4 Bed Terraced House, Cash/Bridging Only, Louth, LN11 8DT, £190,000

27 Wallis Road, Louth, LN11 8DT - 2 views - 7 months ago

Cash
~129 m²
+19 photos

ValuationUndervalued

Sold Prices£115K - £600K
Sold Prices/m²£1.1K/m² - £5.3K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.5K/m²

Value Estimate

£199,950

 

 

End Value (After Refurb)

£279,217

Uplift in Value

+40%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£7,199

Refurb Costs

£52,400

Bridging Loan Interest

£4,988

Total Cash In

£113,836

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£279,217

Mortgage (After Refinance)

£209,413

Mortgage LTV

75%

Cash Released

£66,913

Cash Left In

£46,923

Equity

£69,804

Rent Range

£750 - £1,400

Rent Estimate

£910

Running Costs/mo

£1,075

Cashflow/mo

£-165

Cashflow/yr

£-1,975

Gross Yield

6%

Local Sold Prices

48 sold prices from £115K to £600K, average is £298.5K. £1.1K/m² to £5.3K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£252.5K09/230.21 mi3, Spire View Road, Louth, Lincolnshire LN11 8SL4
£302K02/210.35 mi20, Pippin Close, Louth, Lincolnshire LN11 9FF4
£160.5K03/210.36 mi43, Watts Lane, Louth, Lincolnshire LN11 9DG4
£312K01/230.38 mi19, Eastfield Road, Louth, Lincolnshire LN11 7AJ4
£375K06/230.39 mi13, Robinson Lane, Louth, Lincolnshire LN11 9FB4
£250K10/220.43 mi9, Alder Close, Louth, Lincolnshire LN11 8XB4
£445K09/230.45 mi6, Beck Way, Louth, Lincolnshire LN11 8XH4
£350K10/230.48 mi7, Langley Close, Louth, Lincolnshire LN11 8YP4
£190K03/230.48 mi34, Riverhead, Louth, Lincolnshire LN11 0DD4
£192.5K03/210.48 mi123, Eastfield Road, Louth, Lincolnshire LN11 7AS4
£176K10/200.49 mi4, Mallard Ings, Louth, Lincolnshire LN11 0FD4
£335K11/230.5 mi1, Mayfield Crescent, Louth, Lincolnshire LN11 8EQ4
£315K12/200.5 mi1a, Mayfield Crescent, Louth, Lincolnshire LN11 8EQ4
£118K10/200.51 mi123, Church Street, Louth, Lincolnshire LN11 9DE4
£217K11/200.52 mi11, Stutte Close, Louth, Lincolnshire LN11 8YN4
£315K02/210.52 mi6, Stutte Close, Louth, Lincolnshire LN11 8YN4
£257K06/230.53 mi14, Florence Wright Avenue, Louth, Lincolnshire LN11 8EJ4
£415K11/220.53 mi64, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£305K11/210.54 mi28, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£320K11/230.54 mi3, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£255K03/210.54 mi6, Blanchard Road, Louth, Lincolnshire LN11 8YH4
£470K09/230.55 mi30, Victoria Road, Louth, Lincolnshire LN11 0BX4
£372K01/210.55 mi3, Abbey Park, Louth, Lincolnshire LN11 7BB4
£245K10/210.56 mi84, Newmarket, Louth, Lincolnshire LN11 9EQ4
£395K06/210.58 mi50, Kenwick Road, Louth, Lincolnshire LN11 8EG4
£260K12/200.58 mi36, Kenwick Road, Louth, Lincolnshire LN11 8EG4
£385K04/230.61 mi35, Linden Walk, Louth, Lincolnshire LN11 9HT4
£242.5K02/230.65 mi26, Elm Drive, Louth, Lincolnshire LN11 0DQ4
£465K10/220.67 mi4, Kenwick Pastures, Louth, Lincolnshire LN11 8EE4
£320K08/230.68 mi57, Keddington Road, Louth, Lincolnshire LN11 0BA4
£245K03/210.73 mi9, Kenwick Close, Louth, Lincolnshire LN11 8EP4
£241K05/210.73 mi12, Kenwick Close, Louth, Lincolnshire LN11 8EP4
£125K11/200.74 mi19, Keddington Crescent, Louth, Lincolnshire LN11 0AP4
£185K03/210.75 mi34, Brackenborough Road, Louth, Lincolnshire LN11 0AE4
£295K11/200.77 mi3, Kiln Lane, Louth, Lincolnshire LN11 0LG4
£290K09/210.77 mi3, Quarryside, Louth, Lincolnshire LN11 9JE4
£240K03/210.8 mi52, High Holme Road, Louth, Lincolnshire LN11 0EY4
£195K07/210.8 mi12, Cedar Close, Louth, Lincolnshire LN11 0EH4
£392.5K03/210.82 mi13, St James View, Louth, Lincolnshire LN11 9XY4
£320K10/210.83 mi21, High Holme Road, Louth, Lincolnshire LN11 0EX4
£370K05/230.83 mi21, High Holme Road, Louth, Lincolnshire LN11 0EX4
£115K10/200.83 mi1, Jubilee Crescent, Louth, Lincolnshire LN11 0AL4
£340K06/230.84 mi11, Davey Close, Louth, Lincolnshire LN11 0AB4
£445K09/210.9 mi12, Blue Stone Rise, Louth, Lincolnshire LN11 9XZ4
£275K05/230.93 mi3, Anthony Crescent, Louth, Lincolnshire LN11 0AY4
£600K10/230.94 mi17, Horncastle Road, Louth, Lincolnshire LN11 9LB4
£600K10/230.94 mi17, Horncastle Road, Louth, Lincolnshire LN11 9LB4
£191K01/210.96 mi22, Amanda Drive, Louth, Lincolnshire LN11 0AZ4

Local Rents

10 rents from £750/mo to £1.4K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£85005/240.2 mi-3
£85006/240.2 miBroadley Crescent, Louth, LN113
£75005/240.31 miSt. Bernards Avenue, Louth3
£75006/240.31 miSt. Bernards Avenue, Louth3
£75005/240.39 miPriory Road, Louth3
£87505/240.39 miOld Chapel Mews, Louth, LN113
£1,20006/240.45 miAcorn Avenue, Louth, LN114
£75005/240.51 miRamsgate, Louth3
£92512/240.53 miPasture Drive, Louth3
£1,40006/240.61 miLinden Walk, Louth, LN115

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.77 miles away

Nearest school

0.20 miles away

Nearest train station

13.67 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 £190,000

March 20, 2025

Price changed to £195,000

January 15, 2025

Listed for £199,950

September 12, 2024

Floor Plans

Description

  • End Terrace House +
  • Four Bedrooms +
  • Large Living Room +
  • Kitchen +
  • Dining Room +
  • Sun Room +
  • Downstairs Wet Room +
  • WC +
  • Garden +
  • Driveway +

Choice Properties are delighted to present this superb four bedroom end of terrace house which has been enjoyed by one owner for over 40 years. Offering generously proportioned rooms throughout, this characterful property additionally benefits from an attractive garden and is offered with no upper chain, early viewing is highy advised.

Hallway - 3.45m x 1.68m (11'4 x 5'6 ) - With UVPC entrance door. Part tiled part hardwood floor. Understair storage cupboard housing consumer unit. Radiator. Power points. Telephone point. Staircase to first floor landing.

Living Room - 3.76m x 3.61m (12'4 x 11'10) - UVPC bay window to front aspect. Fireplace housing log burner with a part brick part tiled hearth and brick surround. Beamed ceilings. Radiator. Power points. TV aerial point.

Kitchen - 3.63m x 2.59m (11'11 x 8'6) - Fitted with wall and base units with work surfaces over. Four ring gas hob. 1 1/2 bowl sink with drainer and mixer tap. Integral oven. Part tiled walls. Beamed ceilings.. Power points. Window to sunroom. Stable door to:-

Sun Room - 2.77m x 5.94m (9'1 x 19'6) - French doors leading to garden. Vinyl flooring. UVPC windows to rear and side aspect. Conservatory roof. Power points. Space for washing machine and tumble dryer.

Rear Porch - With entrance doors to front and rear aspects. Two large storage cupboards.

Dining Room - 4.01m x 3.58m (13'2 x 11'9) - Storage cuboard with fitted shelving. Beamed ceilings. Serving hatch to kitchen. Power points. Radiator. Door to:-

Wet Room - 1.47m x 1.65m (4'10 x 5'5) - Fitted with a three piece suite comprising electric walking in shower, Corner wash hand basin set over vanity unit, and push flush w.c. Chrome heated towel rail. Extractor. Tiled walls.

Landing - 1.65m x 3.10m (5'5 x 10'2) - With doors to all first floor rooms. Access to loft. Power point. UVPC window to side aspect.

Bedroom 1 - 4.52m x 3.10m (14'10 x 10'2 ) - UVPC bay window to front aspect. Storage cupboard with fitted shelving. Power points. Telephone point.

Bedroom 2 - 4.09m x 3.12m (13'5 x 10'3 ) - Radiator. Power points. UVPC to rear aspect.

Bedroom 3 - 3.20m x 3.12m (10'6 x 10'3) - Power points. UVPC to rear aspect.

Bedroom 4 - 2.84m x 2.08m (9'4 x 6'10) - 'Worcester' combi boiler. UVPC window to front aspect. Power points. Over stair storage.

Wc - 0.81m x 1.57m (2'8 x 5'2) - Fitted with a low level w.c. UVPC window to side aspect. Vinyl flooring.

Driveway - Providing off street parking.

Gardens - To the rear of the property you will find a paved patio area and a decked seating area perfect for enjoying longer evenings as it faces South-West. Beyond this is a privately enclosed lawned garden with mature hedges and fencing fully enclosing it. To the front of the property adjacent to the driveway is another laid to lawn garden with a low level brick wall to the perimeter.

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 2024/25 - £1402.47

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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