2 Bed Flat, Cash/Bridging Only, Louth, LN11 8DD, £110,000





ValuationFair Value
Sold Prices | £60K - £215K |
Sold Prices/m² | £1.4K/m² - £2.4K/m² |
| |
Square Metres | ~71.60 m² |
Price/m² | £1.5K/m² |
Value Estimate | £110,000 |
| |
End Value (After Refurb) | £154,569 |
Uplift in Value | +41% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £27,500 |
Stamp Duty & Legal Fees | £6,700 |
Refurb Costs | £29,026 |
Bridging Loan Interest | £2,888 |
Total Cash In | £67,864 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £154,569 |
Mortgage (After Refinance) | £115,927 |
Mortgage LTV | 75% |
Cash Released | £33,427 |
Cash Left In | £34,437 |
Equity | £38,642 |
Rent Range | £425 - £875 |
Rent Estimate | £617 |
Running Costs/mo | £626 |
Cashflow/mo | £-9 |
Cashflow/yr | £-113 |
Gross Yield | 7% |
Local Sold Prices
20 sold prices from £60K to £215K, average is £110K. £1.4K/m² to £2.4K/m², average is £1.7K/m².
Local Rents
31 rents from £425/mo to £875/mo, average is £600/mo.
Local Area Statistics
Population in LN11 | 28,179 |
Population in Louth | 28,197 |
Town centre distance | 0.62 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 13.32 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +12% |
Sales demand | Buyer's market |
Capital growth (5yrs) | +9% |
Property History
Price changed to £110,000
March 20, 2025
Listed for £120,000
November 28, 2024
Floor Plans

Description
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