3 Bed Detached House, Refurb/BRRR, Louth, LN11 8EN, £375,000

68 Kenwick Road Louth LN11 8EN - a year ago

Refurb/BRRR
~93 m²
+18 photos

ValuationOvervalued

Sold Prices£120K - £335K
Sold Prices/m²£1.5K/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£4K/m²

Value Estimate

£200,710

 

 

End Value (After Refurb)

£315,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£37,702

Bridging Loan Interest

£9,844

Total Cash In

£161,745

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£315,000

Mortgage (After Refinance)

£236,250

Mortgage LTV

75%

Cash Left In

£161,745

Equity

£78,750

Rent Range

£750 - £1,100

Rent Estimate

£845

Running Costs/mo

£1,173

Cashflow/mo

£-328

Cashflow/yr

£-3,940

Gross Yield

3%

Local Sold Prices

50 sold prices from £120K to £335K, average is £187K. £1.5K/m² to £3.4K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£225K05/230.04 mi73, Kenwick Road, Louth, Lincolnshire LN11 8EL3
£190K02/240.04 mi63, Kenwick Road, Louth, Lincolnshire LN11 8EL3
£228.5K01/210.04 mi89, Kenwick Road, Louth, Lincolnshire LN11 8EL3
£230K12/220.06 mi77, Kenwick Road, Louth, Lincolnshire LN11 8EL3
£165K10/200.11 mi19, Southlands Avenue, Louth, Lincolnshire LN11 8EW3
£219.9K11/220.11 mi24, Southlands Avenue, Louth, Lincolnshire LN11 8EW3
£265K11/230.15 mi8, Legbourne Road, Louth, Lincolnshire LN11 8ER3
£160K06/210.19 mi43, Legbourne Road, Louth, Lincolnshire LN11 8ES3
£232K08/210.19 mi39, Legbourne Road, Louth, Lincolnshire LN11 8ES3
£187K03/230.22 mi17, Kenwick Road, Louth, Lincolnshire LN11 8EH3
£250K10/220.23 mi20, Eresbie Road, Louth, Lincolnshire LN11 8YG3
£187K05/230.24 mi5, Florence Wright Avenue, Louth, Lincolnshire LN11 8EJ3
£255K12/200.32 mi3, Beck Way, Louth, Lincolnshire LN11 8XH3
£180K04/230.33 mi1, Alder Close, Louth, Lincolnshire LN11 8XB3
£270K03/230.35 mi12, Stutte Close, Louth, Lincolnshire LN11 8YN3
£219.9K03/210.39 mi33, Seymour Avenue, Louth, Lincolnshire LN11 9EW3
£244K06/230.4 mi3a, Stewton Lane, Louth, Lincolnshire LN11 8RZ3
£169.5K02/210.4 mi13, Southfield Drive, Louth, Lincolnshire LN11 9ED3
£230K12/200.4 mi12, Southfield Drive, Louth, Lincolnshire LN11 9ED3
£189.9K10/220.4 mi13, Southfield Drive, Louth, Lincolnshire LN11 9ED3
£185K06/230.44 mi8, Queens Court, Louth, Lincolnshire LN11 8RR3
£150K11/210.46 mi15, Adrian Close, Louth, Lincolnshire LN11 9EP3
£255K04/210.46 mi32, Wood Lane, Louth, Lincolnshire LN11 8SA3
£155K11/200.48 mi40, Alexander Drive, Louth, Lincolnshire LN11 8QG3
£145K06/210.48 mi32, Alexander Drive, Louth, Lincolnshire LN11 8QG3
£153K04/210.48 mi42, Alexander Drive, Louth, Lincolnshire LN11 8QG3
£165K07/230.48 mi28, Alexander Drive, Louth, Lincolnshire LN11 8QG3
£150K06/230.48 mi32, Alexander Drive, Louth, Lincolnshire LN11 8QG3
£160K04/230.48 mi38, Alexander Drive, Louth, Lincolnshire LN11 8QG3
£260K01/210.5 mi1, Burton Court, Louth, Lincolnshire LN11 8RJ3
£210K10/230.5 mi6, Oak Close, Louth, Lincolnshire LN11 8SQ3
£188.5K06/210.53 mi15, Hazel Grove, Louth, Lincolnshire LN11 8RU3
£160K05/230.54 mi49, Watts Lane, Louth, Lincolnshire LN11 9DG3
£168K05/210.57 mi7, Sycamore Drive, Louth, Lincolnshire LN11 8RT3
£148.5K02/210.57 mi8, Sycamore Drive, Louth, Lincolnshire LN11 8RT3
£239K10/210.57 mi1, Laburnum Crescent, Louth, Lincolnshire LN11 8SG3
£150K03/230.57 mi72, Mount Pleasant Avenue, Louth, Lincolnshire LN11 9DJ3
£216K02/240.59 mi5, Spire View Road, Louth, Lincolnshire LN11 8SL3
£150K05/210.59 mi52, Spire View Road, Louth, Lincolnshire LN11 8SL3
£225K04/210.59 mi11, Pippin Close, Louth, Lincolnshire LN11 9FF3
£160K12/200.59 mi61, Spire View Road, Louth, Lincolnshire LN11 8SL3
£180K02/230.6 mi55, Mount Pleasant Avenue, Louth, Lincolnshire LN11 9DH3
£335K12/220.6 mi4, Pippin Close, Louth, Lincolnshire LN11 9FF3
£245K05/210.62 miCemetery Lodge, Upgate, Louth, Lincolnshire LN11 9QW3
£149K11/210.63 mi24, Newmarket, Louth, Lincolnshire LN11 9EQ3
£227K03/210.69 mi35, Mount Pleasant, Louth, Lincolnshire LN11 9DW3
£182.5K12/230.71 mi26, St Michaels Road, Louth, Lincolnshire LN11 9DA3
£120K12/200.75 mi9, The Link, Louth, Lincolnshire LN11 8BA3
£181K03/240.76 mi79, Upgate, Louth, Lincolnshire LN11 9HF3
£133K12/200.76 mi18, Virginia Drive, Louth, Lincolnshire LN11 8BD3

Local Rents

16 rents from £750/mo to £1.1K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£92512/240.23 miPasture Drive, Louth3
£85005/240.27 miBuddlela Drive, Alexander Park, Louth3
£92505/240.3 miLavender Way, Louth3
£90012/240.3 mi-3
£85005/240.4 miSeymour Avenue, Louth3
£75005/240.87 miPriory Road, Louth3
£1,10005/240.91 miHorncastle Road, Louth3
£85005/240.96 mi-3
£85006/240.96 miBroadley Crescent, Louth, LN113
£75005/240.97 miRamsgate, Louth3
£85005/240.98 miGospelgate, Louth3
£79505/240.98 miGospelgate, Louth3
£75005/241.03 miNichol Hill, Louth, LN113
£75005/241.04 miSt. Bernards Avenue, Louth3
£75006/241.04 miSt. Bernards Avenue, Louth3
£87505/241.05 miOld Chapel Mews, Louth, LN113

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

1.14 miles away

Nearest school

0.70 miles away

Nearest train station

14.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £375,000

March 22, 2024

Floor Plans

Description

An excellent opportunity to purchase a detached house that  has been in the same ownership since it was built in the 1940's and which enjoys many original features but does require a scheme of renovation and refurbishment. The property is situated in a desirable residential area on the outskirts of the town and enjoys a spacious plot with mature gardens as well as ample off street parking. No onward chain.

Agent Details

John Taylors, Louth

01507 307697

Next Steps?

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