2 Bed Bungalow, Refurb/BRRR, Louth, LN11 0HD, £209,950

62 St Peters Avenue, Cleethorpes, DN35 8HP - 10 months ago

Refurb/BRRR
~64 m²
+8 photos

ValuationOvervalued

Sold Prices£73.5K - £260K
Sold Prices/m²£1K/m² - £3.5K/m²

 

 

Square Metres

~64 m²
Price/m²£3.3K/m²

Value Estimate

£136,148

 

 

End Value (After Refurb)

£203,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,488

Stamp Duty & Legal Fees

£13,397

Refurb Costs

£25,945

Bridging Loan Interest

£5,511

Total Cash In

£99,090

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£203,500

Mortgage (After Refinance)

£152,625

Mortgage LTV

75%

Cash Left In

£99,090

Equity

£50,875

Rent Range

£425 - £775

Rent Estimate

£602

Running Costs/mo

£776

Cashflow/mo

£-174

Cashflow/yr

£-2,092

Gross Yield

3%

Local Sold Prices

50 sold prices from £73.5K to £260K, average is £140K. £1K/m² to £3.5K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£115K04/230.02 mi128, High Holme Road, Louth, Lincolnshire LN11 0HE2
£120K12/200.02 mi78, High Holme Road, Louth, Lincolnshire LN11 0HE2
£165K10/200.05 mi119c, High Holme Road, Louth, Lincolnshire LN11 0HD2
£98.5K10/220.08 mi70, High Holme Road, Louth, Lincolnshire LN11 0HE2
£125K10/210.1 mi42, Hawthorne Avenue, Louth, Lincolnshire LN11 0LD2
£137.5K11/220.12 mi35, Charles Street, Louth, Lincolnshire LN11 0LB2
£142.5K01/230.12 mi10, Cordeaux Close, Louth, Lincolnshire LN11 0GD2
£135K12/230.17 mi60, High Holme Road, Louth, Lincolnshire LN11 0EY2
£140K05/230.17 mi58, High Holme Road, Louth, Lincolnshire LN11 0EY2
£130K12/200.17 mi16, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£125K04/210.17 mi18, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£130K04/210.17 mi11, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£150K10/200.17 mi22, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£160K04/240.17 mi5, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£142.5K01/230.19 mi6, Wellington Street, Louth, Lincolnshire LN11 0JS2
£130K05/210.19 mi12, Wellington Street, Louth, Lincolnshire LN11 0JS2
£121K06/210.19 mi4, Wellington Street, Louth, Lincolnshire LN11 0JS2
£260K04/230.22 mi5, Orchard Close, Louth, Lincolnshire LN11 0BS2
£222K04/210.22 mi5, Station Approach, Louth, Lincolnshire LN11 0PS2
£133K11/200.22 mi27, Station Approach, Louth, Lincolnshire LN11 0PS2
£138K10/200.22 mi19, Station Approach, Louth, Lincolnshire LN11 0PS2
£220K02/210.22 mi11, Station Approach, Louth, Lincolnshire LN11 0PS2
£195K10/220.22 mi20, Station Approach, Louth, Lincolnshire LN11 0PS2
£205K11/220.23 mi26, Station Approach, Louth, Lincolnshire LN11 0PS2
£90K03/210.25 mi26, James Street, Louth, Lincolnshire LN11 0JW2
£170K03/230.26 mi15, Cedar Close, Louth, Lincolnshire LN11 0EH2
£144K10/210.28 mi2a, Brackenborough Road, Louth, Lincolnshire LN11 0AE2
£158K10/230.28 mi22, Brackenborough Road, Louth, Lincolnshire LN11 0AE2
£73.5K02/210.29 miChapel Cottage, Northgate, Louth, Lincolnshire LN11 0LY2
£140K02/210.3 mi46, Keddington Road, Louth, Lincolnshire LN11 0AU2
£145K09/210.3 mi34, Keddington Road, Louth, Lincolnshire LN11 0AU2
£165K07/230.31 mi63, Broadbank, Louth, Lincolnshire LN11 0EW2
£168K07/210.31 mi105, Brackenborough Road, Louth, Lincolnshire LN11 0AD2
£108K02/210.31 mi4, Northgate Place, Louth, Lincolnshire LN11 0QL2
£225K04/230.34 mi105, Brackenborough Road, Louth, Lincolnshire LN11 0AD2
£180K04/230.34 mi2, Cistern Gate, Louth, Lincolnshire LN11 0ER2
£162K05/230.34 mi15, Union Street, Louth, Lincolnshire LN11 0ES2
£135K08/210.35 mi6, Spout Yard, Louth, Lincolnshire LN11 0LW2
£94K05/210.37 mi180b, Eastgate, Louth, Lincolnshire LN11 9AG2
£116K04/210.37 mi182, Eastgate, Louth, Lincolnshire LN11 9AG2
£120K11/220.38 mi7, Nichol Hill, Louth, Lincolnshire LN11 9NQ2
£95K12/200.4 mi2, Priory Road, Louth, Lincolnshire LN11 9AL2
£87.5K05/230.4 mi8, Priory Road, Louth, Lincolnshire LN11 9AL2
£170K03/230.4 mi181, Eastgate, Louth, Lincolnshire LN11 8DB2
£155K06/210.4 mi179, Eastgate, Louth, Lincolnshire LN11 8DB2
£168K04/230.4 mi183, Eastgate, Louth, Lincolnshire LN11 8DB2
£95K10/200.4 mi16b, Queen Street, Louth, Lincolnshire LN11 9AU2
£126.5K10/230.4 mi20, Commercial Road, Louth, Lincolnshire LN11 7AB2
£148.5K11/230.41 mi15, Grimsby Road, Louth, Lincolnshire LN11 0ED2
£180K03/210.45 mi42, Priory Close, Louth, Lincolnshire LN11 9AS2

Local Rents

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

RentDateDistanceAddressBeds 
£55006/240.07 miLeakes Row, Louth2
£60003/250.14 mi-2
£55012/240.15 mi-2
£55004/240.17 mi-2
£62506/240.21 mi7 Newbridge Court Newbridge Hill Louth LN11 0NQ2
£56512/240.22 miJames Street, Louth2
£65006/240.22 miParsons Halt, Louth2
£62505/240.25 miRamsgate Louth LN11 0NE2
£59505/240.25 miBridge View, Ramsgate, Louth. LN11 0NE2
£57505/240.32 miNorthgate Court2
£57505/240.32 miNorthgate Court2
£57505/240.32 miEastgate, Louth, LN112
£57505/240.32 miEastgate, Louth, LN112
£65005/240.33 miNorthgate Court, Louth. LN11 0LZ2
£54503/250.34 mi-2
£65012/240.34 mi-2
£74512/240.38 mi-2
£67501/250.38 mi-2
£67505/240.38 miPlover Grove, Louth, LN112
£65005/240.38 miPriory Road, Louth2
£42505/240.39 miEastgate, Louth2
£42506/240.39 miEastgate, Louth2
£62505/240.41 miCommercial Road, Louth2
£75006/240.43 miRoyal Oak Court, Louth2
£52010/240.44 mi-2
£62505/240.44 miThe Gatherums, Queen Street Place2
£61505/240.44 miRoyal Oak Court, Louth LN11 9JA2
£65006/240.46 miKidgate, Louth2
£55005/240.46 mi3 Waterside Mews Eastgate Louth LN11 8DD2
£57505/240.47 miKidgate, Louth2
£60012/240.48 miOld School Court, Eastfield Road, Louth2
£59506/240.49 miBexon Court, Louth2
£49505/240.51 miChurch Street, Louth, LN11 9BZ2
£60005/240.52 miMawers Yard, Kidgate, Louth2
£62505/240.54 miUpgate, Louth2
£77505/240.55 miWestgate, Louth2
£57506/240.56 miGeorge Street, Louth2
£58005/240.58 miSt Michaels Road, Louth LN11 9DA2
£67505/240.6 miLittle South Street, Louth, LN112

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.24 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 £209,950

February 20, 2025

Price changed to £224,950

December 10, 2024

Listed for £239,950

May 24, 2024

Floor Plans

Description

  • Detached bungalow located within the popular town of Louth +
  • Being sold with NO FORWARD CHAIN +
  • Requiring a scheme of modernisation +
  • Two double bedrooms and a shower room +
  • Lounge, kitchen and dining room +
  • Garden spaces to the front and rear, driveway and garage +
  • Timber double glazing and gas central heating +
  • Energy performance rating TBC and Council tax band C +

NO FORWARD CHAIN. Detached bungalow located within a town centre location within the ever popular market town of Louth. Ideal for someone looking to downsize. The property does require a scheme of modernisation but will but has the great potential to make someone a lovely home. Nearby to a wide variety of local amenities and with viewing highly advised. Internal viewing will reveal the side porch, entrance hall, lounge, kitchen, dining room, two double bedrooms and the shower room. Externally there is a garage, driveway and gardens to the front and rear and the property also benefits from timber double glazing and gas central heating.

Agent Details

Crofts Estate Agents, Louth

01507 308526

Next Steps?

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