2 Bed Semi-Detached House, Planning Permission, Louth, LN11 7AS, £239,995

167 Eastfield Road, Louth, Lincolnshire, LN11 7AS - 10 months ago

Planning
124 m²
+19 photos

ValuationFair Value

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

 

 

Square Metres

124.49 m²
Price/m²£1.9K/m²

Value Estimate

£244,795

 

 

End Value (After Refurb)

£232,100

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£59,999

Stamp Duty & Legal Fees

£8,400

Refurb Costs

£50,467

Bridging Loan Interest

£6,300

Total Cash In

£126,916

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£232,100

Mortgage (After Refinance)

£174,075

Mortgage LTV

75%

Cash Left In

£126,916

Equity

£58,025

Rent Range

£550 - £875

Rent Estimate

£715

Running Costs/mo

£888

Cashflow/mo

£-173

Cashflow/yr

£-2,080

Gross Yield

4%

Local Sold Prices

50 sold prices from £93K to £295K, average is £144.5K. £1.4K/m² to £3.6K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£93K12/200.01 mi149, Eastfield Road, Louth, Lincolnshire LN11 7AS2
£220K03/210.01 mi179, Eastfield Road, Louth, Lincolnshire LN11 7AS2
£123.5K12/230.14 mi59, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£115K04/230.14 mi91, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£110K04/230.14 mi97, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£100K01/210.23 mi1, Thames Street, Louth, Lincolnshire LN11 7AD2
£209K04/230.24 mi32, Elm Drive, Louth, Lincolnshire LN11 0DQ2
£132.5K07/210.25 mi49, Eastfield Road, Louth, Lincolnshire LN11 7AJ2
£210K11/220.27 mi21, Christopher Close, Louth, Lincolnshire LN11 0BT2
£122.5K10/200.27 mi17, Riverhead, Louth, Lincolnshire LN11 0DD2
£94.5K04/210.27 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£150K01/230.27 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£97.5K10/220.3 mi3, Lucern Court, Louth, Lincolnshire LN11 7BA2
£139K05/230.34 mi53, Broadley Crescent, Louth, Lincolnshire LN11 8AN2
£173K01/230.36 mi6, Bishops Close, Louth, Lincolnshire LN11 8BT2
£210K11/210.39 mi1, Lyndon Way, Louth, Lincolnshire LN11 0BH2
£210K03/240.39 mi5, Lyndon Crescent, Louth, Lincolnshire LN11 0BJ2
£126.5K10/230.43 mi20, Commercial Road, Louth, Lincolnshire LN11 7AB2
£130K10/210.45 mi2, Freer Gardens, Louth, Lincolnshire LN11 8AW2
£135K10/230.45 mi3, Freer Gardens, Louth, Lincolnshire LN11 8AW2
£153K03/240.48 mi31, Swallow Drive, Louth, Lincolnshire LN11 0DN2
£146.5K06/230.48 mi41, Swallow Drive, Louth, Lincolnshire LN11 0DN2
£140K02/210.49 mi46, Keddington Road, Louth, Lincolnshire LN11 0AU2
£145K09/210.49 mi34, Keddington Road, Louth, Lincolnshire LN11 0AU2
£115K01/210.49 mi114, St Bernards Avenue, Louth, Lincolnshire LN11 8AT2
£170K03/230.5 mi181, Eastgate, Louth, Lincolnshire LN11 8DB2
£155K06/210.5 mi179, Eastgate, Louth, Lincolnshire LN11 8DB2
£168K04/230.5 mi183, Eastgate, Louth, Lincolnshire LN11 8DB2
£295K06/230.53 mi99, Monks Dyke Road, Louth, Lincolnshire LN11 8DN2
£112.5K12/200.54 mi18, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£120K03/230.54 mi1, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£205K01/240.54 mi61, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£260K04/230.54 mi5, Orchard Close, Louth, Lincolnshire LN11 0BS2
£205K11/220.56 mi26, Station Approach, Louth, Lincolnshire LN11 0PS2
£184K11/200.57 mi68, Fulmar Drive, Louth, Lincolnshire LN11 0ST2
£195K10/220.57 mi20, Station Approach, Louth, Lincolnshire LN11 0PS2
£140K08/230.57 mi44, Fulmar Drive, Louth, Lincolnshire LN11 0ST2
£222K04/210.57 mi5, Station Approach, Louth, Lincolnshire LN11 0PS2
£133K11/200.57 mi27, Station Approach, Louth, Lincolnshire LN11 0PS2
£138K10/200.57 mi19, Station Approach, Louth, Lincolnshire LN11 0PS2
£220K02/210.57 mi11, Station Approach, Louth, Lincolnshire LN11 0PS2
£144K10/210.58 mi2a, Brackenborough Road, Louth, Lincolnshire LN11 0AE2
£158K10/230.58 mi22, Brackenborough Road, Louth, Lincolnshire LN11 0AE2
£117K11/200.58 mi60, Virginia Drive, Louth, Lincolnshire LN11 8BD2
£130K12/200.59 mi16, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£125K04/210.59 mi18, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£130K04/210.59 mi11, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£150K10/200.59 mi22, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£160K04/240.59 mi5, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£150K12/230.6 mi55, Wallis Road, Louth, Lincolnshire LN11 8DS2

Local Rents

11 rents from £550/mo to £875/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£80005/240.26 mi18 Conker Grove Louth LN11 7BY2
£77503/250.29 mi-2
£69505/240.3 miHarveys Lane, Louth. LN11 8BP2
£60012/240.32 miOld School Court, Eastfield Road, Louth2
£55005/240.34 mi3 Waterside Mews Eastgate Louth LN11 8DD2
£87506/240.38 miMonks Dyke Road, Louth2
£62505/240.43 miCommercial Road, Louth2
£85005/240.46 miCherry Way, Louth, LN11 7EY2
£67505/240.61 miPlover Grove, Louth, LN112
£67501/250.61 mi-2
£74512/240.62 mi-2

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.94 miles away

Nearest school

0.40 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

Listed for £239,995

June 28, 2024

Sold for £139,750

2006

Sold for £73,000

2002

Sold for £69,500

2001

Floor Plans

Description

  • Semi-Detached House +
  • Ready To Move In +
  • Close To Town & Amenities +
  • Two Bedrooms +
  • Two Reception Rooms +
  • Modern Three Piece Bathroom +
  • Garage & Off Road Parking +
  • Outbuilding with Plumbing & Electrics +
  • South West Rear Garden +
  • Planning Permission for Single Storey Extension +

It is a pleasure for TES Property to offer for sale this attractive move in ready semi detached house located in the market town of Louth. Internally the property benefits from a stunning kitchen, dining room and living room, two double bedrooms and a modern three piece suite bathroom. The property benefits from well maintained gardens, an outbuilding and the added benefit of off road parking and a detached single garage.
Also has the added bonus of planning permission for a single storey extension.

Internal viewing is advised to truly appreciate all this lovely property has to offer.

Location - Louth - The historic market town of Louth; fondly known as the 'Capital of the Wolds' and beautifully positioned in an Area of Outstanding Natural Beauty is approximately 15 miles from the coast, 16 miles from Grimsby and 30 miles from Lincoln.
It has a wealth of local services and amenities to offer. Popular points of interest include the 'people's park' of Hubbard Hills and Westgate Fields, the last remaining Lincolnshire Cattle Market and the spectacular St James' Church, boasting the tallest medieval parish church spire of approx 287 feet /87.6 m. Other features include Louth Golf Course and Kenwick Park Golf Course, Louth Tennis Centre, London Road Sports Pavilion, Riverhead Theatre, Playhouse Cinema, Louth Museum, Kenwick Park Gym and Spa and Meridian Leisure Centre. As well as excellent local schools including King Edward's VI Grammar School, a doctors surgery and a hospital. Louth is particularly well known for its vast array of independent shops, butchers and delicatessens, thrice weekly markets and the New Market Indoor Hall all offering outstanding local produce as well as three supermarkets; Morrisons, Co-Op and Aldi.

Entrance Hall - Welcoming hall with tiled flooring, a radiator, coving to the ceiling, staircase to the first floor landing and access to the living room and dining room.

Living Room - 3.62m x 3.32 + bay window (11'10" x 10'10" + bay - The focal point of this room is the feature fireplace with wooden mantle, along with the fitted window seat in bay window with wooden window to the front. There are built in storage cupboards and fitted shelving, T.V aerial point, coving to the ceiling, fitted corner unit and a radiator.

Dining Room - 3.33m x 3.96m (max) (10'11" x 12'11" (max)) - Continuation of wooden flooring, two uPVC double glazed windows to the side, feature fireplace with wooden mantle, a useful understair storage cupboard, coving to the ceiling, a radiator and step down into the kitchen with opening to the side.

Kitchen - 3.76m x 3.59m (12'4" x 11'9" ) - Attractive kitchen fitted with a range of painted wall, base and drawer units with oak worksurface over and matching splashbacks. There is a space for an oven and dishwasher, one bowl inset sink unit with mixer tap. space for fridge freezer, tiled flooring, radiator, coving to the ceiling, uPVC double glazed window to the side and rear and door leading out to the rear garden.

Landing - Split level landing with access to the bathroom with further steps leading up to top landing space with access to both bedrooms. There is also access to the boarded loft via hatch and loft ladder.

Bathroom - 1.88m (max) x 3.75m (6'2" (max) x 12'3" ) - Fitted with a modern three piece suite consisting of a wash hand basin with mixer tap, double shower cubicle with rainfall shower head and glass shower screen and a W.C. Tiled flooring, panelling to the walls, built in airing cupboard which houses the hot water cylinder and is fitted with shelving, coving to the ceiling, wall lighting, uPVC double glazed window to the side and a radiator.

Bedroom 1 - 3.35m x 4.93m (10'11" x 16'2" ) - Spacious double bedroom with feature fireplace, two uPVC double glazed windows to the front, coving to the ceiling and a radiator.

Bedroom 2 - 3.19m (max) x 3.32m (10'5" (max) x 10'10" ) - Double bedroom with wooden flooring, uPVC double glazed window to the rear, coving to the ceiling and a radiator.

Garage - 2.93m x 5.51m (9'7" x 18'0" ) - Single garage with up and over door, power, lighting, wooden window to the rear, a door to the side and consumer unit.

Outbuilding - Useful outbuilding which is split into two sections measuring. The first measures 1.05m x 1.69m and has plumbing for a washing machine, power and lighting. The second measures 0.93m x 1.75m and has a fitted W.C and lighting.

Summer House - 2.77m x 4.26m (9'1" x 13'11" ) - Beautiful summer house overlooking the rear garden and provides the perfect work from home space or a peaceful place to relax. There is power and lighting.

Rear Garden - To the rear of the property there is seating area to the side on a block paved patio and access to the outbuilding and garage and a secure gateway to the front. Steps lead down to a lawned area with mature shrubs and bushes to either side adding privacy throughout. The garden features a pond, planters and vegetable garden with wooden fencing to the boundary. There is external lighting and an outside tap. The rear garden is also south west facing.

Front Of The Property - The property is fronted with a driveway and a low maintenance front garden which features slate chippings and a dwarf brick wall to the front with iron railings. A wooden fence currently separates the driveway to the rear garden and garage, however this can easily be removed if necessary., providing direct access to the detached garage and potential further driveway space.

Planning Permission - The vendors have planning permission in place for a single storey extension. Further details can be found using the reference N/105/00119/24 on the East Lindsey District Council Planning Portal.

Services - Mains water, gas, drainage and electricity are understood to be connected. The agents have not tested or inspected the services or service installations and buyers should rely on their own survey.

Tenure - The property is believed to be freehold and we await solicitors confirmation.

Council Tax Band - East Lindsey Council Tax Band B.

Brochure Prepared - June 2024.

Viewings - By prior appointment through TES Property office in Louth admin.

Opening Hours - Monday to Friday 9:00am to 5:00pm
Saturday 9:00am to 1:00pm

Agent Details

TES Property (Lincolnshire) Limited, Louth

01507 304807

Next Steps?

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