2 Bed Terraced House, Single Let, Louth, LN11 8UQ, £120,000

42 Carlton Park, Louth, Lincolnshire, LN11 8UQ - 2 views - 7 months ago

Under Offer
BTL
ROI: 4%
60 m²
+11 photos

ValuationUndervalued

Sold Prices£96K - £362K
Sold Prices/m²£1.4K/m² - £3.3K/m²

 

 

Square Metres

60 m²
Price/m²£2K/m²

Value Estimate

£142,127
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,950

Total Cash In

£34,950

 

 

Cash Out

 

Rent Range

£650 - £1,500

Rent Estimate

£667

Running Costs/mo

£528

Cashflow/mo

£139

Cashflow/yr

£1,663

ROI

5%

Gross Yield

7%

Local Sold Prices

22 sold prices from £96K to £362K, average is £180K. £1.4K/m² to £3.3K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£99K11/210.01 mi6, Carlton Park, Manby, Louth, Lincolnshire LN11 8UQ2
£119K09/230.01 mi4, Carlton Park, Manby, Louth, Lincolnshire LN11 8UQ2
£115K06/230.01 mi2, Carlton Park, Manby, Louth, Lincolnshire LN11 8UQ2
£105K12/200.01 mi23, Carlton Park, Manby, Louth, Lincolnshire LN11 8UQ2
£98K05/210.01 mi42, Carlton Park, Manby, Louth, Lincolnshire LN11 8UQ2
£108K12/230.01 mi35, Carlton Park, Manby, Louth, Lincolnshire LN11 8UQ2
£130K10/230.25 miThe Bungalow, Carlton Road, Manby, Louth, Lincolnshire LN11 8HH2
£155K10/200.5 mi19, Chapel Lane, Manby, Louth, Lincolnshire LN11 8HQ2
£96K05/210.5 miChapel Cottage, Chapel Lane, Manby, Louth, Lincolnshire LN11 8HQ2
£295K11/210.5 mi16, Chapel Lane, Manby, Louth, Lincolnshire LN11 8HQ2
£145K03/210.69 mi13, Gibson Way, Manby, Louth, Lincolnshire LN11 8FA2
£180K12/221.16 mi48, Tinkle Street, Grimoldby, Louth, Lincolnshire LN11 8SZ2
£280K10/231.93 miFairholme, South View Lane, South Cockerington, Louth, Lincolnshire LN11 7ED2
£350K03/232.07 miField View, Marsh Lane, South Cockerington, Louth, Lincolnshire LN11 7EQ2
£240K04/212.08 miOld Post Office, Main Road, South Reston, Louth, Lincolnshire LN11 8JQ2
£200K01/212.18 miBrandon Lodge, Station Road, Legbourne, Louth, Lincolnshire LN11 8LL2
£180K11/202.2 miOslo, Main Street, Gayton Le Marsh, Alford, Lincolnshire LN13 0NS2
£290K12/232.25 miAshlea, Church Lane, Legbourne, Louth, Lincolnshire LN11 8LN2
£220K12/202.25 miAshlea, Church Lane, Legbourne, Louth, Lincolnshire LN11 8LN2
£362K06/232.39 miIngleside, Main Road, South Reston, Louth, Lincolnshire LN11 8JL2
£215K07/232.46 miFreshfields, Main Street, Gayton Le Marsh, Alford, Lincolnshire LN13 0NS2
£250K02/212.97 miLa Haie Sainte, Watery Lane, Little Cawthorpe, Louth, Lincolnshire LN11 8LZ2

Local Rents

7 rents from £650/mo to £1.5K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£65005/240.38 miLittle Carlton, Louth1
£75002/230.46 mi-3
£1,00006/240.78 miSpinney Close, Grimoldby, LN11 8SY3
£80012/240.91 mi-3
£1,50006/242.13 mi-3
£1,20004/252.13 mi-3
£1,50005/242.13 miMain Street, Gayton Le Marsh, Alford, LN133

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

4.45 miles away

Nearest school

0.80 miles away

Nearest train station

15.20 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 £120,000

January 23, 2025

Listed for £125,000

August 25, 2024

Sold for £98,000

2021

Sold for £82,500

2004

Floor Plans

Description

  • Well presented two bedroom mid terrace house +
  • Spacious open plan kitchen dining room +
  • Entrance hall, lounge and rear lobby +
  • First floor bathroom with shower over the bath +
  • Gas central heating, uPVC double glazing and NO FORWARD CHAIN +
  • Off road parking to front for two vehicles +
  • South facing rear gardens with neat lawn and open views to fields +
  • Energy performance Rating D and Council tax band A +

REDUCED Looking for a quick sale! Coming to the market with NO FORWARD CHAIN is this well presented TWO BEDROOM mid terrace house. Set on the popular and affordable former housing association development this property is presented to a good standard and presents an excellent opportunity for first time buyers, young couples or investors to get their foot on the property ladder. Rental wise this property returns an estimated £8,000 per annum in rent which is good value for the invested amount which is an approximate 6% return. The property has an open plan kitchen dining room, entrance hall, spacious lounge, rear lobby to rear and stairs, two double bedrooms and family bathroom with shower over the bath to the first floor. Outside the south facing rear is laid to lawn with timber shed and concrete paths. The rear enjoys unspoilt views over fields. The front has concrete and gravel driveway for two cars with slab path to open front drive.

Agent Details

Crofts Estate Agents, Louth

01507 308526

Next Steps?

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