4 Bed Bungalow, Refurb/BRRR, Louth, LN11 9EE, £300,000

76 Tudor Drive, Louth, LN11 9EE - 4 months ago

Cash
Refurb/BRRR
145 m²
+24 photos

ValuationFair Value

Sold Prices£118K - £620K
Sold Prices/m²£1.1K/m² - £5.3K/m²

 

 

Square Metres

145 m²
Price/m²£2.1K/m²

Value Estimate

£299,667

 

 

End Value (After Refurb)

£340,369

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£58,782

Bridging Loan Interest

£7,875

Total Cash In

£156,107

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£340,369

Mortgage (After Refinance)

£255,277

Mortgage LTV

75%

Cash Released

£30,277

Cash Left In

£125,830

Equity

£85,092

Rent Range

£750 - £1,500

Rent Estimate

£951

Running Costs/mo

£1,274

Cashflow/mo

£-323

Cashflow/yr

£-3,874

Gross Yield

4%

Local Sold Prices

40 sold prices from £118K to £620K, average is £316K. £1.1K/m² to £5.3K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£465K10/220.18 mi4, Kenwick Pastures, Louth, Lincolnshire LN11 8EE4
£395K06/210.19 mi50, Kenwick Road, Louth, Lincolnshire LN11 8EG4
£260K12/200.19 mi36, Kenwick Road, Louth, Lincolnshire LN11 8EG4
£335K11/230.2 mi1, Mayfield Crescent, Louth, Lincolnshire LN11 8EQ4
£315K12/200.2 mi1a, Mayfield Crescent, Louth, Lincolnshire LN11 8EQ4
£257K06/230.23 mi14, Florence Wright Avenue, Louth, Lincolnshire LN11 8EJ4
£385K04/230.26 mi35, Linden Walk, Louth, Lincolnshire LN11 9HT4
£250K10/220.3 mi9, Alder Close, Louth, Lincolnshire LN11 8XB4
£118K10/200.3 mi123, Church Street, Louth, Lincolnshire LN11 9DE4
£160.5K03/210.31 mi43, Watts Lane, Louth, Lincolnshire LN11 9DG4
£245K10/210.33 mi84, Newmarket, Louth, Lincolnshire LN11 9EQ4
£445K09/230.33 mi6, Beck Way, Louth, Lincolnshire LN11 8XH4
£245K03/210.33 mi9, Kenwick Close, Louth, Lincolnshire LN11 8EP4
£241K05/210.33 mi12, Kenwick Close, Louth, Lincolnshire LN11 8EP4
£375K06/230.34 mi13, Robinson Lane, Louth, Lincolnshire LN11 9FB4
£302K02/210.35 mi20, Pippin Close, Louth, Lincolnshire LN11 9FF4
£305K11/210.37 mi28, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£320K11/230.37 mi3, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£415K11/220.37 mi64, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£255K03/210.42 mi6, Blanchard Road, Louth, Lincolnshire LN11 8YH4
£350K10/230.42 mi7, Langley Close, Louth, Lincolnshire LN11 8YP4
£252.5K09/230.43 mi3, Spire View Road, Louth, Lincolnshire LN11 8SL4
£392.5K03/210.44 mi13, St James View, Louth, Lincolnshire LN11 9XY4
£290K09/210.47 mi3, Quarryside, Louth, Lincolnshire LN11 9JE4
£217K11/200.47 mi11, Stutte Close, Louth, Lincolnshire LN11 8YN4
£315K02/210.47 mi6, Stutte Close, Louth, Lincolnshire LN11 8YN4
£445K09/210.54 mi12, Blue Stone Rise, Louth, Lincolnshire LN11 9XZ4
£600K10/230.6 mi17, Horncastle Road, Louth, Lincolnshire LN11 9LB4
£600K10/230.6 mi17, Horncastle Road, Louth, Lincolnshire LN11 9LB4
£295K11/200.85 mi3, Kiln Lane, Louth, Lincolnshire LN11 0LG4
£195K07/210.86 mi12, Cedar Close, Louth, Lincolnshire LN11 0EH4
£240K03/210.92 mi52, High Holme Road, Louth, Lincolnshire LN11 0EY4
£320K10/210.93 mi21, High Holme Road, Louth, Lincolnshire LN11 0EX4
£370K05/230.93 mi21, High Holme Road, Louth, Lincolnshire LN11 0EX4
£454.9K05/210.95 miSouthfield House, Legbourne Road, Louth, Lincolnshire LN11 8LQ4
£312K01/230.96 mi19, Eastfield Road, Louth, Lincolnshire LN11 7AJ4
£317K02/210.97 mi24, St Marys Lane, Louth, Lincolnshire LN11 0DT4
£620K11/200.97 mi54, St Marys Lane, Louth, Lincolnshire LN11 0DT4
£495K11/220.98 mi6, St Marys Park, Louth, Lincolnshire LN11 0EF4
£470K09/231 mi30, Victoria Road, Louth, Lincolnshire LN11 0BX4

Local Rents

26 rents from £750/mo to £1.5K/mo, average is £863/mo.

RentDateDistanceAddressBeds 
£85005/240.09 miSeymour Avenue, Louth3
£92512/240.25 miPasture Drive, Louth3
£1,40006/240.26 miLinden Walk, Louth, LN115
£85005/240.48 miBuddlela Drive, Alexander Park, Louth3
£92505/240.51 miLavender Way, Louth3
£90012/240.51 mi-3
£1,10005/240.62 miHorncastle Road, Louth3
£75005/240.62 miPriory Road, Louth3
£85005/240.67 miGospelgate, Louth3
£79505/240.67 miGospelgate, Louth3
£75005/240.7 miRamsgate, Louth3
£75005/240.73 miNichol Hill, Louth, LN113
£87505/240.83 miOld Chapel Mews, Louth, LN113
£85005/240.84 mi-3
£85006/240.84 miBroadley Crescent, Louth, LN113
£75005/240.85 miSt. Bernards Avenue, Louth3
£75006/240.85 miSt. Bernards Avenue, Louth3
£1,10005/240.97 miHigh Holme Road, Louth3
£1,00006/240.98 miSt. Marys Lane, Louth3
£1,20006/241.09 miAcorn Avenue, Louth, LN114
£1,50005/241.11 miButtercup Lane, Louth4
£1,14509/241.13 mi-4
£1,00005/241.14 miLincoln Road/St Marys, Louth3
£1,35005/241.18 miWestfield Park , Louth4
£85005/241.22 mi-3
£85005/241.23 miChatsworth Drive, Louth3

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.84 miles away

Nearest school

0.50 miles away

Nearest train station

14.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £300,000

November 26, 2024

Floor Plans

Description

  • Detached House +
  • Four Bedrooms (One Ensuite) +
  • Kitchen +
  • Living Room +
  • Dining Room +
  • Bathroom +
  • Downstairs WC +
  • Garage +
  • Gardens +
  • In Need Of Modernisation +

Choice Properties are delighted to bring to market this stunning four bedroom detached house located on Tudor Drive situated in the thriving market town of Louth. To the interior, the property features a large kitchen, spacious living room, and a dining room with four double bedrooms, one with ensuite, and family bathroom upstairs. To the exterior, the property boasts a brick built single garage, driveway with space for up to two vehicles plus hard standing, and a fully enclosed private garden. The property also benefits from solar panels which generate a reasonable income for the property. In need of some modernisation and with no upper chain, early viewing is highly advised.

Hallway - 1.37m x 5.74m (4'6 x 18'10) - With UVPC entrance door. Staircase to first floor landing. Internal doors to all ground floor rooms. Understairs storage cupboard. Radiator. Power points. Telephone point.

Living Room - 3.51m x 6.91m (11'6 x 22'8) - Spacious living room with large UVPC double glazed window to front aspect. Gas fireplace with stone hearth and surround. Two radiators. Power points. Tv aerial point. UVPC door to garden.

Kitchen - 4.60m x 4.17m (15'1 x 13'8) - Fitted with a range of wall and base units with work surfaces over. One and a half bowl stainless steel sink with stainless steel mixer tap and drainer. Four ring gas hob with pull out extractor hood over. Two integral ovens. Integral dishwasher. Part tiled walls. Plumbing for washing machine. Consumer unit. Space for fridge freezer. Storage cupboard. Large UVPC double glazed window to rear aspect. Radiator. Power points. UVPC door leading towards garage.

Dining Room - 4.57m x 4.01m (15'0 x 13'2) - With dual aspect UVPC double glazed windows. Radiator. Power points.

Downstairs Wc - 1.68m x 0.91m (5'6 x 3'0) - Fitted with a pedestal wash hand basin with a tiled splashback and single taps, and a low level w.c. Vinyl flooring. Extractor fan.

Landing - 5.16m x 0.97m (16'11 x 3'2) - Access to loft via loft hatch. UVPC double glazed window to rear aspect. Radiator. Power points.

Bedroom 1 - 4.62m x 2.72m (15'2 x 8'11) - Double bedroom with fitted wardrobes and a large UVPC double glazed window to the rear aspect. Radiator. Power points. Door to:

Ensuite Shower Room - 1.73m x 1.14m (5'8 x 3'9) - Fitted with a fully tiled shower cubicle and a pedestal wash hand basin with a tiled splashback and single taps. Radiator. UVPC double glazed window to side aspect.

Bedroom 2 - 3.51m x 3.53m (11'6 x 11'7) - Double bedroom with fitted wardrobes and a fitted dressing table. Radiator. Power points. Large UVPC window to front aspect.

Bedroom 3 - 3.00m x 3.23m (9'10 x 10'7) - Small double bedroom with radiator, power points, and UVPC window to front aspect.

Bedroom 4 - 3.12m x 2.97m (10'3 x 9'9) - Small double bedroom with radiator, power points, and UVPC window to rear aspect.

Bathroom - 2.82m x 2.11m (9'3 x 6'11) - Fitted with a three piece suite comprising of panelled bath with shower over, low level WC and a pedestal wash hand basin with single taps. Part tiled walls. Storage cupboard housing hot water tank with fitted shelving. Wall mounted mirrored unit. Radiator. UVPC window to front aspect.

Garage - 3.56m x 5.33m (11'8 x 17'6) - Single brick built garage fitted with power and lighting and an up and over garage door. Pedestrian access door to the side leading towards kitchen. Gas boiler. Window to rear aspect.

Gardens - To the rear of the property is a fully enclosed garden comprising both a patio and a lawned area with fencing to the perimeter. The garden benefits from a range of plant life which adds a kaleidoscope of colour as well as a garden shed.

Driveway - Paved driveway plus hardstanding providing off the road parking space for up to two vehicles.

Tenure - Freehold.

Council Tax Band - Local Authority - East Lindsey District Council,
The Hub,
Mareham Road,
Horncastle,
Lincolnshire,
LN9 6PH
Tel. No.
Website:

Council Tax Band - According to the Valuation Office Agency Website the property is currently in Council Tax Band D. Amount payable 2024/25 - £2103.70

Viewing Arrangements - By appointment through Choice Properties on .

Opening Hours - Monday to Friday 9.00 a.m to 5.00 p.m.
Saturday 9.00 a.m. to 3.00 p.m.

Making An Offer - If you are interested in making an offer on this property please have a chat with us and we will be happy to start the negotiations for you. Under money laundering regulation we will ask you to provide us with formal photographic ID by way of either a passport or driving licence. If you are travelling from afar we would advise bringing this documentation with you just in case this home is perfect for you.
We would also like to make you aware that we will require details of your estate agents, proof of funds should you be a cash buyer and solicitors details, as this helps us to start the transaction quickly for you.

Agent Details

Choice Properties, Louth

01507 308529

Next Steps?

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