BRH says ..
*INVESTORS ONLY - SOLD WITH TENANTS IN SITU* This is a rare opportunity to purchase a 5 bedroom HMO in Scunthorpe Town Centre which comprises two residential properties converted into one building
Property Oracle says ..
This five-bedroom, five-bathroom property in Scunthorpe town centre presents a compelling investment opportunity, particularly for those seeking a rental property. The property description emphasises its potential as an HMO (House of Multiple Occupancy), suggesting it’s been renovated for multiple-occupancy living. The photographs reveal recently updated interiors, including modern kitchens and bathrooms, contributing to the positive impression. The property’s location within Scunthorpe town centre provides straightforward access to local amenities and transportation networks, which are significant advantages. However, the complete lack of exterior space is a substantial drawback; there’s no mention of a garden or even a small yard. The absence of detailed information on the property’s structural condition, and surrounding context, makes a completely impartial valuation difficult, this is further exacerbated by a lack of definitive local comparable properties. Overall, it’s a functional property, well-suited for rental income but may lack appeal to buyers seeking more traditional living spaces with outdoor amenities. The lack of detailed information on the structural condition prevents a thorough market valuation. Further information would improve the overall assessment of this property.
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
- 7
- Condition
- 7
- Location
- 6
- Land
- 1
- Bedrooms
- 5
- Bathrooms
- 5
- Sqft (est)
- 574.30
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 %
- Est sale value
- 245,800.40 £Increased by 32.10 %
- Average area rental value
- 1,597.00 £/moIncreased by 9.08 %
- Est letting value
- 574.30 £/moUnchanged by 0.00 %
- Est rental Yield
- 5.16 %Increased by 6.17 %
- Crime Rate
- 10.00 %Unchanged by 0.00 %
Agent Activity
BRH created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Frodingham Children'S Centre | Children's Centre | 0.54 KM | |
| West Street Children'S Centre | Children's Centre | 0.55 KM | |
| Scunthorpe Cofe Primary School | Voluntary Controlled School | Good | 0.55 KM |
| Frodingham Infant School | Community School | Outstanding | 0.64 KM |
| St Hugh'S Special School | Community Special School | Outstanding | 1.01 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| West Street | £ 80,000 | 0 | 0.00 KM |
| High Street | £ 0 | 0 | 0.00 KM |
| Mulgrave Street South | £ 0 | 0 | 0.00 KM |
| The Crofts | £ 0 | 0 | 0.00 KM |
| Karen Court | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Scunthorpe | 6456 | SCU | 0.27 KM |
| Althorpe | 6532 | ALP | 9.10 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Laneham Street, Scunthorpe, DN15 | £ 179,995 | BUY | 5 / 10 | 0.00 KM |
| Shelford Street, Scunthorpe, Lincolnshire, DN15 | £ 80,000 | BUY | Unknown | 0.08 KM |
| Comforts Avenue, Scunthorpe | £ 110,000 | BUY | 6 / 10 | 0.18 KM |
| Corporation Road, Scunthorpe | £ 155,000 | BUY | 6 / 10 | 0.22 KM |
| Linea Apartments, Dunstall Street, Scunthorpe, DN15 | £ 60,000 | BUY | 5 / 10 | 0.22 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 39 Laneham Street | £ 65,000 | 0.10 KM |
| 2 Shelford Street | £ 70,000 | 0.10 KM |
| 22 Shelford Street | £ 71,500 | 0.10 KM |
| 31 Laneham Street | £ 69,950 | 0.10 KM |
| 37 Laneham Street | £ 89,000 | 0.10 KM |