2 Bed Terraced House, Single Let, Louth, LN11 0FH, £155,000

Canal Close, Louth, LN11 0FH - 5 months ago

BTL
~56 m²
+8 photos

ValuationOvervalued

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

 

 

Square Metres

~55.50 m²
Price/m²£2.8K/m²

Value Estimate

£129,489

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£9,550

Total Cash In

£48,300

 

 

Cash Out

 

Rent Range

£550 - £875

Rent Estimate

£550

Running Costs/mo

£614

Cashflow/mo

£-64

Cashflow/yr

£-772

Gross Yield

4%

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 
£122.5K10/200.07 mi17, Riverhead, Louth, Lincolnshire LN11 0DD2
£94.5K04/210.07 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£100K01/210.08 mi1, Thames Street, Louth, Lincolnshire LN11 7AD2
£150K01/230.08 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£123.5K12/230.11 mi59, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£115K04/230.11 mi91, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£110K04/230.11 mi97, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£140K10/200.13 mi32, Elm Drive, Louth, Lincolnshire LN11 0DQ2
£209K04/230.13 mi32, Elm Drive, Louth, Lincolnshire LN11 0DQ2
£210K11/220.13 mi21, Christopher Close, Louth, Lincolnshire LN11 0BT2
£132.5K07/210.14 mi49, Eastfield Road, Louth, Lincolnshire LN11 7AJ2
£97.5K10/220.16 mi3, Lucern Court, Louth, Lincolnshire LN11 7BA2
£93K12/200.24 mi149, Eastfield Road, Louth, Lincolnshire LN11 7AS2
£220K03/210.24 mi179, Eastfield Road, Louth, Lincolnshire LN11 7AS2
£210K11/210.26 mi1, Lyndon Way, Louth, Lincolnshire LN11 0BH2
£140K02/210.26 mi46, Keddington Road, Louth, Lincolnshire LN11 0AU2
£145K09/210.26 mi34, Keddington Road, Louth, Lincolnshire LN11 0AU2
£126.5K10/230.26 mi20, Commercial Road, Louth, Lincolnshire LN11 7AB2
£210K03/240.29 mi5, Lyndon Crescent, Louth, Lincolnshire LN11 0BJ2
£153K03/240.3 mi31, Swallow Drive, Louth, Lincolnshire LN11 0DN2
£146.5K06/230.3 mi41, Swallow Drive, Louth, Lincolnshire LN11 0DN2
£260K04/230.32 mi5, Orchard Close, Louth, Lincolnshire LN11 0BS2
£170K03/230.35 mi181, Eastgate, Louth, Lincolnshire LN11 8DB2
£155K06/210.35 mi179, Eastgate, Louth, Lincolnshire LN11 8DB2
£168K04/230.35 mi183, Eastgate, Louth, Lincolnshire LN11 8DB2
£205K11/220.35 mi26, Station Approach, Louth, Lincolnshire LN11 0PS2
£144K10/210.36 mi2a, Brackenborough Road, Louth, Lincolnshire LN11 0AE2
£158K10/230.36 mi22, Brackenborough Road, Louth, Lincolnshire LN11 0AE2
£195K10/220.36 mi20, Station Approach, Louth, Lincolnshire LN11 0PS2
£222K04/210.37 mi5, Station Approach, Louth, Lincolnshire LN11 0PS2
£133K11/200.37 mi27, Station Approach, Louth, Lincolnshire LN11 0PS2
£138K10/200.37 mi19, Station Approach, Louth, Lincolnshire LN11 0PS2
£220K02/210.37 mi11, Station Approach, Louth, Lincolnshire LN11 0PS2
£130K12/200.37 mi16, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£125K04/210.37 mi18, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£130K04/210.37 mi11, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£150K10/200.37 mi22, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£160K04/240.37 mi5, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£139K05/230.38 mi53, Broadley Crescent, Louth, Lincolnshire LN11 8AN2
£140K08/230.38 mi44, Fulmar Drive, Louth, Lincolnshire LN11 0ST2
£184K11/200.38 mi68, Fulmar Drive, Louth, Lincolnshire LN11 0ST2
£168K07/210.41 mi105, Brackenborough Road, Louth, Lincolnshire LN11 0AD2
£112.5K12/200.41 mi18, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£120K03/230.41 mi1, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£205K01/240.41 mi61, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£225K04/230.43 mi105, Brackenborough Road, Louth, Lincolnshire LN11 0AD2
£295K06/230.46 mi99, Monks Dyke Road, Louth, Lincolnshire LN11 8DN2
£142.5K01/230.46 mi10, Cordeaux Close, Louth, Lincolnshire LN11 0GD2
£173K01/230.47 mi6, Bishops Close, Louth, Lincolnshire LN11 8BT2
£180K03/210.48 mi42, Priory Close, Louth, Lincolnshire LN11 9AS2

Local Rents

20 rents from £550/mo to £875/mo, average is £638/mo.

RentDateDistanceAddressBeds 
£60012/240.17 miOld School Court, Eastfield Road, Louth2
£55005/240.19 mi3 Waterside Mews Eastgate Louth LN11 8DD2
£62505/240.26 miCommercial Road, Louth2
£69505/240.38 miHarveys Lane, Louth. LN11 8BP2
£67505/240.41 miPlover Grove, Louth, LN112
£67501/250.41 mi-2
£80005/240.41 mi18 Conker Grove Louth LN11 7BY2
£74512/240.41 mi-2
£65006/240.42 miParsons Halt, Louth2
£87506/240.44 miMonks Dyke Road, Louth2
£62506/240.45 mi7 Newbridge Court Newbridge Hill Louth LN11 0NQ2
£55004/240.45 mi-2
£60003/250.45 mi-2
£77503/250.46 mi-2
£55006/240.48 miLeakes Row, Louth2
£62505/240.48 miRamsgate Louth LN11 0NE2
£59505/240.48 miBridge View, Ramsgate, Louth. LN11 0NE2
£65005/240.52 miPriory Road, Louth2
£56512/240.55 miJames Street, Louth2
£65012/240.59 mi-2

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.73 miles away

Nearest school

0.40 miles away

Nearest train station

13.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £155,000

November 18, 2024

Floor Plans

Description

  • Superb modern end link property located in sought after area of Louth +
  • Two allocated parking bays to the rear providing secure off road parking +
  • Private and low maintenance rear garden ideal for entertaining +
  • Cloakroom, spacious lounge and modern fitted kitchen on ground floor +
  • Two double bedrooms and modern shower room on first floor +
  • Ideal for first time buyers, or "turn key" buy to let investment +
  • Internal viewings are considered essential in order to appreciate this home +
  • Energy performance certificate rating C; Council tax band A +

This stunning MODERN two bedroom END LINK, lies in this popular development within easy access of Louth town centre an its abundance of amenities. Well presented throughout, the property has a PRIVATE REAR GARDEN and benefits from TWO ALLOCATED PARKING BAYS to the rear. Ideal for first time buyers or buy to let investment, this spacious property is comprised of : Entrance hallway, lounge, fitted kitchen dining room , two bedrooms and modern shower room suite. Outside there is a nice sized private and low maintenance rear garden ideal for entertaining and al fresco dining . There is a side access gate leading to the 2 parking bays to the rear

Agent Details

Crofts Estate Agents, Louth

01507 308526

Next Steps?

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