2 Bed Terraced House, Cash/Bridging Only, Louth, LN11 0AN, £129,950

32 Jubilee Crescent, Louth, Lincolnshire, LN11 0AN - 3 views - 6 months ago

Sold STC
Cash
ROI: 1%
55 m²
+19 photos

ValuationFair Value

Sold Prices£94.5K - £260K
Sold Prices/m²£1.6K/m² - £3.6K/m²

 

 

Square Metres

55 m²
Price/m²£2.4K/m²

Value Estimate

£128,322

 

 

End Value (After Refurb)

£127,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,488

Stamp Duty & Legal Fees

£5,099

Refurb Costs

£22,297

Bridging Loan Interest

£3,411

Total Cash In

£65,044

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£127,500

Mortgage (After Refinance)

£95,625

Mortgage LTV

75%

Cash Left In

£65,044

Equity

£31,875

Rent Range

£550 - £745

Rent Estimate

£613

Running Costs/mo

£541

Cashflow/mo

£72

Cashflow/yr

£864

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £94.5K to £260K, average is £142.5K. £1.6K/m² to £3.6K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£140K08/230.05 mi44, Fulmar Drive, Louth, Lincolnshire LN11 0ST2
£184K11/200.06 mi68, Fulmar Drive, Louth, Lincolnshire LN11 0ST2
£225K04/230.09 mi105, Brackenborough Road, Louth, Lincolnshire LN11 0AD2
£168K07/210.1 mi105, Brackenborough Road, Louth, Lincolnshire LN11 0AD2
£153K03/240.1 mi31, Swallow Drive, Louth, Lincolnshire LN11 0DN2
£146.5K06/230.1 mi41, Swallow Drive, Louth, Lincolnshire LN11 0DN2
£144K10/210.12 mi2a, Brackenborough Road, Louth, Lincolnshire LN11 0AE2
£158K10/230.12 mi22, Brackenborough Road, Louth, Lincolnshire LN11 0AE2
£140K02/210.18 mi46, Keddington Road, Louth, Lincolnshire LN11 0AU2
£145K09/210.18 mi34, Keddington Road, Louth, Lincolnshire LN11 0AU2
£210K11/210.22 mi1, Lyndon Way, Louth, Lincolnshire LN11 0BH2
£210K03/240.26 mi5, Lyndon Crescent, Louth, Lincolnshire LN11 0BJ2
£260K04/230.27 mi5, Orchard Close, Louth, Lincolnshire LN11 0BS2
£142.5K01/230.28 mi10, Cordeaux Close, Louth, Lincolnshire LN11 0GD2
£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
£210K11/220.29 mi21, Christopher Close, Louth, Lincolnshire LN11 0BT2
£140K10/200.33 mi32, Elm Drive, Louth, Lincolnshire LN11 0DQ2
£209K04/230.33 mi32, Elm Drive, Louth, Lincolnshire LN11 0DQ2
£165K10/200.35 mi119c, High Holme Road, Louth, Lincolnshire LN11 0HD2
£122.5K10/200.37 mi17, Riverhead, Louth, Lincolnshire LN11 0DD2
£94.5K04/210.37 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£205K11/220.38 mi26, Station Approach, Louth, Lincolnshire LN11 0PS2
£115K04/230.39 mi128, High Holme Road, Louth, Lincolnshire LN11 0HE2
£120K12/200.39 mi78, High Holme Road, Louth, Lincolnshire LN11 0HE2
£150K01/230.39 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£195K10/220.39 mi20, Station Approach, Louth, Lincolnshire LN11 0PS2
£222K04/210.4 mi5, Station Approach, Louth, Lincolnshire LN11 0PS2
£133K11/200.4 mi27, Station Approach, Louth, Lincolnshire LN11 0PS2
£138K10/200.4 mi19, Station Approach, Louth, Lincolnshire LN11 0PS2
£220K02/210.4 mi11, Station Approach, Louth, Lincolnshire LN11 0PS2
£100K01/210.42 mi1, Thames Street, Louth, Lincolnshire LN11 7AD2
£97.5K10/220.45 mi3, Lucern Court, Louth, Lincolnshire LN11 7BA2
£126.5K10/230.47 mi20, Commercial Road, Louth, Lincolnshire LN11 7AB2
£123.5K12/230.47 mi59, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£115K04/230.47 mi91, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£110K04/230.47 mi97, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£98.5K10/220.48 mi70, High Holme Road, Louth, Lincolnshire LN11 0HE2
£137.5K11/220.48 mi35, Charles Street, Louth, Lincolnshire LN11 0LB2
£132.5K07/210.48 mi49, Eastfield Road, Louth, Lincolnshire LN11 7AJ2
£142.5K01/230.49 mi6, Wellington Street, Louth, Lincolnshire LN11 0JS2
£130K05/210.49 mi12, Wellington Street, Louth, Lincolnshire LN11 0JS2
£121K06/210.49 mi4, Wellington Street, Louth, Lincolnshire LN11 0JS2
£125K10/210.5 mi42, Hawthorne Avenue, Louth, Lincolnshire LN11 0LD2
£170K03/230.53 mi181, Eastgate, Louth, Lincolnshire LN11 8DB2
£155K06/210.53 mi179, Eastgate, Louth, Lincolnshire LN11 8DB2
£168K04/230.53 mi183, Eastgate, Louth, Lincolnshire LN11 8DB2

Local Rents

15 rents from £550/mo to £745/mo, average is £600/mo.

RentDateDistanceAddressBeds 
£67505/240.05 miPlover Grove, Louth, LN112
£67501/250.05 mi-2
£74512/240.05 mi-2
£55006/240.32 miLeakes Row, Louth2
£60003/250.42 mi-2
£55004/240.44 mi-2
£55005/240.45 mi3 Waterside Mews Eastgate Louth LN11 8DD2
£60012/240.45 miOld School Court, Eastfield Road, Louth2
£65006/240.45 miParsons Halt, Louth2
£62506/240.47 mi7 Newbridge Court Newbridge Hill Louth LN11 0NQ2
£62505/240.47 miCommercial Road, Louth2
£62505/240.53 miRamsgate Louth LN11 0NE2
£59505/240.53 miBridge View, Ramsgate, Louth. LN11 0NE2
£55012/240.55 mi-2
£56512/240.55 miJames Street, Louth2

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.64 miles away

Nearest school

0.40 miles away

Nearest train station

12.89 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £129,950

September 25, 2024

Sold for £73,500

2016

Sold for £18,000

2000

Floor Plans

Description

  • End Terrace House +
  • Two Bedrooms +
  • Kitchen +
  • Living Room +
  • Bathroom +
  • Privately Enclosed Gardens +
  • Detached Garage +
  • Driveway +
  • Gas Central Heating +
  • UVPC Double Glazing +

Choice Properties bring to market this superb two bedroom end of terrace house ideally situated in the thriving market town of Louth allowing the property to take advantage of all the local amenities. Featuring a well proportioned kitchen, living room and bathroom, in additional to a privately enclosed garden with outbuildings, Early Viewing Is Highly Advised.

Living Room - 3.56m x 3.40m (11'8 x 11'2) - With UVPC entrance door. Log burner set in fireplace with stone hearth and brick surround. Fitted storage cupboard. Consumer unit. UVPC window to front aspect. Power points. Tv aerial point. Radiator.

Kitchen - 2.64m x 3.94m (8'8 x 12'11) - Fitted with wall and base units with worksurfaces over. Cooker point with tiled splashbacks. One bowl stainless steel sink with mixer tap and drainer with tiled splash back. Plumbing for washing machine. Under stair storage housing a recently fitted 'Viessmann' gas boiler with space for fridge freezer. Laminate flooring. Stairs to first floor landing. UVPC door leading to garden.

Landing - 1.55m x 3.91m (5'1 x 12'10) - UVPC window to side aspect. Access to loft. Radiator.

Bedroom 1 - 3.58m x 3.91m (11'9 x 12'10) - Fitted with an over stair storage cupboard. Large UVPC window to front aspect. Fireplace with tiled hearth. Power points. Radiator.

Bedroom 2 - 2.54m x 2.24m (8'4 x 7'4) - Fitted with and over stair storage cupboard. UVPC window to rear aspect. Power points. Radiator.

Bathroom - 1.65m x 1.57m (5'5 x 5'2) - Fitted with a three piece suite comprised of panelled bath with shower over and tiled walls, pedestal wash hand basin with mixer tap and tiled splashback, and push flush w.c. Chrome heated towel rail. Radiator. Wall mounted vanity unit with mirror over.

Garage - Detached single garage with up and over garage door.

Gardens - To the rear of the property is private fully enclosed laid to lawn garden with fencing to the perimeter. The rear garden further benefits for a variety of outbuildings including a brick built garden shed and a log store. To the front is a small paved garden area adjacent to the driveway.

Driveway - Paved driveway with space for up to 3 vehicles.

Tenure - Freehold.

Council Tax Band - Tedder Hall,
Manby Park,
Louth.
LN11 8UP
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 Arrangments - 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 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.

Additonal Notes - The vendors inform us that the property has been recently been fully rewired.

Agent Details

Choice Properties, Louth

01507 308529

Next Steps?

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