36 Wilkie Close, Scunthorpe, South Humberside, DN15 8BH
Yorkshire
£26,500Guide Price
Listed on 25/10/2026
Listed on 25/10/2026
The listing
Property details
Bedrooms
2Type
ApartmentDescription
Offered at auction, this vacant two-bedroom first-floor flat is described as requiring refurbishment. The accommodation comprises a lounge/diner opening to the kitchen, two bedrooms and a bathroom with WC. It is leasehold, with approximately 50 years remaining on the lease and a stated ground rent of £15 per year. The EPC rating is E.
The flat is a short walk from Gallagher retail park and its amenities. Viewings and a 360-degree tour are available on request. Buyers should review the legal documents and confirm the lease terms and property details before bidding. A buyer's administration fee of £2,500 including VAT is payable on exchange, with completion due 21 days after exchange.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
43out of 100
Grade ELow opportunity
Confidence: LOW
This vacant two-bedroom flat is a substantial value-add project: the lounge/diner and photographed bedrooms have worn flooring and dated or unfinished finishes, while the basic kitchen offers scope for a full update. At £18,000–£35,000 for the works, there is room to reshape the interiors and improve the shared frontage, subject to confirming who is responsible for it. The brick elevations and tiled roof look broadly intact in the available views, but peeling and staining in the entrance stairwell should be checked.
The score is 43/100 (E), with the overall opportunity limited by the available information and the flat’s short lease of around 50 years. Floor area is missing, so value versus local £/sq ft cannot yet be judged. It is offered by auction at a guide price; bidding can take the hammer above the guide, so the eventual price may not stay this cheap. The £2,500 buyer’s administration fee and lease terms also need to be factored into purchase due diligence.
Key opportunities
- Rework the lounge/diner and its open connection to the kitchen, creating a more cohesive living space.
- Replace the basic kitchen and worn flooring, then refresh the dated or unfinished finishes in the photographed rooms.
- Improve the shared frontage if responsibility and permission allow, including attention to the dry grass and weathered timber enclosure.
Key risks
- The £18,000–£35,000 works range and worn finishes across the photographed living area and bedrooms point to a substantial programme rather than a cosmetic refresh.
- The lease has only around 50 years remaining; confirm extension options, costs and terms before proceeding.
- Peeling and staining in the entrance stairwell need investigation, and responsibility for maintaining the shared frontage is unclear.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
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Based on a loan of £19,875 over 30 years at 4.45% interest
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