1-bedroom flat · DN16 1EU
Listing removedListed 168 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Walshe’s Property is proud to offer you this one bedroom first floor flat for rent on Warwick Road in Scunthorpe, with easy access to good schools and transport links.
This flat boasts a kitchen with both wall & base units, laminate worktops, fitted oven & hob and stainless steel sink & drainer, a large lounge, a double bedroom with built in wardrobes and a bathroom with fitted three-piece suite comprising of shower, sink & toilet.
Rent - £475 pcm Deposit - £548 Strictly no smoking Guarantor Required Available Immediately Lounge (14' 1'' x 11' 10'' (4.3m x 3.6m)) This large lounge boats two double glazed windows, a central heating radiator and laminate flooring.
Bedroom (10' 10'' x 9' 2'' (3.3m x 2.8m)) This double bedroom offers built in storage cupboards, a central heating radiator, a double glazed window and laminate flooring.
Kitchen (11' 10'' x 7' 3'' (3.6m x 2.2m)) The kitchen boasts both wall and base units with laminate worktops, a fitted oven & hob, stainless steel sink & drainer, a double glazed window, a central heating radiator and laminate flooring.
Bathroom (9' 2'' x 5' 3'' (2.8m x 1.6m)) The bathroom offers a fitted three-piece suite comprising of shower, sink & toilet, a central heating radiator and laminate flooring.
Lease Information - 189 year lease from 1 October 1975 (145 years remaining) - Ground rent - approx £25 per year - Insurance - approx £150 per year
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
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FAQ
About 148, Warwick Road, Scunthorpe
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