3 Bed Semi-Detached House, Refurb/BRRR, Louth, LN11 8AR, £180,000

182 Monks Dyke Road, Louth, LN11 8AR - a year ago

Sold STC
Cash
Refurb/BRRR
ROI: 1%
~93 m²
+18 photos

ValuationFair Value

Sold Prices£100K - £335K
Sold Prices/m²£1.3K/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£182,539

 

 

End Value (After Refurb)

£192,792

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£37,702

Bridging Loan Interest

£4,725

Total Cash In

£95,777

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£192,792

Mortgage (After Refinance)

£144,594

Mortgage LTV

75%

Cash Released

£9,594

Cash Left In

£86,182

Equity

£48,198

Rent Range

£700 - £1,100

Rent Estimate

£852

Running Costs/mo

£793

Cashflow/mo

£59

Cashflow/yr

£709

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £100K to £335K, average is £177K. £1.3K/m² to £3.4K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£143K03/210.06 mi31, Freer Gardens, Louth, Lincolnshire LN11 8AW3
£161K03/210.07 mi184, Monks Dyke Road, Louth, Lincolnshire LN11 8AR3
£108K01/210.07 mi161, Monks Dyke Road, Louth, Lincolnshire LN11 8AR3
£195K12/220.08 mi100, St Bernards Avenue, Louth, Lincolnshire LN11 8AT3
£120K12/200.16 mi9, The Link, Louth, Lincolnshire LN11 8BA3
£155K04/230.17 mi18, Virginia Drive, Louth, Lincolnshire LN11 8BD3
£133K12/200.17 mi18, Virginia Drive, Louth, Lincolnshire LN11 8BD3
£190K11/230.22 mi153, Monks Dyke Road, Louth, Lincolnshire LN11 8DN3
£240K11/200.22 mi103, Monks Dyke Road, Louth, Lincolnshire LN11 8DN3
£135K08/210.27 mi49, Lacey Gardens, Louth, Lincolnshire LN11 8DG3
£121.5K05/210.29 mi14, Lacey Gardens, Louth, Lincolnshire LN11 8DF3
£205K08/230.31 mi70, Chestnut Drive, Louth, Lincolnshire LN11 7AY3
£182K07/230.31 mi99, Chestnut Drive, Louth, Lincolnshire LN11 7AY3
£171K06/210.32 mi20, Chestnut Drive, Louth, Lincolnshire LN11 7AX3
£174K06/210.32 mi57, Chestnut Drive, Louth, Lincolnshire LN11 7AX3
£192K06/210.32 mi7, Chestnut Drive, Louth, Lincolnshire LN11 7AX3
£260K05/210.32 mi38, Chestnut Drive, Louth, Lincolnshire LN11 7AX3
£205.5K10/210.33 mi30, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£150K02/210.33 mi14, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£229.9K07/210.33 mi32, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£170K01/210.33 mi4, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£140K11/200.33 mi63, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£153K06/230.33 mi5, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£168K05/210.33 mi7, Sycamore Drive, Louth, Lincolnshire LN11 8RT3
£148.5K02/210.33 mi8, Sycamore Drive, Louth, Lincolnshire LN11 8RT3
£272.5K01/230.33 mi264, Eastgate, Louth, Lincolnshire LN11 8DJ3
£160K12/200.35 mi61, Spire View Road, Louth, Lincolnshire LN11 8SL3
£239K10/210.35 mi1, Laburnum Crescent, Louth, Lincolnshire LN11 8SG3
£225K02/230.35 mi260, Eastgate, Louth, Lincolnshire LN11 8DJ3
£216K02/240.35 mi5, Spire View Road, Louth, Lincolnshire LN11 8SL3
£150K05/210.35 mi52, Spire View Road, Louth, Lincolnshire LN11 8SL3
£100K04/210.36 mi1, Luda Terrace, Louth, Lincolnshire LN11 7AF3
£188.5K06/210.36 mi15, Hazel Grove, Louth, Lincolnshire LN11 8RU3
£145K05/210.37 mi7, Riverside Court, Louth, Lincolnshire LN11 7AG3
£185K04/210.39 mi26, Eastfield Road, Louth, Lincolnshire LN11 7AR3
£195K12/200.39 mi78, Eastfield Road, Louth, Lincolnshire LN11 7AR3
£157.5K05/210.4 mi41, Priory Close, Louth, Lincolnshire LN11 9AS3
£210K10/230.41 mi6, Oak Close, Louth, Lincolnshire LN11 8SQ3
£121.5K01/240.41 mi5, Old Mill Park, Louth, Lincolnshire LN11 0NY3
£180K11/200.41 mi21, Old Mill Park, Louth, Lincolnshire LN11 0NY3
£144K02/210.42 mi213, Eastfield Road, Louth, Lincolnshire LN11 7AS3
£255K04/210.44 mi32, Wood Lane, Louth, Lincolnshire LN11 8SA3
£150K03/230.44 mi72, Mount Pleasant Avenue, Louth, Lincolnshire LN11 9DJ3
£180K02/230.44 mi55, Mount Pleasant Avenue, Louth, Lincolnshire LN11 9DH3
£155K12/200.45 mi2, Old Mill Park, Louth, Lincolnshire LN11 0NY3
£227K03/210.45 mi35, Mount Pleasant, Louth, Lincolnshire LN11 9DW3
£260K01/210.46 mi1, Burton Court, Louth, Lincolnshire LN11 8RJ3
£227.5K08/210.47 mi190, Eastgate, Louth, Lincolnshire LN11 9AG3
£180K02/240.47 mi230, Eastgate, Louth, Lincolnshire LN11 9AG3
£335K12/220.47 mi4, Pippin Close, Louth, Lincolnshire LN11 9FF3

Local Rents

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

RentDateDistanceAddressBeds 
£85006/240.08 miBroadley Crescent, Louth, LN113
£85005/240.08 mi-3
£75005/240.29 miSt. Bernards Avenue, Louth3
£75006/240.29 miSt. Bernards Avenue, Louth3
£87505/240.42 miOld Chapel Mews, Louth, LN113
£75005/240.48 miPriory Road, Louth3
£75005/240.59 miRamsgate, Louth3
£92512/240.66 miPasture Drive, Louth3
£85005/240.68 miLouth Park Farms, Keddington, Louth. LN11 7HL3
£85005/240.69 mi-3
£92505/240.75 miLavender Way, Louth3
£85005/240.75 miBuddlela Drive, Alexander Park, Louth3
£90012/240.76 mi-3
£85005/240.77 miSeymour Avenue, Louth3
£1,10005/240.78 miHigh Holme Road, Louth3
£70005/240.82 miFulmar Drive, Louth. LN11 0ST3
£73505/240.83 mi-3
£82503/250.83 mi-3
£85003/250.83 mi-3
£87505/240.84 mi-3
£87505/240.84 miFulmar Drive, Louth, LN113
£75005/240.86 miNichol Hill, Louth, LN113
£85005/240.98 miGospelgate, Louth3
£79505/240.98 miGospelgate, Louth3
£85005/241.02 miChatsworth Drive, Louth3
£1,10005/241.09 miHorncastle Road, Louth3
£79505/241.13 miArundel Drive, Louth. LN11 0HZ3
£1,00006/241.21 miSt. Marys Lane, Louth3

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.85 miles away

Nearest school

0.20 miles away

Nearest train station

13.59 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £180,000

April 18, 2024

Floor Plans

Description

  • Semi-detached house +
  • Three bedrooms +
  • Kitchen +
  • Two reception rooms +
  • Driveway +
  • Generous and attractive rear garden +
  • Beautifully maintained throughout +
  • Viewing highly advised +
  • Close to the local amenities +
  • No upper chain +

It is a pleasure for Choice Properties to bring to the market this spacious and well presented three bedroom semi detached house, located within the thriving market town of Louth. The property benefits from two reception rooms, generous layout, attractive and beautifully maintained garden to the rear. With a price reflecting the potential for further modernisation viewing is highly recommended. Please note this property has no upward chain.

Porch - 1.04m x 1.06m (3'5" x 3'6") - Entrance from the front door leads to the porch. Door to:-

Inner Store - 1.71m x 1.25m (5'7" x 4'1") - Providing extra storage space. With power and lighting.

Utility Area - 7.39m x 1.38m (24'3" x 4'6") - Entrance for the side door leads into the utility area. This space is fitted with a range of base units with worksurfaces over. Door to kitchen.

Hallway - 1.87m x 3.10m (6'2" x 10'2") - Staircase to the first floor, under stairs storage, smoke alarm, radiator.

Kitchen - 3.70m x 3.40m (12'2" x 11'2") - Fitted with a range of wall and base units with worksurfaces over, one and a half bowl stainless steel sink unit with drainer and mixer taps, integral electric cooker with gas hob and extractor hood over, space for fridge/freezer, plumbing for a washing machine, partly tiled walls, radiator, built in pantry, wall mounted 'Worcester' gas boiler, programming controls for the central heating.

Dining Room - 3.06m x 2.54m (10'0" x 8'4") - With ample space for a family dining table, side board, radiator, smoke alarm. Open archway leading into:-

Reception Room - 3.74m x 3.96m (12'3" x 13'0") - Gas fire set into featured surround, radiator, wall mounted thermostat controls.

Landing - Loft access, smoke alarm.

Bedroom 1 - 3.74m x 3.47m (12'3" x 11'5") - Remarkably spacious double bedroom, fitted wardrobe, feature fireplace set into surround, radiator.

Bedroom 2 - 3.43m x 3.04m (11'3" x 10'0") - Spacious double bedroom, fitted wardrobe and radiator.

Bedroom 3 - 3.32m x 2.15m (10'11" x 7'1") - Spacious single bedroom/ ideal office space, radiator.

Shower Room - 2.49m'' x 2.11m'' (8'2'' x 6'11'') - Fitted with a three piece suite comprising a large walk-in shower cubicle with main shower over, wash hand basin set into vanity unit with single taps, dual flush w.c., fully tiled walls, chrome heated towel rail (central heating operated or by switch), extractor fan, built in airing cupboard housing the hot water cylinder with immersion heater.

Wc - 1.71m x 0.86m (5'7" x 2'10") - Fitted with w.c.

Bricked Outside Store - 1.62m x 2.21m (5'4" x 7'3") - Bricked outside store room, with power and lighting.

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

Garden - To the rear of the property you will find an attractive and generously sized south facing garden which is privately enclosed with fencing to the boundaries. The garden features a partly paved patio seating area with a further laid to lawn section and is adorned with an abundance of colourful and established plants, trees and shrubbery to the borders. There are two timber storage sheds included in the sale. The front of the property can be accessed via the utility area.

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 A. Amount Payable for 2023/24 - £1340.37.

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 regulations we will ask you to provide us with formal photographic ID by way of either a passport or driving licence together with a current utility bill. 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.

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.

Agent Details

Choice Properties, Louth

01507 308529

Next Steps?

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