2 Bed Bungalow, Refurb/BRRR, Louth, LN11 7AS, £230,000

169 Eastfield Road, Louth, East Lindsey, LN11 7AS - a year ago

Sold STC
Refurb/BRRR
~72 m²
+14 photos

ValuationOvervalued

Sold Prices£93K - £295K
Sold Prices/m²£1.4K/m² - £3.6K/m²

 

 

Square Metres

~71.60 m²
Price/m²£3.2K/m²

Value Estimate

£157,524

 

 

End Value (After Refurb)

£200,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£14,800

Refurb Costs

£29,026

Bridging Loan Interest

£6,038

Total Cash In

£109,114

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£200,000

Mortgage (After Refinance)

£150,000

Mortgage LTV

75%

Cash Left In

£109,114

Equity

£50,000

Rent Range

£550 - £875

Rent Estimate

£712

Running Costs/mo

£787

Cashflow/mo

£-75

Cashflow/yr

£-905

Gross Yield

4%

Local Sold Prices

50 sold prices from £93K to £295K, average is £142K. £1.4K/m² to £3.6K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£93K12/200.01 mi149, Eastfield Road, Louth, Lincolnshire LN11 7AS2
£220K03/210.01 mi179, Eastfield Road, Louth, Lincolnshire LN11 7AS2
£123.5K12/230.16 mi59, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£115K04/230.16 mi91, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£110K04/230.16 mi97, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£100K01/210.25 mi1, Thames Street, Louth, Lincolnshire LN11 7AD2
£140K10/200.25 mi32, Elm Drive, Louth, Lincolnshire LN11 0DQ2
£209K04/230.25 mi32, Elm Drive, Louth, Lincolnshire LN11 0DQ2
£132.5K07/210.26 mi49, Eastfield Road, Louth, Lincolnshire LN11 7AJ2
£210K11/220.28 mi21, Christopher Close, Louth, Lincolnshire LN11 0BT2
£122.5K10/200.29 mi17, Riverhead, Louth, Lincolnshire LN11 0DD2
£94.5K04/210.29 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£150K01/230.29 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£97.5K10/220.32 mi3, Lucern Court, Louth, Lincolnshire LN11 7BA2
£139K05/230.35 mi53, Broadley Crescent, Louth, Lincolnshire LN11 8AN2
£173K01/230.37 mi6, Bishops Close, Louth, Lincolnshire LN11 8BT2
£210K11/210.39 mi1, Lyndon Way, Louth, Lincolnshire LN11 0BH2
£210K03/240.4 mi5, Lyndon Crescent, Louth, Lincolnshire LN11 0BJ2
£126.5K10/230.44 mi20, Commercial Road, Louth, Lincolnshire LN11 7AB2
£130K10/210.46 mi2, Freer Gardens, Louth, Lincolnshire LN11 8AW2
£135K10/230.46 mi3, Freer Gardens, Louth, Lincolnshire LN11 8AW2
£153K03/240.49 mi31, Swallow Drive, Louth, Lincolnshire LN11 0DN2
£146.5K06/230.49 mi41, Swallow Drive, Louth, Lincolnshire LN11 0DN2
£140K02/210.5 mi46, Keddington Road, Louth, Lincolnshire LN11 0AU2
£145K09/210.5 mi34, Keddington Road, Louth, Lincolnshire LN11 0AU2
£115K01/210.5 mi114, St Bernards Avenue, Louth, Lincolnshire LN11 8AT2
£170K03/230.52 mi181, Eastgate, Louth, Lincolnshire LN11 8DB2
£155K06/210.52 mi179, Eastgate, Louth, Lincolnshire LN11 8DB2
£168K04/230.52 mi183, Eastgate, Louth, Lincolnshire LN11 8DB2
£295K06/230.54 mi99, Monks Dyke Road, Louth, Lincolnshire LN11 8DN2
£112.5K12/200.55 mi18, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£120K03/230.55 mi1, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£205K01/240.55 mi61, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£260K04/230.56 mi5, Orchard Close, Louth, Lincolnshire LN11 0BS2
£205K11/220.57 mi26, Station Approach, Louth, Lincolnshire LN11 0PS2
£184K11/200.58 mi68, Fulmar Drive, Louth, Lincolnshire LN11 0ST2
£140K08/230.58 mi44, Fulmar Drive, Louth, Lincolnshire LN11 0ST2
£195K10/220.58 mi20, Station Approach, Louth, Lincolnshire LN11 0PS2
£117K11/200.58 mi60, Virginia Drive, Louth, Lincolnshire LN11 8BD2
£144K10/210.59 mi2a, Brackenborough Road, Louth, Lincolnshire LN11 0AE2
£158K10/230.59 mi22, Brackenborough Road, Louth, Lincolnshire LN11 0AE2
£222K04/210.59 mi5, Station Approach, Louth, Lincolnshire LN11 0PS2
£133K11/200.59 mi27, Station Approach, Louth, Lincolnshire LN11 0PS2
£138K10/200.59 mi19, Station Approach, Louth, Lincolnshire LN11 0PS2
£220K02/210.59 mi11, Station Approach, Louth, Lincolnshire LN11 0PS2
£130K12/200.61 mi16, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£125K04/210.61 mi18, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£130K04/210.61 mi11, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£150K10/200.61 mi22, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£160K04/240.61 mi5, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2

Local Rents

10 rents from £550/mo to £875/mo, average is £685/mo.

RentDateDistanceAddressBeds 
£80005/240.27 mi18 Conker Grove Louth LN11 7BY2
£77503/250.29 mi-2
£69505/240.3 miHarveys Lane, Louth. LN11 8BP2
£60012/240.34 miOld School Court, Eastfield Road, Louth2
£55005/240.35 mi3 Waterside Mews Eastgate Louth LN11 8DD2
£87506/240.39 miMonks Dyke Road, Louth2
£62505/240.44 miCommercial Road, Louth2
£85005/240.45 miCherry Way, Louth, LN11 7EY2
£67505/240.62 miPlover Grove, Louth, LN112
£67501/250.62 mi-2

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.96 miles away

Nearest school

0.50 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

Price changed to £230,000

February 8, 2025

Listed for £240,000

May 14, 2024

Floor Plans

Description

  • Charming Detached Bungalow +
  • 2 Double Bedrooms +
  • Bathroom and Ensuite +
  • Modern Fitted Kitchen with Larder Storage +
  • Large Lounge/Diner +
  • Detached Garage with Utility Features +
  • Expansive Rear Garden and Driveway +
  • Council Tax Band B +
  • EPC Rating D +

Available with No Forward Chain

This charming detached bungalow, well situated in close proximity to the centre of Louth, possesses an abundance of charm and character that would appeal to a wide variety of different buyers. Whether searching for a first or forever home, this property has something to offer you.

The product of many years of careful maintenance and schemes of modernisation, this surprisingly generous bungalow offers a range of sleek and modern features and adaptations, including a luxurious ensuite bathroom, a family shower room and an elegant new kitchen complete with fitted larder for added storage capability.

A pair of bay fronted bedrooms coupled with the extensive lounge/diner to the rear of the property means that this is a home with a sizable offering of versatile accommodation space. The lounge/diner in particular benefits from a range of other features such as an insulated floor, sliding patio doors and a vantage of the impressively sized and private rear garden behind.

The ample plot provides the bungalow with a host of advantages as well as the relative seclusion, including a drive for off road parking and a large detached garage, which, thanks to the facility for water and power, can also serve as a functional utility room as well as a storage or workshop space. A provision for hot and cold water for garden use is also perfect for those that want to enjoy the vast offering of space throughout whether it be for more green fingered activity or even simple relaxation.

The back garden itself is a wonderful size and would be the envy of many plots in a similar budget.

Stunning wooden floors, period cast iron radiators and a bright decor all imbue this home with a fantastic sense of character while pragmatism and convenience is also catered for with more modern functionality such the beautiful kitchen and bathrooms, central heating system and double glazing throughout.

For those specifically searching for a bungalow or even a detached home with singular appeal and plentiful charm, this is certainly a property to consider as one that would offer peace of mind as much as practical benefit.

The historic market town of Louth stands as the gateway to the Lincolnshire Wolds and its expansive town centre offers a wealth of amenities from shops, eateries, bars and pubs. With an area of outstanding natural beauty on your doorstep and sitting equidistant between the city of Lincoln as well as the eastern coast beaches, this is an area that offers no shortage of activities or attractions all year round.

This agent would whole heartedly recommend internal viewings to fully appreciate all that this bungalow has to offer.

Agent Details

Relo Estate Agents, Covering Grimsby

01472 404360

Next Steps?

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