4 Bed Detached House, Refurb/BRRR, Louth, LN11 0QR, £495,000

Lincoln Road, South Elkington, Louth, LN11 0QR - 5 months ago

Refurb/BRRR
~129 m²
+15 photos

ValuationOvervalued

Sold Prices£115K - £620K
Sold Prices/m²£1.1K/m² - £5.3K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.8K/m²

Value Estimate

£240,195

 

 

End Value (After Refurb)

£404,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£123,750

Stamp Duty & Legal Fees

£28,300

Refurb Costs

£52,400

Bridging Loan Interest

£12,994

Total Cash In

£219,194

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£404,000

Mortgage (After Refinance)

£303,000

Mortgage LTV

75%

Cash Left In

£219,194

Equity

£101,000

Rent Range

£750 - £1,500

Rent Estimate

£684

Running Costs/mo

£1,419

Cashflow/mo

£-735

Cashflow/yr

£-8,824

Gross Yield

2%

Local Sold Prices

51 sold prices from £115K to £620K, average is £317K. £1.1K/m² to £5.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£620K11/200.74 mi54, St Marys Lane, Louth, Lincolnshire LN11 0DT4
£317K02/210.74 mi24, St Marys Lane, Louth, Lincolnshire LN11 0DT4
£460K09/210.75 mi1, St Marys Park, Louth, Lincolnshire LN11 0EF4
£505K07/230.75 mi46, St Marys Park, Louth, Lincolnshire LN11 0EF4
£575K12/230.75 mi1, St Marys Park, Louth, Lincolnshire LN11 0EF4
£495K11/220.83 mi6, St Marys Park, Louth, Lincolnshire LN11 0EF4
£600K10/230.91 mi17, Horncastle Road, Louth, Lincolnshire LN11 9LB4
£600K10/230.91 mi17, Horncastle Road, Louth, Lincolnshire LN11 9LB4
£235K12/200.96 mi82, Grimsby Road, Louth, Lincolnshire LN11 0DZ4
£445K09/210.96 mi12, Blue Stone Rise, Louth, Lincolnshire LN11 9XZ4
£357K03/211.01 mi3, Hill Rise, Louth, Lincolnshire LN11 0YY4
£330K09/211.01 mi2, Hill Rise, Louth, Lincolnshire LN11 0YY4
£392.5K03/211.07 mi13, St James View, Louth, Lincolnshire LN11 9XY4
£290K09/211.07 mi3, Quarryside, Louth, Lincolnshire LN11 9JE4
£195K07/211.07 mi12, Cedar Close, Louth, Lincolnshire LN11 0EH4
£320K10/211.1 mi21, High Holme Road, Louth, Lincolnshire LN11 0EX4
£370K05/231.1 mi21, High Holme Road, Louth, Lincolnshire LN11 0EX4
£295K11/201.11 mi3, Kiln Lane, Louth, Lincolnshire LN11 0LG4
£240K03/211.14 mi52, High Holme Road, Louth, Lincolnshire LN11 0EY4
£385K04/231.29 mi35, Linden Walk, Louth, Lincolnshire LN11 9HT4
£245K10/211.3 mi84, Newmarket, Louth, Lincolnshire LN11 9EQ4
£118K10/201.35 mi123, Church Street, Louth, Lincolnshire LN11 9DE4
£375K06/231.45 mi13, Robinson Lane, Louth, Lincolnshire LN11 9FB4
£340K06/231.48 mi11, Davey Close, Louth, Lincolnshire LN11 0AB4
£302K02/211.5 mi20, Pippin Close, Louth, Lincolnshire LN11 9FF4
£160.5K03/211.52 mi43, Watts Lane, Louth, Lincolnshire LN11 9DG4
£185K03/211.56 mi34, Brackenborough Road, Louth, Lincolnshire LN11 0AE4
£470K09/231.6 mi30, Victoria Road, Louth, Lincolnshire LN11 0BX4
£435K06/211.65 miVale End, Lincoln Road, Welton Le Wold, Louth, Lincolnshire LN11 0QS4
£252.5K09/231.66 mi3, Spire View Road, Louth, Lincolnshire LN11 8SL4
£465K10/221.66 mi4, Kenwick Pastures, Louth, Lincolnshire LN11 8EE4
£275K05/231.67 mi3, Anthony Crescent, Louth, Lincolnshire LN11 0AY4
£315K12/201.67 mi1a, Mayfield Crescent, Louth, Lincolnshire LN11 8EQ4
£335K11/231.67 mi1, Mayfield Crescent, Louth, Lincolnshire LN11 8EQ4
£115K10/201.67 mi1, Jubilee Crescent, Louth, Lincolnshire LN11 0AL4
£260K12/201.68 mi36, Kenwick Road, Louth, Lincolnshire LN11 8EG4
£395K06/211.68 mi50, Kenwick Road, Louth, Lincolnshire LN11 8EG4
£191K01/211.71 mi22, Amanda Drive, Louth, Lincolnshire LN11 0AZ4
£257K06/231.71 mi14, Florence Wright Avenue, Louth, Lincolnshire LN11 8EJ4
£125K11/201.71 mi19, Keddington Crescent, Louth, Lincolnshire LN11 0AP4
£250K10/221.75 mi9, Alder Close, Louth, Lincolnshire LN11 8XB4
£320K08/231.76 mi57, Keddington Road, Louth, Lincolnshire LN11 0BA4
£190K03/231.77 mi34, Riverhead, Louth, Lincolnshire LN11 0DD4
£445K09/231.78 mi6, Beck Way, Louth, Lincolnshire LN11 8XH4
£312K01/231.8 mi19, Eastfield Road, Louth, Lincolnshire LN11 7AJ4
£176K10/201.81 mi4, Mallard Ings, Louth, Lincolnshire LN11 0FD4
£245K03/211.82 mi9, Kenwick Close, Louth, Lincolnshire LN11 8EP4
£241K05/211.82 mi12, Kenwick Close, Louth, Lincolnshire LN11 8EP4
£305K11/211.85 mi28, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£320K11/231.85 mi3, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£415K11/221.85 mi64, Eresbie Road, Louth, Lincolnshire LN11 8YG4

Local Rents

10 rents from £750/mo to £1.5K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,00005/240.37 miLincoln Road/St Marys, Louth3
£1,50005/240.69 miButtercup Lane, Louth4
£1,00006/240.71 miSt. Marys Lane, Louth3
£1,14509/240.75 mi-4
£1,35005/240.84 miWestfield Park , Louth4
£1,10005/240.89 miHorncastle Road, Louth3
£85005/240.93 miGospelgate, Louth3
£79505/240.93 miGospelgate, Louth3
£75005/241.05 miNichol Hill, Louth, LN113
£79505/241.11 miArundel Drive, Louth. LN11 0HZ3

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

1.10 miles away

Nearest school

0.90 miles away

Nearest train station

12.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £495,000

November 16, 2024

Floor Plans

Description

  • Characterful 1950s period home +
  • Beautiful, elevated setting close to Louth (1.6 miles) +
  • Extensive outbuildings inc fuel store, external laundry, gardeners WC, gardeners store +
  • Sweeping treelined driveway +
  • Treetop views of the surrounding Wolds countryside +
  • 4 double bedrooms +
  • 3 attractive reception rooms +
  • Great potential for extension/annexe conversion (STP) +
  • Garden Room overlooking mature, well kept gardens +
  • Two garages and external parking space +

With a foot in the town and a foot in the countryside, this hidden gem of a 1950s home is nestled in the treetops, within walking distance of Louth town centre (1.6 Miles). This 4 bedroom house has been lovingly held in the same family since 1983 and is now in need of some refurbishment, offering fantastic potential for improvement and possible extension (STP) to create a characterful home with many period features and a beautiful setting.

The house and its outbuildings extend to 2272 sqft, providing a Kitchen and Pantry, Living Room, Dining Room and Garden Room together with a ground floor WC and 4 double bedrooms. In addition, the house boasts a good range of garaging and store rooms with a covered, interconnecting passage offering potential for extension to the living accommodation or to create an annexe (STP).

The house is approached via a sweeping, treelined driveway (part shared) to a parking area which is flanked by the lawned gardens and mature shrub planting.

To the rear, the house peacefully overlooks mature pasture and to the front enjoys an elevated view through the treetops with views of the rolling Wolds hills beyond.

Agent Details

Masons Sales, Louth

01507 308524

Next Steps?

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