3 Bed Bungalow, Single Let, Louth, LN11 0TS, £330,000

Grange Lane, Utterby, LN11 0TS - 2 months ago

BTL

~93 m²

+8 photos

ValuationOvervalued

Sold Prices	£140K - £355K
Sold Prices/m²	£1.7K/m² - £3.3K/m²

Square Metres	~93 m²
Price/m²	£3.5K/m²
Value Estimate	£215,688£215,688

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£82,500£82,500
Stamp Duty & Legal Fees	£15,100£15,100
Total Cash In	£97,600£97,600

Cash Out
Rent Range	£895 - £2,500£895 - £2,500
Rent Estimate	£895
Running Costs/mo	£1,230£1,230
Cashflow/mo	£-335£-335
Cashflow/yr	£-4,023£-4,023
Gross Yield	3%3%

Local Sold Prices

14 sold prices from £140K to £355K, average is £236.3K. £1.7K/m² to £3.3K/m², average is £2.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£220K	04/21	0.14 mi	Ivy Cottage, Main Road, Utterby, Louth, Lincolnshire LN11 0TQ	£2,115	104	3	Detached House
£200K	06/21	0.14 mi	St Helens, Holywell Lane, Utterby, Louth, Lincolnshire LN11 0TU	-	-	3	Detached House
£250K	03/23	0.15 mi	The Forge, Main Road, Utterby, Louth, Lincolnshire LN11 0TQ	£3,289	76	3	Detached House
£182K	09/21	0.24 mi	Field View, Church Lane, Utterby, Louth, Lincolnshire LN11 0TH	£2,304	79	3	Semi-Detached House
£355K	05/21	0.4 mi	West View, Main Road, Utterby, Louth, Lincolnshire LN11 0TP	£2,305	154	3	Detached House
£320K	06/21	1.56 mi	Mayfield, Main Road, Fotherby, Louth, Lincolnshire LN11 0TD	£2,783	115	3	Detached House
£247K	06/23	1.82 mi	The Timbers, Ings Lane, Covenham St Mary, Louth, Lincolnshire LN11 0PJ	-	-	3	Detached House
£355K	03/24	1.82 mi	Ashby, Ings Lane, Covenham St Mary, Louth, Lincolnshire LN11 0PJ	£1,732	205	3	Bungalow
£320K	09/23	1.91 mi	Peartree Cottage, Main Road, Covenham St Bartholomew, Louth, Lincolnshire LN11 0PF	£3,107	103	3	Detached House
£140K	11/21	2.52 mi	7, Northway, Fulstow, Louth, Lincolnshire LN11 0XH	£2,333	60	3	Semi-Detached House
£160K	02/21	2.53 mi	8, Casswell Crescent, Fulstow, Louth, Lincolnshire LN11 0XJ	£1,778	90	3	Semi-Detached House
£235K	09/23	2.64 mi	Charlies, King Street, Yarburgh, Louth, Lincolnshire LN11 0PN	£2,938	80	3	Detached House
£237.5K	04/21	2.97 mi	1, Mumby Close, North Thoresby, Grimsby, Lincolnshire DN36 5RL	£2,241	106	3	Detached House
£225K	09/21	2.97 mi	2, Mumby Close, North Thoresby, Grimsby, Lincolnshire DN36 5RL	£3,125	72	3	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	0.8 mi	-	2	Semi-Detached House
£2,500	05/24	2.38 mi	Brakenborough, Louth	4	Detached House
£2,500	05/24	2.38 mi	Brakenborough, Louth	4	Detached House

Local Area Statistics

Population in LN11	28,17928,179
Population in Louth	28,19728,197
Town centre distance	3.84 miles away3.84 miles away
Nearest school	1.20 miles away1.20 miles away
Nearest train station	9.63 miles away9.63 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 £330,000

January 27, 2025

Floor Plans

Description

Spacious detached bungalow +
Quiet Village Location +
No forward chain involved +
Neutrally decorated throughout +
Lounge diner +
Breakfast kitchen & utility room +
Three double bedrooms +
Modern Bathroom +
Extensive In/Out Driveway +
Private Rear Garden +

Viewing is highly recommended on this deceptively spacious bungalow, located on a quiet lane within this popular village location. This superb property is decorated throughout in a neutral scheme and benefits from uPVC double glazing and gas central heating. The spacious and well planned accommodation briefly comprises entrance hall, lounge diner, breakfast kitchen, utility room, three double bedrooms and bathroom. Nice sized plot with in/out driveway and private rear garden. This property is being sold with no forward chain. 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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