2-bedroom flat · DN16 1HZ
Listing removedListed 77 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ongo Homes have a two-bed second floor flat available on Pryme Road within the Warley and Bellingham Road area of Scunthorpe.
This flat sits on the top floor of a block of flats with a communal entrance, fob entry system door and internal communal stairs up to the property.
This property consists of a compact hallway leading to the kitchen and spacious lounge. The bathroom consists of bath with overhead shower and there are two bedrooms; one single and one double sized.
Though there is no private green space available but there are communal green spaces around the block of flats this property sits within.
This flat does come with a small private balcony accessed via the lounge. Some built in storage cupboard space is available. On street parking is available nearby.
As this property sits within a block of flats pets are not permitted to live at this property. Children under the age of four will not be allowed to live or stay at this address.
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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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 Pryme Road, Scunthorpe
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