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See how verdicts work2-bedroom flat · DN15 8BH
For saleListed 265 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Here we have a great opportunity for those looking to invest or add to their property portfolio, or potentially a first time buyer.
The property is a ground floor two-bedroom flat, located in the Berkeley estate, on Wilkie Close, and is currently occupied by a long term tenant.
Buy-to-Let / First time buyer opportunity Long term tenant currently in situ Two bedrooms Large garden space Off road parking Council Tax Band A The property itself is a 2-bedroom ground floor flat located in Scunthorpe, the property includes a large double bedroom and single bedroom with storage, open lounge with kitchen including integrated cooker and hob.
The property also includes a large rear and side garden. The location of the property is within walking distance to local amenities, including shopping centre, schools, and transport links.
The property currently produces an annual gross income of £5,340, although it does have the potential to be increased by the new owner to a market rate of between £7,000 - £8000 with long-term tenants currently situated.
For further information, please feel free to contact us: Tel: Email: Mobile signal/coverage: Good. Flooded in the last 5 years: No. Construction materials used: Brick and block.
Water source: Direct mains water. Electricity source: National Grid. Sewerage arrangements: Standard UK domestic. Heating Supply: Central heating (gas).
Broadband internet type: Fttc (fibre to the cabinet). Does the property have required access (easements, servitudes, or wayleaves)? No.
Do any public rights of way affect your your property or its grounds? No. Parking Availability: Yes.
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
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FAQ
About 20 Wilkie Close, Scunthorpe
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