8 Bed Terraced House, Planning Permission, Louth, LN11 9QA, £275,000

Cornmarket, Louth, LN11 9QA - 5 months ago

Sold STC
Planning
~248 m²
+46 photos

ValuationUndervalued

Sold Prices£125K - £620K
Sold Prices/m²£1.4K/m² - £5.3K/m²

 

 

Square Metres

~248 m²
Price/m²£1.1K/m²

Value Estimate

£341,000
BMV24%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Total Cash In

£79,450

 

 

Cash Out

 

Rent Range

£750 - £1,500

Rent Estimate

£750

Running Costs/mo

£1,029

Cashflow/mo

£-279

Cashflow/yr

£-3,352

Gross Yield

3%

Local Sold Prices

49 sold prices from £125K to £620K, average is £320K. £1.4K/m² to £5.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£195K07/210.2 mi12, Cedar Close, Louth, Lincolnshire LN11 0EH4
£295K11/200.21 mi3, Kiln Lane, Louth, Lincolnshire LN11 0LG4
£290K09/210.27 mi3, Quarryside, Louth, Lincolnshire LN11 9JE4
£320K10/210.29 mi21, High Holme Road, Louth, Lincolnshire LN11 0EX4
£370K05/230.29 mi21, High Holme Road, Louth, Lincolnshire LN11 0EX4
£240K03/210.29 mi52, High Holme Road, Louth, Lincolnshire LN11 0EY4
£495K11/220.32 mi6, St Marys Park, Louth, Lincolnshire LN11 0EF4
£600K10/230.32 mi17, Horncastle Road, Louth, Lincolnshire LN11 9LB4
£600K10/230.32 mi17, Horncastle Road, Louth, Lincolnshire LN11 9LB4
£445K09/210.32 mi12, Blue Stone Rise, Louth, Lincolnshire LN11 9XZ4
£317K02/210.34 mi24, St Marys Lane, Louth, Lincolnshire LN11 0DT4
£620K11/200.34 mi54, St Marys Lane, Louth, Lincolnshire LN11 0DT4
£392.5K03/210.35 mi13, St James View, Louth, Lincolnshire LN11 9XY4
£245K10/210.36 mi84, Newmarket, Louth, Lincolnshire LN11 9EQ4
£505K07/230.38 mi46, St Marys Park, Louth, Lincolnshire LN11 0EF4
£575K12/230.38 mi1, St Marys Park, Louth, Lincolnshire LN11 0EF4
£460K09/210.38 mi1, St Marys Park, Louth, Lincolnshire LN11 0EF4
£385K04/230.42 mi35, Linden Walk, Louth, Lincolnshire LN11 9HT4
£375K06/230.47 mi13, Robinson Lane, Louth, Lincolnshire LN11 9FB4
£302K02/210.5 mi20, Pippin Close, Louth, Lincolnshire LN11 9FF4
£235K12/200.53 mi82, Grimsby Road, Louth, Lincolnshire LN11 0DZ4
£160.5K03/210.54 mi43, Watts Lane, Louth, Lincolnshire LN11 9DG4
£330K09/210.55 mi2, Hill Rise, Louth, Lincolnshire LN11 0YY4
£357K03/210.55 mi3, Hill Rise, Louth, Lincolnshire LN11 0YY4
£470K09/230.64 mi30, Victoria Road, Louth, Lincolnshire LN11 0BX4
£252.5K09/230.65 mi3, Spire View Road, Louth, Lincolnshire LN11 8SL4
£340K06/230.68 mi11, Davey Close, Louth, Lincolnshire LN11 0AB4
£185K03/210.7 mi34, Brackenborough Road, Louth, Lincolnshire LN11 0AE4
£335K11/230.77 mi1, Mayfield Crescent, Louth, Lincolnshire LN11 8EQ4
£315K12/200.77 mi1a, Mayfield Crescent, Louth, Lincolnshire LN11 8EQ4
£190K03/230.79 mi34, Riverhead, Louth, Lincolnshire LN11 0DD4
£312K01/230.79 mi19, Eastfield Road, Louth, Lincolnshire LN11 7AJ4
£250K10/220.82 mi9, Alder Close, Louth, Lincolnshire LN11 8XB4
£395K06/210.82 mi50, Kenwick Road, Louth, Lincolnshire LN11 8EG4
£260K12/200.82 mi36, Kenwick Road, Louth, Lincolnshire LN11 8EG4
£257K06/230.82 mi14, Florence Wright Avenue, Louth, Lincolnshire LN11 8EJ4
£125K11/200.83 mi19, Keddington Crescent, Louth, Lincolnshire LN11 0AP4
£320K08/230.85 mi57, Keddington Road, Louth, Lincolnshire LN11 0BA4
£465K10/220.85 mi4, Kenwick Pastures, Louth, Lincolnshire LN11 8EE4
£445K09/230.85 mi6, Beck Way, Louth, Lincolnshire LN11 8XH4
£275K05/230.89 mi3, Anthony Crescent, Louth, Lincolnshire LN11 0AY4
£191K01/210.93 mi22, Amanda Drive, Louth, Lincolnshire LN11 0AZ4
£415K11/220.94 mi64, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£305K11/210.95 mi28, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£320K11/230.95 mi3, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£242.5K02/230.95 mi26, Elm Drive, Louth, Lincolnshire LN11 0DQ4
£350K10/230.96 mi7, Langley Close, Louth, Lincolnshire LN11 8YP4
£192.5K03/210.97 mi123, Eastfield Road, Louth, Lincolnshire LN11 7AS4
£255K03/210.99 mi6, Blanchard Road, Louth, Lincolnshire LN11 8YH4

Local Rents

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

RentDateDistanceAddressBeds 
£75005/240.06 miNichol Hill, Louth, LN113
£85005/240.15 miGospelgate, Louth3
£79505/240.15 miGospelgate, Louth3
£75005/240.3 miRamsgate, Louth3
£1,10005/240.34 miHorncastle Road, Louth3
£1,00006/240.36 miSt. Marys Lane, Louth3
£75005/240.39 miPriory Road, Louth3
£1,10005/240.42 miHigh Holme Road, Louth3
£1,40006/240.42 miLinden Walk, Louth, LN115
£1,14509/240.46 mi-4
£1,50005/240.47 miButtercup Lane, Louth4
£1,35005/240.5 miWestfield Park , Louth4
£87505/240.57 miOld Chapel Mews, Louth, LN113
£79505/240.58 miArundel Drive, Louth. LN11 0HZ3
£85005/240.59 miSeymour Avenue, Louth3
£85005/240.6 miChatsworth Drive, Louth3

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.20 miles away

Nearest school

0.20 miles away

Nearest train station

13.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £275,000

December 3, 2024

Floor Plans

Description

Meteor Homes are delighted to offer for sale this extremely rare opportunity to purchase this large premises, superbly positioned in the prime conservation area of Louth. This former solicitor premises, built in the 1900`s occupies a prominent position on Cornmarket and provides an excellent opportunity in a popular Market Town. This grade II listed property now has Planning Permission granted for 8 apartments in total. Four to the ground floor, including a newly built addition which is to be constructed in the former courtyard to the rear of the property. There are to also be three apartments to the first floor, along with a further apartment on the second floor.

The planning permission reference: N/105/02079/23. A full copy of the planning consent and plans of the proposed development are available upon request.
The site is available to purchase with the property for a total asking price of £275.000

Location:
Louth is a prosperous Lincolnshire market town situated approximately 14 miles south of Grimsby, and 22 miles north- east of Lincoln. The A16 is immediately west of the town and provides access to Grimsby, to the north and Boston, Spalding and Peterborough to the south. The property is situated on Cornmarket within the town centre of Louth and a short walk away from St James Church. Occupiers close by include NatWest, Café Nero, Lloyds Bank and Boots

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

METEOR HOMES, Grimsby

01472 404453

Next Steps?

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