2 Bed Flat, Single Let, Louth, LN11 0FH, £127,500

Canal Close, Louth, LN11 0FH - 2 months ago

Leasehold

BTL

ROI: 1%

~68 m²

+6 photos

ValuationOvervalued

Sold Prices	£60K - £215K
Sold Prices/m²	£1.4K/m² - £2.4K/m²

Square Metres	~68.11 m²
Price/m²	£1.9K/m²
Value Estimate	£115,294£115,294

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£31,875£31,875
Stamp Duty & Legal Fees	£5,025£5,025
Total Cash In	£36,900£36,900

Cash Out
Rent Range	£550 - £875£550 - £875
Rent Estimate	£554
Running Costs/mo	£529£529
Cashflow/mo	£25£25
Cashflow/yr	£297£297
ROI	1%1%
Gross Yield	5%5%

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.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£113.5K	03/22	0 mi	8, Canal Close, Louth, Lincolnshire LN11 0FH	-	-	2	Flat
£107K	03/22	0 mi	8a, Canal Close, Louth, Lincolnshire LN11 0FH	-	-	2	Flat
£92K	06/21	0.04 mi	13, Mallard Ings, Louth, Lincolnshire LN11 0FD	-	-	2	Flat
£98K	03/23	0.04 mi	13, Mallard Ings, Louth, Lincolnshire LN11 0FD	-	-	2	Flat
£110K	11/22	0.04 mi	11, Mallard Ings, Louth, Lincolnshire LN11 0FD	-	-	2	Flat
£82K	12/20	0.19 mi	1, Forlander Place, Louth, Lincolnshire LN11 7WA	£1,439	57	2	Flat
£104K	06/23	0.19 mi	4, Forlander Place, Louth, Lincolnshire LN11 7WA	£1,857	56	2	Flat
£144K	10/21	0.35 mi	2a, Brackenborough Road, Louth, Lincolnshire LN11 0AE	-	-	2	Flat
£115.5K	01/22	0.58 mi	2, James Court, Louth, Lincolnshire LN11 0JY	£1,885	61	2	Flat
£117.5K	03/21	0.59 mi	10, James Court, Louth, Lincolnshire LN11 0JY	£1,655	71	2	Flat
£112K	04/21	0.59 mi	3, James Court, Louth, Lincolnshire LN11 0JY	£1,804	62	2	Flat
£120K	01/21	0.64 mi	65, Mount Pleasant, Louth, Lincolnshire LN11 9DW	£1,481	81	2	Flat
£80K	03/21	0.71 mi	8, Spring Court, Louth, Lincolnshire LN11 9PR	£1,618	49	2	Flat
£129K	11/23	0.71 mi	2, Spring Court, Louth, Lincolnshire LN11 9PR	£2,434	53	2	Flat
£110K	03/23	0.75 mi	23b, Northgate, Louth, Lincolnshire LN11 0LT	£1,487	74	2	Flat
£105K	02/22	0.8 mi	15, Northgate Court, Louth, Lincolnshire LN11 0LZ	-	-	2	Flat
£85.5K	06/23	0.86 mi	91, Aswell Street, Louth, Lincolnshire LN11 9HW	£1,693	51	2	Flat
£120K	08/23	0.9 mi	199, Newmarket, Louth, Lincolnshire LN11 9EJ	£1,872	64	2	Flat
£60K	08/21	0.93 mi	Top Flat, 54, Upgate, Louth, Lincolnshire LN11 9EX	-	-	2	Flat
£215K	06/21	1 mi	4a, School House Lane, Louth, Lincolnshire LN11 9AQ	-	-	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£600	12/24	0.17 mi	Old School Court, Eastfield Road, Louth	2	Flat
£550	05/24	0.19 mi	3 Waterside Mews Eastgate Louth LN11 8DD	2	Flat
£625	05/24	0.27 mi	Commercial Road, Louth	2	House
£695	05/24	0.35 mi	Harveys Lane, Louth. LN11 8BP	2	Flat
£800	05/24	0.38 mi	18 Conker Grove Louth LN11 7BY	2	Detached House
£875	06/24	0.42 mi	Monks Dyke Road, Louth	2	Semi-Detached House
£775	03/25	0.43 mi	-	2	Terraced House
£675	05/24	0.44 mi	Plover Grove, Louth, LN11	2	Flat
£675	01/25	0.44 mi	-	2	Bungalow
£650	06/24	0.44 mi	Parsons Halt, Louth	2	Detached House
£745	12/24	0.44 mi	-	2	Bungalow
£625	06/24	0.46 mi	7 Newbridge Court Newbridge Hill Louth LN11 0NQ	2	Flat
£550	04/24	0.47 mi	-	2	Flat
£600	03/25	0.47 mi	-	2	Flat
£625	05/24	0.5 mi	Ramsgate Louth LN11 0NE	2	Detached House
£595	05/24	0.5 mi	Bridge View, Ramsgate, Louth. LN11 0NE	2	Flat
£550	06/24	0.51 mi	Leakes Row, Louth	2	Terraced House
£650	05/24	0.52 mi	Priory Road, Louth	2	Terraced House
£565	12/24	0.56 mi	James Street, Louth	2	Terraced House
£650	12/24	0.6 mi	-	2	Flat

Local Area Statistics

Population in LN11	28,17928,179
Population in Louth	28,19728,197
Town centre distance	0.75 miles away0.75 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	13.16 miles away13.16 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+12%+12%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+9%+9%

Property History

Listed for £127,500

January 27, 2025

Floor Plans

Description

Modern Apartment Living +
Second Floor Flat +
Lounge With Juliet Balcony +
Kitchen +
Two Bedrooms +
Bathroom & Ensuite +
Well Maintained Communal Areas +
Garage & Parking Space +
Views Over Louth Canal +
Ample Visitor Parking +

Welcome to this charming second floor apartment, now listed for sale! Nestled in a modern development by the enchanting Louth Canal Walk, this neutrally decorated home is ready to welcome its new owners. Boasting two bedrooms, this property provides ample space. The first bedroom is a generous double, complete with a convenient en-suite for a touch of added luxury. The second bedroom is also a double, offering plenty of room to relax and unwind after a long day. The kitchen is fitted with modern appliances and is open through to the delightful reception room. Here, you can enjoy the stunning views over Louth Canal from your very own Juliet balcony. The property also offers a rare opportunity to acquire an apartment with a garage and dedicated parking spot, adding to the convenience of this delightful home. In essence, this property offers a blend of comfort and style in a sought-after location. It's the perfect place to create beautiful memories. Don't miss out on this unique opportunity to make this lovely flat your new home. Tenure: Leasehold, Service charge description: contributes towards up keep of communal areas, external areas and building insurance,

Agent Details

Lovelle, Grimsby

01472 404571

Next Steps?

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

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