3 Bed Detached House, Cash/Bridging Only, Louth, LN11 7PL, £239,950

Keeling Street, North Somercotes, Louth, LN11 7PL - 10 months ago

Cash
~104 m²
+23 photos

ValuationFair Value

Sold Prices£128K - £450K
Sold Prices/m²£1.8K/m² - £3.9K/m²

 

 

Square Metres

~104.20 m²
Price/m²£2.3K/m²

Value Estimate

£239,950

 

 

End Value (After Refurb)

£225,309

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£59,988

Stamp Duty & Legal Fees

£15,497

Refurb Costs

£42,242

Bridging Loan Interest

£6,299

Total Cash In

£125,775

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£225,309

Mortgage (After Refinance)

£168,982

Mortgage LTV

75%

Cash Left In

£125,775

Equity

£56,327

Rent Range

£550 - £1,500

Rent Estimate

£752

Running Costs/mo

£874

Cashflow/mo

£-122

Cashflow/yr

£-1,470

Gross Yield

4%

Local Sold Prices

23 sold prices from £128K to £450K, average is £275K. £1.8K/m² to £3.9K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£195K11/220.14 miAloha, Keeling Street, North Somercotes, Louth, Lincolnshire LN11 7PR3
£260K09/210.24 mi37, Woolpack Meadows, North Somercotes, Louth, Lincolnshire LN11 7QG3
£210K06/230.24 mi32, Woolpack Meadows, North Somercotes, Louth, Lincolnshire LN11 7QG3
£182K02/210.24 miThe Old Mill, Willerton Road, North Somercotes, Louth, Lincolnshire LN11 7NH3
£195K12/220.26 mi19, Evison Way, North Somercotes, Louth, Lincolnshire LN11 7PE3
£365K12/220.28 miSomers, Somerfield Drive, North Somercotes, Louth, Lincolnshire LN11 7GA3
£278K03/230.31 miMayfair, Jubilee Road, North Somercotes, Louth, Lincolnshire LN11 7LH3
£210K07/230.31 mi2, Jubilee Road, North Somercotes, Louth, Lincolnshire LN11 7LH3
£230K04/230.31 mi8, Jubilee Road, North Somercotes, Louth, Lincolnshire LN11 7LH3
£450K03/230.49 miShelton House, Wembley Road, North Somercotes, Louth, Lincolnshire LN11 7NP3
£350K07/230.68 miThe Gables, Bank End, North Somercotes, Louth, Lincolnshire LN11 7LN3
£270K01/210.68 miBracken Wood, Bank End, North Somercotes, Louth, Lincolnshire LN11 7LN3
£420K02/241.41 miWillow Holt, Marsh Lane, North Somercotes, Louth, Lincolnshire LN11 7PD3
£281K01/241.96 miPeartree Cottage, Louth Road, South Somercotes, Louth, Lincolnshire LN11 7BW3
£306.5K12/221.96 miSpring Cottage, Louth Road, South Somercotes, Louth, Lincolnshire LN11 7BW3
£220K02/232.37 miRedcote, Warren Road, Saltfleet, Louth, Lincolnshire LN11 7RU3
£275K02/232.37 mi1, Whyalla Close, Grainthorpe, Louth, Lincolnshire LN11 7JQ3
£128K02/212.38 mi16, Chapel Lane, Grainthorpe, Louth, Lincolnshire LN11 7HZ3
£255K02/232.41 mi5, Stapes Garth, Grainthorpe, Louth, Lincolnshire LN11 7FD3
£350K07/232.59 miMorning Light, Main Road, Saltfleet, Louth, Lincolnshire LN11 7RN3
£330K10/212.65 miCharis, Wragholme Road, Grainthorpe, Louth, Lincolnshire LN11 7JD3
£292.5K04/212.66 miSea View House, The Hill, Saltfleet, Louth, Lincolnshire LN11 7RJ3
£400K11/232.86 miConifer Drive, Main Road, Saltfleet, Louth, Lincolnshire LN11 7SB3

Local Rents

7 rents from £550/mo to £1.5K/mo, average is £595/mo.

RentDateDistanceAddressBeds 
£55003/250.14 mi-2
£55003/250.14 mi-2
£59512/240.19 mi-2
£59510/240.19 mi-2
£75003/240.26 mi-3
£72512/242.33 mi-2
£1,50005/242.33 miElland Way, Poors End, Grainthorpe3

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

7.89 miles away

Nearest school

0.10 miles away

Nearest train station

10.54 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 £239,950

March 12, 2025

Listed for £250,000

June 27, 2024

Floor Plans

Description

  • Detached house +
  • Three bedrooms +
  • Reception room +
  • Kitchen +
  • Dining room +
  • Conservatory +
  • Bathroom +
  • Driveway +
  • Garden +
  • Outbuilding +

Choice Properties are delighted to bring to the market this spacious three bedroom detached house with a large conservatory and privately enclosed gardens. This fantastic property offers a new owner a blank canvas to add their own stamp and early viewing is recommended.

Entrance Hall - 1.92m x 3.51m (6'4" x 11'6") - Entrance via uPVC front entrance door, staircase to the first floor with under stairs storage cupboard, laminate flooring.

Reception Room - 3.67m x 3.12m (12'0" x 10'3") - With log burning stove set into featured bricked surround with wooden mantle, TV Aerial point, sliding doors opening into the conservatory.

Kitchen - 1.92m x 2.82m (6'4" x 9'3") - Fitted with a range of wall and base units with worktops over, one bowl stainless steel sink unit with drainer and mixer tap, four ring gas hob with extractor fan over, integral electric oven, space for under counter fridge/freezer, plumbing for a washing machine and dishwasher, partly tiled walls.

Dining Room - 3.67m x 4.16m (12'0" x 13'8") - Open plan to reception room, ample space for a dining table, built in double storage cupboard, telephone point, TV Aerial point.

Conservatory - 2.79m x 6.99m (9'2" x 22'11") - Triple aspect windows, polycarbonate roof, laminate flooring, French double opening doors opening onto the garden.

Landing - 1.98m x 2.29m (6'6" x 7'6") - Doors to bedrooms and bathroom.

Bedroom 1 - 3.61m x 4.13m (11'10" x 13'7") - Remarkable spacious double bedroom, built in wardrobes- one housing the hot water cylinder, loft access.

Bedroom 2 - 3.61m x 3.15m (11'10" x 10'4") - Spacious double bedroom.

Bedroom 3 - 1.98m x 2.86m (6'6" x 9'5") - Single bedroom/Ideal office space.

Bathroom - 1.98m x 2.03m (6'6" x 6'8") - Fitted with a three piece suite comprising panelled bath with single taps and electric 'Triton' shower over, pedestal wash hand basin with single taps, dual flush w.c., partly tiled walls.

Wc - 1.92m x 0.85m (6'4" x 2'9") - W.c., partly tiled walls.

Driveway - Paved driveway providing off road parking with bricked outbuilding to the side.

Garden - To the rear of the property you will find a spacious and privately enclosed garden with hedging and fencing to the boundaries. The garden is mainly laid to lawn and features and abundance of established plants, trees and shrubbery throughout. There is a paved patio seating area which is perfect for soaking up the sunshine. Two timber sheds and a Greenhouse are also included in the sale.

Tenure - Freehold.

Council Tax Band - Local Authority - East Lindsey District Council,
Tedder Hall,
Manby Park,
Louth,
LN11 8UP
Tel. No.
Website:

Council Tax Band - According to the Valuation Office Agency Website the property is currently in Council Tax Band B.

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.

Agent Details

Choice Properties, Louth

01507 308529

Next Steps?

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