Property investment in Scunthorpe

Visitors to Scunthorpe are often surprised with how green it is and how abundant it is with open spaces; parks, trees and flowers.

It’s not called an “industrial garden town” for nothing.

From its often bottlenecked approaches at Berkeley and Queensway, that garden town title is evident.

The big steelworks near Ashby are not visible – but what is, are parks.

We have Central Park (not to be confused with New York’s rather more famous one) and Kingsway Park, off Doncaster Road.

Outside town, we have arguably the jewel in the crown of North Lincolnshire: Normanby Hall Country Park, which attracts visitors from far and wide and rightly so.

Scunthorpe is blessed too with its road network. The M180 skirts the town on its way from the M18 near Doncaster and to Grimsby, our traditional deep-seated rival.

Visitors marvel at the emptiness of the M180 where congestion is rare as the parallel A18 provides relief alongside it.

Scunthorpe has lots to complement it, and not just because of its ease of travel and beautiful rural scenery and parks.

 

PROPERTY

Property in and around Scunthorpe is very affordable. The town and its surrounding areas offer great value for money.

If you want 1930s semis and detached homes, Scunthorpe has these in abundance running from its eastern gateway to the town centre and beyond.

Older properties are dotted in parts of the town as Scunthorpe was originally a collection of villages.

New builds abound too: in Bottesford, Messingham and east of Ashby at Lakeside.

The area around Scunthorpe – including the Isle of Axholme with gems like Epworth are seeing massive development.

Brigg, a short drive away, is another honeypot, as are Scotter and Appleby.

So what is happening to property in and around Scunthorpe? What are the annual price trends? And which areas are seeing growth?

Rightmove states: “Most of the sales in Scunthorpe over the past year were semi-detached properties which on average sold for £107,492. Detached properties had an average sold price of £173,314 and terraced properties averaged at £81,690.

“Scunthorpe, with an overall average price of £116,655 was cheaper than nearby Bottesford (£141,091), Messingham (£171,657) and Scotter (£178,331). In the past year house prices in Scunthorpe were 4% up on the year before.”

So Scunthorpe mirrors the national price growth pattern which means that the semi-detached you paid £107,000 for in 2016 should be worth £114,000 by the end of 2017, assuming house price growth does continue at 4%.

There is a better way though of gauging property values in Scunthorpe and around – contact one of Starkey&Brown’s team on 01724 856100 or drop an email to  scunthorpe@starkeyandbrown.co.uk and one of our friendly sales team will be in touch with you.

Rightmove stats were taken from Rightmove on 7th April, 2017.

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