4 Bed Detached House, Refurb/BRRR, Louth, LN11 0QW, £500,000

119 Crowtree Lane, Louth, LN11 0QW - 1 views - 5 months ago

Refurb/BRRR

~129 m²

+14 photos

ValuationOvervalued

Sold Prices	£118K - £620K
Sold Prices/m²	£1.1K/m² - £4.1K/m²

Square Metres	~129.26 m²
Price/m²	£3.9K/m²
Value Estimate	£235,276£235,276

End Value (After Refurb)	£456,250£456,250

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£125,000£125,000
Stamp Duty & Legal Fees	£32,700£32,700
Refurb Costs	£52,400£52,400
Bridging Loan Interest	£13,125£13,125
Total Cash In	£224,975£224,975

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£456,250£456,250
Mortgage (After Refinance)	£342,188£342,188
Mortgage LTV	75%75%
Cash Left In	£224,975£224,975
Equity	£114,063£114,063
Rent Range	£750 - £1,500£750 - £1,500
Rent Estimate	£979
Running Costs/mo	£1,642£1,642
Cashflow/mo	£-663£-663
Cashflow/yr	£-7,951£-7,951
Gross Yield	2%2%

Local Sold Prices

23 sold prices from £118K to £620K, average is £370K. £1.1K/m² to £4.1K/m², average is £2.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£600K	10/23	0.39 mi	17, Horncastle Road, Louth, Lincolnshire LN11 9LB	£4,054	148	4	Detached House
£600K	10/23	0.39 mi	17, Horncastle Road, Louth, Lincolnshire LN11 9LB	£4,054	148	4	Detached House
£445K	09/21	0.44 mi	12, Blue Stone Rise, Louth, Lincolnshire LN11 9XZ	£3,201	139	4	Detached House
£317K	02/21	0.52 mi	24, St Marys Lane, Louth, Lincolnshire LN11 0DT	£1,495	212	4	Detached House
£620K	11/20	0.52 mi	54, St Marys Lane, Louth, Lincolnshire LN11 0DT	£2,684	231	4	Detached House
£392.5K	03/21	0.53 mi	13, St James View, Louth, Lincolnshire LN11 9XY	£2,688	146	4	Detached House
£290K	09/21	0.56 mi	3, Quarryside, Louth, Lincolnshire LN11 9JE	£2,710	107	4	Detached House
£505K	07/23	0.59 mi	46, St Marys Park, Louth, Lincolnshire LN11 0EF	£2,869	176	4	Detached House
£575K	12/23	0.59 mi	1, St Marys Park, Louth, Lincolnshire LN11 0EF	-	-	4	Detached House
£460K	09/21	0.59 mi	1, St Marys Park, Louth, Lincolnshire LN11 0EF	-	-	4	Detached House
£495K	11/22	0.63 mi	6, St Marys Park, Louth, Lincolnshire LN11 0EF	-	-	4	Detached House
£385K	04/23	0.76 mi	35, Linden Walk, Louth, Lincolnshire LN11 9HT	-	-	4	Terraced House
£195K	07/21	0.78 mi	12, Cedar Close, Louth, Lincolnshire LN11 0EH	£1,990	98	4	Semi-Detached House
£245K	10/21	0.79 mi	84, Newmarket, Louth, Lincolnshire LN11 9EQ	-	-	4	Terraced House
£295K	11/20	0.81 mi	3, Kiln Lane, Louth, Lincolnshire LN11 0LG	£1,612	183	4	Terraced House
£118K	10/20	0.85 mi	123, Church Street, Louth, Lincolnshire LN11 9DE	£1,073	110	4	Terraced House
£320K	10/21	0.85 mi	21, High Holme Road, Louth, Lincolnshire LN11 0EX	£1,821	176	4	Terraced House
£370K	05/23	0.85 mi	21, High Holme Road, Louth, Lincolnshire LN11 0EX	£2,106	176	4	Terraced House
£240K	03/21	0.87 mi	52, High Holme Road, Louth, Lincolnshire LN11 0EY	-	-	4	Detached House
£235K	12/20	0.89 mi	82, Grimsby Road, Louth, Lincolnshire LN11 0DZ	£1,895	124	4	Semi-Detached House
£330K	09/21	0.93 mi	2, Hill Rise, Louth, Lincolnshire LN11 0YY	£2,426	136	4	Detached House
£357K	03/21	0.93 mi	3, Hill Rise, Louth, Lincolnshire LN11 0YY	-	-	4	Detached House
£375K	06/23	0.96 mi	13, Robinson Lane, Louth, Lincolnshire LN11 9FB	-	-	4	Detached House

Local Rents

18 rents from £750/mo to £1.5K/mo, average is £900/mo.

Rent	Date	Distance	Address	Beds	Type
£1,000	05/24	0.3 mi	Lincoln Road/St Marys, Louth	3	Detached House
£1,100	05/24	0.37 mi	Horncastle Road, Louth	3	Detached House
£1,000	06/24	0.5 mi	St. Marys Lane, Louth	3	Bungalow
£850	05/24	0.51 mi	Gospelgate, Louth	3	Detached House
£795	05/24	0.51 mi	Gospelgate, Louth	3	Semi-Detached House
£1,500	05/24	0.6 mi	Buttercup Lane, Louth	4	House
£1,145	09/24	0.66 mi	-	4	Semi-Detached House
£750	05/24	0.69 mi	Nichol Hill, Louth, LN11	3	Flat
£1,400	06/24	0.76 mi	Linden Walk, Louth, LN11	5	Detached House
£1,350	05/24	0.77 mi	Westfield Park , Louth	4	Detached House
£850	05/24	0.86 mi	Seymour Avenue, Louth	3	Detached House
£750	05/24	0.95 mi	Ramsgate, Louth	3	Semi-Detached House
£795	05/24	1.01 mi	Arundel Drive, Louth. LN11 0HZ	3	Semi-Detached House
£750	05/24	1.01 mi	Priory Road, Louth	3	Detached House
£1,100	05/24	1.03 mi	High Holme Road, Louth	3	Bungalow
£850	05/24	1.12 mi	Chatsworth Drive, Louth	3	Detached House
£925	12/24	1.18 mi	Pasture Drive, Louth	3	Detached House
£875	05/24	1.22 mi	Old Chapel Mews, Louth, LN11	3	Flat

Local Area Statistics

Population in LN11	28,17928,179
Population in Louth	28,19728,197
Town centre distance	0.80 miles away0.80 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	13.25 miles away13.25 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+12%+12%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+9%+9%

Property History

Price changed to £500,000

January 15, 2025

Listed for £550,000

November 6, 2024

Description

A spacious detached house situated down a private lane on the outskirts of the town in the highly desirable west side of Louth. The property does require a scheme of modernisation but enjoys attractive views across the adjoining Louth Golf course and Hubbard's Hills beyond and has great potential to provide the ideal family home. EPC rating tbc. No onward chain.

Agent Details

John Taylors, Louth

01507 307697

Next Steps?

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