2 Bed Flat, Single Let, Louth, LN11 0FD, £115,000

Mallard Ings, Louth, LN11 0FD - 2 months ago

Leasehold

BTL

ROI: 2%

~68 m²

+5 photos

ValuationFair Value

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

Square Metres	~68.11 m²
Price/m²	£1.7K/m²
Value Estimate	£115,294£115,294

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£28,750£28,750
Stamp Duty & Legal Fees	£6,950£6,950
Total Cash In	£35,700£35,700

Cash Out
Rent Range	£550 - £875£550 - £875
Rent Estimate	£550
Running Costs/mo	£489£489
Cashflow/mo	£61£61
Cashflow/yr	£728£728
ROI	2%2%
Gross Yield	6%6%

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
£92K	06/21	0 mi	13, Mallard Ings, Louth, Lincolnshire LN11 0FD	-	-	2	Flat
£98K	03/23	0 mi	13, Mallard Ings, Louth, Lincolnshire LN11 0FD	-	-	2	Flat
£110K	11/22	0 mi	11, Mallard Ings, Louth, Lincolnshire LN11 0FD	-	-	2	Flat
£113.5K	03/22	0.04 mi	8, Canal Close, Louth, Lincolnshire LN11 0FH	-	-	2	Flat
£107K	03/22	0.04 mi	8a, Canal Close, Louth, Lincolnshire LN11 0FH	-	-	2	Flat
£82K	12/20	0.16 mi	1, Forlander Place, Louth, Lincolnshire LN11 7WA	£1,439	57	2	Flat
£104K	06/23	0.16 mi	4, Forlander Place, Louth, Lincolnshire LN11 7WA	£1,857	56	2	Flat
£144K	10/21	0.32 mi	2a, Brackenborough Road, Louth, Lincolnshire LN11 0AE	-	-	2	Flat
£115.5K	01/22	0.54 mi	2, James Court, Louth, Lincolnshire LN11 0JY	£1,885	61	2	Flat
£117.5K	03/21	0.55 mi	10, James Court, Louth, Lincolnshire LN11 0JY	£1,655	71	2	Flat
£112K	04/21	0.55 mi	3, James Court, Louth, Lincolnshire LN11 0JY	£1,804	62	2	Flat
£120K	01/21	0.61 mi	65, Mount Pleasant, Louth, Lincolnshire LN11 9DW	£1,481	81	2	Flat
£80K	03/21	0.67 mi	8, Spring Court, Louth, Lincolnshire LN11 9PR	£1,618	49	2	Flat
£129K	11/23	0.68 mi	2, Spring Court, Louth, Lincolnshire LN11 9PR	£2,434	53	2	Flat
£110K	03/23	0.71 mi	23b, Northgate, Louth, Lincolnshire LN11 0LT	£1,487	74	2	Flat
£105K	02/22	0.76 mi	15, Northgate Court, Louth, Lincolnshire LN11 0LZ	-	-	2	Flat
£85.5K	06/23	0.82 mi	91, Aswell Street, Louth, Lincolnshire LN11 9HW	£1,693	51	2	Flat
£120K	08/23	0.86 mi	199, Newmarket, Louth, Lincolnshire LN11 9EJ	£1,872	64	2	Flat
£60K	08/21	0.89 mi	Top Flat, 54, Upgate, Louth, Lincolnshire LN11 9EX	-	-	2	Flat
£215K	06/21	0.96 mi	4a, School House Lane, Louth, Lincolnshire LN11 9AQ	-	-	2	Flat

Local Rents

22 rents from £550/mo to £875/mo, average is £625/mo.

Rent	Date	Distance	Address	Beds	Type
£600	12/24	0.14 mi	Old School Court, Eastfield Road, Louth	2	Flat
£550	05/24	0.15 mi	3 Waterside Mews Eastgate Louth LN11 8DD	2	Flat
£625	05/24	0.23 mi	Commercial Road, Louth	2	House
£695	05/24	0.36 mi	Harveys Lane, Louth. LN11 8BP	2	Flat
£800	05/24	0.39 mi	18 Conker Grove Louth LN11 7BY	2	Detached House
£650	06/24	0.4 mi	Parsons Halt, Louth	2	Detached House
£875	06/24	0.41 mi	Monks Dyke Road, Louth	2	Semi-Detached House
£625	06/24	0.42 mi	7 Newbridge Court Newbridge Hill Louth LN11 0NQ	2	Flat
£675	05/24	0.43 mi	Plover Grove, Louth, LN11	2	Flat
£675	01/25	0.43 mi	-	2	Bungalow
£745	12/24	0.43 mi	-	2	Bungalow
£550	04/24	0.43 mi	-	2	Flat
£600	03/25	0.44 mi	-	2	Flat
£775	03/25	0.45 mi	-	2	Terraced House
£625	05/24	0.46 mi	Ramsgate Louth LN11 0NE	2	Detached House
£595	05/24	0.46 mi	Bridge View, Ramsgate, Louth. LN11 0NE	2	Flat
£550	06/24	0.47 mi	Leakes Row, Louth	2	Terraced House
£650	05/24	0.49 mi	Priory Road, Louth	2	Terraced House
£565	12/24	0.52 mi	James Street, Louth	2	Terraced House
£650	12/24	0.56 mi	-	2	Flat
£575	05/24	0.61 mi	Eastgate, Louth, LN11	2	Flat
£575	05/24	0.61 mi	Eastgate, Louth, LN11	2	Flat

Local Area Statistics

Population in LN11	28,17928,179
Population in Louth	28,19728,197
Town centre distance	0.72 miles away0.72 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	13.18 miles away13.18 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

Price changed to £115,000

February 28, 2025

Listed for £118,000

January 27, 2025

Floor Plans

Description

Beautifully Presented Apartment +
Ideal First Time Buy or Investment +
Lounge Diner & Kitchen +
Master Bedroom & En Suite +
Further Double Bedroom +
Modern Bathroom +
Allocated Parking Space +
Allocated Parking Space +

We are delighted to offer for sale this stunning and stylish first floor two bedroom apartment, located in a sought after residential area. The well planned and spacious accommodation briefly comprises: communal entrance hall, entrance hall, lounge diner, kitchen, master bedroom with en suite shower room, further double bedroom and modern bathroom. Allocated parking space. EPC rating: C. Tenure: Leasehold,

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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