3 Bed Bungalow, Single Let, Louth, LN11 0DD, £234,950

2 The Mount, Riverhead, Louth, LN11 0DD - 2 years ago

BTL
79 m²
+30 photos

ValuationOvervalued

Sold Prices£100K - £348K
Sold Prices/m²£1.4K/m² - £3.3K/m²

 

 

Square Metres

79 m²
Price/m²£3K/m²

Value Estimate

£161,591

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£58,738

Stamp Duty & Legal Fees

£8,249

Total Cash In

£66,986

 

 

Cash Out

 

Rent Range

£700 - £1,100

Rent Estimate

£744

Running Costs/mo

£903

Cashflow/mo

£-159

Cashflow/yr

£-1,908

Gross Yield

4%

Local Sold Prices

50 sold prices from £100K to £348K, average is £183.5K. £1.4K/m² to £3.3K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£325K10/230.1 mi23, Maple Close, Louth, Lincolnshire LN11 0DW3
£225K12/200.1 mi34, Charles Avenue, Louth, Lincolnshire LN11 0BG3
£100K04/210.11 mi1, Luda Terrace, Louth, Lincolnshire LN11 7AF3
£192K10/210.11 mi13, Grosvenor Road, Louth, Lincolnshire LN11 0BE3
£245K02/240.11 mi12, Grosvenor Crescent, Louth, Lincolnshire LN11 0BD3
£239.9K12/220.12 mi4, Grosvenor Road, Louth, Lincolnshire LN11 0BB3
£273K09/230.14 mi72, Victoria Road, Louth, Lincolnshire LN11 0BX3
£300K07/230.14 mi12, Victoria Road, Louth, Lincolnshire LN11 0BX3
£145K05/210.15 mi7, Riverside Court, Louth, Lincolnshire LN11 7AG3
£240K09/210.16 mi23, Christopher Close, Louth, Lincolnshire LN11 0BT3
£210K12/220.17 mi84, Keddington Road, Louth, Lincolnshire LN11 0BA3
£186K04/210.17 mi27, Victoria Road, Louth, Lincolnshire LN11 0BU3
£254K11/200.18 mi55, Victoria Road, Louth, Lincolnshire LN11 0BU3
£267.5K11/220.2 mi45, Keddington Road, Louth, Lincolnshire LN11 0AU3
£220K11/220.22 mi20, Orchard Close, Louth, Lincolnshire LN11 0BS3
£135K06/210.23 mi3, Dove Close, Louth, Lincolnshire LN11 0BZ3
£128K05/210.23 mi12a, Dove Close, Louth, Lincolnshire LN11 0BZ3
£155K07/210.24 mi20, Orchard Close, Louth, Lincolnshire LN11 0BS3
£155K12/200.24 mi2, Old Mill Park, Louth, Lincolnshire LN11 0NY3
£135K08/210.24 mi49, Lacey Gardens, Louth, Lincolnshire LN11 8DG3
£100K11/200.25 mi31, Keddington Crescent, Louth, Lincolnshire LN11 0AP3
£120K02/230.26 mi10, Keddington Crescent, Louth, Lincolnshire LN11 0AR3
£121.5K01/240.26 mi5, Old Mill Park, Louth, Lincolnshire LN11 0NY3
£180K11/200.26 mi21, Old Mill Park, Louth, Lincolnshire LN11 0NY3
£121.5K05/210.27 mi14, Lacey Gardens, Louth, Lincolnshire LN11 8DF3
£205K08/230.28 mi70, Chestnut Drive, Louth, Lincolnshire LN11 7AY3
£182K07/230.28 mi99, Chestnut Drive, Louth, Lincolnshire LN11 7AY3
£272.5K01/230.28 mi264, Eastgate, Louth, Lincolnshire LN11 8DJ3
£145K04/210.29 mi42, Michael Foale Lane, Louth, Lincolnshire LN11 0GT3
£348K05/230.29 mi125, Keddington Road, Louth, Lincolnshire LN11 0BL3
£225K02/230.29 mi260, Eastgate, Louth, Lincolnshire LN11 8DJ3
£185K04/210.3 mi26, Eastfield Road, Louth, Lincolnshire LN11 7AR3
£195K12/200.3 mi78, Eastfield Road, Louth, Lincolnshire LN11 7AR3
£160K01/210.3 mi26, Swallow Drive, Louth, Lincolnshire LN11 0DN3
£260K07/230.3 mi42, Brackenborough Road, Louth, Lincolnshire LN11 0AE3
£144K02/210.32 mi213, Eastfield Road, Louth, Lincolnshire LN11 7AS3
£171K06/210.33 mi20, Chestnut Drive, Louth, Lincolnshire LN11 7AX3
£174K06/210.33 mi57, Chestnut Drive, Louth, Lincolnshire LN11 7AX3
£192K06/210.33 mi7, Chestnut Drive, Louth, Lincolnshire LN11 7AX3
£260K05/210.33 mi38, Chestnut Drive, Louth, Lincolnshire LN11 7AX3
£205.5K10/210.34 mi30, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£150K02/210.34 mi14, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£229.9K07/210.34 mi32, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£170K01/210.34 mi4, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£140K11/200.34 mi63, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£153K06/230.34 mi5, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£147K01/230.34 mi67, Swallow Drive, Louth, Lincolnshire LN11 0DN3
£120K08/210.35 mi73, Newbridge Hill, Louth, Lincolnshire LN11 0JU3
£105K11/220.35 mi83, Jubilee Crescent, Louth, Lincolnshire LN11 0AL3
£197.5K05/230.36 mi44, Leakes Row, Louth, Lincolnshire LN11 0JZ3

Local Rents

15 rents from £700/mo to £1.1K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£75005/240.19 miSt. Bernards Avenue, Louth3
£75006/240.19 miSt. Bernards Avenue, Louth3
£87505/240.21 miOld Chapel Mews, Louth, LN113
£85005/240.24 mi-3
£85005/240.37 mi-3
£85006/240.37 miBroadley Crescent, Louth, LN113
£70005/240.37 miFulmar Drive, Louth. LN11 0ST3
£73505/240.38 mi-3
£82503/250.38 mi-3
£85003/250.39 mi-3
£87505/240.39 mi-3
£87505/240.39 miFulmar Drive, Louth, LN113
£75005/240.44 miPriory Road, Louth3
£75005/240.46 miRamsgate, Louth3
£1,10005/240.46 miHigh Holme Road, Louth3

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.64 miles away

Nearest school

0.30 miles away

Nearest train station

13.18 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £234,950

July 12, 2023

Floor Plans

Description

  • Detached bungalow +
  • Two bedrooms +
  • Reception room +
  • Kitchen +
  • Utility room +
  • Dining room +
  • Conservatory +
  • Bathroom +
  • Driveway & Garage +
  • Garden +

It is a pleasure for Choice Properties to bring to the market this spacious two/three bedroom detached bungalow, peacefully tucked away in the most sought after and peaceful location. The bungalow further benefits from two reception rooms, spacious driveway with garage and wrap around garden. Viewing is highly advised. NO UPPER CHAIN.

Hallway - 3.98m x 2.00m (13'1" x 6'7") - Spacious hallway, loft access - partly boarded with ladder and lighting.

Reception Room - 3.25m x 4.80m (10'8" x 15'9") - Dual aspect windows, feature fireplace set into bricked surround, TV Aerial point, telephone point.

Kitchen - 4.46m x 2.51m (14'8" x 8'3") - Fitted with a range of wall and base units with worktops over, one bowl stainless steel sink unit with drainer and mixer taps, integral cooker with four ring gas hob over, space for fridge/freezer, partly tiled walls, door to:-

Utility Room - 3.44m x 1.44m (11'3" x 4'9") - Dual aspect windows, fitted base units with worktops over, one bowl stainless steel sink unit with drainer and mixer taps, tiled splash backs, plumbing for a washing machine, built in storage cupboard, door to the side aspect into the garden, door to front aspect leading into the integral garage.

Dining Room - 2.90m x 3.83m (9'6" x 12'7") - Spacious room providing ample space for a dining table, French double opening doors leading to:-

Conservatory - 2.44m x 2.85m (8'0" x 9'4") - Triple aspect windows, polycarbonate pitched roof, pedestrian door to the side aspect leading to the garden.

Bedroom 1 - 2.93m x 3.83m (9'7" x 12'7") - Spacious double bedroom over looking the garden.

Bedroom 2 - 2.70m x 2.91m (8'10" x 9'7") - Double bedroom overlooking the garden, built in wardrobes.

Bathroom - Fitted with a three piece suite comprising panelled bath with mixer tap and main shower attachment over, pedestal wash hand basin with single taps, close coupled wc, shaving point, tiled splash backs.

Driveway - Paved driveway providing off road parking.

Garage - 2.62m x 5.62m (8'7" x 18'5") - Electric up and over door, power and lighting, wall mounted fuse box.

Garden - The property stands proudly upon wrap around gardens which feature a well tended laid to lawn garden, gravelled patio seating area, featued steps leading down towards the timber storage shed. The garden is adorned with an abundance of colourful plants, trees and shrubbery throughout.

Tenure - Freehold.

Council Tax Band - Local Authority - East Lindsey District Council,
The Hub,
Mareham Road,
Horncastle,
Lincolnshire,
LN9 6PH
Tel. No.
Website:

Council Tax Band - According to the Valuation Office Agency Website the property is currently in Council Tax Band C.

Making An Offer -

Viewing Arrangements -

Opening Hours -

Agent Details

Choice Properties, Louth

01507 308529

Next Steps?

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