5 Bed Detached House, Single Let, Louth, LN11 7DT, £485,000

The Riverbank, Louth, LN11 7DT - 3 months ago

BTL

~178 m²

+10 photos

ValuationOvervalued

Sold Prices	£151K - £675K
Sold Prices/m²	£1.2K/m² - £2.4K/m²

Square Metres	~178.28 m²
Price/m²	£2.7K/m²
Value Estimate	£384,582£384,582

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£121,250£121,250
Stamp Duty & Legal Fees	£27,500£27,500
Total Cash In	£148,750£148,750

Cash Out
Rent Range	£700 - £1,200£700 - £1,200
Rent Estimate	£743
Running Costs/mo	£1,684£1,684
Cashflow/mo	£-941£-941
Cashflow/yr	£-11,295£-11,295
Gross Yield	2%2%

Local Sold Prices

9 sold prices from £151K to £675K, average is £540K. £1.2K/m² to £2.4K/m², average is £2.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£430K	06/23	0.26 mi	209, Eastgate, Louth, Lincolnshire LN11 8DD	£1,438	299	5	Semi-Detached House
£200K	04/21	0.56 mi	222, Eastgate, Louth, Lincolnshire LN11 9AG	£1,220	164	5	Terraced House
£540K	04/21	0.88 mi	Rivendell, Stewton Lane, Louth, Lincolnshire LN11 8RZ	£1,418	381	5	Detached House
£151K	04/21	1.07 mi	21, Grimsby Road, Louth, Lincolnshire LN11 0ED	£2,157	70	5	Terraced House
£635K	03/21	1.1 mi	40, Westgate, Louth, Lincolnshire LN11 9YD	£2,352	270	5	Detached House
£552K	06/21	1.38 mi	20, Horncastle Road, Louth, Lincolnshire LN11 9LD	£2,257	245	5	Terraced House
£415K	09/21	2.52 mi	Carosel, Peppin Lane, Fotherby, Louth, Lincolnshire LN11 0UW	-	-	5	Detached House
£675K	10/23	2.52 mi	The Oaks, Peppin Lane, Fotherby, Louth, Lincolnshire LN11 0UW	£2,344	288	5	Detached House
£570K	08/23	2.79 mi	14, Manor Park, Legbourne, Louth, Lincolnshire LN11 8NH	-	-	5	Detached House

Local Rents

14 rents from £700/mo to £1.2K/mo, average is £850/mo.

Rent	Date	Distance	Address	Beds	Type
£1,200	06/24	0.28 mi	Acorn Avenue, Louth, LN11	4	Detached House
£750	05/24	0.28 mi	St. Bernards Avenue, Louth	3	Semi-Detached House
£750	06/24	0.28 mi	St. Bernards Avenue, Louth	3	Semi-Detached House
£850	05/24	0.32 mi	-	3	Semi-Detached House
£850	06/24	0.32 mi	Broadley Crescent, Louth, LN11	3	Semi-Detached House
£850	05/24	0.36 mi	-	3	Semi-Detached House
£875	05/24	0.38 mi	Old Chapel Mews, Louth, LN11	3	Flat
£700	05/24	0.49 mi	Fulmar Drive, Louth. LN11 0ST	3	Flat
£735	05/24	0.5 mi	-	3	Terraced House
£825	03/25	0.5 mi	-	3	Terraced House
£875	05/24	0.51 mi	-	3	Semi-Detached House
£875	05/24	0.51 mi	Fulmar Drive, Louth, LN11	3	Semi-Detached House
£850	03/25	0.54 mi	-	3	Semi-Detached House
£750	05/24	0.6 mi	Priory Road, Louth	3	Detached House

Local Area Statistics

Population in LN11	28,17928,179
Population in Louth	28,19728,197
Town centre distance	0.85 miles away0.85 miles away
Nearest school	0.40 miles away0.40 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

Listed for £485,000

January 27, 2025

Floor Plans

Description

Stunning Detached Family Home +
Entrance Hall +
Spacious Lounge & Separate Study +
Gorgeous Open Plan Living Kitchen Diner +
Utility Room & Cloakroom WC +
Five Double Bedrooms +
Ensuite & Family Bathroom +
Attached Garage & Driveway +
Enclosed Rear Gardens +
Built In 2019 +

Built in 2019 this stunning five double bedroom detached family home is situated on a quiet executive development in the market town of Louth. The spacious property benefits from solar panels and uPVC double glazing throughout, the well planned and spacious accommodation briefly of comprises a entrance hall, lounge, study, open plan living kitchen diner, utility room, cloakroom WC, landing, five double bedrooms, en-suite and family bathroom. Ample off road parking and spacious garage. 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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