2-bedroom flat · DN16 2EA
Listing removedListed 100 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ongo Homes have a two-bedroom second floor flat available on Gloucester Avenue in the Ashby area of Scunthorpe.
The property consists of compact kitchen, living room, bathroom (bath with overhead shower) and two bedrooms; one single sized, one double sized.
This property benefits from having built in storage available and a balcony area for private outside space.
This available flat sits within a block of flats surrounded by communal green space which is maintained by Ongo Homes and its contractors. On street parking is available close to the block of flats.
Access to the flat is gained through a secure fob entry communal door with internal stairs up to the front door. Ongo Homes do not allow pets to live at this address.
Only children aged four and above will be allowed to live/ stay at this property. Ongo Homes will require a minimum of two weeks advanced rent to secure the property.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Gloucester Avenue, Scunthorpe
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