2 Bed Terraced House, Single Let, Louth, LN11 7AA, £134,950

62 St Peters Avenue, Cleethorpes, DN35 8HP - 2 views - 5 months ago

BTL
124 m²
+10 photos

ValuationUndervalued

Sold Prices£87.5K - £295K
Sold Prices/m²£1.2K/m² - £3.5K/m²

 

 

Square Metres

124 m²
Price/m²£1.1K/m²

Value Estimate

£167,338
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,738

Stamp Duty & Legal Fees

£7,948

Total Cash In

£41,685

 

 

Cash Out

 

Rent Range

£425 - £875

Rent Estimate

£425

Running Costs/mo

£527

Cashflow/mo

£-102

Cashflow/yr

£-1,221

Gross Yield

4%

Local Sold Prices

50 sold prices from £87.5K to £295K, average is £137.8K. £1.2K/m² to £3.5K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£126.5K10/230.04 mi20, Commercial Road, Louth, Lincolnshire LN11 7AB2
£170K03/230.1 mi181, Eastgate, Louth, Lincolnshire LN11 8DB2
£155K06/210.1 mi179, Eastgate, Louth, Lincolnshire LN11 8DB2
£168K04/230.1 mi183, Eastgate, Louth, Lincolnshire LN11 8DB2
£97.5K10/220.14 mi3, Lucern Court, Louth, Lincolnshire LN11 7BA2
£205K11/220.15 mi26, Station Approach, Louth, Lincolnshire LN11 0PS2
£195K10/220.15 mi20, Station Approach, Louth, Lincolnshire LN11 0PS2
£222K04/210.16 mi5, Station Approach, Louth, Lincolnshire LN11 0PS2
£133K11/200.16 mi27, Station Approach, Louth, Lincolnshire LN11 0PS2
£138K10/200.16 mi19, Station Approach, Louth, Lincolnshire LN11 0PS2
£220K02/210.16 mi11, Station Approach, Louth, Lincolnshire LN11 0PS2
£150K01/230.18 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£112.5K12/200.19 mi18, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£120K03/230.19 mi1, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£205K01/240.19 mi61, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£122.5K10/200.19 mi17, Riverhead, Louth, Lincolnshire LN11 0DD2
£94.5K04/210.19 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£132.5K07/210.19 mi49, Eastfield Road, Louth, Lincolnshire LN11 7AJ2
£260K04/230.2 mi5, Orchard Close, Louth, Lincolnshire LN11 0BS2
£100K01/210.21 mi1, Thames Street, Louth, Lincolnshire LN11 7AD2
£94K05/210.23 mi180b, Eastgate, Louth, Lincolnshire LN11 9AG2
£116K04/210.23 mi182, Eastgate, Louth, Lincolnshire LN11 9AG2
£205K12/230.24 mi28, Priory Close, Louth, Lincolnshire LN11 9AS2
£185K07/230.24 mi12, Priory Close, Louth, Lincolnshire LN11 9AS2
£230K02/240.24 mi44, Priory Close, Louth, Lincolnshire LN11 9AS2
£180K03/210.24 mi42, Priory Close, Louth, Lincolnshire LN11 9AS2
£153K05/210.24 mi56, Priory Close, Louth, Lincolnshire LN11 9AS2
£170K04/230.24 mi10, Priory Close, Louth, Lincolnshire LN11 9AS2
£130K12/200.24 mi16, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£125K04/210.24 mi18, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£130K04/210.24 mi11, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£150K10/200.24 mi22, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£160K04/240.24 mi5, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£140K02/210.25 mi46, Keddington Road, Louth, Lincolnshire LN11 0AU2
£145K09/210.25 mi34, Keddington Road, Louth, Lincolnshire LN11 0AU2
£130K05/210.26 mi12, Wellington Street, Louth, Lincolnshire LN11 0JS2
£121K06/210.26 mi4, Wellington Street, Louth, Lincolnshire LN11 0JS2
£142.5K01/230.26 mi6, Wellington Street, Louth, Lincolnshire LN11 0JS2
£95K12/200.28 mi2, Priory Road, Louth, Lincolnshire LN11 9AL2
£87.5K05/230.28 mi8, Priory Road, Louth, Lincolnshire LN11 9AL2
£295K06/230.29 mi99, Monks Dyke Road, Louth, Lincolnshire LN11 8DN2
£123.5K12/230.3 mi59, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£115K04/230.3 mi91, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£110K04/230.3 mi97, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£137.5K11/220.32 mi35, Charles Street, Louth, Lincolnshire LN11 0LB2
£144K10/210.35 mi2a, Brackenborough Road, Louth, Lincolnshire LN11 0AE2
£158K10/230.35 mi22, Brackenborough Road, Louth, Lincolnshire LN11 0AE2
£90K03/210.35 mi26, James Street, Louth, Lincolnshire LN11 0JW2
£115K04/230.35 mi128, High Holme Road, Louth, Lincolnshire LN11 0HE2
£120K12/200.35 mi78, High Holme Road, Louth, Lincolnshire LN11 0HE2

Local Rents

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

RentDateDistanceAddressBeds 
£62505/240.04 miCommercial Road, Louth2
£55005/240.1 mi3 Waterside Mews Eastgate Louth LN11 8DD2
£60012/240.12 miOld School Court, Eastfield Road, Louth2
£65006/240.19 miParsons Halt, Louth2
£62506/240.21 mi7 Newbridge Court Newbridge Hill Louth LN11 0NQ2
£55004/240.23 mi-2
£62505/240.24 miRamsgate Louth LN11 0NE2
£59505/240.24 miBridge View, Ramsgate, Louth. LN11 0NE2
£60003/250.25 mi-2
£65005/240.26 miPriory Road, Louth2
£56512/240.31 miJames Street, Louth2
£65012/240.33 mi-2
£55006/240.34 miLeakes Row, Louth2
£57505/240.39 miEastgate, Louth, LN112
£57505/240.39 miEastgate, Louth, LN112
£69505/240.42 miHarveys Lane, Louth. LN11 8BP2
£87506/240.43 miMonks Dyke Road, Louth2
£67505/240.46 miPlover Grove, Louth, LN112
£67501/250.46 mi-2
£74512/240.46 mi-2
£49505/240.47 miChurch Street, Louth, LN11 9BZ2
£57505/240.48 miKidgate, Louth2
£65006/240.48 miKidgate, Louth2
£55012/240.49 mi-2
£57505/240.49 miNorthgate Court2
£57505/240.49 miNorthgate Court2
£80005/240.5 mi18 Conker Grove Louth LN11 7BY2
£62505/240.51 miThe Gatherums, Queen Street Place2
£42505/240.52 miEastgate, Louth2
£42506/240.52 miEastgate, Louth2
£54503/250.53 mi-2
£65005/240.55 miNorthgate Court, Louth. LN11 0LZ2
£58005/240.56 miSt Michaels Road, Louth LN11 9DA2
£77503/250.57 mi-2
£67502/240.58 mi-2
£67503/250.58 mi-2
£49506/240.59 miChurch Street, Louth2
£52010/240.59 mi-2
£75006/240.62 miRoyal Oak Court, Louth2

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.51 miles away

Nearest school

0.20 miles away

Nearest train station

13.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £134,950

November 5, 2024

Floor Plans

Description

  • Spacious mid terrace home located within easy access of Louth town centre and amenities +
  • Two double bedrooms and superb modern bathroom suite +
  • Nice sized lounge , modern fitted kitchen diner and utility room +
  • Well presented living accommodation throughout with gas central heating +
  • Available for sale with no forward chain / vacant possession on completion +
  • On street parking and low maintenance rear courtyard / garden +
  • Excellent first time buy or buy to let investment opportunity. +
  • Energy performance certificate rating D; Council tax band A +

This spacious and smartly presented two bedroom terrace property is ideally located within close proximity to Louth centre and all amenities. Offered for sale with NO FORWARD CHAIN, the property is an excellent opportunity for first time buyers or investment.
Internal viewing is considered essential in order to fully appreciate the living space on offer, which is briefly comprised of: Lounge, Kitchen dining room, utility room, bathroom suite and two double bedrooms to the first floor. Outside, there is a low maintenance courtyard with brick outbuilding . There is a gate to the rear leading to a communal passageway which in turn leads to a communal lawned garden area which is shared by neighbouring properties.

Agent Details

Crofts Estate Agents, Louth

01507 308526

Next Steps?

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