2 Bed Terraced House, Refurb/BRRR, Louth, LN11 0JJ, £115,000

35 Eve Street Louth LN11 0JJ - 2 views - 2 years ago

Refurb/BRRR
ROI: 1%
~70 m²
+3 photos

ValuationUndervalued

Sold Prices£73.5K - £336.5K
Sold Prices/m²£1K/m² - £4.5K/m²

 

 

Square Metres

~69.50 m²
Price/m²£1.7K/m²

Value Estimate

£118,450
BMV3%

 

 

End Value (After Refurb)

£127,452

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£6,950

Refurb Costs

£28,175

Bridging Loan Interest

£3,019

Total Cash In

£68,644

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£127,452

Mortgage (After Refinance)

£95,589

Mortgage LTV

75%

Cash Released

£9,339

Cash Left In

£59,304

Equity

£31,863

Rent Range

£425 - £775

Rent Estimate

£606

Running Costs/mo

£539

Cashflow/mo

£67

Cashflow/yr

£798

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £73.5K to £336.5K, average is £131.5K. £1K/m² to £4.5K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£73.5K02/210.07 miChapel Cottage, Northgate, Louth, Lincolnshire LN11 0LY2
£108K02/210.09 mi4, Northgate Place, Louth, Lincolnshire LN11 0QL2
£90K03/210.09 mi26, James Street, Louth, Lincolnshire LN11 0JW2
£170K03/230.13 mi15, Cedar Close, Louth, Lincolnshire LN11 0EH2
£125K10/210.13 mi42, Hawthorne Avenue, Louth, Lincolnshire LN11 0LD2
£137.5K11/220.14 mi35, Charles Street, Louth, Lincolnshire LN11 0LB2
£135K08/210.15 mi6, Spout Yard, Louth, Lincolnshire LN11 0LW2
£135K12/230.15 mi60, High Holme Road, Louth, Lincolnshire LN11 0EY2
£140K05/230.15 mi58, High Holme Road, Louth, Lincolnshire LN11 0EY2
£120K11/220.16 mi7, Nichol Hill, Louth, Lincolnshire LN11 9NQ2
£95K10/200.17 mi16b, Queen Street, Louth, Lincolnshire LN11 9AU2
£130K05/210.17 mi12, Wellington Street, Louth, Lincolnshire LN11 0JS2
£121K06/210.17 mi4, Wellington Street, Louth, Lincolnshire LN11 0JS2
£142.5K01/230.17 mi6, Wellington Street, Louth, Lincolnshire LN11 0JS2
£98.5K10/220.18 mi70, High Holme Road, Louth, Lincolnshire LN11 0HE2
£165K07/230.19 mi63, Broadbank, Louth, Lincolnshire LN11 0EW2
£180K04/230.19 mi2, Cistern Gate, Louth, Lincolnshire LN11 0ER2
£162K05/230.21 mi15, Union Street, Louth, Lincolnshire LN11 0ES2
£115K04/230.24 mi128, High Holme Road, Louth, Lincolnshire LN11 0HE2
£120K12/200.24 mi78, High Holme Road, Louth, Lincolnshire LN11 0HE2
£109K06/210.25 mi55, Kidgate, Louth, Lincolnshire LN11 9BT2
£140K04/230.25 mi51, Kidgate, Louth, Lincolnshire LN11 9BT2
£122K09/210.26 mi18, Kidgate, Louth, Lincolnshire LN11 9HN2
£95K06/210.26 mi50, Kidgate, Louth, Lincolnshire LN11 9BU2
£97K10/210.27 mi1, Kidgate Mews, Louth, Lincolnshire LN11 9HA2
£165K10/200.28 mi119c, High Holme Road, Louth, Lincolnshire LN11 0HD2
£95K12/200.29 mi2, Priory Road, Louth, Lincolnshire LN11 9AL2
£87.5K05/230.29 mi8, Priory Road, Louth, Lincolnshire LN11 9AL2
£94K05/210.29 mi180b, Eastgate, Louth, Lincolnshire LN11 9AG2
£116K04/210.29 mi182, Eastgate, Louth, Lincolnshire LN11 9AG2
£222K04/210.3 mi5, Station Approach, Louth, Lincolnshire LN11 0PS2
£133K11/200.3 mi27, Station Approach, Louth, Lincolnshire LN11 0PS2
£138K10/200.3 mi19, Station Approach, Louth, Lincolnshire LN11 0PS2
£220K02/210.3 mi11, Station Approach, Louth, Lincolnshire LN11 0PS2
£185K09/230.3 mi56, Aswell Street, Louth, Lincolnshire LN11 9HP2
£195K10/220.3 mi20, Station Approach, Louth, Lincolnshire LN11 0PS2
£336.5K03/240.31 mi2, Gospelgate Mews, Louth, Lincolnshire LN11 9JX2
£205K11/220.32 mi26, Station Approach, Louth, Lincolnshire LN11 0PS2
£133K11/200.32 mi51, Church Street, Louth, Lincolnshire LN11 9BZ2
£189.9K09/230.32 mi37, Lee Street, Louth, Lincolnshire LN11 9HJ2
£129.6K08/210.32 mi22, Ashley Road, Louth, Lincolnshire LN11 9DB2
£126K03/210.34 mi42, Little Lane, Louth, Lincolnshire LN11 9DU2
£100K03/210.34 mi46, Little Lane, Louth, Lincolnshire LN11 9DU2
£112K01/240.34 mi26, Little Lane, Louth, Lincolnshire LN11 9DU2
£116K08/230.34 mi22, Little Lane, Louth, Lincolnshire LN11 9DU2
£136K03/230.34 mi46, Little Lane, Louth, Lincolnshire LN11 9DU2
£155K04/240.34 mi16, Little Lane, Louth, Lincolnshire LN11 9DU2
£137K11/230.35 mi43, Newmarket, Louth, Lincolnshire LN11 9HR2
£130K12/200.35 mi16, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£150K10/200.35 mi22, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2

Local Rents

43 rents from £425/mo to £775/mo, average is £600/mo.

RentDateDistanceAddressBeds 
£57505/240.08 miNorthgate Court2
£57505/240.08 miNorthgate Court2
£54503/250.11 mi-2
£65005/240.12 miNorthgate Court, Louth. LN11 0LZ2
£56512/240.12 miJames Street, Louth2
£57505/240.13 miEastgate, Louth, LN112
£57505/240.13 miEastgate, Louth, LN112
£42505/240.15 miEastgate, Louth2
£42506/240.15 miEastgate, Louth2
£55012/240.16 mi-2
£65012/240.19 mi-2
£62505/240.2 miRamsgate Louth LN11 0NE2
£59505/240.2 miBridge View, Ramsgate, Louth. LN11 0NE2
£52010/240.21 mi-2
£75006/240.21 miRoyal Oak Court, Louth2
£55004/240.21 mi-2
£62505/240.21 miThe Gatherums, Queen Street Place2
£60003/250.22 mi-2
£62506/240.22 mi7 Newbridge Court Newbridge Hill Louth LN11 0NQ2
£61505/240.22 miRoyal Oak Court, Louth LN11 9JA2
£65006/240.24 miParsons Halt, Louth2
£65006/240.25 miKidgate, Louth2
£57505/240.26 miKidgate, Louth2
£59506/240.26 miBexon Court, Louth2
£65005/240.28 miPriory Road, Louth2
£60005/240.29 miMawers Yard, Kidgate, Louth2
£55006/240.3 miLeakes Row, Louth2
£62505/240.31 miUpgate, Louth2
£49505/240.32 miChurch Street, Louth, LN11 9BZ2
£57506/240.34 miGeorge Street, Louth2
£77505/240.35 miWestgate, Louth2
£58005/240.36 miSt Michaels Road, Louth LN11 9DA2
£67505/240.36 miLittle South Street, Louth, LN112
£49506/240.43 miChurch Street, Louth2
£67502/240.44 mi-2
£67503/250.44 mi-2
£62505/240.45 miCommercial Road, Louth2
£55005/240.53 mi3 Waterside Mews Eastgate Louth LN11 8DD2
£60012/240.55 miOld School Court, Eastfield Road, Louth2
£75005/240.6 miTroutbeck, Westgate, Louth, LN112
£74512/240.6 mi-2
£67501/250.61 mi-2
£67505/240.61 miPlover Grove, Louth, LN112

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.10 miles away

Nearest school

0.20 miles away

Nearest train station

13.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Price changed to £115,000

January 31, 2025

Listed for £125,000

September 4, 2023

Floor Plans

Description

A spacious Victorian terrace house located in the centre of Louth next to the River Lud and conveniently situated for all of the town’s local amenities. The property would benefit from some modernisation but has two good size reception rooms and bedrooms as well as a larger than average bathroom for a property of this size. EPC rating E.

Agent Details

John Taylors, Louth

01507 307697

Next Steps?

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