2 Bed Detached House, Refurb/BRRR, Louth, LN11 8DX, £129,950

62 Monks Dyke Road, Louth, Lincolnshire, LN11 8DX - 2 views - 8 months ago

Cash
Refurb/BRRR
~68 m²
+14 photos

ValuationUndervalued

Sold Prices£87.5K - £295K
Sold Prices/m²£1.6K/m² - £5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£145,510

 

 

End Value (After Refurb)

£148,215

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,488

Stamp Duty & Legal Fees

£5,550

Refurb Costs

£27,612

Bridging Loan Interest

£3,411

Total Cash In

£70,810

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£148,215

Mortgage (After Refinance)

£111,161

Mortgage LTV

75%

Cash Released

£13,699

Cash Left In

£57,112

Equity

£37,054

Rent Range

£425 - £875

Rent Estimate

£618

Running Costs/mo

£607

Cashflow/mo

£11

Cashflow/yr

£135

ROI

0%

Gross Yield

6%

Local Sold Prices

50 sold prices from £87.5K to £295K, average is £150K. £1.6K/m² to £5K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£112.5K12/200.08 mi18, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£120K03/230.08 mi1, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£205K01/240.08 mi61, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£205K12/230.09 mi28, Priory Close, Louth, Lincolnshire LN11 9AS2
£185K07/230.09 mi12, Priory Close, Louth, Lincolnshire LN11 9AS2
£230K02/240.09 mi44, Priory Close, Louth, Lincolnshire LN11 9AS2
£180K03/210.09 mi42, Priory Close, Louth, Lincolnshire LN11 9AS2
£153K05/210.09 mi56, Priory Close, Louth, Lincolnshire LN11 9AS2
£170K04/230.09 mi10, Priory Close, Louth, Lincolnshire LN11 9AS2
£295K06/230.11 mi99, Monks Dyke Road, Louth, Lincolnshire LN11 8DN2
£94K05/210.16 mi180b, Eastgate, Louth, Lincolnshire LN11 9AG2
£116K04/210.16 mi182, Eastgate, Louth, Lincolnshire LN11 9AG2
£194K11/200.17 mi33, Mount Pleasant, Louth, Lincolnshire LN11 9DW2
£250K06/230.17 mi29, Mount Pleasant, Louth, Lincolnshire LN11 9DW2
£95K12/200.17 mi2, Priory Road, Louth, Lincolnshire LN11 9AL2
£87.5K05/230.17 mi8, Priory Road, Louth, Lincolnshire LN11 9AL2
£170K03/230.17 mi181, Eastgate, Louth, Lincolnshire LN11 8DB2
£155K06/210.17 mi179, Eastgate, Louth, Lincolnshire LN11 8DB2
£168K04/230.17 mi183, Eastgate, Louth, Lincolnshire LN11 8DB2
£280K12/230.23 mi9, Pippin Close, Louth, Lincolnshire LN11 9FF2
£242K03/240.23 mi7, Pippin Close, Louth, Lincolnshire LN11 9FF2
£126.5K10/230.24 mi20, Commercial Road, Louth, Lincolnshire LN11 7AB2
£126K03/210.26 mi42, Little Lane, Louth, Lincolnshire LN11 9DU2
£100K03/210.26 mi46, Little Lane, Louth, Lincolnshire LN11 9DU2
£112K01/240.26 mi26, Little Lane, Louth, Lincolnshire LN11 9DU2
£116K08/230.26 mi22, Little Lane, Louth, Lincolnshire LN11 9DU2
£136K03/230.26 mi46, Little Lane, Louth, Lincolnshire LN11 9DU2
£155K04/240.26 mi16, Little Lane, Louth, Lincolnshire LN11 9DU2
£124K06/210.28 mi22, Mount Pleasant, Louth, Lincolnshire LN11 9DR2
£133K11/200.29 mi51, Church Street, Louth, Lincolnshire LN11 9BZ2
£115K01/210.29 mi114, St Bernards Avenue, Louth, Lincolnshire LN11 8AT2
£125K11/230.29 mi8, Watts Lane, Louth, Lincolnshire LN11 9DG2
£250K01/240.29 mi52, Watts Lane, Louth, Lincolnshire LN11 9DG2
£150K12/230.3 mi55, Wallis Road, Louth, Lincolnshire LN11 8DS2
£135K01/210.31 mi17, Bramley Close, Louth, Lincolnshire LN11 9FE2
£145K11/200.31 mi13, Bramley Close, Louth, Lincolnshire LN11 9FE2
£127K07/210.31 mi27, Bramley Close, Louth, Lincolnshire LN11 9FE2
£150K07/230.31 mi27, Bramley Close, Louth, Lincolnshire LN11 9FE2
£160K06/230.31 mi20, Bramley Close, Louth, Lincolnshire LN11 9FE2
£97.5K10/220.33 mi3, Lucern Court, Louth, Lincolnshire LN11 7BA2
£212K02/230.33 mi5, Alexander Drive, Louth, Lincolnshire LN11 8QG2
£150K12/200.33 mi15, Alexander Drive, Louth, Lincolnshire LN11 8QG2
£189.9K09/230.33 mi3, Alexander Drive, Louth, Lincolnshire LN11 8QG2
£222K04/210.34 mi5, Station Approach, Louth, Lincolnshire LN11 0PS2
£133K11/200.34 mi27, Station Approach, Louth, Lincolnshire LN11 0PS2
£138K10/200.34 mi19, Station Approach, Louth, Lincolnshire LN11 0PS2
£220K02/210.34 mi11, Station Approach, Louth, Lincolnshire LN11 0PS2
£195K10/220.34 mi20, Station Approach, Louth, Lincolnshire LN11 0PS2
£139K05/230.34 mi53, Broadley Crescent, Louth, Lincolnshire LN11 8AN2
£205K11/220.34 mi26, Station Approach, Louth, Lincolnshire LN11 0PS2

Local Rents

44 rents from £425/mo to £875/mo, average is £608/mo.

RentDateDistanceAddressBeds 
£65005/240.17 miPriory Road, Louth2
£62505/240.24 miCommercial Road, Louth2
£65012/240.27 mi-2
£62505/240.28 miRamsgate Louth LN11 0NE2
£59505/240.28 miBridge View, Ramsgate, Louth. LN11 0NE2
£49505/240.29 miChurch Street, Louth, LN11 9BZ2
£55005/240.3 mi3 Waterside Mews Eastgate Louth LN11 8DD2
£60012/240.31 miOld School Court, Eastfield Road, Louth2
£65006/240.31 miParsons Halt, Louth2
£62506/240.32 mi7 Newbridge Court Newbridge Hill Louth LN11 0NQ2
£57505/240.34 miKidgate, Louth2
£57505/240.34 miEastgate, Louth, LN112
£57505/240.34 miEastgate, Louth, LN112
£65006/240.35 miKidgate, Louth2
£56512/240.35 miJames Street, Louth2
£55004/240.36 mi-2
£67502/240.36 mi-2
£67503/250.36 mi-2
£87506/240.37 miMonks Dyke Road, Louth2
£58005/240.38 miSt Michaels Road, Louth LN11 9DA2
£49506/240.38 miChurch Street, Louth2
£60003/250.39 mi-2
£62505/240.4 miThe Gatherums, Queen Street Place2
£69505/240.41 miHarveys Lane, Louth. LN11 8BP2
£42505/240.46 miEastgate, Louth2
£42506/240.46 miEastgate, Louth2
£57505/240.47 miNorthgate Court2
£57505/240.47 miNorthgate Court2
£54503/250.51 mi-2
£80005/240.52 mi18 Conker Grove Louth LN11 7BY2
£52010/240.52 mi-2
£55006/240.53 miLeakes Row, Louth2
£65005/240.54 miNorthgate Court, Louth. LN11 0LZ2
£60005/240.54 miMawers Yard, Kidgate, Louth2
£65005/240.55 mi-2
£64512/240.55 mi-2
£62505/240.56 miUpgate, Louth2
£75006/240.56 miRoyal Oak Court, Louth2
£61505/240.58 miRoyal Oak Court, Louth LN11 9JA2
£55012/240.58 mi-2
£59506/240.58 miBexon Court, Louth2
£67505/240.58 miGraye Drive, Louth2
£77503/250.59 mi-2
£67505/240.6 miLittle South Street, Louth, LN112

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.55 miles away

Nearest school

0.10 miles away

Nearest train station

13.59 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 £129,950

March 12, 2025

Price changed to £140,000

January 4, 2025

Listed for £145,000

July 22, 2024

Sold for £39,950

1999

Floor Plans

Description

  • Mid-terrace house +
  • Two double bedrooms +
  • Spacious living room +
  • Kitchen +
  • Bathroom +
  • Driveway with detched garage +
  • Garden +
  • No upper chain +
  • Viewing advised +

Welcome to 62 Monks Dyke Road, Louth - a charming location that could be the perfect setting for your next home! This property, built in 1900, offers a fantastic renovation project for those looking to create their dream living space.

With 1 reception room, 2 bedrooms, and 1 bathroom, this property provides a cozy and manageable layout that is just waiting for your personal touch. The exciting opportunity to transform this space into a modern and stylish abode is truly enticing.

Conveniently located close to the town, you'll have easy access to all the amenities and services you need. The added bonus of parking and a garage ensures that you'll have plenty of space for your vehicles or storage.

What's more, this property is chain-free, offering you a straightforward and hassle-free purchasing process. Embrace the potential and make this house your home today!

Reception Room - 6.10m x 3.71m' (20'0 x 12'2') - Bay window to front aspect, electric fire set into featured brick surround, TV Aerial point, telephone point, consumer unit, power points, staircase to the first floor.

Kitchen - 3.35m' x 3.40m' (11'0' x 11'2') - Fitted with a range of wall and base units with worktops over, one bowl stainless steel sink unit with drainer and stainless steel taps, cooker point, space for fridge/freezer, plumbing for a washing machine, partly tiled walls, pedestrian door to the rear aspect leading into the garden.

Landing - 3.35m' x 1.78m' (11'0' x 5'10') - With loft access.

Bedroom 1 - 3.35m' x 3.43m' (11'0' x 11'3') - Double bedroom, fitted wardrobes, power points, radiator.

Bedroom 2 - 3.56m' x 3.05m (11'8' x 10'0) - Double bedroom, fitted shelving, power points, radiator.

Bathroom - 3.05m x 1.78m' (10'0 x 5'10') - Fitted with a three piece suite comprising panelled bath with single taps, pedestal wash hand basin with single taps, w.c., tiled splash backs, heated towel rail.

Driveway - Gravelled driveway providing off road parking and leading up to the detached garage.

Garage - 7.34m' x 2.74m' (24'1' x 9'0') - Detached brick built garage with electric roller door, power and lighting, pedestrian door to the side aspect.

Garden - To the rear of the property you will find a privately enclosed courtyard garden with bricked walls to the boundaries, with a variety of plants and shrubbery throughout.

Tenure - Freehold.

Council Tax Band - Local Authority - East Lindsey District Council,
The Hub,
Mareham Road,
Horncastle,
Lincolnshire,
LN9 6PH
Tel. No.
Website:

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

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.

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.

Agent Details

Choice Properties, Louth

01507 308529

Next Steps?

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