3 bed terraced house for sale

Park Street Winterton, Scunthorpe DN15

An excellent investment opportunity positioned within a popular residential location in Scunthorpe with strong buyer and tenant demand.

Situated on Park Street, DN15, the property offers investors and developers the opportunity to acquire a well-located home with clear scope for refurbishment and future value enhancement. The surrounding area remains popular with both tenants and first-time buyers due to its affordability, access to local amenities and convenient transport links across North Lincolnshire.

The property requires refurbishment and modernisation throughout, presenting buyers with the opportunity to add significant value. Estimated refurbishment costs are approximately £10,000–£20,000 depending on specification, with comparable refurbished properties within the local area currently achieving approximately £125,000–£150,000+.

Rental comparables nearby are currently achieving approximately £700–£850 pcm, supporting a projected gross yield of approximately 7–9% depending on acquisition and refurbishment costs. The area continues to attract steady rental demand from working tenants and families seeking affordable accommodation close to schools, retail facilities and employment hubs.

Residents benefit from convenient access to nearby amenities within Scunthorpe, alongside local schools, parks and transport connections including Scunthorpe railway station and the M180 road network.

The majority of works required are expected to be cosmetic, helping keep refurbishment costs and project timescales manageable while providing strong potential for both resale profit and long-term rental income.

Please note that any systems, appliances, or services shown in the marketing photographs have not been tested by us and will be subject to the fixtures and fittings agreement with the seller.

Once an offer is accepted, a deposit of £7,000 will be required to secure the property in accordance with our terms and conditions. This deposit will be deducted from the final purchase price on completion. In addition, a non-refundable reservation fee of £600 (including VAT) will be payable. This fee is separate from, and not deducted from, the purchase price.

All cash buyers are required to indemnify searches and surveys in line with our terms and conditions.