3 Bed Terraced House, Refurb/BRRR, Louth, LN11 9ER, £185,000





ValuationFair Value
Sold Prices | £100K - £440K |
Sold Prices/m² | £1.2K/m² - £3.3K/m² |
| |
Square Metres | ~172.43 m² |
Price/m² | £1.1K/m² |
Value Estimate | £185,000£185,000 |
| |
End Value (After Refurb) | £340,585£340,585 |
Uplift in Value | +84%+84% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £46,250£46,250 |
Stamp Duty & Legal Fees | £6,750£6,750 |
Refurb Costs | £69,902£69,902 |
Bridging Loan Interest | £4,856£4,856 |
Total Cash In | £129,508£129,508 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentFlip |
Estimated Sale Price | £340,585£340,585 |
Agent Fees (1%) | £3,406£3,406 |
Bridging Loan | £138,750£138,750 |
Bridging Loan Interest | £4,856£4,856 |
Flip Profit | £68,921£68,921 |
Local Sold Prices
50 sold prices from £100K to £440K, average is £187K. £1.2K/m² to £3.3K/m², average is £2K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£110K | 06/21 | 0.02 mi | 5, Upgate, Louth, Lincolnshire LN11 9ER | - | - | 3 | Terraced House | |
£440K | 04/23 | 0.08 mi | 32, Bridge Street, Louth, Lincolnshire LN11 0DP | £2,378 | 185 | 3 | Terraced House | |
£165K | 11/20 | 0.09 mi | Myrtle Cottage, Spout Yard, Louth, Lincolnshire LN11 0LW | £1,988 | 83 | 3 | Terraced House | |
£104.2K | 12/20 | 0.1 mi | 26, Gospelgate, Louth, Lincolnshire LN11 9JX | £1,222 | 85 | 3 | Detached House | |
£370K | 06/23 | 0.12 mi | 25, Gospelgate, Louth, Lincolnshire LN11 9JZ | - | - | 3 | Detached House | |
£239.9K | 01/21 | 0.15 mi | 21, Broadbank, Louth, Lincolnshire LN11 0EQ | £2,666 | 90 | 3 | Detached House | |
£239K | 06/21 | 0.15 mi | Mallards Mead, Northgate, Louth, Lincolnshire LN11 0LT | £1,975 | 121 | 3 | Terraced House | |
£205K | 05/23 | 0.17 mi | 29, Union Street, Louth, Lincolnshire LN11 0ES | £2,558 | 80 | 3 | Detached House | |
£240K | 03/24 | 0.17 mi | 19, Edward Street, Louth, Lincolnshire LN11 9LA | £2,927 | 82 | 3 | Terraced House | |
£220K | 12/20 | 0.17 mi | 5, Edward Street, Louth, Lincolnshire LN11 9LA | £2,075 | 106 | 3 | Semi-Detached House | |
£145.5K | 02/23 | 0.18 mi | 6, Grimsby Road, Louth, Lincolnshire LN11 0DX | £1,532 | 95 | 3 | Semi-Detached House | |
£145K | 09/21 | 0.19 mi | 57, Broadbank, Louth, Lincolnshire LN11 0EW | - | - | 3 | Terraced House | |
£220K | 11/20 | 0.19 mi | 56, Broadbank, Louth, Lincolnshire LN11 0EW | £2,056 | 107 | 3 | Terraced House | |
£150K | 03/21 | 0.19 mi | 58, Broadbank, Louth, Lincolnshire LN11 0EW | £1,481 | 101 | 3 | Terraced House | |
£190K | 06/21 | 0.19 mi | 41, Lee Street, Louth, Lincolnshire LN11 9HJ | £1,881 | 101 | 3 | Terraced House | |
£170K | 12/20 | 0.19 mi | 22, Lee Street, Louth, Lincolnshire LN11 9HJ | £1,937 | 88 | 3 | Terraced House | |
£127K | 12/22 | 0.2 mi | 52, Kidgate, Louth, Lincolnshire LN11 9BU | £1,283 | 99 | 3 | Terraced House | |
£195K | 05/21 | 0.2 mi | 19, South Street, Louth, Lincolnshire LN11 9JS | £1,893 | 103 | 3 | Terraced House | |
£225K | 02/23 | 0.2 mi | 14, Cedar Close, Louth, Lincolnshire LN11 0EH | - | - | 3 | Detached House | |
£138K | 08/21 | 0.2 mi | 4, Eve Street, Louth, Lincolnshire LN11 0JL | £1,266 | 109 | 3 | Terraced House | |
£218K | 06/21 | 0.21 mi | 54b, Aswell Street, Louth, Lincolnshire LN11 9HP | - | - | 3 | Terraced House | |
£150K | 10/20 | 0.25 mi | 71, Queen Street, Louth, Lincolnshire LN11 9BJ | £2,113 | 71 | 3 | Terraced House | |
£165K | 04/23 | 0.27 mi | 40, Queen Street, Louth, Lincolnshire LN11 9BL | - | - | 3 | Terraced House | |
£257.5K | 01/21 | 0.28 mi | 2, Quarryside, Louth, Lincolnshire LN11 9JE | - | - | 3 | Detached House | |
£165K | 03/21 | 0.28 mi | 1, Quarryside, Louth, Lincolnshire LN11 9JE | £2,124 | 78 | 3 | Detached House | |
£181K | 03/24 | 0.28 mi | 79, Upgate, Louth, Lincolnshire LN11 9HF | £2,011 | 90 | 3 | Semi-Detached House | |
£132K | 08/23 | 0.29 mi | 46, James Street, Louth, Lincolnshire LN11 0JW | - | - | 3 | Terraced House | |
£125K | 10/22 | 0.29 mi | 58b, James Street, Louth, Lincolnshire LN11 0JW | £1,623 | 77 | 3 | Terraced House | |
£182.5K | 12/23 | 0.33 mi | 26, St Michaels Road, Louth, Lincolnshire LN11 9DA | £2,028 | 90 | 3 | Terraced House | |
£418K | 07/23 | 0.35 mi | 11, Blue Stone Rise, Louth, Lincolnshire LN11 9XZ | £3,344 | 125 | 3 | Detached House | |
£260K | 06/23 | 0.36 mi | 29, Ramsgate, Louth, Lincolnshire LN11 0NB | £2,546 | 102 | 3 | Terraced House | |
£202K | 10/22 | 0.36 mi | 19, Ramsgate, Louth, Lincolnshire LN11 0NB | £2,061 | 98 | 3 | Terraced House | |
£247.5K | 03/21 | 0.37 mi | 4, Linda Crescent, Louth, Lincolnshire LN11 9LQ | £2,633 | 94 | 3 | Detached House | |
£149K | 11/21 | 0.4 mi | 24, Newmarket, Louth, Lincolnshire LN11 9EQ | £1,817 | 82 | 3 | Semi-Detached House | |
£145K | 03/21 | 0.4 mi | 10, Alexandra Road, Louth, Lincolnshire LN11 0ND | £1,883 | 77 | 3 | Terraced House | |
£195K | 11/20 | 0.41 mi | 117, High Holme Road, Louth, Lincolnshire LN11 0HD | £1,757 | 111 | 3 | Detached House | |
£124.5K | 03/21 | 0.41 mi | 79, High Holme Road, Louth, Lincolnshire LN11 0HD | £1,831 | 68 | 3 | Semi-Detached House | |
£194K | 05/21 | 0.42 mi | 23, Sandringham Drive, Louth, Lincolnshire LN11 0JE | £2,086 | 93 | 3 | Detached House | |
£184K | 09/21 | 0.42 mi | 10, Allison Road, Louth, Lincolnshire LN11 0GL | - | - | 3 | Terraced House | |
£220K | 11/23 | 0.42 mi | 10, Allison Road, Louth, Lincolnshire LN11 0GL | £1,930 | 114 | 3 | Terraced House | |
£179K | 08/21 | 0.44 mi | 7, Newbridge Hill, Louth, Lincolnshire LN11 0NQ | - | - | 3 | Semi-Detached House | |
£245K | 05/21 | 0.45 mi | Cemetery Lodge, Upgate, Louth, Lincolnshire LN11 9QW | £3,267 | 75 | 3 | Detached House | |
£146K | 10/21 | 0.45 mi | 146, High Holme Road, Louth, Lincolnshire LN11 0HE | £1,738 | 84 | 3 | Terraced House | |
£180K | 03/21 | 0.45 mi | 110, High Holme Road, Louth, Lincolnshire LN11 0HE | £1,552 | 116 | 3 | Terraced House | |
£227.5K | 08/21 | 0.46 mi | 190, Eastgate, Louth, Lincolnshire LN11 9AG | £2,345 | 97 | 3 | Terraced House | |
£180K | 02/24 | 0.46 mi | 230, Eastgate, Louth, Lincolnshire LN11 9AG | £1,565 | 115 | 3 | Terraced House | |
£100K | 01/23 | 0.48 mi | 12, Longleat Drive, Louth, Lincolnshire LN11 0YW | £1,282 | 78 | 3 | Terraced House | |
£275K | 12/20 | 0.5 mi | 66, Grimsby Road, Louth, Lincolnshire LN11 0DZ | £2,292 | 120 | 3 | Detached House | |
£200K | 12/20 | 0.5 mi | 78, Grimsby Road, Louth, Lincolnshire LN11 0DZ | £1,802 | 111 | 3 | Detached House | |
£227K | 03/21 | 0.52 mi | 35, Mount Pleasant, Louth, Lincolnshire LN11 9DW | £2,078 | 109 | 3 | Semi-Detached House |
Local Rents
12 rents from £750/mo to £1.1K/mo, average is £850/mo.
Rent | Date | Distance | Address | Beds | Type | |
£750 | 05/24 | 0.07 mi | Nichol Hill, Louth, LN11 | 3 | Flat | |
£850 | 05/24 | 0.12 mi | Gospelgate, Louth | 3 | Detached House | |
£795 | 05/24 | 0.12 mi | Gospelgate, Louth | 3 | Semi-Detached House | |
£1,000 | 06/24 | 0.31 mi | St. Marys Lane, Louth | 3 | Bungalow | |
£1,100 | 05/24 | 0.32 mi | Horncastle Road, Louth | 3 | Detached House | |
£750 | 05/24 | 0.35 mi | Ramsgate, Louth | 3 | Semi-Detached House | |
£1,100 | 05/24 | 0.43 mi | High Holme Road, Louth | 3 | Bungalow | |
£750 | 05/24 | 0.44 mi | Priory Road, Louth | 3 | Detached House | |
£795 | 05/24 | 0.57 mi | Arundel Drive, Louth. LN11 0HZ | 3 | Semi-Detached House | |
£850 | 05/24 | 0.6 mi | Chatsworth Drive, Louth | 3 | Detached House | |
£875 | 05/24 | 0.61 mi | Old Chapel Mews, Louth, LN11 | 3 | Flat | |
£850 | 05/24 | 0.62 mi | Seymour Avenue, Louth | 3 | Detached House |
Local Area Statistics
Population in LN11 | 28,17928,179 |
Population in Louth | 28,19728,197 |
Town centre distance | 0.20 miles away0.20 miles away |
Nearest school | 0.20 miles away0.20 miles away |
Nearest train station | 13.55 miles away13.55 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +12%+12% |
Sales demand | Buyer's marketBuyer's market |
Capital growth (5yrs) | +9%+9% |
Property History
Listed for £185,000
May 17, 2023
Sold for £85,000
2002
Floor Plans

Description
- Freehold Investment Property +
- 2 One Bed Flats & 1 Two Bed Flat +
- Located in the centre of Louth +
- Fully Occupied +
- Attractive End Terrace Period Townhouse +
- 1610 SqFt (approx) in Total +
- Grade II Listed Building +
- Outside Courtyard +
- Currently Managed by Stevens Property Management +
ATTENTION INVESTORS
Buy to let investment opportunity, freehold block of 3 flats.
A charming, end of terrace period townhouse situated opposite St James' Church in the centre of Louth. This grade II listed, three storey building is in need of some modernisation and presently comprises two 1 bedroom flats and a third 2 bedroom flat, all of which are currently occupied. The property is Freehold and predominantly of solid brick construction with a rendered facade and single glazed windows under a tiled roof. The building benefits from a smoke alarm system and emergency lighting in the common areas as well as a buzzer system to each flat from street level. Each flat has a separate gas boiler and is supplied with mains water, electricity and drainage.
Location - Louth - The property stands in the heart of Louth’s central Conservation Area, characterised by a number of attractive period buildings.
The historic market town of Louth; fondly known as the 'Capital of the Wolds' and beautifully positioned in an Area of Outstanding Natural Beauty is approximately 15 miles from the coast, 16 miles from Grimsby and 30 miles from Lincoln.
It has a wealth of local services and amenities to offer. Popular points of interest include the 'people's park' of Hubbard Hills and Westgate Fields, the last remaining Lincolnshire Cattle Market and the spectacular St James' Church, boasting the tallest medieval parish church spire of approx 287 feet /87.6 m. Other features include Louth Golf Course and Kenwick Park Golf Course, Louth Tennis Centre, London Road Sports Pavilion, Riverhead Theatre, Playhouse Cinema, Louth Museum, Kenwick Park Gym and Spa and Meridian Leisure Centre. As well as excellent local schools including King Edward's VI Grammar School, a doctors surgery and a hospital. Louth is particularly well known for its vast array of independent shops, butchers and delicatessens, thrice weekly markets and the New Market Indoor Hall all offering outstanding local produce as well as three supermarkets; Morrisons, Co-Op and Aldi.
Communal Area - The property is entered from street level either by a front door off Upgate or via a side door off Eastgate, accessed along a walled pathway. There is a rear courtyard area
which is gated from the side pathway which presently is used to house the refuse bins for the property.
The common area is fitted with linoleum flooring on the ground level with access to flat 7A and the stairs leading to the first (flat 7B) and second floor (flat 7C) are carpeted
There are also 2 cupboards on the ground floor housing meters and an emergency lighting and smoke alarm system.
Ground Floor, Flat A -
Reception Room - 4.54m x 4.06m - Entered directly from the common areas this spacious room is carpeted and has views through 2 wooden windows onto Upgate towards the Church. There is a radiator and space for seating and a dining table if required. A door to:
Inner Hallway - With doors to the kitchen, bedroom and shower room.
Kitchen - 2.46m x 2.21m - With a range of wall and base cupboards, roll top work tops and tiled splash backs, stainless steel sink and drainer and mixer tap, timber framed single glazed windows to rear, wall mounted gas fired boiler, tiled flooring and radiator.
Shower Room - 1.97m x 2.02m - Close coupled W.C, pedestal sink and single taps, corner shower cubicle with an electric shower and glass shower screens. Tiled flooring and walls, radiator.
Bedroom - 2.85m x 3.95m - With a timber framed single window, radiator.
First Floor, Flat B -
Lounge - 3.83m x 4.72m - With two timber framed single glazed sash windows to the front, radiator, door to:
Inner Hallway - With doors to the kitchen, bedroom and shower room.
Kitchen - 1.39m x 4.87m - With a range of fitted base cupboards, roll top worktops and tiled splashbacks. Integrated electric oven, ceramic hob and extractor hood over, lino flooring, radiator.
Bedroom - 4.03m x 2.54m - With a timber framed single window, radiator.
Shower Room - 1.60m x 1.94m - Close coupled w.c, pedestal sink and single taps, corner shower cubicle with an electric shower and glass shower screens. Tiled flooring and walls, radiator.
Second Floor Flat, Flat C -
Hallway - Leading to all rooms.
Reception Room - 3.91m x 4.82m - With two timber framed single glazed sash windows to the front and radiator.
Kitchen - 1.61m x 3.23m - With a range of fitted wall and base cupboards, roll top worktops and tiled splashbacks. Inset stainless steel sink and drainer with a mixer tap. Integrated electric oven, ceramic hob and extractor hood over, lino flooring, radiator.
Bedroom One - 3.91m x 2.26m - With a timber framed single window, radiator.
Shower Room - 1.60m x 1.17m - With a suspended sink with a mixer tap, corner shower cubicle with electric shower and glass shower screens, obscured uPVC double glazed window, tiled walls and flooring.
W.C - 0.89m x 1.46m - With a close coupled w.c, radiator, timber framed single glazed window, tiled floor.
Study/Bedroom Two - 2.49m x 1.75m - With a timber framed single glazed window. radiator.
Outside - There is a courtyard to the rear of the building which provides ideal space for wheelie bins/separate outside storage areas for tenants.
Agent Notes - The property is a Grade II Listed Building.
Services - Mains gas, water, electric and drainage are understood to be connected. As agents we do not test or inspect any of the services or service installations and any interested parties should rely on their own survey.
Tenure - The property is believed to be freehold and we await solicitors confirmation.
Council Tax Band - East Lindsey Council Tax Band A
Brochure Prepared - June 2022
Viewings - By prior appointment through TES Property office in Louth admin.
Opening Hours - Monday to Friday 9:00am to 5:00pm
Saturday 9:00am to 1:00pm
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