3 Bed Detached House, Single Let, Louth, LN11 7NL, £325,000

Warrenside, North Somercotes, LN11 7NL - 3 months ago

BTL
~93 m²
+22 photos

ValuationOvervalued

Sold Prices£128K - £450K
Sold Prices/m²£1.8K/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£235,036

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£15,500

Total Cash In

£96,750

 

 

Cash Out

 

Rent Range

£550 - £750

Rent Estimate

£584

Running Costs/mo

£1,152

Cashflow/mo

£-568

Cashflow/yr

£-6,821

Gross Yield

2%

Local Sold Prices

23 sold prices from £128K to £450K, average is £275K. £1.8K/m² to £3.9K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£260K09/210.1 mi37, Woolpack Meadows, North Somercotes, Louth, Lincolnshire LN11 7QG3
£210K06/230.1 mi32, Woolpack Meadows, North Somercotes, Louth, Lincolnshire LN11 7QG3
£182K02/210.15 miThe Old Mill, Willerton Road, North Somercotes, Louth, Lincolnshire LN11 7NH3
£365K12/220.36 miSomers, Somerfield Drive, North Somercotes, Louth, Lincolnshire LN11 7GA3
£195K12/220.4 mi19, Evison Way, North Somercotes, Louth, Lincolnshire LN11 7PE3
£450K03/230.42 miShelton House, Wembley Road, North Somercotes, Louth, Lincolnshire LN11 7NP3
£195K11/220.48 miAloha, Keeling Street, North Somercotes, Louth, Lincolnshire LN11 7PR3
£278K03/230.57 miMayfair, Jubilee Road, North Somercotes, Louth, Lincolnshire LN11 7LH3
£210K07/230.57 mi2, Jubilee Road, North Somercotes, Louth, Lincolnshire LN11 7LH3
£230K04/230.57 mi8, Jubilee Road, North Somercotes, Louth, Lincolnshire LN11 7LH3
£350K07/230.9 miThe Gables, Bank End, North Somercotes, Louth, Lincolnshire LN11 7LN3
£270K01/210.9 miBracken Wood, Bank End, North Somercotes, Louth, Lincolnshire LN11 7LN3
£420K02/241.39 miWillow Holt, Marsh Lane, North Somercotes, Louth, Lincolnshire LN11 7PD3
£281K01/242.15 miPeartree Cottage, Louth Road, South Somercotes, Louth, Lincolnshire LN11 7BW3
£306.5K12/222.15 miSpring Cottage, Louth Road, South Somercotes, Louth, Lincolnshire LN11 7BW3
£220K02/232.16 miRedcote, Warren Road, Saltfleet, Louth, Lincolnshire LN11 7RU3
£350K07/232.39 miMorning Light, Main Road, Saltfleet, Louth, Lincolnshire LN11 7RN3
£292.5K04/212.45 miSea View House, The Hill, Saltfleet, Louth, Lincolnshire LN11 7RJ3
£400K11/232.66 miConifer Drive, Main Road, Saltfleet, Louth, Lincolnshire LN11 7SB3
£275K02/232.69 mi1, Whyalla Close, Grainthorpe, Louth, Lincolnshire LN11 7JQ3
£128K02/212.71 mi16, Chapel Lane, Grainthorpe, Louth, Lincolnshire LN11 7HZ3
£255K02/232.73 mi5, Stapes Garth, Grainthorpe, Louth, Lincolnshire LN11 7FD3
£330K10/212.96 miCharis, Wragholme Road, Grainthorpe, Louth, Lincolnshire LN11 7JD3

Local Rents

8 rents from £550/mo to £750/mo, average is £623/mo.

RentDateDistanceAddressBeds 
£75003/240.09 mi-3
£59512/240.17 mi-2
£59510/240.17 mi-2
£55003/250.21 mi-2
£55003/250.21 mi-2
£69501/252.35 mi-2
£72501/252.35 mi-2
£65006/242.35 mi-2

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

8.19 miles away

Nearest school

0.30 miles away

Nearest train station

10.71 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 £325,000

February 12, 2025

Listed for £335,000

January 27, 2025

Floor Plans

Description

  • Charming Detached Property +
  • Approximately Half an Acre Plot +
  • Accessed Via a Quiet Private Lane +
  • Popular Coastal Village Location +
  • Three Double Bedrooms +
  • Modern Refurbished Kitchen +
  • Two Reception Rooms +
  • Ground Floor Bathroom +
  • Large Workshop +
  • No Onward Chain +

Welcome to this charming detached property, located in a peaceful coastal village. Nestled on a quiet private lane, this wonderful home offers tranquillity and convenience with nearby schools and local amenities at your doorstep. This delightful property features three double bedrooms, perfect for a growing family or for hosting guests. The ground floor houses one of these spacious bedrooms, offering versatility and easy accessibility. The heart of the home is undoubtedly its modern, recently refurbished kitchen. Fitted with up-to-date appliances, it makes for a delightful space to cook, this kitchen will surely cater to all your culinary needs. This charming home offers not one, but two spacious reception rooms—ideal spaces for relaxation, entertainment, or even work. The second reception room is particularly inviting, with a cosy fireplace and patio doors leading to the garden. Imagine curling up by the fire on a chilly evening or opening the doors on a sunny day to let the outside in! A large corner bath is the highlight of the bathroom—perfect for unwinding after a long day. Set on half an acre, this property offers ample outdoor space for gardening enthusiasts or those who enjoy outdoor entertainment or those looking for space to home those chickens or even goats! Aswell as benefitting from a large workshop and brick built stable. Overall, this property is a gem—offering a blend of comfort, modern living, and the peaceful serenity of coastal village life. It's waiting for you to make it your own! The property is currently for sale. Don't miss this opportunity to own a piece of tranquillity. Tenure: Freehold,

Agent Details

Lovelle, Grimsby

01472 404571

Next Steps?

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