4 Bed Semi-Detached House, Cash/Bridging Only, Louth, LN11 0ZG, £229,950

5 Petrel Drive, Louth, LN11 0ZG - a year ago

Sold STC
Cash
ROI: 1%
109 m²
+27 photos

ValuationOvervalued

Sold Prices£115K - £470K
Sold Prices/m²£1.4K/m² - £4.8K/m²

 

 

Square Metres

109 m²
Price/m²£2.1K/m²

Value Estimate

£198,112

 

 

End Value (After Refurb)

£225,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,488

Stamp Duty & Legal Fees

£8,249

Refurb Costs

£44,188

Bridging Loan Interest

£6,036

Total Cash In

£117,710

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£225,000

Mortgage (After Refinance)

£168,750

Mortgage LTV

75%

Cash Left In

£117,710

Equity

£56,250

Rent Range

£700 - £2,500

Rent Estimate

£1,026

Running Costs/mo

£928

Cashflow/mo

£98

Cashflow/yr

£1,172

ROI

1%

Gross Yield

5%

Local Sold Prices

21 sold prices from £115K to £470K, average is £275K. £1.4K/m² to £4.8K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£191K01/210.16 mi22, Amanda Drive, Louth, Lincolnshire LN11 0AZ4
£275K05/230.19 mi3, Anthony Crescent, Louth, Lincolnshire LN11 0AY4
£115K10/200.2 mi1, Jubilee Crescent, Louth, Lincolnshire LN11 0AL4
£125K11/200.23 mi19, Keddington Crescent, Louth, Lincolnshire LN11 0AP4
£320K08/230.26 mi57, Keddington Road, Louth, Lincolnshire LN11 0BA4
£242.5K02/230.32 mi26, Elm Drive, Louth, Lincolnshire LN11 0DQ4
£185K03/210.34 mi34, Brackenborough Road, Louth, Lincolnshire LN11 0AE4
£340K06/230.39 mi11, Davey Close, Louth, Lincolnshire LN11 0AB4
£470K09/230.45 mi30, Victoria Road, Louth, Lincolnshire LN11 0BX4
£190K03/230.46 mi34, Riverhead, Louth, Lincolnshire LN11 0DD4
£192.5K03/210.55 mi123, Eastfield Road, Louth, Lincolnshire LN11 7AS4
£312K01/230.56 mi19, Eastfield Road, Louth, Lincolnshire LN11 7AJ4
£372K01/210.63 mi3, Abbey Park, Louth, Lincolnshire LN11 7BB4
£240K03/210.78 mi52, High Holme Road, Louth, Lincolnshire LN11 0EY4
£320K10/210.81 mi21, High Holme Road, Louth, Lincolnshire LN11 0EX4
£370K05/230.81 mi21, High Holme Road, Louth, Lincolnshire LN11 0EX4
£295K11/200.84 mi3, Kiln Lane, Louth, Lincolnshire LN11 0LG4
£330K09/210.85 mi2, Hill Rise, Louth, Lincolnshire LN11 0YY4
£357K03/210.85 mi3, Hill Rise, Louth, Lincolnshire LN11 0YY4
£195K07/210.87 mi12, Cedar Close, Louth, Lincolnshire LN11 0EH4
£235K12/200.9 mi82, Grimsby Road, Louth, Lincolnshire LN11 0DZ4

Local Rents

28 rents from £700/mo to £2.5K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£70005/240.17 miFulmar Drive, Louth. LN11 0ST3
£87505/240.17 mi-3
£87505/240.17 miFulmar Drive, Louth, LN113
£73505/240.18 mi-3
£82503/250.18 mi-3
£85005/240.23 mi-3
£85003/250.26 mi-3
£85005/240.61 miChatsworth Drive, Louth3
£87505/240.61 miOld Chapel Mews, Louth, LN113
£1,10005/240.63 miHigh Holme Road, Louth3
£75005/240.63 miSt. Bernards Avenue, Louth3
£75006/240.63 miSt. Bernards Avenue, Louth3
£1,20006/240.76 miAcorn Avenue, Louth, LN114
£79505/240.76 miArundel Drive, Louth. LN11 0HZ3
£75005/240.79 miRamsgate, Louth3
£85005/240.79 mi-3
£85006/240.79 miBroadley Crescent, Louth, LN113
£75005/240.83 miPriory Road, Louth3
£75005/240.98 miNichol Hill, Louth, LN113
£1,35005/241.02 miWestfield Park , Louth4
£85005/241.06 miLouth Park Farms, Keddington, Louth. LN11 7HL3
£1,14509/241.11 mi-4
£1,50005/241.17 miButtercup Lane, Louth4
£85005/241.18 miGospelgate, Louth3
£79505/241.18 miGospelgate, Louth3
£1,00006/241.19 miSt. Marys Lane, Louth3
£2,50005/241.23 miBrakenborough, Louth4
£2,50005/241.23 miBrakenborough, Louth4

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.86 miles away

Nearest school

0.60 miles away

Nearest train station

12.74 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 £229,950

December 4, 2024

Listed for £234,950

November 1, 2023

Floor Plans

Description

  • Semi-detached house +
  • Four bedrooms (Master with en-suite) +
  • Reception room +
  • Dining room +
  • Family bathroom +
  • W.c. +
  • Driveway +
  • Garage +
  • Garden +

It is a pleasure for Choice Properties to bring to the market this stunning and stylish four bedroom (1 en-suite) semi-detached town house, situated on a modern and sought after development. This immaculately presented property further benefits from two reception rooms, driveway with parking and sits proudly upon a well tended garden. Viewing is highly advised to appreciate the accommodation on offer. NO UPPER CHAIN

Hallway - 4.60m x 2.03m (15'1" x 6'8") - Staircase to the first floor, under stairs storage cupboard, wall mounted consumer unit, thermostat controls.

Kitchen - 3.44m x 3.03m (11'3" x 9'11") - Fitted with a stylish range of wall and base units with worktops over, one and a half bowl stainless steel sink unit with drainer and mixer taps, integral double cooker, four ring gas hob with featured extractor over, integrated fridge/freezer and dishwasher, plumbing for a washing machine.

Reception Room - 3.70m x 4.81m (12'2" x 15'9") - Spacious light and airy reception room overlooking the garden, TV Aerial point, telephone point, French double opening patio doors to the rear aspect leading to the rear garden, door to:-

Dining Room - 3.48m x 3.09m (11'5" x 10'2") -

Wc - Fitted with a white two piece suite comprising wash hand basin with mixer tap, dual flush w.c., tiled slash backs.

Landing - Door to lobby, leading to the third floor.

Bedroom 2 - 3.40m x 2.27m (11'2" x 7'5") - Double bedroom, uPVC double glazed window.

Bedroom 3 - 2.87m x 2.58m (9'5" x 8'6") - Double bedroom, uPVC double glazed window.

Bedroom 4 - 2.39m x 2.44m (7'10" x 8'0") - Single bedroom, uPVC double glazed window.

Bathroom - 1.93m x 2.58m (6'4" x 8'6") - Fitted with a modern three piece suite comprising panelled bath with mains shower over, wash hand basin with mixer tap, dual flush w.c., tiled splash backs.

Lobby - Staircase to the third floor.

Bedroom 1 - 5.27m x 4.81m (17'3" x 15'9") - Window to front, twoStorage cupboard, two sliding doors, door to:

En-Suite Shower Room - Fitted with a modern three piece suite comprising large shower cubicle with electric shower over, wash hand basin, dual flush w.c., tiled splash backs.

Driveway - Paved driveway providing off road parking for two vehicles.

Garage - 2.13m x 3.09m (7'0" x 10'2") - Up and over door, power and lighting.

Garden - To the rear of the property you will find a beautifully maintained garden which is mainly laid to lawn and enclosed with timber fencing to the boundaries. There is also a spacious paved patio seating area located outside the reception room, which is ideal for soaking up the sunshine or dining alfresco. The garden is south facing so you can enjoy the sun all day. A timber gate the side of the property provides access to the front garden.

Tenure - Freehold.

Council Tax Band - Local Authority - East Lindsey District Council,
Tedder Hall,
Manby Park,
Louth.
LN11 8UP
Tel. No.
Website:

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

Viewing Arrangements - Viewing by appointment through Choice Properties Louth on .

Opening Hours - Monday to Friday 9.00 a.m to 5.00 p.m.
Saturday 9.00 a.m. to 3.00 p.m.

Making An Offer - If you are interested in making an offer on this property please have a chat with us and we will be happy to start the negotiations for you. Under money laundering regulation we will ask you to provide us with formal photographic ID by way of either a passport or driving licence. If you are travelling from afar we would advise bringing this documentation with you just in case this home is perfect for you.
We would also like to make you aware that we will require details of your estate agents, proof of funds should you be a cash buyer and solicitors details, as this helps us to start the transaction quickly for you.

Agent Details

Choice Properties, Louth

01507 308529

Next Steps?

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