3-bedroom house · DN17 2JT
Let agreedListed 22 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ongo Homes have a three-bed property suitable for a family available on Searby Road within the Riddings area of Scunthorpe.
This home consists of a spacious living room, compact kitchen, built in storage cupboard space and downstairs toilet on the ground floor.
On the first floor are three good sized bedrooms; two double and one single. There is also the main bathroom (bath with overhead shower).
Off street parking is available at the front of the property, there is private green garden space at the front and the rear of the address.
Ongo Homes will allow a maximum of three pets to live at this property. Ongo Homes will require a minimum of two weeks advanced rent to secure the property.
This property is being advertised as a sensitive let. Ongo Homes is seeking applicants for this property who can demonstrate a commitment to maintaining a positive and respectful neighbourhood.
This property is being let on a sensitive let basis to support the creation of a sustainable and settled community.
Any applicants with a history of alcohol or substance misuse will not be considered for this property Applicants may be required to complete additional checks and discussions as part of the allocation process.
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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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 Searby Road, Scunthorpe
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