11/210.26 mi29, Revesby Avenue, Scunthorpe, North Lincolnshire DN16 2DG3
£171K07/230.26 mi33, Revesby Avenue, Scunthorpe, North Lincolnshire DN16 2DG3
£166K12/220.26 mi55, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LR3
£170K01/230.29 mi16, Kingston Road, Scunthorpe, North Lincolnshire DN16 2BE3
£137.5K07/210.3 mi1, Collum Avenue, Scunthorpe, North Lincolnshire DN16 2EU3
£140K12/220.3 mi8, Collum Avenue, Scunthorpe, North Lincolnshire DN16 2EU3
£150K03/210.31 mi16, Atlas Road, Scunthorpe, North Lincolnshire DN17 1BZ3
£110K12/200.32 mi29, Hampton Road, Scunthorpe, North Lincolnshire DN16 1QJ3
£185K01/230.32 mi18, Kingston Road, Scunthorpe, North Lincolnshire DN16 2BE3
£100K07/210.35 mi31, Chestnut Way, Scunthorpe, North Lincolnshire DN16 2EX3
£136K06/210.35 mi1, Kingston Road, Scunthorpe, North Lincolnshire DN16 2BG3
£150K04/230.35 mi65, Kingston Road, Scunthorpe, North Lincolnshire DN16 2BG3
£162.5K07/230.35 mi3, Kingston Road, Scunthorpe, North Lincolnshire DN16 2BG3
£105K01/230.36 mi44, Kingston Road, Scunthorpe, North Lincolnshire DN16 2BE3
£185K08/210.36 mi45, Lloyds Avenue, Scunthorpe, North Lincolnshire DN17 1BY3
£132.5K05/210.37 mi89, Cemetery Road, Scunthorpe, North Lincolnshire DN16 1EB3
£169.9K04/210.37 mi10, Lloyds Avenue, Scunthorpe, North Lincolnshire DN17 1BX3
£130K01/210.37 mi49, Bushfield Road, Scunthorpe, North Lincolnshire DN16 1ND3
£137.5K07/230.38 mi12, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LN3
£127K12/200.38 mi9, Maple Tree Way, Scunthorpe, North Lincolnshire DN16 1LN3
£120K07/210.38 mi35, West Common Crescent, Scunthorpe, North Lincolnshire DN17 1DQ3
£157K04/210.39 mi20, West Common Crescent, Scunthorpe, North Lincolnshire DN17 1DJ3
£143K03/210.39 mi8, West Common Crescent, Scunthorpe, North Lincolnshire DN17 1DJ3
£135.7K06/230.39 mi11, Hawthorne Avenue, Scunthorpe, North Lincolnshire DN17 1DL3
£130K05/230.39 mi15, Hawthorne Avenue, Scunthorpe, North Lincolnshire DN17 1DL3
£150K12/220.39 mi16, Neath Road, Scunthorpe, North Lincolnshire DN16 1LW3
£152K07/230.4 mi16, Stow Road, Scunthorpe, North Lincolnshire DN16 2DX3
£131K11/210.41 mi47, Barlings Avenue, Scunthorpe, North Lincolnshire DN16 2AY3
£126K11/200.41 mi13, Barlings Avenue, Scunthorpe, North Lincolnshire DN16 2AY3
£107.5K06/210.41 mi34, Collum Avenue, Scunthorpe, North Lincolnshire DN16 2HQ3
£215K11/200.41 mi92, Ashby Road, Scunthorpe, North Lincolnshire DN16 1NR3
£175K02/210.41 mi38, Ashby Road, Scunthorpe, North Lincolnshire DN16 1NR3
£125K08/230.42 mi15, Lime Grove, Scunthorpe, North Lincolnshire DN16 2HL3
£170K06/210.42 mi6, West Common Lane, Scunthorpe, North Lincolnshire DN17 1DX3
£180K11/210.42 mi58, Ashby Road, Scunthorpe, North Lincolnshire DN16 1NR3
£154.9K01/210.42 mi7, Bardney Avenue, Scunthorpe, North Lincolnshire DN16 2AX3

Local Rents

15 rents from £625/mo to £975/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£80003/250.43 mi-3
£67503/240.44 miHaig Avenue, Scunthorpe3
£90012/240.45 miWest Common Gardens, Scunthorpe3
£90002/250.47 mi-3
£62503/240.48 miAbercorn Street, SCUNTHORPE3
£72512/230.54 mi-3
£80004/240.54 mi-3
£79501/250.54 mi-3
£81502/250.54 mi-3
£79502/250.54 mi-3
£65003/240.56 miRowland Road, Scunthorpe3
£63503/240.58 miCherry Grove, Scunthorpe3
£85001/250.58 mi-3
£97512/240.59 mi-3
£97503/250.61 mi-3

Local Area Statistics

Population in DN16

31,697

Population in Scunthorpe

105,498

Town centre distance

0.43 miles away

Nearest school

0.10 miles away

Nearest train station

0.64 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £185,000

March 21, 2025

Floor Plans

Description

  • NO CHAIN +
  • Traditional Bay-Fronted Semi-Detached Family Home +
  • Fitted Kitchen +
  • Lounge with Bay Window +
  • Generous Sitting Room/Dining Area +
  • Four-Piece Family Bathroom +
  • Established Front and Rear Gardens +
  • Ample Driveway and Single Garage +
  • Highly Sought-After Old Brumby Location +

LOCATION, LOCATION, LOCATON!!!

Exciting opportunity to purchase this spacious three-bedroom semi-detached family home that would benefit from a scheme of modernisation and is situated Old Brumby Street in the highly popular residential location of Old Brumby in Scunthorpe.

Boasting a generous lounge, a separate sitting room/dining area, a good-size fitted kitchen, a four-piece bathroom, ample driveway, a single garage and mature gardens. This superb home is offered with no chain for ease of purchase, and would make an ideal purchase for growing families or first-time buyers looking to add their personal stamp to their dream home!!!

Step Inside
This superb family home offers a warm and inviting entrance hallway, complete with a staircase leading to the first floor and a useful storage cupboard beneath. The hallway seamlessly connects to the spacious front-facing lounge, which features an elegant walk-in bay window and a charming fireplace with a wooden surround, creating a cosy yet stylish living space.
Beyond the hallway, a generous sitting room/dining area provides an ideal setting for both relaxation and entertaining, enhanced by a contemporary wall-mounted fire and patio doors that open directly onto the garden. The kitchen is fitted with a range of wooden-fronted base and wall-mounted cabinets, complemented by a freestanding oven and ample space for white goods. A folding door grants access to the understairs storage cupboard, while a further door leads conveniently to the garden, ensuring a practical and well-connected layout.

The first floor accommodates a generous front-facing master bedroom, enjoying delightful views over the garden, along with an elegant walk-in bay window that enhances the sense of space and light. A further double bedroom overlooks the rear garden, offering a peaceful retreat featuring built-in wardrobes, while a well-proportioned single bedroom, currently utilised as a home office, completes the sleeping accommodation. All bedrooms are served by a stylish four-piece shower room, comprising a walk-in shower cubicle, a bath, a hand wash basin, and a low-level flush WC, providing both convenience and comfort for family living.

Externally, this property is set on a generous plot, featuring a well-maintained front garden predominantly laid to lawn, complemented by mature planted borders that add character and charm. A concrete driveway provides convenient off-road parking and leads to a double garage, complete with power and lighting for additional functionality. The rear garden offers a private, non-overlooked setting, mainly laid to lawn with established borders, mature bushes, and trees, creating a peaceful outdoor retreat. A paved patio seating area provides the perfect space for outdoor dining and entertaining, making this an ideal home for families and those who enjoy spending time outdoors.

BOOK YOUR VIEWING TODAY!!!

Location
Old Brumby is a well-established residential area in Scunthorpe, North Lincolnshire, known for its blend of characterful homes, green spaces, and convenient amenities. The neighbourhood has a mix of traditional and modern properties, making it an attractive choice for families, professionals, and retirees alike. With tree-lined streets and a strong sense of community, Old Brumby offers a peaceful yet well-connected living environment.
The area benefits from its proximity to local schools, including the well-regarded St. Bede’s Catholic Voluntary Academy and Brumby Junior School, making it a popular choice for families. Everyday essentials are within easy reach, with shops, cafes, and services nearby, while larger retail options and entertainment venues are available in Scunthorpe town center, just a short drive away.

Central Park provides a scenic outdoor space for walks, picnics, and recreation, contributing to the area's appeal for those who enjoy green surroundings. Transport links are excellent, with easy access to the M181 and A18 for commuting, as well as bus routes connecting the area to other parts of Scunthorpe and beyond. Combining suburban charm with modern conveniences, Old Brumby remains a desirable location for those seeking a comfortable and well-situated place to call home.

Agent Details

DDM Residential, Scunthorpe

01724 514335

Next Steps?

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