2 Bed Terraced House, Cash/Bridging Only, Louth, LN11 0UB, £157,250

9 Parsons Halt, Louth, LN11 0UB - 5 months ago

Sold STC
Cash
66 m²
+17 photos

ValuationOvervalued

Sold Prices£73.5K - £260K
Sold Prices/m²£1.2K/m² - £3.5K/m²

 

 

Square Metres

66 m²
Price/m²£2.4K/m²

Value Estimate

£153,965

 

 

End Value (After Refurb)

£155,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£39,313

Stamp Duty & Legal Fees

£5,918

Refurb Costs

£26,756

Bridging Loan Interest

£4,128

Total Cash In

£77,864

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£155,000

Mortgage (After Refinance)

£116,250

Mortgage LTV

75%

Cash Left In

£77,864

Equity

£38,750

Rent Range

£425 - £875

Rent Estimate

£610

Running Costs/mo

£626

Cashflow/mo

£-16

Cashflow/yr

£-196

Gross Yield

5%

Local Sold Prices

50 sold prices from £73.5K to £260K, average is £139K. £1.2K/m² to £3.5K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£222K04/210.01 mi5, Station Approach, Louth, Lincolnshire LN11 0PS2
£133K11/200.01 mi27, Station Approach, Louth, Lincolnshire LN11 0PS2
£138K10/200.01 mi19, Station Approach, Louth, Lincolnshire LN11 0PS2
£220K02/210.01 mi11, Station Approach, Louth, Lincolnshire LN11 0PS2
£195K10/220.01 mi20, Station Approach, Louth, Lincolnshire LN11 0PS2
£205K11/220.03 mi26, Station Approach, Louth, Lincolnshire LN11 0PS2
£260K04/230.12 mi5, Orchard Close, Louth, Lincolnshire LN11 0BS2
£142.5K01/230.12 mi6, Wellington Street, Louth, Lincolnshire LN11 0JS2
£130K05/210.12 mi12, Wellington Street, Louth, Lincolnshire LN11 0JS2
£121K06/210.12 mi4, Wellington Street, Louth, Lincolnshire LN11 0JS2
£130K12/200.12 mi16, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£125K04/210.12 mi18, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£130K04/210.12 mi11, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£150K10/200.12 mi22, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£160K04/240.12 mi5, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£137.5K11/220.16 mi35, Charles Street, Louth, Lincolnshire LN11 0LB2
£115K04/230.19 mi128, High Holme Road, Louth, Lincolnshire LN11 0HE2
£120K12/200.19 mi78, High Holme Road, Louth, Lincolnshire LN11 0HE2
£170K03/230.19 mi181, Eastgate, Louth, Lincolnshire LN11 8DB2
£155K06/210.19 mi179, Eastgate, Louth, Lincolnshire LN11 8DB2
£168K04/230.19 mi183, Eastgate, Louth, Lincolnshire LN11 8DB2
£126.5K10/230.2 mi20, Commercial Road, Louth, Lincolnshire LN11 7AB2
£165K10/200.2 mi119c, High Holme Road, Louth, Lincolnshire LN11 0HD2
£94K05/210.22 mi180b, Eastgate, Louth, Lincolnshire LN11 9AG2
£116K04/210.22 mi182, Eastgate, Louth, Lincolnshire LN11 9AG2
£142.5K01/230.22 mi10, Cordeaux Close, Louth, Lincolnshire LN11 0GD2
£140K02/210.23 mi46, Keddington Road, Louth, Lincolnshire LN11 0AU2
£145K09/210.23 mi34, Keddington Road, Louth, Lincolnshire LN11 0AU2
£125K10/210.23 mi42, Hawthorne Avenue, Louth, Lincolnshire LN11 0LD2
£90K03/210.23 mi26, James Street, Louth, Lincolnshire LN11 0JW2
£95K12/200.26 mi2, Priory Road, Louth, Lincolnshire LN11 9AL2
£87.5K05/230.26 mi8, Priory Road, Louth, Lincolnshire LN11 9AL2
£98.5K10/220.26 mi70, High Holme Road, Louth, Lincolnshire LN11 0HE2
£112.5K12/200.27 mi18, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£120K03/230.27 mi1, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£205K01/240.27 mi61, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£205K12/230.27 mi28, Priory Close, Louth, Lincolnshire LN11 9AS2
£185K07/230.27 mi12, Priory Close, Louth, Lincolnshire LN11 9AS2
£230K02/240.27 mi44, Priory Close, Louth, Lincolnshire LN11 9AS2
£180K03/210.27 mi42, Priory Close, Louth, Lincolnshire LN11 9AS2
£153K05/210.27 mi56, Priory Close, Louth, Lincolnshire LN11 9AS2
£170K04/230.27 mi10, Priory Close, Louth, Lincolnshire LN11 9AS2
£144K10/210.28 mi2a, Brackenborough Road, Louth, Lincolnshire LN11 0AE2
£158K10/230.28 mi22, Brackenborough Road, Louth, Lincolnshire LN11 0AE2
£97.5K10/220.3 mi3, Lucern Court, Louth, Lincolnshire LN11 7BA2
£150K01/230.31 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£73.5K02/210.31 miChapel Cottage, Northgate, Louth, Lincolnshire LN11 0LY2
£122.5K10/200.32 mi17, Riverhead, Louth, Lincolnshire LN11 0DD2
£94.5K04/210.32 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£108K02/210.32 mi4, Northgate Place, Louth, Lincolnshire LN11 0QL2

Local Rents

42 rents from £425/mo to £875/mo, average is £600/mo.

RentDateDistanceAddressBeds 
£65006/240.06 miParsons Halt, Louth2
£55004/240.08 mi-2
£62506/240.08 mi7 Newbridge Court Newbridge Hill Louth LN11 0NQ2
£60003/250.08 mi-2
£62505/240.14 miRamsgate Louth LN11 0NE2
£59505/240.14 miBridge View, Ramsgate, Louth. LN11 0NE2
£56512/240.18 miJames Street, Louth2
£55006/240.19 miLeakes Row, Louth2
£62505/240.2 miCommercial Road, Louth2
£65005/240.24 miPriory Road, Louth2
£65012/240.26 mi-2
£55005/240.26 mi3 Waterside Mews Eastgate Louth LN11 8DD2
£60012/240.28 miOld School Court, Eastfield Road, Louth2
£57505/240.29 miEastgate, Louth, LN112
£57505/240.29 miEastgate, Louth, LN112
£55012/240.32 mi-2
£57505/240.36 miNorthgate Court2
£57505/240.36 miNorthgate Court2
£54503/250.4 mi-2
£74512/240.4 mi-2
£67501/250.4 mi-2
£67505/240.4 miPlover Grove, Louth, LN112
£65005/240.41 miNorthgate Court, Louth. LN11 0LZ2
£42505/240.41 miEastgate, Louth2
£42506/240.41 miEastgate, Louth2
£57505/240.41 miKidgate, Louth2
£65006/240.42 miKidgate, Louth2
£62505/240.42 miThe Gatherums, Queen Street Place2
£49505/240.43 miChurch Street, Louth, LN11 9BZ2
£52010/240.48 mi-2
£75006/240.49 miRoyal Oak Court, Louth2
£61505/240.51 miRoyal Oak Court, Louth LN11 9JA2
£58005/240.52 miSt Michaels Road, Louth LN11 9DA2
£59506/240.54 miBexon Court, Louth2
£60005/240.55 miMawers Yard, Kidgate, Louth2
£67502/240.56 mi-2
£67503/250.56 mi-2
£49506/240.56 miChurch Street, Louth2
£62505/240.56 miUpgate, Louth2
£69505/240.58 miHarveys Lane, Louth. LN11 8BP2
£87506/240.59 miMonks Dyke Road, Louth2
£57506/240.62 miGeorge Street, Louth2

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.36 miles away

Nearest school

0.20 miles away

Nearest train station

13.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £157,250

November 5, 2024

Sold for £107,750

2005

Floor Plans

Description

  • End Of Terrace House +
  • Two Bedrooms +
  • Living Room +
  • Kitchen +
  • Bathroom +
  • Gardens +
  • Driveway +
  • Brick Built Storehouse +
  • Sought After Location +
  • No Onward Chain +

Choice Properties are delighted to bring to market this charming two bedroom end of terrace house located on Parsons Halt situated in the thriving market town of Louth. The property benefits from a well proportioned reception room, kitchen, and bathroom on the interior, and to the exterior boasts a private garden and driveway. Early viewing is highly advised.

Entrance Hall - 1.22m x 1.50m (4'0 x 4'11) - With wooden entrance door. Radiator. Staircase to first floor landing. Door to:-

Reception Room - 4.80m x 3.12m (15'9 x 10'3) - Gas fireplace with tiled hearth and hardwood surround. Dual aspect windows. Large under stair storage cupboard. Radiator. Power points. TV aerial point. Telephone point. Door to:-

Kitchen - 2.97m x 4.11m (9'9 x 13'6) - Fitted with wall and base units with worksurfaces over. 1 1/2 bowl sink with mixer tap and drainer. Four ring gas hob with extractor hood over. Integral oven. Viessmann gas boiler. Power points. Radiator. Window to rear aspect. Door leading to garden.

Landing - 0.97m x 1.91m (3'2 x 6'3) - Radiator. Power points.

Bedroom 1 - 4.14m x 4.11m (13'7 x 13'6) - Radiator. Power points. Fitted wardrobe. Tv aerial point. Window to front aspect.

Bedroom 2 - 3.66m x 2.13m (12'0 x 7'0 ) - Radiator. Power points. Telephone point. Window to rear aspect.

Bathroom - 2.57m x 1.88m (8'5 x 6'2) - Fitted with a three piece suite comprising of bath with electric shower over, pedestal wash hand basin with single taps and tiled splashback, and a low level flush w.c. Storage cupboard housing hot water tank with fitted shelving. Part tiled walls. Extractor vent. Radiator. Window to rear aspect.

Gardens - To the rear of the property is an easy to maintain laid to lawn garden with a small patio area ideal for outdoor seating.

Driveway - Paved driveway with space for up to 2 vehicles.

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 B. Amount Payable for 2023/24 - £1636.21.

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 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?

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