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316 Ashby Road, Scunthorpe

Yorkshire

£220,000
Listed on 17/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
904 sqft

Description

This detached bungalow features three bedrooms and offers substantial renovation and investment potential, making it an ideal property for those looking to create their dream home or pursue a development opportunity. The home has undergone significant renovations, with meticulous attention paid to essential systems such as electrics, plumbing, and roofing, resulting in a residence that is ready for immediate occupancy. The interior showcases three well-sized bedrooms that are filled with natural light, alongside a modern kitchen and a fresh bathroom suite. The layout enhances both functionality and comfort, providing a solid foundation for personal touches or further enhancements. Perhaps the most remarkable aspect of this property is the generous 0.17-acre plot it sits on—an uncommon find in central Scunthorpe. For investors or developers, the garden area has previously received planning permission for the construction of two chalet-style bungalows under reference PA/2022/509. Although these permissions have lapsed, the groundwork laid within the local planning framework could facilitate a new development project upon reapplication. Alternatively, the sizable plot presents opportunities for creating an expansive garden space or extending the existing bungalow (subject to planning approval). This property enjoys a strategic location just off Ashby Road, placing it within easy walking distance of Ashby High Street, which offers a variety of independent shops and essential amenities. Local parks are also nearby, providing options for outdoor activities such as walking or cycling. Furthermore, several popular pubs and restaurants enhance the area’s community feel. Access to transport links is convenient; excellent road connections allow effortless commutes to Scunthorpe town center and beyond. Public transportation options are readily available with frequent bus services in the vicinity. Scunthorpe itself hosts numerous attractions catering to various interests—from history at the North Lincolnshire Museum to entertainment at The Plowright Theatre. Outdoor enthusiasts will appreciate nearby parks and nature reserves, while families can enjoy kid-friendly attractions like Pink Pig Farm. Overall, this bungalow not only represents a comfortable living space but also embodies significant investment potential through its sizable plot and previous planning approvals—making it an appealing option for visionaries eager to capitalize on what this property has to offer.

Investment Analysis

(DN16 area)

Above Market Value

This property is priced +43.4% above area average per sq ft

+43.4%
This Property
£243/sq ft
Area Average
£170/sq ft
Avg Rent (weekly)
£186
Avg Yield
5.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £25,000
Target Value
£168,750
10% above area average per sq ft
Potential ROI
-31.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (DN16)

Area prices are rising by +3.4% over the last 12 months
3 year growth: 4.0%
5 year growth: 27.5%
Investment Disclaimer: Analysis based on DN16 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.

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Location

316 Ashby Road, Scunthorpe
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