2 Bed Terraced House, Single Let, Louth, LN11 7AB, £165,000

2 Commercial Road, Louth, Lincolnshire, LN11 7AB - 9 months ago

Under Offer
BTL
56 m²
+5 photos

ValuationOvervalued

Sold Prices£87.5K - £295K
Sold Prices/m²£1.2K/m² - £3.6K/m²

 

 

Square Metres

56 m²
Price/m²£2.9K/m²

Value Estimate

£129,087

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£6,299

Total Cash In

£47,549

 

 

Cash Out

 

Rent Range

£425 - £875

Rent Estimate

£425

Running Costs/mo

£621

Cashflow/mo

£-196

Cashflow/yr

£-2,347

Gross Yield

3%

Local Sold Prices

50 sold prices from £87.5K to £295K, average is £139.5K. £1.2K/m² to £3.6K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£126.5K10/230 mi20, Commercial Road, Louth, Lincolnshire LN11 7AB2
£170K03/230.09 mi181, Eastgate, Louth, Lincolnshire LN11 8DB2
£155K06/210.09 mi179, Eastgate, Louth, Lincolnshire LN11 8DB2
£168K04/230.09 mi183, Eastgate, Louth, Lincolnshire LN11 8DB2
£97.5K10/220.12 mi3, Lucern Court, Louth, Lincolnshire LN11 7BA2
£112.5K12/200.17 mi18, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£120K03/230.17 mi1, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£205K01/240.17 mi61, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£205K11/220.18 mi26, Station Approach, Louth, Lincolnshire LN11 0PS2
£132.5K07/210.18 mi49, Eastfield Road, Louth, Lincolnshire LN11 7AJ2
£150K01/230.18 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£195K10/220.18 mi20, Station Approach, Louth, Lincolnshire LN11 0PS2
£222K04/210.18 mi5, Station Approach, Louth, Lincolnshire LN11 0PS2
£133K11/200.18 mi27, Station Approach, Louth, Lincolnshire LN11 0PS2
£138K10/200.18 mi19, Station Approach, Louth, Lincolnshire LN11 0PS2
£220K02/210.18 mi11, Station Approach, Louth, Lincolnshire LN11 0PS2
£122.5K10/200.2 mi17, Riverhead, Louth, Lincolnshire LN11 0DD2
£94.5K04/210.2 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£100K01/210.2 mi1, Thames Street, Louth, Lincolnshire LN11 7AD2
£205K12/230.22 mi28, Priory Close, Louth, Lincolnshire LN11 9AS2
£185K07/230.22 mi12, Priory Close, Louth, Lincolnshire LN11 9AS2
£230K02/240.22 mi44, Priory Close, Louth, Lincolnshire LN11 9AS2
£180K03/210.22 mi42, Priory Close, Louth, Lincolnshire LN11 9AS2
£153K05/210.22 mi56, Priory Close, Louth, Lincolnshire LN11 9AS2
£170K04/230.22 mi10, Priory Close, Louth, Lincolnshire LN11 9AS2
£94K05/210.23 mi180b, Eastgate, Louth, Lincolnshire LN11 9AG2
£116K04/210.23 mi182, Eastgate, Louth, Lincolnshire LN11 9AG2
£260K04/230.24 mi5, Orchard Close, Louth, Lincolnshire LN11 0BS2
£295K06/230.26 mi99, Monks Dyke Road, Louth, Lincolnshire LN11 8DN2
£95K12/200.27 mi2, Priory Road, Louth, Lincolnshire LN11 9AL2
£87.5K05/230.27 mi8, Priory Road, Louth, Lincolnshire LN11 9AL2
£130K12/200.28 mi16, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£125K04/210.28 mi18, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£130K04/210.28 mi11, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£150K10/200.28 mi22, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£160K04/240.28 mi5, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£130K05/210.28 mi12, Wellington Street, Louth, Lincolnshire LN11 0JS2
£121K06/210.28 mi4, Wellington Street, Louth, Lincolnshire LN11 0JS2
£142.5K01/230.28 mi6, Wellington Street, Louth, Lincolnshire LN11 0JS2
£140K02/210.28 mi46, Keddington Road, Louth, Lincolnshire LN11 0AU2
£145K09/210.28 mi34, Keddington Road, Louth, Lincolnshire LN11 0AU2
£123.5K12/230.29 mi59, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£115K04/230.29 mi91, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£110K04/230.29 mi97, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£139K05/230.33 mi53, Broadley Crescent, Louth, Lincolnshire LN11 8AN2
£137.5K11/220.35 mi35, Charles Street, Louth, Lincolnshire LN11 0LB2
£90K03/210.36 mi26, James Street, Louth, Lincolnshire LN11 0JW2
£210K11/220.38 mi21, Christopher Close, Louth, Lincolnshire LN11 0BT2
£144K10/210.38 mi2a, Brackenborough Road, Louth, Lincolnshire LN11 0AE2
£158K10/230.38 mi22, Brackenborough Road, Louth, Lincolnshire LN11 0AE2

Local Rents

38 rents from £425/mo to £875/mo, average is £600/mo.

RentDateDistanceAddressBeds 
£62505/240.01 miCommercial Road, Louth2
£55005/240.09 mi3 Waterside Mews Eastgate Louth LN11 8DD2
£60012/240.1 miOld School Court, Eastfield Road, Louth2
£65006/240.21 miParsons Halt, Louth2
£62506/240.23 mi7 Newbridge Court Newbridge Hill Louth LN11 0NQ2
£62505/240.25 miRamsgate Louth LN11 0NE2
£59505/240.25 miBridge View, Ramsgate, Louth. LN11 0NE2
£55004/240.26 mi-2
£65005/240.26 miPriory Road, Louth2
£60003/250.27 mi-2
£56512/240.32 miJames Street, Louth2
£65012/240.34 mi-2
£55006/240.38 miLeakes Row, Louth2
£69505/240.39 miHarveys Lane, Louth. LN11 8BP2
£87506/240.4 miMonks Dyke Road, Louth2
£57505/240.4 miEastgate, Louth, LN112
£57505/240.4 miEastgate, Louth, LN112
£49505/240.46 miChurch Street, Louth, LN11 9BZ2
£80005/240.47 mi18 Conker Grove Louth LN11 7BY2
£57505/240.47 miKidgate, Louth2
£65006/240.48 miKidgate, Louth2
£67505/240.49 miPlover Grove, Louth, LN112
£67501/250.49 mi-2
£74512/240.49 mi-2
£57505/240.51 miNorthgate Court2
£57505/240.51 miNorthgate Court2
£55012/240.51 mi-2
£62505/240.51 miThe Gatherums, Queen Street Place2
£42505/240.53 miEastgate, Louth2
£42506/240.53 miEastgate, Louth2
£77503/250.54 mi-2
£54503/250.54 mi-2
£58005/240.55 miSt Michaels Road, Louth LN11 9DA2
£65005/240.56 miNorthgate Court, Louth. LN11 0LZ2
£67502/240.57 mi-2
£67503/250.57 mi-2
£49506/240.58 miChurch Street, Louth2
£52010/240.6 mi-2

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.53 miles away

Nearest school

0.20 miles away

Nearest train station

13.34 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 £165,000

December 4, 2024

Listed for £169,950

July 18, 2024

Sold for £145,000

2019

Sold for £67,500

2014

Floor Plans

Description

  • Beautifully presented two bedroom terrace property +
  • Partial double glazing and central heating +
  • Living room, bathroom and dining kitchen to the ground floor +
  • Landing and two bedrooms to the first floor +
  • Good sized rear garden with lawn and decking area +
  • No forward chain on the vendor side +
  • Early viewing is highly advised +
  • Energy performance rating D and Council tax band A +

Without a doubt in this agents opinion this is one of the best examples of this type of property on the market today, beautifully presented throughout this ready to move into two-bedroom terrace has been renovated to a high standard. The current owners have spent a great deal of time and attention in creating this smart and stylish home which benefits from partial double glazing and gas central heating. This super property briefly comprises living room, attractive dining kitchen with bi fold doors to the rear, modern ground floor bathroom, landing and then finally two bedrooms to the first floor. To the rear of the property you find a semi-walled garden which offers an unusual amount of space for a property of this type and has been re-landscaped with a split-level lawn and sizeable decked terrace accessed from the kitchen ideal for outdoor entertaining. Viewing is truly a must on this property.

Agent Details

Crofts Estate Agents, Louth

01507 308526

Next Steps?

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