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Guide price
£20,000

3 bedroom terraced house for sale

Frodingham Road, Scunthorpe, DN15
Auction
Recently added
Terraced house
3 beds
1 bath
Added < 7 days

Key information

TenureFreehold
Council taxBand A
BroadbandUltra-fast 1000Mbps *

Features and description

  • Three / four bedroom midterrace property
  • Sold with a paying tenant in situ
  • Current rent £450 per calendar month
  • Attractive gross yield of approximately 12%
  • Flexible internal layout with multiple reception rooms
  • Popular rental location close to town centre amenities
  • For Sale by Modern Auction – T & C’s apply
  • Subject to Reserve Price
  • Buyers fees apply
  • The Modern Method of Auction

Video tours

Offered for sale with a paying tenant in situ, this spacious three / four bedroom mid terrace property represents an ideal buy to let investment opportunity, available via Modern Method of Auction with a guide price of £20000

Step inside
Offered for sale with a paying tenant in situ, this spacious three / four bedroom midterrace property represents an ideal buytolet investment opportunity, available via Modern Method of Auction with a guide price of £45,000, providing a gross yield of 12% based on this starting bid. The accommodation is arranged over two floors and offers flexible living space, with multiple reception rooms that allow the layout to be used as either three or four bedrooms depending on requirements. The property benefits from a fitted kitchen, a ground floor bathroom, and well proportioned rooms throughout. The current tenant generates a rental income of £450 per calendar month, providing immediate income from day one.

Location

Situated on Frodingham Road, the property is well placed for access to Scunthorpe town centre, local shops, schools, and public transport links. The area remains popular with tenants due to its convenience and proximity to amenities, making this a consistently strong rental location. Excellent road links connect to the wider North Lincolnshire area, further enhancing the property’s appeal as a longterm investment.

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).

If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.

The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.

Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.

TO VIEW OR MAKE A BID – Contact DDM Residential

Property information from this agent

Area statistics

Crime score
High crime
10/10
Home prices (average)
3 bedroom terraced houses
£161,884

About this agent

DDM Residential - Scunthorpe
DDM Residential - Scunthorpe
46 Oswald Road Scunthorpe DN15 7PQ
01724 377889
Full profileProperty listings
The popular and distinctive name and logo of DDM (Dickinson Davy & Markham), has been synonymous with the property industry throughout the region since 1889.   :: Fine and Country Northern Lincolnshire, The DDM Property Auction & DDM Lettings :: Most agents charge the same but offer only a fraction of our service.
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