Mixed Use Investment Opportunity, Scunthorpe
Walshe's Property logo

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 %
from 361,672.00 £
Average area rental value
1,597.00 £/mo
Increased by 9.08 %
from 1,464.00 £/mo
Est rental Yield
5.16 %
Increased by 6.17 %
from 4.86 %
Crime Rate
46.00 %
Unchanged by 0.00 %
from 46.00 %

Agent Activity

  • Walshe's Property created the listing.

Nearby Schools

NameTypeOfstedDistance
Scunthorpe Cofe Primary SchoolVoluntary Controlled SchoolGood0.56 KM
West Street Children'S CentreChildren's Centre0.60 KM
Oasis Academy Henderson AvenueAcademy Sponsor LedGood0.84 KM
Henderson Avenue Children'S CentreChildren's Centre0.89 KM
Crosby Primary SchoolCommunity SchoolGood0.90 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
West Street £ 80,00000.00 KM
Mulgrave Street South £ 000.00 KM
Sheffield Street West £ 85,00000.00 KM
High Street £ 000.00 KM
King Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Scunthorpe6456SCU0.69 KM
Althorpe6532ALP8.79 KM

Nearby Listings

AddressPriceTypeScoreDistance
Mixed Use Investment Opportunity, Scunthorpe £ 950,000BUY5 / 100.00 KM
Teale Street, Scunthorpe £ 95,000BUY6 / 100.15 KM
Parkinson Avenue, Scunthorpe, DN15 £ 129,950BUY6 / 100.16 KM
Beauty & Beyond 22 Oswald Road, Scunthorpe £ 170,000BUY5 / 100.17 KM
Percival Street, Scunthorpe £ 95,000BUY5 / 100.19 KM

Nearby Properties

AddressPriceDistance
110 Frodingham Road £ 10,0000.11 KM
52 West Street £ 65,0000.11 KM
97 West Street £ 13,0000.11 KM
50 West Street £ 46,0000.11 KM
97a West Street £ 13,5000.11 KM