4 Bed Semi-Detached House, Single Let, Louth, LN11 0TH, £270,000

Church Lane, Utterby, LN11 0TH - 2 months ago

BTL

~129 m²

+7 photos

ValuationFair Value

Sold Prices	£130K - £600K
Sold Prices/m²	£1.5K/m² - £3.4K/m²

Square Metres	~129.26 m²
Price/m²	£2.1K/m²
Value Estimate	£272,662£272,662

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£67,500£67,500
Stamp Duty & Legal Fees	£10,300£10,300
Total Cash In	£77,800£77,800

Cash Out
Rent Range	£895 - £2,500£895 - £2,500
Rent Estimate	£895
Running Costs/mo	£1,043£1,043
Cashflow/mo	£-148£-148
Cashflow/yr	£-1,773£-1,773
Gross Yield	4%4%

Local Sold Prices

15 sold prices from £130K to £600K, average is £383.5K. £1.5K/m² to £3.4K/m², average is £2.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£470K	06/21	0 mi	Field House, Church Lane, Utterby, Louth, Lincolnshire LN11 0TH	£1,950	241	4	Detached House
£203K	11/23	0.2 mi	6, Queens Close, Utterby, Louth, Lincolnshire LN11 0TT	£2,183	93	4	Semi-Detached House
£350K	02/23	0.23 mi	2, Jacobs Close, Utterby, Louth, Lincolnshire LN11 0GJ	-	-	4	Detached House
£400K	02/23	0.24 mi	Woodbine Cottage, Grange Lane, Utterby, Louth, Lincolnshire LN11 0TS	£3,390	118	4	Detached House
£240K	03/21	0.49 mi	The Posthouse, Main Road, Utterby, Louth, Lincolnshire LN11 0TP	-	-	4	Terraced House
£442K	11/20	1.19 mi	Little Gables, Church Lane, Fotherby, Louth, Lincolnshire LN11 0UH	£2,167	204	4	Terraced House
£435K	04/23	1.48 mi	Birches, Ludborough Park, Ludborough, Grimsby, Lincolnshire DN36 5SN	£3,107	140	4	Detached House
£600K	11/23	1.58 mi	Ash Tree House, Livesey Road, Ludborough, Grimsby, Lincolnshire DN36 5SF	-	-	4	Detached House
£130K	01/21	1.65 mi	The Bungalow, Little Grimsby Lane, Fotherby, Louth, Lincolnshire LN11 0UT	-	-	4	Detached House
£425K	12/20	2.22 mi	2, Dickens Beck Lane, Covenham St Mary, Louth, Lincolnshire LN11 0PU	£1,476	288	4	Detached House
£383.5K	01/21	2.3 mi	Newbridge House, Newbridge Lane, Covenham St Mary, Louth, Lincolnshire LN11 0PQ	£1,918	200	4	Detached House
£390K	01/21	2.75 mi	Kingfisher Lodge, Northway, Fulstow, Louth, Lincolnshire LN11 0XH	£1,970	198	4	Detached House
£275K	11/20	2.75 mi	The Orchards, Northway, Fulstow, Louth, Lincolnshire LN11 0XH	£2,052	134	4	Detached House
£310K	06/21	2.76 mi	19, Casswell Crescent, Fulstow, Louth, Lincolnshire LN11 0XJ	£2,864	108	4	Detached House
£320K	03/23	2.76 mi	17, Casswell Crescent, Fulstow, Louth, Lincolnshire LN11 0XJ	-	-	4	Detached House

Local Rents

3 rents from £895/mo to £2.5K/mo, average is £2.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£895	12/24	0.69 mi	-	2	Semi-Detached House
£2,500	05/24	2.25 mi	Brakenborough, Louth	4	Detached House
£2,500	05/24	2.25 mi	Brakenborough, Louth	4	Detached House

Local Area Statistics

Population in LN11	28,17928,179
Population in Louth	28,19728,197
Town centre distance	3.71 miles away3.71 miles away
Nearest school	1.20 miles away1.20 miles away
Nearest train station	9.81 miles away9.81 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 £270,000

January 27, 2025

Description

Extended Semi Detached House +
Popular Village Location +
Lounge & Dining Room +
Kitchen & Utility Room +
Cloakroom & Study +
Four Bedrooms +
Family Bathroom +
Garage & Driveway +
Front & Rear Gardens +

Viewing is invited on this extended semi detached house located on a quiet lane within this popular village. The property has a good sized mature plot and benefits from uPVC double glazing and LPG gas central heating system. The well planned family sized accommodation briefly comprises entrance hall, cloakroom wc, lounge, dining room, kitchen, utility room, study, landing, four bedrooms and family bathroom. Lawned front and rear gardens. Extensive driveway and double garage. EPC rating: D. Tenure: Freehold,

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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