Mixed Use Investment Opportunity, Scunthorpe
By Walshe's Property
£ 950,000
Reviews
2 out of 5 stars
Walshe's Property says ..
Walshe's Property proudly presents this fantastic mixed used investment opportunity in the heart of Scunthorpe, North Lincolnshire. Comprising of nine flats, two houses and three commercial units with associated stores to the rear. Currently the property is fully tenanted, however, the current re...
Property Oracle says ..
This mixed-use investment opportunity in Scunthorpe presents a complex case. The property comprises a substantial building with 17 bedrooms and 11 bathrooms, suggesting potential for significant rental income. Its location on Frodingham Road offers reasonable access to transport links and local schools. The interior appears to be in good condition, with updated kitchens and bathrooms, though not luxurious. However, the lack of provided square footage data makes a complete assessment of value difficult. The external areas are limited, and there is no indication of a garden. The list price of £950,000 seems high compared to nearby residential property prices, which are significantly lower. A thorough market analysis, including a detailed appraisal of the potential rental income, is required to ascertain the true value of this property and whether the asking price represents good value for money. Investors should carefully consider the potential rental yield and the overall market conditions in Scunthorpe before making an offer.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 5
- Condition
- 7
- Location
- 6
- Land
- 2
- Bedrooms
- 17
- Bathrooms
- 11
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 371,130.00 £Increased by 2.62 %
- Average area rental value
- 1,597.00 £/moIncreased by 9.08 %
- Est rental Yield
- 5.16 %Increased by 6.17 %
- Crime Rate
- 46.00 %Unchanged by 0.00 %
Agent Activity
Walshe's Property created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Scunthorpe Cofe Primary School | Voluntary Controlled School | Good | 0.56 KM |
| West Street Children'S Centre | Children's Centre | 0.60 KM | |
| Oasis Academy Henderson Avenue | Academy Sponsor Led | Good | 0.84 KM |
| Henderson Avenue Children'S Centre | Children's Centre | 0.89 KM | |
| Crosby Primary School | Community School | Good | 0.90 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| West Street | £ 80,000 | 0 | 0.00 KM |
| Mulgrave Street South | £ 0 | 0 | 0.00 KM |
| Sheffield Street West | £ 85,000 | 0 | 0.00 KM |
| High Street | £ 0 | 0 | 0.00 KM |
| King Street | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Scunthorpe | 6456 | SCU | 0.69 KM |
| Althorpe | 6532 | ALP | 8.79 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Mixed Use Investment Opportunity, Scunthorpe | £ 950,000 | BUY | 5 / 10 | 0.00 KM |
| Teale Street, Scunthorpe | £ 95,000 | BUY | 6 / 10 | 0.15 KM |
| Parkinson Avenue, Scunthorpe, DN15 | £ 129,950 | BUY | 6 / 10 | 0.16 KM |
| Beauty & Beyond 22 Oswald Road, Scunthorpe | £ 170,000 | BUY | 5 / 10 | 0.17 KM |
| Percival Street, Scunthorpe | £ 95,000 | BUY | 5 / 10 | 0.19 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 110 Frodingham Road | £ 10,000 | 0.11 KM |
| 52 West Street | £ 65,000 | 0.11 KM |
| 97 West Street | £ 13,000 | 0.11 KM |
| 50 West Street | £ 46,000 | 0.11 KM |
| 97a West Street | £ 13,500 | 0.11 KM |