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Beauty & Beyond 22 Oswald Road, Scunthorpe

Yorkshire

£160,000
Listed on 24/03/2025

Property Details

Bedrooms
4
Type
Terraced house

Description

This versatile mixed-use property presents a unique opportunity for renovation and investment in a prime location on Oswald Road. With four bedrooms and ample space, it has previously operated as a successful beauty salon, making it well-positioned for commercial endeavors, but its potential extends far beyond that. The property's layout includes a spacious shop floor that benefits from natural light, creating an inviting environment for clients or customers. By removing existing partitions, you can customize the interior to suit your vision—whether that's transforming it into an open-plan retail space or a modern office setup. Additional independent office spaces are available within the building, providing options for privacy and functionality while allowing for easy access to amenities such as a convenient kitchenette located towards the rear of the ground floor. Strategically situated in Scunthorpe’s bustling commercial district, this property enjoys significant foot traffic from local businesses and residents alike. The high visibility and accessibility make it ideal for a range of possibilities—from retail to professional services or even residential living quarters upstairs (subject to planning permission). The surrounding area is rich with community amenities, including shopping centers, leisure facilities, and parks. It also boasts excellent transport links; major roads like the M180 ensure quick connectivity to regional hubs. This location serves not only the immediate local population of around 152,000 but also attracts visitors from neighboring areas. Investors will find this property appealing due to its potential for generating diverse income streams through both commercial leasing and residential conversion. With careful consideration and renovation, this freehold asset could become a profitable venture in a growing market. This property stands out not merely as real estate but as an adaptable canvas—a blank slate ready for innovative ideas that can meet the demands of today’s market.

Investment Analysis

(DN15 area)
Area Average
£175/sq ft
Avg Rent (weekly)
£157
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (DN15)

Area prices are falling by +2.6% over the last 12 months
3 year growth: 2.8%
5 year growth: 18.6%
Investment Disclaimer: Analysis based on DN15 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Beauty & Beyond 22 Oswald Road, Scunthorpe
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£586
Based on a loan of £120,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE