2 Bed Terraced House, Single Let, Louth, LN11 7AJ, £154,950

43 Eastfield Road, Louth, LN11 7AJ - 10 months ago

Under Offer
BTL
56 m²
+13 photos

ValuationOvervalued

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

 

 

Square Metres

56.25 m²
Price/m²£2.8K/m²

Value Estimate

£132,069

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£38,738

Stamp Duty & Legal Fees

£5,999

Total Cash In

£44,736

 

 

Cash Out

 

Rent Range

£550 - £875

Rent Estimate

£554

Running Costs/mo

£615

Cashflow/mo

£-61

Cashflow/yr

£-732

Gross Yield

4%

Local Sold Prices

50 sold prices from £93K to £295K, average is £148.3K. £1.4K/m² to £3.6K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£123.5K12/230.06 mi59, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£115K04/230.06 mi91, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£110K04/230.06 mi97, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£132.5K07/210.06 mi49, Eastfield Road, Louth, Lincolnshire LN11 7AJ2
£100K01/210.06 mi1, Thames Street, Louth, Lincolnshire LN11 7AD2
£150K01/230.11 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£97.5K10/220.11 mi3, Lucern Court, Louth, Lincolnshire LN11 7BA2
£122.5K10/200.12 mi17, Riverhead, Louth, Lincolnshire LN11 0DD2
£94.5K04/210.12 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£93K12/200.2 mi149, Eastfield Road, Louth, Lincolnshire LN11 7AS2
£220K03/210.2 mi179, Eastfield Road, Louth, Lincolnshire LN11 7AS2
£126.5K10/230.24 mi20, Commercial Road, Louth, Lincolnshire LN11 7AB2
£140K10/200.24 mi32, Elm Drive, Louth, Lincolnshire LN11 0DQ2
£209K04/230.24 mi32, Elm Drive, Louth, Lincolnshire LN11 0DQ2
£210K11/220.25 mi21, Christopher Close, Louth, Lincolnshire LN11 0BT2
£139K05/230.25 mi53, Broadley Crescent, Louth, Lincolnshire LN11 8AN2
£170K03/230.31 mi181, Eastgate, Louth, Lincolnshire LN11 8DB2
£155K06/210.31 mi179, Eastgate, Louth, Lincolnshire LN11 8DB2
£168K04/230.31 mi183, Eastgate, Louth, Lincolnshire LN11 8DB2
£173K01/230.35 mi6, Bishops Close, Louth, Lincolnshire LN11 8BT2
£140K02/210.35 mi46, Keddington Road, Louth, Lincolnshire LN11 0AU2
£145K09/210.35 mi34, Keddington Road, Louth, Lincolnshire LN11 0AU2
£112.5K12/200.36 mi18, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£120K03/230.36 mi1, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£205K01/240.36 mi61, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£295K06/230.37 mi99, Monks Dyke Road, Louth, Lincolnshire LN11 8DN2
£205K11/220.38 mi26, Station Approach, Louth, Lincolnshire LN11 0PS2
£210K11/210.38 mi1, Lyndon Way, Louth, Lincolnshire LN11 0BH2
£260K04/230.38 mi5, Orchard Close, Louth, Lincolnshire LN11 0BS2
£195K10/220.39 mi20, Station Approach, Louth, Lincolnshire LN11 0PS2
£130K10/210.39 mi2, Freer Gardens, Louth, Lincolnshire LN11 8AW2
£135K10/230.39 mi3, Freer Gardens, Louth, Lincolnshire LN11 8AW2
£222K04/210.39 mi5, Station Approach, Louth, Lincolnshire LN11 0PS2
£133K11/200.39 mi27, Station Approach, Louth, Lincolnshire LN11 0PS2
£138K10/200.39 mi19, Station Approach, Louth, Lincolnshire LN11 0PS2
£220K02/210.39 mi11, Station Approach, Louth, Lincolnshire LN11 0PS2
£115K01/210.4 mi114, St Bernards Avenue, Louth, Lincolnshire LN11 8AT2
£210K03/240.4 mi5, Lyndon Crescent, Louth, Lincolnshire LN11 0BJ2
£153K03/240.42 mi31, Swallow Drive, Louth, Lincolnshire LN11 0DN2
£146.5K06/230.42 mi41, Swallow Drive, Louth, Lincolnshire LN11 0DN2
£130K12/200.43 mi16, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£125K04/210.43 mi18, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£130K04/210.43 mi11, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£150K10/200.43 mi22, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£160K04/240.43 mi5, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£205K12/230.43 mi28, Priory Close, Louth, Lincolnshire LN11 9AS2
£185K07/230.43 mi12, Priory Close, Louth, Lincolnshire LN11 9AS2
£180K03/210.43 mi42, Priory Close, Louth, Lincolnshire LN11 9AS2
£153K05/210.43 mi56, Priory Close, Louth, Lincolnshire LN11 9AS2
£170K04/230.43 mi10, Priory Close, Louth, Lincolnshire LN11 9AS2

Local Rents

20 rents from £550/mo to £875/mo, average is £638/mo.

RentDateDistanceAddressBeds 
£60012/240.13 miOld School Court, Eastfield Road, Louth2
£55005/240.15 mi3 Waterside Mews Eastgate Louth LN11 8DD2
£62505/240.24 miCommercial Road, Louth2
£69505/240.26 miHarveys Lane, Louth. LN11 8BP2
£80005/240.3 mi18 Conker Grove Louth LN11 7BY2
£87506/240.32 miMonks Dyke Road, Louth2
£77503/250.36 mi-2
£65006/240.44 miParsons Halt, Louth2
£62506/240.46 mi7 Newbridge Court Newbridge Hill Louth LN11 0NQ2
£55004/240.47 mi-2
£62505/240.48 miRamsgate Louth LN11 0NE2
£59505/240.48 miBridge View, Ramsgate, Louth. LN11 0NE2
£65005/240.49 miPriory Road, Louth2
£60003/250.49 mi-2
£67505/240.52 miPlover Grove, Louth, LN112
£67501/250.52 mi-2
£74512/240.53 mi-2
£55006/240.54 miLeakes Row, Louth2
£56512/240.56 miJames Street, Louth2
£65012/240.57 mi-2

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.76 miles away

Nearest school

0.30 miles away

Nearest train station

13.26 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 £154,950

December 26, 2024

Listed for £159,950

June 27, 2024

Floor Plans

Description

  • Freshly refurbished 2 bed terraced house +
  • No onward chain +
  • Large rear garden +
  • Superb large brick built workshop to rear +
  • 2 bedrooms +
  • Kitchen diner, lounge and bathroom +
  • Courtyard to front with potential to create off street parking +
  • Gas central heating and Upvc windows and doors +
  • Virtual tour available +

A charming mid terrace home positioned in a popular residential area of Louth. Having undergone refurbishment, the property offers spacious two bedroom accommodation with lounge, hall, kitchen diner and bathroom. The rear garden is very generous in size ideal for families with the superb benefit of a large brick built workshop to the rear ideal for a variety of uses. The front provides a small garden which has potential to create off road parking. A great opportunity for first time buyers and investors alike with uPVC windows and gas central heating. 

Directions Travel east, away from the centre of Louth along Eastgate, carrying straight over two mini roundabouts. Continue along the road where it will eventually turn into Eastfield Road, then continue a further short distance passing the fire station on the right hand side and the property will then be very shortly found on the left hand side.  

The Property A charming Period terraced cottage having painted rendered facing walls with pitched timber roof construction covered in concrete interlocking tiles. The property has undergone a recent refurbishment, having been completely redecorated with some new floor coverings and benefits from having modern uPVC doors and windows with a Worcester gas-fired central heating boiler which is serviced on a regular basis. The property benefits from a surprisingly large garden with a superb brick-built workshop of a very large size towards the rear boundary, creating endless possibilities for its use, while at the front, there is scope for the front garden to be used for off street parking, subject to dropping the roadside kerb.  

Accommodation (Approximate room dimensions are shown on the floor plans which are indicative of the room layout and not to specific scale) 

Lounge Having part-glazed uPVC entrance door into the spacious reception room with fireplace to side with electric inset fire. Attractively decorated with newly fitted oak-effect laminate flooring, large bow window to front with a cupboard to corner housing the electric meter and up-to-date electric consumer unit.  

Central Hall With six-panel doors to bathroom and cupboard with tiled floor, with the understairs storage cupboard also tiled and providing useful storage space.  

Kitchen Diner Having a good range of base and wall units having Shaker style cream doors with roll-top laminated work surfaces with matching upstands. Single bowl stainless steel sink, space and power provided for electric cooker and space and plumbing for washing machine. Ample space to side for dining table and tiled floor with staircase leading to first floor. Window and door giving access to the rear garden.  

Ground Floor Bathroom Having panelled bath with Triton electric shower unit above, wash hand basin and low-level WC. Fully tiled walls and floor with extractor fan to ceiling.  

First Floor Landing Having carpeted stairs and handrail to side. 

Bedroom 1 A large double bedroom situated at the front with large window and carpeted floor. Good range of built-in cupboards to side housing the hot water cylinder with shelving provided for laundry and timer controls for heating. To the corner of the room is the Worcester gas-fired boiler.  

Bedroom 2 A good size single bedroom at the rear with window overlooking the garden, carpeted floor and loft hatch to roof space.  

Outside To the front of the property is a spacious concrete yard with raised planted border to side and brick and fenced boundaries with the space lending itself to conversion for off-road parking, subject to any necessary consents.  

Rear Garden A very large garden having concrete yard adjacent the property. Exterior lighting, opening to the extensive lawned garden with paved pathway leading to the rear. Brick wall division to the centre leading down to the rear patio, having fenced boundaries to both sides with steps down to further patio giving access to the workshop at the rear, with the garden being generally very large and ideal for families and pets. 

Workshop A superb addition to the property, being of brick and blockwork construction with pitched corrugated roof, timber entrance door and uPVC window to front. Painted concrete floor within, having light and power provided with painted blockwork walls. Timber-framed division to one corner making for an ideal storage space, with the building lending itself to a variety of purposes including workshop, gym, art studio, homeworking space, man cave or could be converted into a superb summer house by opening up of the front aspect to create a large garden room and barbecue area, etc.  

Location Louth is positioned on the eastern fringes of the Lincolnshire Wolds with easy access by car or on foot across the rolling hills. There are popular, busy markets three times each week and many local seasonal and specialist events take place throughout the year.

The town has a fine choice of cafes, restaurants, wine bars and pubs with a current trend towards a continental style, street café environment.

There are highly regarded primary schools and academies including the King Edward VI Grammar The Meridian Sports and Swimming Complex has been built in recent years complementing the London Road Sports Grounds and Hall, a tennis academy, bowls, football club, golf club and the Kenwick Park Leisure Centre also with swimming pool, golf course and an equestrian centre.

Louth has a thriving theatre, a cinema and attractive parks on the west side of town in Hubbard's Hills and Westgate Fields. The coast is about 10 miles away from Louth at its nearest point and the area around Louth has many fine country walks and bridleways. Grimsby is approximately 16 miles to the north whilst Lincoln is some 25 miles to the south-west. 

Viewing Strictly by prior appointment through the selling agent.  

General Information The particulars of this property are intended to give a fair and substantially correct overall description for the guidance of intending purchasers. No responsibility is to be assumed for individual items. No appliances have been tested. Fixtures, fittings, carpets and curtains are excluded unless otherwise stated. Plans/Maps are not to specific scale, are based on information supplied and subject to verification by a solicitor at sale stage. We are advised that the property is connected to mains gas electricity, water and drainage but no utility searches have been carried out to confirm at this stage. The property is in Council Tax band A.

Agent Details

Masons Sales, Louth

01507 308524

Next Steps?

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