22 High Street, Dragonby, Scunthorpe, South Humberside

Description

Vacant freehold semi-detached house. Ground floor: two reception rooms and kitchen. First floor: two bedrooms and bathroom with WC. Garden to the rear. Scunthorpe rail station is approximately 2.6 miles to the south and Millennium Wood is nearby.

Accommodation

Ground floor - two reception rooms, kitchen. First floor - two bedrooms and bathroom with WC. Garden to the rear.

Location

Situated on the north side of High Street. The shops and amenities of Scunthorpe town centre are to the south. Scunthorpe rail station (Northern and Transpennine) is approximately 2.6 miles to the south. The M180 motorway is to the south. Millennium Wood is nearby.

Tenure / Property Information

Investment Analysis

Five supplied same-street freehold semi-detached sales range from £80,000 to £150,000. The closest numerical reference is 23 High Street at £95,000, while the wider range shows substantial variation. As the comparables' accommodation, condition and specifications are not supplied, £95,000 is used as a cautious indicative base GDV, with £80,000 low and £150,000 high scenarios. This is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only after inspection, legal due diligence and independent rental evidence. The guide appears below the cautious comparable-based GDV, but missing condition and cost data prevent a reliable bid or strategy decision.

Works Required

No specific defects or refurbishment requirements are evidenced. A physical inspection and legal review are required before estimating works; only works identified by inspection should be budgeted.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A cautious indicative GDV of £95,000 implies 75% refinance proceeds of £71,250. Refurbishment cost, purchase costs, finance costs and rent are unsupported, so total project cost, equity requirement and cash left in cannot be calculated.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. EPC, council tax, heating and parking information are also unavailable.

Flip Analysis

The indicative £95,000 base GDV is supported only by broad same-street evidence, with supplied sales ranging from £80,000 to £150,000. No condition, works budget, selling allowance or buyer/admin fees are supplied, so a reliable flip surplus cannot be calculated.

Investor Risks & Due Diligence

• Subject condition and required works are unknown.

• Comparable sale prices vary materially from £80,000 to £150,000 and the comparables' sizes and conditions are not supplied.

• No reliable rental evidence or auctioneer rent estimate is available.

• Buyer premium, administration charges and other possible fees are unspecified.

• EPC, council tax, heating and parking information are unavailable.

• The property is vacant, so no passing rental income is evidenced.

Recommendation

Proceed only after inspection, legal due diligence and independent rental evidence. The guide appears below the cautious comparable-based GDV, but missing condition and cost data prevent a reliable bid or strategy decision.

Strategy Rating

Analysis Confidence

There are several same-street completed sales, but the subject's condition, floor area, specification, rental value, EPC and transaction costs are not supplied, preventing reliable project-cost and yield calculations.