3 Bed Detached House, Potential PLO/LOA, Mablethorpe, LN12 1EP, £70,000

Wakefield House, Golf Road, Mablethorpe, Lincolnshire LN12 1EP - 19 views - 6 months ago

Sold STC

Auction

Negative Equity

ROI: 6%

~93 m²

+9 photos

ValuationUndervalued

Sold Prices	£64.8K - £350K
Sold Prices/m²	£771/m² - £4.1K/m²

Square Metres	~93 m²
Price/m²	£753/m²
Value Estimate	£84,000£84,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£17,500£17,500
Stamp Duty & Legal Fees	£3,300£3,300
Total Cash In	£20,800£20,800

Cash Out
Rent Range	£400 - £995£400 - £995
Rent Estimate	£418
Running Costs/mo	£322£322
Cashflow/mo	£96£96
Cashflow/yr	£1,148£1,148
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £64.8K to £350K, average is £167.5K. £771/m² to £4.1K/m², average is £1.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£300K	01/21	0.11 mi	Hedgcroft, Alford Road, Mablethorpe, Lincolnshire LN12 1ET	£2,500	120	3	Detached House
£64.8K	11/23	0.14 mi	3, Tuplin Road, Mablethorpe, Lincolnshire LN12 1FE	£771	84	3	Semi-Detached House
£200K	12/22	0.17 mi	6, Church Road, Mablethorpe, Lincolnshire LN12 2EW	-	-	3	Detached House
£270K	12/22	0.19 mi	1, Cheltenham Way, Mablethorpe, Lincolnshire LN12 2AX	£2,836	95	3	Detached House
£250K	06/21	0.22 mi	22, Marlborough Drive, Mablethorpe, Lincolnshire LN12 2BA	£2,451	102	3	Detached House
£170K	12/20	0.23 mi	5, Rutland Road, Mablethorpe, Lincolnshire LN12 1EN	£2,152	79	3	Detached House
£290K	04/23	0.27 mi	19, Parklands, Mablethorpe, Lincolnshire LN12 1BY	£3,187	91	3	Detached House
£157.5K	10/20	0.28 mi	9, Grosvenor Road, Mablethorpe, Lincolnshire LN12 1EL	£1,770	89	3	Detached House
£235K	10/23	0.28 mi	9, Grosvenor Road, Mablethorpe, Lincolnshire LN12 1EL	£2,640	89	3	Detached House
£205K	05/23	0.29 mi	42, Cheltenham Way, Mablethorpe, Lincolnshire LN12 2AX	-	-	3	Terraced House
£265K	11/23	0.34 mi	15, Winchester Drive, Mablethorpe, Lincolnshire LN12 2AY	£3,118	85	3	Bungalow
£163K	12/20	0.36 mi	10, Chaucer Avenue, Mablethorpe, Lincolnshire LN12 1DA	£1,964	83	3	Semi-Detached House
£350K	09/21	0.38 mi	112, Church Lane, Mablethorpe, Lincolnshire LN12 2NU	£3,571	98	3	Detached House
£201K	09/23	0.41 mi	32, Alexandra Road, Mablethorpe, Lincolnshire LN12 1BJ	£1,689	119	3	Semi-Detached House
£240K	02/23	0.42 mi	11, The Green, Mablethorpe, Lincolnshire LN12 1JS	-	-	3	Detached House
£165K	10/22	0.49 mi	14, Windsor Road, Mablethorpe, Lincolnshire LN12 1JT	£2,837	58	3	Semi-Detached House
£150K	03/21	0.49 mi	22, Windsor Road, Mablethorpe, Lincolnshire LN12 1JT	£1,899	79	3	Semi-Detached House
£143K	01/22	0.54 mi	8, Waterloo Road, Mablethorpe, Lincolnshire LN12 1JP	£1,124	127	3	Terraced House
£140K	02/21	0.55 mi	4, Windsor Road, Mablethorpe, Lincolnshire LN12 1JW	£1,556	90	3	Semi-Detached House
£185K	08/23	0.56 mi	47, Wellington Road, Mablethorpe, Lincolnshire LN12 1HT	-	-	3	Semi-Detached House
£170K	09/23	0.6 mi	11, Tennyson Avenue, Mablethorpe, Lincolnshire LN12 1HF	£1,868	91	3	Semi-Detached House
£153K	11/22	0.6 mi	7, Tennyson Avenue, Mablethorpe, Lincolnshire LN12 1HF	-	-	3	Semi-Detached House
£154K	11/20	0.61 mi	105, Wellington Road, Mablethorpe, Lincolnshire LN12 1HY	£1,481	104	3	Semi-Detached House
£110K	12/20	0.62 mi	9, Tennyson Road, Mablethorpe, Lincolnshire LN12 1HE	£924	119	3	Terraced House
£110K	12/20	0.62 mi	9, Tennyson Road, Mablethorpe, Lincolnshire LN12 1HE	£924	119	3	Terraced House
£155K	11/22	0.62 mi	17, Somersby Avenue, Mablethorpe, Lincolnshire LN12 1HN	-	-	3	Terraced House
£190K	02/23	0.63 mi	1, Foxe End, Mablethorpe, Lincolnshire LN12 2DS	-	-	3	Detached House
£205K	07/23	0.64 mi	12, Somersby Avenue, Mablethorpe, Lincolnshire LN12 1HH	£3,106	66	3	Detached House
£120K	04/21	0.64 mi	30, Somersby Avenue, Mablethorpe, Lincolnshire LN12 1HH	£1,379	87	3	Terraced House
£127K	11/21	0.64 mi	9, Tennyson Road, Mablethorpe, Lincolnshire LN12 1HE	£1,067	119	3	Terraced House
£132K	03/21	0.65 mi	52, Seacroft Road, Mablethorpe, Lincolnshire LN12 2DJ	£2,093	63	3	Detached House
£240K	03/23	0.65 mi	2, Ripon Place, Mablethorpe, Lincolnshire LN12 2DL	£3,288	73	3	Detached House
£130K	06/21	0.65 mi	15, Regent Road, Mablethorpe, Lincolnshire LN12 1LQ	£1,429	91	3	Semi-Detached House
£161K	11/20	0.67 mi	55, George Street, Mablethorpe, Lincolnshire LN12 2BH	£1,769	91	3	Detached House
£175K	10/23	0.68 mi	16, St Andrews Road, Mablethorpe, Lincolnshire LN12 1JA	-	-	3	Semi-Detached House
£145K	05/21	0.68 mi	42, George Street, Mablethorpe, Lincolnshire LN12 2BJ	£1,686	86	3	Detached House
£180K	10/21	0.68 mi	68, George Street, Mablethorpe, Lincolnshire LN12 2BJ	£1,852	97	3	Detached House
£155K	01/21	0.68 mi	8, Ancaster Road, Mablethorpe, Lincolnshire LN12 2DH	£1,667	93	3	Semi-Detached House
£235K	03/21	0.68 mi	Tyfell, Seaholme Road, Mablethorpe, Lincolnshire LN12 2NX	£4,123	57	3	Detached House
£235K	07/23	0.68 mi	40, Seacroft Road, Mablethorpe, Lincolnshire LN12 2DQ	£2,533	93	3	Detached House
£145K	06/21	0.68 mi	26, Byron Road, Mablethorpe, Lincolnshire LN12 1JE	£2,403	60	3	Semi-Detached House
£207K	05/23	0.68 mi	26, Byron Road, Mablethorpe, Lincolnshire LN12 1JE	£3,431	60	3	Semi-Detached House
£70K	12/23	0.69 mi	67a, Victoria Road, Mablethorpe, Lincolnshire LN12 2AF	£864	81	3	Semi-Detached House
£124K	12/20	0.69 mi	65, St Andrews Road, Mablethorpe, Lincolnshire LN12 1JB	£1,393	89	3	Semi-Detached House
£180K	09/23	0.72 mi	34, Long Acre, Mablethorpe, Lincolnshire LN12 1JF	£1,895	95	3	Semi-Detached House
£140K	11/20	0.72 mi	20, Long Acre, Mablethorpe, Lincolnshire LN12 1JF	£1,818	77	3	Semi-Detached House
£165K	03/21	0.72 mi	10, Long Acre, Mablethorpe, Lincolnshire LN12 1JF	£1,875	88	3	Semi-Detached House
£155K	08/21	0.72 mi	21, Long Acre, Mablethorpe, Lincolnshire LN12 1JF	£2,456	63	3	Semi-Detached House
£208K	09/23	0.72 mi	20, Long Acre, Mablethorpe, Lincolnshire LN12 1JF	£2,701	77	3	Semi-Detached House
£238K	05/23	0.74 mi	44, Faldos Way, Mablethorpe, Lincolnshire LN12 1NF	£2,790	85	3	Semi-Detached House

Local Rents

23 rents from £400/mo to £995/mo, average is £495/mo.

Rent	Date	Distance	Address	Beds	Type
£400	05/24	0.57 mi	Wellington Road, Mablethorpe	1	Flat
£495	05/24	0.67 mi	Seacroft Road, Mablethorpe, LN12	1	Flat
£900	05/24	0.67 mi	Seaholme Road, MABLETHORPE	3	Bungalow
£500	05/24	0.69 mi	Victoria Road, Mablethorpe	2	Flat
£895	01/25	0.71 mi	-	2	Bungalow
£595	05/24	0.75 mi	Victoria Road, Mablethorpe, LN12	1	Flat
£450	05/24	0.82 mi	Victoria Road, Mablethorpe, LN12	1	Flat
£725	06/24	0.82 mi	93 Victoria Road, Mablethorpe, LN12	2	Detached House
£850	05/24	0.94 mi	Poplar Avenue, Mablethorpe, LN12	2	Flat
£475	05/24	0.99 mi	Mablethorpe Park, Seaholme Road, Mablethorpe, LN12	1	Bungalow
£435	05/24	1.14 mi	Sutton Road, Lincolnshire, LN12	1	Flat
£415	05/24	1.14 mi	-	1	Flat
£415	05/24	1.14 mi	-	1	Flat
£435	02/24	1.14 mi	-	1	Flat
£435	02/24	1.14 mi	-	1	Flat
£435	03/24	1.14 mi	-	1	Flat
£435	03/24	1.14 mi	-	1	Flat
£575	07/24	1.16 mi	-	1	Flat
£950	05/24	1.18 mi	Barton Close, Thrusthorpe	2	Bungalow
£400	05/24	1.46 mi	St Peters Lane South, Trusthorpe, Mablethorpe, LN12	1	Bungalow
£995	05/24	2.04 mi	Trusthorpe Road, Sutton on Sea, LN12	3	Bungalow
£595	05/24	2.31 mi	High Street, Sutton on Sea, LN12	2	Flat
£725	05/24	2.36 mi	Sutton-On-Sea	2	Terraced House

Local Area Statistics

Population in LN12	13,24413,244
Town centre distance	0.10 miles away0.10 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	14.09 miles away14.09 miles away

Rental growth (12m)	-3%-3%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+31%+31%

Property History

Listed for £70,000

-73%

October 28, 2024

Sold for £192,000

2020

Sold for £120,000

2017

Floor Plans

Description

Auction Date commencing on Monday 25th November at 1pm and ending 24 hours later on Tuesday 26th November at 1pm with Auction House South Yorkshire

Please register to bid via our website - auctionhouse.co.uk/southyorkshire FREEHOLD 3 BED DETACHED HOUSE WITH OPEN VIEWS OVER FIELDS, GARDEN PLOT & AMPLE OFF ROAD PARKING, POTENTIAL TO EXTEND TO SIDE & REAR OPEN HOUSE VIEWINGS DATES
FRIDAY 22ND NOVEMBER AT 11AM UNTIL 11:30AM
SATURDAY 23RD NOVEMBER AT 11AM UNTIL 11:30AM

DESCRIPTION: ENTRANCE HALLWAY, CLOAKS WC, KITCHEN, LOUNGE DINER, THREE BEDROOMS, DRESSING ROOM, BATHROOM. GARDENS TO FRONT SIDE & REAR, OFF PARKING. Tenure: Freehold Administration Fee: £2400 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Agent Details

Auction House, South Yorkshire

0114 223 0777

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