We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · DN16 3SP
Listing removedReduced £5k (−5.5%) on 21 JunListed 468 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale with no onward chain in the sought after and desirable Bottesford location, this leasehold first floor flat on Rileston Place is a fantastic opportunity for first time buyers or investors.
The accommodation briefly comprises of 2 bedrooms, lounge/diner, kitchen and bathroom. Additional features include a front garden and an allocated parking space.
The flat sits in an excellent position which is not overlooked from the rear, within walking distance to the Bottesford Beck and within close proximity to a range of highly regarded schools and local amenities.
Any interested parties please be aware this property is leasehold. For any further information regarding the lease please contact Starkey&Brown.
An internal inspection is highly recommended, call today to view! Leasehold.
Council tax band: A Lounge (14' 6'' x 10' 9'' (4.42m x 3.27m)) Having uPVC double glazed window to the rear aspect and radiator.
Kitchen (8' 6'' x 7' 5'' (2.59m x 2.26m)) Having uPVC double glazed window to the rear aspect, gas central heating boiler (new 2015, serviced annually), a range of wall and base units with work surfaces over, inset sink and drainer unit, built in oven, hob and extractor, full height fridge freezer (new 2023) and space/plumbing for washing machine.
Bedroom 1 (9' 7'' x 12' 3'' (2.92m x 3.73m)) Having uPVC double glazed window to the front aspect, radiator and built in cupboard.
Bedroom 2 (10' 4'' x 8' 9'' (3.15m x 2.66m)) Having uPVC double glazed window to the front aspect and radiator.
Bathroom (5' 4'' x 6' 3'' (1.62m x 1.90m)) Having uPVC double glazed window to the side aspect, panelled bath with shower over, wash hand basin, WC and radiator.
Outside Front Having a lawned front garden and an allocated parking space. Agents Note Any interested parties please be aware this property is leasehold.
For any further information regarding the lease please contact Starkey&Brown.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
.png){kind=logo}
FAQ
About 20, Rileston Place, Scunthorpe
Explore nearby
