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1 Corby Road, Scunthorpe DN16 1TZ
Marketed by:
Auction House Lincolnshire
124 Trinity St, Gainsborough DN21 1JD, UK
01427 616436
3 Bed Semi-Detached House
1 Corby Road, Scunthorpe DN16 1TZ
Sold
£45,000+
Key Features
3 Bed Semi-Detached House
Guide price £45,000+
Located at 1 Corby Road, Scunthorpe DN16 1TZ
Suggested strategy: BRRR
Description
Three-bedroom semi-detached house in Scunthorpe with refurbishment and rental/resale potential.
Location
The property is in 1 Corby Road. The investment case should be checked against local transport, amenities, employment and tenant-demand drivers before bidding.
Investment Analysis
Investment Snapshot
Guide Price | £45,000+ |
Tenure | Refer to auction particulars / legal pack |
Condition | HB: refurbishment / due-diligence allowance assumed |
HB Estimated Market Rent | £950–£1,250 pcm |
HB Estimated Annual Rent | £11,400–£15,000 pa |
Refurbishment / Works Budget | HB indicative £30,000–£51,000 |
Purchase + Works | £75,000–£96,000 |
HB Indicative GDV / Value | £145,000–£205,000 |
Gross Yield on Guide | 25.3%–33.3% |
Gross Yield on Project Cost | 11.9%–20.0% |
Suggested Strategy | BRRR |
Strategy Recommendation
BRRR. The low auction guide provides potential headroom, but the maximum bid should be tested against condition, legal-pack liabilities, achievable rent and local comparable evidence.
Works Required
Obtain a full survey and contractor quotations. Budget for property-specific repairs, compliance works, services testing, decoration and any kitchen/bathroom or common-parts upgrades identified on inspection.
Rental & Market Context
HB indicative rent: £950–£1,250 pcm (£11,400–£15,000 pa). This is an HB estimate, not an auctioneer-quoted rent, unless an existing tenancy is specifically stated above.
Sold within approximately 5 miles
Reliable sold-comparable evidence should be checked against Land Registry data before setting a maximum bid; no unverified comparable addresses or prices have been inserted.
Potential BRRR Position
Illustrative 75% refinance on the HB indicative value range is approximately £108,750–£153,750. Actual refinance depends on lender valuation, rent stress testing, property type, condition and borrower circumstances.
Flip Analysis
Indicative gross spread before transaction and finance costs is approximately £49,000–£130,000. This is not profit and excludes SDLT, auction/legal fees, finance, holding costs, professional fees, selling costs, tax and contingency.
Investor Risks & Due Diligence
Review the legal pack, title, special conditions, buyer fees, completion period, survey, services, EPC, planning/building regulations, finance and local rental/sold evidence. For leasehold property also verify lease length, ground rent, service charge and major works.
Recommendation
Initial recommendation: BRRR. Proceed only after verifying the legal pack, physical condition, total acquisition costs and local market evidence.
Strategy Rating
Buy-to-Let: ★★★★☆ | BRRR: ★★★★☆ | Flip: ★★★☆☆
Auction Details :
Auction House Lincolnshire
Auction Date :
07/09/26
Lot Number :
010
Property Location:
1 Corby Road, Scunthorpe DN16 1TZ
View our Property Calculators:
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BRRR Calculator - Estimate your potential returns after refurbishment and refinancing.
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Buy to Let Calculator - Calculate rental yield, cash flow and potential return.
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Property Development Calculator - Assess development costs, GDV and potential profit.
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Build Cost Calculator - Estimate refurbishment, extension and construction costs.
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Bridging Finance Calculator - Estimate borrowing costs and potential finance requirements.