3 Bed Terraced House, Single Let, Louth, LN11 0JR, £144,950

62 St Peters Avenue, Cleethorpes, DN35 8HP - 3 views - 2 years ago

BTL
~85 m²
+5 photos

ValuationUndervalued

Sold Prices£120K - £325K
Sold Prices/m²£1.3K/m² - £2.8K/m²

 

 

Square Metres

~84.90 m²
Price/m²£1.7K/m²

Value Estimate

£165,769
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£36,238

Stamp Duty & Legal Fees

£5,549

Total Cash In

£41,786

 

 

Cash Out

 

Rent Range

£700 - £1,100

Rent Estimate

£600

Running Costs/mo

£593

Cashflow/mo

£7

Cashflow/yr

£84

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £120K to £325K, average is £180K. £1.3K/m² to £2.8K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£202K10/220.07 mi19, Ramsgate, Louth, Lincolnshire LN11 0NB3
£260K06/230.07 mi29, Ramsgate, Louth, Lincolnshire LN11 0NB3
£145K03/210.07 mi10, Alexandra Road, Louth, Lincolnshire LN11 0ND3
£179K08/210.11 mi7, Newbridge Hill, Louth, Lincolnshire LN11 0NQ3
£132K08/230.11 mi46, James Street, Louth, Lincolnshire LN11 0JW3
£125K10/220.11 mi58b, James Street, Louth, Lincolnshire LN11 0JW3
£184K09/210.12 mi10, Allison Road, Louth, Lincolnshire LN11 0GL3
£220K11/230.13 mi10, Allison Road, Louth, Lincolnshire LN11 0GL3
£227.5K08/210.14 mi190, Eastgate, Louth, Lincolnshire LN11 9AG3
£180K02/240.14 mi230, Eastgate, Louth, Lincolnshire LN11 9AG3
£155K12/200.16 mi2, Old Mill Park, Louth, Lincolnshire LN11 0NY3
£121.5K01/240.18 mi5, Old Mill Park, Louth, Lincolnshire LN11 0NY3
£180K11/200.18 mi21, Old Mill Park, Louth, Lincolnshire LN11 0NY3
£138K08/210.2 mi4, Eve Street, Louth, Lincolnshire LN11 0JL3
£157.5K05/210.21 mi41, Priory Close, Louth, Lincolnshire LN11 9AS3
£146K10/210.22 mi146, High Holme Road, Louth, Lincolnshire LN11 0HE3
£180K03/210.22 mi110, High Holme Road, Louth, Lincolnshire LN11 0HE3
£165K04/230.22 mi40, Queen Street, Louth, Lincolnshire LN11 9BL3
£225K02/230.22 mi260, Eastgate, Louth, Lincolnshire LN11 8DJ3
£120K08/210.23 mi73, Newbridge Hill, Louth, Lincolnshire LN11 0JU3
£145K04/210.24 mi42, Michael Foale Lane, Louth, Lincolnshire LN11 0GT3
£272.5K01/230.24 mi264, Eastgate, Louth, Lincolnshire LN11 8DJ3
£155K07/210.24 mi20, Orchard Close, Louth, Lincolnshire LN11 0BS3
£220K11/220.25 mi20, Orchard Close, Louth, Lincolnshire LN11 0BS3
£205.5K10/210.25 mi30, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£150K02/210.25 mi14, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£229.9K07/210.25 mi32, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£170K01/210.25 mi4, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£140K11/200.25 mi63, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£153K06/230.25 mi5, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£239K06/210.25 miMallards Mead, Northgate, Louth, Lincolnshire LN11 0LT3
£186K04/210.27 mi27, Victoria Road, Louth, Lincolnshire LN11 0BU3
£254K11/200.27 mi55, Victoria Road, Louth, Lincolnshire LN11 0BU3
£195K11/200.28 mi117, High Holme Road, Louth, Lincolnshire LN11 0HD3
£124.5K03/210.28 mi79, High Holme Road, Louth, Lincolnshire LN11 0HD3
£145K05/210.29 mi7, Riverside Court, Louth, Lincolnshire LN11 7AG3
£273K09/230.29 mi72, Victoria Road, Louth, Lincolnshire LN11 0BX3
£300K07/230.29 mi12, Victoria Road, Louth, Lincolnshire LN11 0BX3
£121.5K05/210.3 mi14, Lacey Gardens, Louth, Lincolnshire LN11 8DF3
£239.9K01/210.3 mi21, Broadbank, Louth, Lincolnshire LN11 0EQ3
£197.5K05/230.31 mi44, Leakes Row, Louth, Lincolnshire LN11 0JZ3
£225K02/230.31 mi14, Cedar Close, Louth, Lincolnshire LN11 0EH3
£135K08/210.33 mi49, Lacey Gardens, Louth, Lincolnshire LN11 8DG3
£165K11/200.33 miMyrtle Cottage, Spout Yard, Louth, Lincolnshire LN11 0LW3
£127K12/220.34 mi52, Kidgate, Louth, Lincolnshire LN11 9BU3
£325K10/230.34 mi23, Maple Close, Louth, Lincolnshire LN11 0DW3
£227K03/210.35 mi35, Mount Pleasant, Louth, Lincolnshire LN11 9DW3
£267.5K11/220.35 mi45, Keddington Road, Louth, Lincolnshire LN11 0AU3
£220K11/200.37 mi56, Broadbank, Louth, Lincolnshire LN11 0EW3
£150K03/210.37 mi58, Broadbank, Louth, Lincolnshire LN11 0EW3

Local Rents

20 rents from £700/mo to £1.1K/mo, average is £838/mo.

RentDateDistanceAddressBeds 
£75005/240.08 miRamsgate, Louth3
£75005/240.16 miPriory Road, Louth3
£87505/240.21 miOld Chapel Mews, Louth, LN113
£1,10005/240.24 miHigh Holme Road, Louth3
£75005/240.34 miNichol Hill, Louth, LN113
£75005/240.35 miSt. Bernards Avenue, Louth3
£75006/240.35 miSt. Bernards Avenue, Louth3
£85005/240.5 mi-3
£85005/240.51 miChatsworth Drive, Louth3
£85005/240.51 miGospelgate, Louth3
£79505/240.51 miGospelgate, Louth3
£85003/250.51 mi-3
£85005/240.55 mi-3
£85006/240.55 miBroadley Crescent, Louth, LN113
£73505/240.56 mi-3
£82503/250.56 mi-3
£70005/240.57 miFulmar Drive, Louth. LN11 0ST3
£87505/240.58 mi-3
£87505/240.58 miFulmar Drive, Louth, LN113
£79505/240.58 miArundel Drive, Louth. LN11 0HZ3

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.28 miles away

Nearest school

0.20 miles away

Nearest train station

13.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £144,950

May 11, 2023

Floor Plans

Description

  • Deceptively large three bedroom mid terrace house +
  • Open plan kitchen dining room with French doors to garden +
  • Separate lounge plus entrance hall +
  • Two double bedrooms and one single room +
  • Newly installed stunning family bathroom +
  • Close to transport links, amenities and schools +
  • Newly installed boiler in October 2022 +
  • Small low maintenance rear courtyard garden +
  • Energy performance rating C and Council tax band A +

Deceptively large THREE BEDROOMED town centre terrace house offering an entrance hall, lounge, open plan dining kitchen room, stairs and landing to first floor, two double and one single bedroom and newly installed stunning family bathroom. A new boiler also fitted on 24th October 2022. Keenly priced we feel this property makes a good first or second time purchase or even for a buy to let landlords with rents coming in at approximately £600 PCM

Agent Details

Crofts Estate Agents, Louth

01507 308526

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪