3 Bed Terraced House, Single Let, Louth, LN11 8FN, £210,000

Lavender Way, Louth, LN11 8FN - 9 months ago

Sold STC
BTL
~93 m²
+10 photos

ValuationFair Value

Sold Prices£120K - £335K
Sold Prices/m²£1.5K/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Value Estimate

£206,667

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£8,400

Total Cash In

£60,900

 

 

Cash Out

 

Rent Range

£750 - £1,100

Rent Estimate

£750

Running Costs/mo

£826

Cashflow/mo

£-76

Cashflow/yr

£-915

Gross Yield

4%

Local Sold Prices

50 sold prices from £120K to £335K, average is £187.8K. £1.5K/m² to £3.4K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£270K03/230.13 mi12, Stutte Close, Louth, Lincolnshire LN11 8YN3
£160K06/210.14 mi43, Legbourne Road, Louth, Lincolnshire LN11 8ES3
£232K08/210.14 mi39, Legbourne Road, Louth, Lincolnshire LN11 8ES3
£250K10/220.16 mi20, Eresbie Road, Louth, Lincolnshire LN11 8YG3
£265K11/230.18 mi8, Legbourne Road, Louth, Lincolnshire LN11 8ER3
£165K10/200.21 mi19, Southlands Avenue, Louth, Lincolnshire LN11 8EW3
£219.9K11/220.21 mi24, Southlands Avenue, Louth, Lincolnshire LN11 8EW3
£255K12/200.27 mi3, Beck Way, Louth, Lincolnshire LN11 8XH3
£230K12/220.27 mi77, Kenwick Road, Louth, Lincolnshire LN11 8EL3
£225K05/230.28 mi73, Kenwick Road, Louth, Lincolnshire LN11 8EL3
£190K02/240.28 mi63, Kenwick Road, Louth, Lincolnshire LN11 8EL3
£228.5K01/210.28 mi89, Kenwick Road, Louth, Lincolnshire LN11 8EL3
£187K05/230.3 mi5, Florence Wright Avenue, Louth, Lincolnshire LN11 8EJ3
£180K04/230.3 mi1, Alder Close, Louth, Lincolnshire LN11 8XB3
£187K03/230.31 mi17, Kenwick Road, Louth, Lincolnshire LN11 8EH3
£210K10/230.34 mi6, Oak Close, Louth, Lincolnshire LN11 8SQ3
£239K10/210.38 mi1, Laburnum Crescent, Louth, Lincolnshire LN11 8SG3
£244K06/230.4 mi3a, Stewton Lane, Louth, Lincolnshire LN11 8RZ3
£188.5K06/210.4 mi15, Hazel Grove, Louth, Lincolnshire LN11 8RU3
£168K05/210.41 mi7, Sycamore Drive, Louth, Lincolnshire LN11 8RT3
£148.5K02/210.41 mi8, Sycamore Drive, Louth, Lincolnshire LN11 8RT3
£255K04/210.41 mi32, Wood Lane, Louth, Lincolnshire LN11 8SA3
£185K06/230.44 mi8, Queens Court, Louth, Lincolnshire LN11 8RR3
£260K01/210.5 mi1, Burton Court, Louth, Lincolnshire LN11 8RJ3
£155K11/200.52 mi40, Alexander Drive, Louth, Lincolnshire LN11 8QG3
£145K06/210.52 mi32, Alexander Drive, Louth, Lincolnshire LN11 8QG3
£153K04/210.52 mi42, Alexander Drive, Louth, Lincolnshire LN11 8QG3
£165K07/230.52 mi28, Alexander Drive, Louth, Lincolnshire LN11 8QG3
£150K06/230.52 mi32, Alexander Drive, Louth, Lincolnshire LN11 8QG3
£160K04/230.52 mi38, Alexander Drive, Louth, Lincolnshire LN11 8QG3
£216K02/240.54 mi5, Spire View Road, Louth, Lincolnshire LN11 8SL3
£150K05/210.54 mi52, Spire View Road, Louth, Lincolnshire LN11 8SL3
£160K12/200.55 mi61, Spire View Road, Louth, Lincolnshire LN11 8SL3
£219.9K03/210.57 mi33, Seymour Avenue, Louth, Lincolnshire LN11 9EW3
£155K04/230.58 mi18, Virginia Drive, Louth, Lincolnshire LN11 8BD3
£133K12/200.58 mi18, Virginia Drive, Louth, Lincolnshire LN11 8BD3
£150K03/230.58 mi72, Mount Pleasant Avenue, Louth, Lincolnshire LN11 9DJ3
£189.9K10/220.58 mi13, Southfield Drive, Louth, Lincolnshire LN11 9ED3
£169.5K02/210.58 mi13, Southfield Drive, Louth, Lincolnshire LN11 9ED3
£230K12/200.58 mi12, Southfield Drive, Louth, Lincolnshire LN11 9ED3
£120K12/200.58 mi9, The Link, Louth, Lincolnshire LN11 8BA3
£160K05/230.58 mi49, Watts Lane, Louth, Lincolnshire LN11 9DG3
£180K02/230.62 mi55, Mount Pleasant Avenue, Louth, Lincolnshire LN11 9DH3
£150K11/210.62 mi15, Adrian Close, Louth, Lincolnshire LN11 9EP3
£225K04/210.63 mi11, Pippin Close, Louth, Lincolnshire LN11 9FF3
£335K12/220.64 mi4, Pippin Close, Louth, Lincolnshire LN11 9FF3
£195K12/220.67 mi100, St Bernards Avenue, Louth, Lincolnshire LN11 8AT3
£143K03/210.7 mi31, Freer Gardens, Louth, Lincolnshire LN11 8AW3
£227K03/210.71 mi35, Mount Pleasant, Louth, Lincolnshire LN11 9DW3
£240K11/200.74 mi103, Monks Dyke Road, Louth, Lincolnshire LN11 8DN3

Local Rents

17 rents from £750/mo to £1.1K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£92505/240.02 miLavender Way, Louth3
£90012/240.03 mi-3
£85005/240.04 miBuddlela Drive, Alexander Park, Louth3
£92512/240.28 miPasture Drive, Louth3
£85005/240.59 miSeymour Avenue, Louth3
£85006/240.82 miBroadley Crescent, Louth, LN113
£85005/240.82 mi-3
£75005/240.89 miPriory Road, Louth3
£75005/240.96 miSt. Bernards Avenue, Louth3
£75006/240.96 miSt. Bernards Avenue, Louth3
£75005/241.01 miRamsgate, Louth3
£87505/241.01 miOld Chapel Mews, Louth, LN113
£1,10005/241.12 miHorncastle Road, Louth3
£85005/241.14 miGospelgate, Louth3
£79505/241.14 miGospelgate, Louth3
£75005/241.15 miNichol Hill, Louth, LN113
£85005/241.2 miLouth Park Farms, Keddington, Louth. LN11 7HL3

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

1.23 miles away

Nearest school

0.50 miles away

Nearest train station

14.32 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 £210,000

January 31, 2025

Price changed to £220,000

January 11, 2025

Price changed to £230,000

December 5, 2024

Listed for £240,000

July 17, 2024

Floor Plans

Description

  • New Build +
  • Modern Kitchen +
  • Master With Ensuite +
  • 3 Spacious Bedrooms +
  • Modern Family Bathroom +
  • Private Rear Garden +
  • Garage And Driveway Parking +

The Property
Welcome to this stunning modern new build three-bedroom end terrace home located in the desirable area of LN11 8FN. Ideal for families, first-time buyers, or investors, this contemporary property offers the perfect blend of style, comfort, and convenience.

As you step into the property, you are greeted by a spacious and bright entrance hall. The living room featuring large windows that allow natural light to flood the space, creating a warm and inviting atmosphere. The neutral décor provides a blank canvas for you to add your personal touch.

The high specification kitchen is a true highlight of this property. Fitted with high-quality appliances and modern units, it offers ample storage and counter space, making meal preparation a pleasure. The kitchen seamlessly flows into the dining area, providing an ideal setting for family meals and entertaining guests. French doors open onto the garden, allowing for easy indoor-outdoor living and al fresco dining during the warmer months.

Downstairs also features a handy WC for convenience.

Upstairs, the property boasts three generously sized bedrooms. The master bedroom is a luxurious retreat, featuring an ensuite bathroom. The second and third bedrooms are also well-proportioned, perfect for children, guests, or a home office. The modern family bathroom is equipped with contemporary fixtures and fittings, offering a stylish and comfortable space for your daily routines.

Outside, The property features a larger than average beautifully landscaped easy maintenance garden and patio area, perfect for outdoor activities and relaxation. There is an above ground pond enclosed in wooden sleepers, outside water tap and electrical socket. The property also benefits from large single garage, electric and lighting installed.

The property offers a large driveway, offering secure convenient off-road parking.

The property benefits from central heating with separate controls for upstairs and downstairs maximising comfort.

Location
Alexander Park is situated off Legbourne Road on the eastern edge of Louth, the capital of the Lincolnshire Wolds. Louth is some 28 miles from Lincoln and is 16 miles south of Grimsby.

Historic Louth stretches from traces of the Stone Age, through to important Bronze Age, Roman, Saxon and Medieval remains. The remains of the monestary, founded by Bishop Alexander, can still be found on the outskirks of the town and the centre is one of the best preseved Georgian market places in the country.

Alfred Lord Tennyson and Captain John Smith were both educated in the town.

Louth is also home to Hubbard's Hills a unique parkland to the west of the town. The Lincolnshire Wolds Area of Outstanding Natural Beauty borders the western fringe of Louth and to the east are the Lincolnshire Marshes with miles of open sandy beaches and creeks.

Louth offers a superb range of High Street and individual shopping, some excellent schooling, the extensive Meridian Leisure Centre, thriving football, golf, tennis and bowling clubs, the well-supported Riverhead Theatre and a County Hospital with an A & E department. The town also offers a wide and excellent range of restaurants, public houses and churches for all major faiths.

A short drive away across the Lincolnshire Wolds is the county town of Lincoln, with its wide range of shopping, supermarkets and community services. There are train stations in both Lincoln and Grimsby. The A16 connects Grimsby to the north with Boston to the South.

Whilst you can enjoy a variety of countryside pursuits around Alexander Park, there are also a range of walks within easy reach of the development.

Disclaimer for virtual viewings

Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing. If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.

Agent Details

Purplebricks, covering Lincoln

01522 303645

Next Steps?

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