2 Bed Terraced House, Cash/Bridging Only, Louth, LN11 9DU, £145,000

24 Little Lane, Louth, LN11 9DU - 1 views - 7 months ago

Cash
~50 m²
+18 photos

ValuationOvervalued

Sold Prices£73.5K - £280K
Sold Prices/m²£1K/m² - £5K/m²

 

 

Square Metres

~50.32 m²
Price/m²£2.9K/m²

Value Estimate

£115,107

 

 

End Value (After Refurb)

£141,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£8,450

Refurb Costs

£20,399

Bridging Loan Interest

£3,806

Total Cash In

£70,656

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£141,250

Mortgage (After Refinance)

£105,938

Mortgage LTV

75%

Cash Left In

£70,656

Equity

£35,313

Rent Range

£425 - £775

Rent Estimate

£601

Running Costs/mo

£582

Cashflow/mo

£19

Cashflow/yr

£233

ROI

0%

Gross Yield

5%

Local Sold Prices

51 sold prices from £73.5K to £280K, average is £126K. £1K/m² to £5K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£100K03/210.02 mi46, Little Lane, Louth, Lincolnshire LN11 9DU2
£126K03/210.02 mi42, Little Lane, Louth, Lincolnshire LN11 9DU2
£136K03/230.02 mi46, Little Lane, Louth, Lincolnshire LN11 9DU2
£116K08/230.02 mi22, Little Lane, Louth, Lincolnshire LN11 9DU2
£112K01/240.02 mi26, Little Lane, Louth, Lincolnshire LN11 9DU2
£155K04/240.02 mi16, Little Lane, Louth, Lincolnshire LN11 9DU2
£133K11/200.03 mi51, Church Street, Louth, Lincolnshire LN11 9BZ2
£124K06/210.08 mi22, Mount Pleasant, Louth, Lincolnshire LN11 9DR2
£129.6K08/210.1 mi22, Ashley Road, Louth, Lincolnshire LN11 9DB2
£109K06/210.11 mi55, Kidgate, Louth, Lincolnshire LN11 9BT2
£140K04/230.11 mi51, Kidgate, Louth, Lincolnshire LN11 9BT2
£120K11/210.12 mi3, St Michaels Road, Louth, Lincolnshire LN11 9DA2
£122K12/230.12 mi1, St Michaels Road, Louth, Lincolnshire LN11 9DA2
£122K12/230.12 mi1, St Michaels Road, Louth, Lincolnshire LN11 9DA2
£145K11/200.14 mi13, Bramley Close, Louth, Lincolnshire LN11 9FE2
£135K01/210.14 mi17, Bramley Close, Louth, Lincolnshire LN11 9FE2
£127K07/210.14 mi27, Bramley Close, Louth, Lincolnshire LN11 9FE2
£160K06/230.14 mi20, Bramley Close, Louth, Lincolnshire LN11 9FE2
£150K07/230.14 mi27, Bramley Close, Louth, Lincolnshire LN11 9FE2
£105K11/200.14 mi78, Church Street, Louth, Lincolnshire LN11 9DD2
£91.5K07/210.14 mi82, Church Street, Louth, Lincolnshire LN11 9DD2
£194K11/200.14 mi33, Mount Pleasant, Louth, Lincolnshire LN11 9DW2
£250K06/230.14 mi29, Mount Pleasant, Louth, Lincolnshire LN11 9DW2
£85K09/210.14 mi117, Church Street, Louth, Lincolnshire LN11 9DE2
£118K11/210.16 mi117, Newmarket, Louth, Lincolnshire LN11 9EG2
£126K09/230.16 mi101, Newmarket, Louth, Lincolnshire LN11 9EG2
£111K12/200.16 mi97, Newmarket, Louth, Lincolnshire LN11 9EG2
£95K12/200.17 mi2, Priory Road, Louth, Lincolnshire LN11 9AL2
£87.5K05/230.17 mi8, Priory Road, Louth, Lincolnshire LN11 9AL2
£140K07/230.17 mi10, South Terrace, Louth, Lincolnshire LN11 9DF2
£137K11/230.18 mi43, Newmarket, Louth, Lincolnshire LN11 9HR2
£280K12/230.18 mi9, Pippin Close, Louth, Lincolnshire LN11 9FF2
£242K03/240.18 mi7, Pippin Close, Louth, Lincolnshire LN11 9FF2
£95K06/210.19 mi50, Kidgate, Louth, Lincolnshire LN11 9BU2
£185K09/230.21 mi56, Aswell Street, Louth, Lincolnshire LN11 9HP2
£94K05/210.21 mi180b, Eastgate, Louth, Lincolnshire LN11 9AG2
£116K04/210.21 mi182, Eastgate, Louth, Lincolnshire LN11 9AG2
£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
£185K07/230.22 mi12, Priory Close, Louth, Lincolnshire LN11 9AS2
£205K12/230.22 mi28, Priory Close, Louth, Lincolnshire LN11 9AS2
£230K02/240.22 mi44, Priory Close, Louth, Lincolnshire LN11 9AS2
£95K10/200.22 mi16b, Queen Street, Louth, Lincolnshire LN11 9AU2
£125K11/230.23 mi8, Watts Lane, Louth, Lincolnshire LN11 9DG2
£250K01/240.23 mi52, Watts Lane, Louth, Lincolnshire LN11 9DG2
£108K02/210.24 mi4, Northgate Place, Louth, Lincolnshire LN11 0QL2
£189.9K09/230.25 mi37, Lee Street, Louth, Lincolnshire LN11 9HJ2
£122K09/210.25 mi18, Kidgate, Louth, Lincolnshire LN11 9HN2
£73.5K02/210.26 miChapel Cottage, Northgate, Louth, Lincolnshire LN11 0LY2
£90K03/210.27 mi26, James Street, Louth, Lincolnshire LN11 0JW2

Local Rents

43 rents from £425/mo to £775/mo, average is £600/mo.

RentDateDistanceAddressBeds 
£49505/240.03 miChurch Street, Louth, LN11 9BZ2
£57505/240.1 miKidgate, Louth2
£65006/240.11 miKidgate, Louth2
£58005/240.12 miSt Michaels Road, Louth LN11 9DA2
£67502/240.14 mi-2
£67503/250.14 mi-2
£49506/240.15 miChurch Street, Louth2
£65012/240.17 mi-2
£62505/240.17 miThe Gatherums, Queen Street Place2
£65005/240.18 miPriory Road, Louth2
£57505/240.2 miEastgate, Louth, LN112
£57505/240.2 miEastgate, Louth, LN112
£42505/240.25 miEastgate, Louth2
£42506/240.25 miEastgate, Louth2
£62505/240.28 miRamsgate Louth LN11 0NE2
£59505/240.28 miBridge View, Ramsgate, Louth. LN11 0NE2
£60005/240.29 miMawers Yard, Kidgate, Louth2
£56512/240.29 miJames Street, Louth2
£52010/240.3 mi-2
£57505/240.3 miNorthgate Court2
£57505/240.3 miNorthgate Court2
£62505/240.31 miUpgate, Louth2
£54503/250.32 mi-2
£75006/240.34 miRoyal Oak Court, Louth2
£59506/240.34 miBexon Court, Louth2
£62506/240.35 mi7 Newbridge Court Newbridge Hill Louth LN11 0NQ2
£67505/240.35 miLittle South Street, Louth, LN112
£61505/240.36 miRoyal Oak Court, Louth LN11 9JA2
£65006/240.36 miParsons Halt, Louth2
£65005/240.36 miNorthgate Court, Louth. LN11 0LZ2
£65005/240.36 mi-2
£64512/240.37 mi-2
£55004/240.37 mi-2
£57506/240.4 miGeorge Street, Louth2
£60003/250.41 mi-2
£62505/240.43 miCommercial Road, Louth2
£77505/240.48 miWestgate, Louth2
£55012/240.48 mi-2
£55005/240.52 mi3 Waterside Mews Eastgate Louth LN11 8DD2
£60012/240.53 miOld School Court, Eastfield Road, Louth2
£55006/240.55 miLeakes Row, Louth2
£65007/240.59 mi-2
£67505/240.61 miGraye Drive, Louth2

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.41 miles away

Nearest school

0.10 miles away

Nearest train station

13.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £145,000

August 27, 2024

Floor Plans

Description

  • End of terrace house +
  • Two double bedrooms +
  • Open plan kitchen/reception room +
  • Modern Bathroom +
  • Private Courtyard +
  • Beautifully presented throughout +
  • Short walk to the town and local amenities +
  • Gas central heating +
  • Featured wood burner +
  • Viewing highly advised +

Choice Properties are delighted to bring to the market this charming and stylish two bedroom end of terrace house, situated just a short walk from Louth's thriving market town and local amenities. The property further benefits from spacious open/plan layout to the ground floor with modern bathroom. To the rear of the property is an enclosed courtyard with outbuilding, which is ideal for extra storage. Early viewing is highly advised!

Reception Room - Charming and abundantly light and airy reception room, multi fuel burner set into featured brick surround, TV Aerial point, telephone point. Consumer unit. Power points. Under stair storage cupboard. Connection point for virgin tv. Radiator.

Kitchen - Fitted with a modern range of wall and base units with complementary work surfaces over, 1 bowl stainless steel sink unit with drainer and mixer tap, 4 ring electric hob with splash back behind, integral oven, feature part brick interior wall, plumbing for washing machine, 6 double power points. Radiator.

Bedroom 1 - Spacious double bedroom. Hardwood floor. UVPC window to front aspect. Access to loft. Radiator. Power points.

Bedroom 2 - Double bedroom. Hardwood floor. UVPC window to rear aspect. Radiator. Power points.

Bathroom - Fitted with a modern three piece suite comprising panelled bath with stainless steel taps and mains shower over, wash hand basin with stainless steel mixer tap set into vanity unit, w.c., chrome heated towel rail, fully tiled walls, tiled floors, extractor fan, inset spotlights to the ceiling, boiler.

Garden - To the rear of the property is a courtyard style garden with a pathway leading to a patio area at the rear. Located in the rear garden is a brick built outbuilding useful for storage as well as a log store.

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. Amount Payable for 2023/24 - £1340.37.

Viewing Arrangements - Viewing by appointment through Choice Properties Louth 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 regulations we will ask you to provide us with formal photographic ID by way of either a passport or driving licence together with a current utility bill. 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?

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