2 Bed Detached House, Single Let, Louth, LN11 7QT, £120,000

Keeling Street, North Somercotes, LOUTH, LN11 7QT - 10 months ago

BTL
ROI: 2%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£110K - £300K
Sold Prices/m²£1.8K/m² - £3.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£156,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£5,100

Total Cash In

£35,100

 

 

Cash Out

 

Rent Range

£550 - £750

Rent Estimate

£595

Running Costs/mo

£514

Cashflow/mo

£81

Cashflow/yr

£972

ROI

3%

Gross Yield

6%

Local Sold Prices

12 sold prices from £110K to £300K, average is £188.5K. £1.8K/m² to £3.7K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£227K05/230.52 miSt Anton, Jubilee Road, North Somercotes, Louth, Lincolnshire LN11 7LH2
£110K04/210.52 miLakeside, Jubilee Road, North Somercotes, Louth, Lincolnshire LN11 7LH2
£175K10/200.52 miSt Anton, Jubilee Road, North Somercotes, Louth, Lincolnshire LN11 7LH2
£250K02/232.03 miSomewhere, Louth Road, South Somercotes, Louth, Lincolnshire LN11 7BW2
£192K11/212.15 miThe Bungalow, Warren Road, Saltfleet, Louth, Lincolnshire LN11 7RU2
£185K02/212.39 mi1, Holmes Close, Saltfleet, Louth, Lincolnshire LN11 7UL2
£300K02/242.46 miThe Haven, Main Road, Grainthorpe, Louth, Lincolnshire LN11 7JS2
£120K08/212.52 mi2, High Street, Grainthorpe, Louth, Lincolnshire LN11 7HS2
£245K12/222.59 mi3, Jacklin Close, Grainthorpe, Louth, Lincolnshire LN11 7HA2
£119K11/202.61 miSouthlands, High Street, Grainthorpe, Louth, Lincolnshire LN11 7JA2
£136K02/212.66 mi6, Stapes Garth, Grainthorpe, Louth, Lincolnshire LN11 7FD2
£225K02/212.79 miYew Tree Cottage, Grey Fleet Bank, Saltfleet, Louth, Lincolnshire LN11 7SE2

Local Rents

8 rents from £550/mo to £750/mo, average is £623/mo.

RentDateDistanceAddressBeds 
£75003/240.07 mi-3
£55003/250.11 mi-2
£55003/250.11 mi-2
£59512/240.13 mi-2
£59510/240.13 mi-2
£65006/242.36 mi-2
£69501/252.36 mi-2
£72501/252.36 mi-2

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

8.07 miles away

Nearest school

0.30 miles away

Nearest train station

10.72 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 £120,000

December 26, 2024

Listed for £130,000

June 1, 2024

Floor Plans

Description

  • NO CHAIN +
  • CHARACTER +
  • 2 BEDROOMS +
  • ON STREET PARKING +
  • CALL US TO ARRANGE A VIEWING +

SUMMARY
*NO CHAIN*

2 Bedroom Cottage boasting Character located in North Somercotes. In brief, the property comprises of Lounge, Kitchen, Shower Room & 2 Bedrooms. Externally there is a small courtyard area at the rear with coal shed and the front offers on-street parking.

DESCRIPTION
*NO CHAIN*

2 Bedroom Cottage boasting Character located in North Somercotes. In brief, the property comprises of Lounge, Kitchen, Shower Room & 2 Bedrooms. Externally there is a small courtyard area at the rear with coal shed and the front offers on-street parking.

The property is close to amenities as well as public transport links and the property is only a short drive away from the market town of Louth

Entrance 
Entrance door leads into the hallway which has doors into:

Lounge 13' 1" x 12' 7" ( 3.99m x 3.84m )
Has a window to two elevations and built in storage cupboard with shelving

Kitchen: 13' 6" x 5' 6" ( 4.11m x 1.68m )
Has wall and base units with worktop space over, integrated oven, hob and extractor, sink, loft hatch access, door and window to the rear and door into:

Shower Room 
Has a shower, WC, sink, tiled walls and an opaque window.

Dining/Study Area 
Off the entrance hall is a versatile space which could be used as a dining area or study area if desired, has a window to the front, cupboard with fuse board and ladder style staircase leading to the 1st floor.

Bedroom 1 14' 6" x 13' ( 4.42m x 3.96m )
Has a window and feature fireplace

Bedroom 2 8' 5" x 6' 1" ( 2.57m x 1.85m )
Has a window

External 
Externally the property at the front offers on-street parking and the rear offers a small courtyard style garden with coal shed.

DIRECTIONS
See Multi-map illustration

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Skegness

01754 802896

Next Steps?

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