4 Bed Detached House, Cash/Bridging Only, Louth, LN11 8FT, £374,000

2 Forsythia Avenue, Louth, LN11 8FT - 10 months ago

Cash
127 m²
+39 photos

ValuationOvervalued

Sold Prices£118K - £465K
Sold Prices/m²£1.1K/m² - £5.3K/m²

 

 

Square Metres

127 m²
Price/m²£2.9K/m²

Value Estimate

£305,952

 

 

End Value (After Refurb)

£315,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,500

Stamp Duty & Legal Fees

£19,260

Refurb Costs

£51,485

Bridging Loan Interest

£9,818

Total Cash In

£175,812

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£315,000

Mortgage (After Refinance)

£236,250

Mortgage LTV

75%

Cash Left In

£175,812

Equity

£78,750

Rent Range

£750 - £1,400

Rent Estimate

£893

Running Costs/mo

£1,183

Cashflow/mo

£-290

Cashflow/yr

£-3,480

Gross Yield

3%

Local Sold Prices

27 sold prices from £118K to £465K, average is £305K. £1.1K/m² to £5.3K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£217K11/200.17 mi11, Stutte Close, Louth, Lincolnshire LN11 8YN4
£315K02/210.17 mi6, Stutte Close, Louth, Lincolnshire LN11 8YN4
£255K03/210.17 mi6, Blanchard Road, Louth, Lincolnshire LN11 8YH4
£305K11/210.21 mi28, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£320K11/230.21 mi3, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£415K11/220.21 mi64, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£350K10/230.22 mi7, Langley Close, Louth, Lincolnshire LN11 8YP4
£245K03/210.27 mi9, Kenwick Close, Louth, Lincolnshire LN11 8EP4
£241K05/210.27 mi12, Kenwick Close, Louth, Lincolnshire LN11 8EP4
£445K09/230.31 mi6, Beck Way, Louth, Lincolnshire LN11 8XH4
£257K06/230.34 mi14, Florence Wright Avenue, Louth, Lincolnshire LN11 8EJ4
£250K10/220.35 mi9, Alder Close, Louth, Lincolnshire LN11 8XB4
£395K06/210.36 mi50, Kenwick Road, Louth, Lincolnshire LN11 8EG4
£260K12/200.36 mi36, Kenwick Road, Louth, Lincolnshire LN11 8EG4
£335K11/230.39 mi1, Mayfield Crescent, Louth, Lincolnshire LN11 8EQ4
£315K12/200.39 mi1a, Mayfield Crescent, Louth, Lincolnshire LN11 8EQ4
£465K10/220.39 mi4, Kenwick Pastures, Louth, Lincolnshire LN11 8EE4
£454.9K05/210.46 miSouthfield House, Legbourne Road, Louth, Lincolnshire LN11 8LQ4
£252.5K09/230.59 mi3, Spire View Road, Louth, Lincolnshire LN11 8SL4
£160.5K03/210.63 mi43, Watts Lane, Louth, Lincolnshire LN11 9DG4
£302K02/210.67 mi20, Pippin Close, Louth, Lincolnshire LN11 9FF4
£375K06/230.7 mi13, Robinson Lane, Louth, Lincolnshire LN11 9FB4
£118K10/200.75 mi123, Church Street, Louth, Lincolnshire LN11 9DE4
£385K04/230.77 mi35, Linden Walk, Louth, Lincolnshire LN11 9HT4
£245K10/210.8 mi84, Newmarket, Louth, Lincolnshire LN11 9EQ4
£392.5K03/210.98 mi13, St James View, Louth, Lincolnshire LN11 9XY4
£290K09/211 mi3, Quarryside, Louth, Lincolnshire LN11 9JE4

Local Rents

19 rents from £750/mo to £1.4K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£90012/240.04 mi-3
£92505/240.04 miLavender Way, Louth3
£85005/240.07 miBuddlela Drive, Alexander Park, Louth3
£92512/240.32 miPasture Drive, Louth3
£85005/240.63 miSeymour Avenue, Louth3
£1,40006/240.77 miLinden Walk, Louth, LN115
£85006/240.85 miBroadley Crescent, Louth, LN113
£85005/240.85 mi-3
£75005/240.93 miPriory Road, Louth3
£75005/240.99 miSt. Bernards Avenue, Louth3
£75006/240.99 miSt. Bernards Avenue, Louth3
£1,20006/241.02 miAcorn Avenue, Louth, LN114
£87505/241.05 miOld Chapel Mews, Louth, LN113
£75005/241.06 miRamsgate, Louth3
£1,10005/241.16 miHorncastle Road, Louth3
£85005/241.18 miGospelgate, Louth3
£79505/241.18 miGospelgate, Louth3
£75005/241.19 miNichol Hill, Louth, LN113
£85005/241.21 miLouth Park Farms, Keddington, Louth. LN11 7HL3

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

1.27 miles away

Nearest school

0.50 miles away

Nearest train station

14.35 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 £374,000

January 8, 2025

Listed for £382,000

June 3, 2024

Floor Plans

Description

  • Stunning Bespoke Home +
  • Modern Kitchen/Dining room +
  • Spacious and abundantly light reception room +
  • Sun room overlooking the garden +
  • Four bedrooms (Master with en-suite) +
  • Driveway & Garage +
  • Generously sized garden +
  • Immaculate throughout +
  • Viewing highly advised +
  • Sought after location +

Welcome to 2 Forsythia Avenue, a stunning property located off Lavender Way in the charming town of Louth. This detached house boasts four bedrooms and two bathrooms, perfect for a growing family or those who love to entertain guests. Presented to a high specification, this property exudes elegance and modernity. Situated on a new development, you can enjoy the benefits of contemporary living in a vibrant community. The spacious rooms throughout the house provide ample space for all your needs.
One of the highlights of this property is the generously sized garden, offering a tranquil retreat where you can unwind after a long day or host summer barbecues with friends and family. Don't miss out on the opportunity to make this house your home. Contact us today to arrange a viewing and step into a world of comfort and style at Forsythia Avenue.

Hallway - 5.05m x 1.04m (16'7" x 3'5") - Staircase to the first floor with under stairs storage cupboard, wall mounted alarm system and thermostat controls.

Reception Room - 6.21m x 3.48m (20'4" x 11'5") - With dual aspect windows including Box window to the side aspect, spacious and abundantly light throughout, TV Aerial point, telephone point, French double opening patio doors leading out onto the attractive rear garden.

Kitchen/Diner - 6.21m x 3.26m (20'4" x 10'8") - Fitted with a range of modern wall and base units with marble effect worksurfaces over, one and a half bowl resin sink unit with drainer and stainless steel mixer tap, integral 'Neff' double cooker, four ring gas hob with featured stainless steel extractor hood over, space for free standing fridge/freezer, integrated dishwasher, ample space for a dining table, inset spot lighting to the ceiling, pedestrian door to the side aspect, tiled flooring, door to:-

Utility Room - 1.06m x 2.01m (3'6" x 6'7") - Fitted with worktops and built in cupboard housing the wall mounted 'Ideal' combination boiler, plumbing for a washing machine, space for a tumble dryer.

Sun Room - 3.66m x 3.26m (12'0" x 10'8") - With dual aspect windows over looking the garden, solid roof, tiled flooring, French double opening patio doors to the side aspect.

Wc - 1.94m x 0.87m (6'4" x 2'10") - Fitted with a modern two piece suite comprising dual flush w.c., pedestal wash hand basin with mixer tap, tiled flooring and splash backs.

Landing - 0.85m x 6.56m (2'9" x 21'6") - With loft access - Partly boarded, built in storage cupboard housing the hot water cylinder.

Bedroom 1 - 3.20m x 3.51m (10'6" x 11'6") - Remarkably spacious main bedroom overlooking views of the garden, built in wardrobes with sliding glass panel frontage, door to:-

En-Suite Shower Room - 1.65m x 1.87m (5'5" x 6'2") - Fitted with a modern three piece suite comprising corner shower cubicle with mains shower over, pedestal wash hand basin with mixer tap, dual flush w.c., party tiled walls, chrome heated towel rail, inset spot lights to the ceiling.

Bedroom 2 - 3.20m x 3.26m (10'6" x 10'8") - Spacious double bedroom overlooking views of the garden.

Bedroom 3 - 2.87m x 2.29m (9'5" x 7'6") - Double bedroom with views to the front aspect.

Bedroom 4/Dressing Room - 1.92m x 3.62m (6'4" x 11'11") - Spacious single bedroom or ideal dressing room/office, built in wardrobes with sliding glass panel frontage with views to the front aspect.

Bathroom - 1.92m x 2.21m (6'4" x 7'3") - Fitted with a stylish three piece suite comprising panelled bath with mixer tap and mains shower over, pedestal wash hand basin with mixer taps, dual flush w.c., partly tiled walls, chrome heated towel rail.

Driveway - Blocked paved driveway providing off road parking with extra parking to the front of the property.

Garage - 5.49m'' x 2.77m'' (18'0'' x 9'01'') - With up and over door, power and lighting and providing plenty of storage.

Garden - To the rear of the property you will find a generously sized and privately enclosed garden with timber fencing to the boundaries. The garden is neatly laid to lawn and features a spacious paved patio seating area which is ideal for outdoor entertaining with friends and family or simple relaxing in the sunshine. The fencing is surrounded with featured lighting and there is a timber gates to either side of the property providing access to the front garden and garage. A useful timber shed is also included in the sale.

Tenure - Freehold.

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 regulation we will ask you to provide us with formal photographic ID by way of either a passport or driving licence. 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 - By appointment through Choice Properties 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.

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 D.

Agent Details

Choice Properties, Louth

01507 308529

Next Steps?

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