2 Bed Terraced House, Single Let, Louth, LN11 0DD, £120,000

21 Kennedy Way, Immingham, DN40 2AB - 1 views - 5 months ago

BTL
ROI: 1%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£93K - £295K
Sold Prices/m²£1.4K/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£148,800
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£37,200

 

 

Cash Out

 

Rent Range

£550 - £875

Rent Estimate

£550

Running Costs/mo

£505

Cashflow/mo

£45

Cashflow/yr

£540

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £93K to £295K, average is £148.3K. £1.4K/m² to £3.6K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£122.5K10/200.02 mi17, Riverhead, Louth, Lincolnshire LN11 0DD2
£94.5K04/210.02 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£150K01/230.04 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£100K01/210.06 mi1, Thames Street, Louth, Lincolnshire LN11 7AD2
£132.5K07/210.12 mi49, Eastfield Road, Louth, Lincolnshire LN11 7AJ2
£97.5K10/220.12 mi3, Lucern Court, Louth, Lincolnshire LN11 7BA2
£123.5K12/230.13 mi59, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£115K04/230.13 mi91, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£110K04/230.13 mi97, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£210K11/220.17 mi21, Christopher Close, Louth, Lincolnshire LN11 0BT2
£140K10/200.17 mi32, Elm Drive, Louth, Lincolnshire LN11 0DQ2
£209K04/230.17 mi32, Elm Drive, Louth, Lincolnshire LN11 0DQ2
£126.5K10/230.22 mi20, Commercial Road, Louth, Lincolnshire LN11 7AB2
£140K02/210.24 mi46, Keddington Road, Louth, Lincolnshire LN11 0AU2
£145K09/210.24 mi34, Keddington Road, Louth, Lincolnshire LN11 0AU2
£93K12/200.27 mi149, Eastfield Road, Louth, Lincolnshire LN11 7AS2
£220K03/210.27 mi179, Eastfield Road, Louth, Lincolnshire LN11 7AS2
£260K04/230.28 mi5, Orchard Close, Louth, Lincolnshire LN11 0BS2
£210K11/210.29 mi1, Lyndon Way, Louth, Lincolnshire LN11 0BH2
£170K03/230.3 mi181, Eastgate, Louth, Lincolnshire LN11 8DB2
£155K06/210.3 mi179, Eastgate, Louth, Lincolnshire LN11 8DB2
£168K04/230.3 mi183, Eastgate, Louth, Lincolnshire LN11 8DB2
£205K11/220.3 mi26, Station Approach, Louth, Lincolnshire LN11 0PS2
£153K03/240.31 mi31, Swallow Drive, Louth, Lincolnshire LN11 0DN2
£146.5K06/230.31 mi41, Swallow Drive, Louth, Lincolnshire LN11 0DN2
£195K10/220.32 mi20, Station Approach, Louth, Lincolnshire LN11 0PS2
£210K03/240.32 mi5, Lyndon Crescent, Louth, Lincolnshire LN11 0BJ2
£222K04/210.32 mi5, Station Approach, Louth, Lincolnshire LN11 0PS2
£133K11/200.32 mi27, Station Approach, Louth, Lincolnshire LN11 0PS2
£138K10/200.32 mi19, Station Approach, Louth, Lincolnshire LN11 0PS2
£220K02/210.32 mi11, Station Approach, Louth, Lincolnshire LN11 0PS2
£130K12/200.33 mi16, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£125K04/210.33 mi18, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£130K04/210.33 mi11, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£150K10/200.33 mi22, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£160K04/240.33 mi5, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£144K10/210.34 mi2a, Brackenborough Road, Louth, Lincolnshire LN11 0AE2
£158K10/230.34 mi22, Brackenborough Road, Louth, Lincolnshire LN11 0AE2
£139K05/230.36 mi53, Broadley Crescent, Louth, Lincolnshire LN11 8AN2
£112.5K12/200.37 mi18, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£120K03/230.37 mi1, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£205K01/240.37 mi61, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£140K08/230.39 mi44, Fulmar Drive, Louth, Lincolnshire LN11 0ST2
£184K11/200.39 mi68, Fulmar Drive, Louth, Lincolnshire LN11 0ST2
£168K07/210.4 mi105, Brackenborough Road, Louth, Lincolnshire LN11 0AD2
£225K04/230.42 mi105, Brackenborough Road, Louth, Lincolnshire LN11 0AD2
£295K06/230.42 mi99, Monks Dyke Road, Louth, Lincolnshire LN11 8DN2
£142.5K01/230.43 mi10, Cordeaux Close, Louth, Lincolnshire LN11 0GD2
£180K03/210.43 mi42, Priory Close, Louth, Lincolnshire LN11 9AS2
£170K04/230.43 mi10, Priory Close, Louth, Lincolnshire LN11 9AS2

Local Rents

22 rents from £550/mo to £875/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£60012/240.13 miOld School Court, Eastfield Road, Louth2
£55005/240.14 mi3 Waterside Mews Eastgate Louth LN11 8DD2
£62505/240.22 miCommercial Road, Louth2
£69505/240.37 miHarveys Lane, Louth. LN11 8BP2
£65006/240.38 miParsons Halt, Louth2
£62506/240.4 mi7 Newbridge Court Newbridge Hill Louth LN11 0NQ2
£67505/240.41 miPlover Grove, Louth, LN112
£67501/250.41 mi-2
£55004/240.41 mi-2
£74512/240.41 mi-2
£60003/250.41 mi-2
£80005/240.42 mi18 Conker Grove Louth LN11 7BY2
£87506/240.43 miMonks Dyke Road, Louth2
£62505/240.44 miRamsgate Louth LN11 0NE2
£59505/240.44 miBridge View, Ramsgate, Louth. LN11 0NE2
£55006/240.45 miLeakes Row, Louth2
£65005/240.47 miPriory Road, Louth2
£77503/250.47 mi-2
£56512/240.5 miJames Street, Louth2
£65012/240.54 mi-2
£57505/240.59 miEastgate, Louth, LN112
£57505/240.59 miEastgate, Louth, LN112

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.69 miles away

Nearest school

0.30 miles away

Nearest train station

13.18 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £120,000

November 7, 2024

Floor Plans

Description

  • End of terrace home located in popular position with close proximity to Louth centre +
  • 2 bedrooms, lounge, fitted kitchen and ground floor bathroom suite +
  • Well presented, low maintenance living accommodation throughout +
  • Private and quiet position accessed just off Riverhead with space for parking +
  • Ideal starter home for first time buyers or buy to let investment +
  • Full uPVC double glazing and gas central heating system +
  • Small, low maintenance courtyard garden to the rear, with garden to the front +
  • Energy performance certificate rating D; Council tax band A +

Tucked away in this private position within close proximity to Louth centre and a wide range of amenities is this tidy and well presented end of terrace home. Ideal for first time buyers, bolt hole or could be a turn key buy to let investment opportunity. Having full uPVC double glazing and gas central heating system, the property is briefly comprised of: Entrance porch, Lounge, fitted Kitchen, rear lobby, bathroom suite and two double bedrooms. There is a low maintenance garden to the front, which could also be used to park a small car , there is also space opposite . To the rear there is a small courtyard providing useful area for outside storage.

Agent Details

Crofts Estate Agents, Louth

01507 308526

Next Steps?

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