4 Bed Semi-Detached House, Cash/Bridging Only, Louth, LN11 8AW, £195,000

19 Freer Gardens, Louth, LN11 8AW - 2 months ago

Cash
~129 m²
+20 photos

ValuationUndervalued

Sold Prices£115K - £470K
Sold Prices/m²£1.1K/m² - £5.3K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.5K/m²

Value Estimate

£201,950
BMV1%

 

 

End Value (After Refurb)

£268,307

Uplift in Value

+34%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£7,199

Refurb Costs

£52,400

Bridging Loan Interest

£5,119

Total Cash In

£115,217

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£268,307

Mortgage (After Refinance)

£201,230

Mortgage LTV

75%

Cash Released

£54,980

Cash Left In

£60,237

Equity

£67,077

Rent Range

£700 - £1,400

Rent Estimate

£879

Running Costs/mo

£1,034

Cashflow/mo

£-155

Cashflow/yr

£-1,863

Gross Yield

5%

Local Sold Prices

44 sold prices from £115K to £470K, average is £292.5K. £1.1K/m² to £5.3K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£252.5K09/230.36 mi3, Spire View Road, Louth, Lincolnshire LN11 8SL4
£312K01/230.41 mi19, Eastfield Road, Louth, Lincolnshire LN11 7AJ4
£192.5K03/210.45 mi123, Eastfield Road, Louth, Lincolnshire LN11 7AS4
£372K01/210.47 mi3, Abbey Park, Louth, Lincolnshire LN11 7BB4
£350K10/230.52 mi7, Langley Close, Louth, Lincolnshire LN11 8YP4
£250K10/220.52 mi9, Alder Close, Louth, Lincolnshire LN11 8XB4
£302K02/210.52 mi20, Pippin Close, Louth, Lincolnshire LN11 9FF4
£176K10/200.52 mi4, Mallard Ings, Louth, Lincolnshire LN11 0FD4
£445K09/230.52 mi6, Beck Way, Louth, Lincolnshire LN11 8XH4
£160.5K03/210.52 mi43, Watts Lane, Louth, Lincolnshire LN11 9DG4
£190K03/230.53 mi34, Riverhead, Louth, Lincolnshire LN11 0DD4
£217K11/200.54 mi11, Stutte Close, Louth, Lincolnshire LN11 8YN4
£315K02/210.54 mi6, Stutte Close, Louth, Lincolnshire LN11 8YN4
£375K06/230.56 mi13, Robinson Lane, Louth, Lincolnshire LN11 9FB4
£255K03/210.58 mi6, Blanchard Road, Louth, Lincolnshire LN11 8YH4
£415K11/220.58 mi64, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£305K11/210.59 mi28, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£320K11/230.59 mi3, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£335K11/230.61 mi1, Mayfield Crescent, Louth, Lincolnshire LN11 8EQ4
£315K12/200.61 mi1a, Mayfield Crescent, Louth, Lincolnshire LN11 8EQ4
£257K06/230.62 mi14, Florence Wright Avenue, Louth, Lincolnshire LN11 8EJ4
£470K09/230.64 mi30, Victoria Road, Louth, Lincolnshire LN11 0BX4
£242.5K02/230.66 mi26, Elm Drive, Louth, Lincolnshire LN11 0DQ4
£118K10/200.68 mi123, Church Street, Louth, Lincolnshire LN11 9DE4
£395K06/210.68 mi50, Kenwick Road, Louth, Lincolnshire LN11 8EG4
£260K12/200.68 mi36, Kenwick Road, Louth, Lincolnshire LN11 8EG4
£245K10/210.73 mi84, Newmarket, Louth, Lincolnshire LN11 9EQ4
£320K08/230.73 mi57, Keddington Road, Louth, Lincolnshire LN11 0BA4
£465K10/220.77 mi4, Kenwick Pastures, Louth, Lincolnshire LN11 8EE4
£385K04/230.78 mi35, Linden Walk, Louth, Lincolnshire LN11 9HT4
£125K11/200.79 mi19, Keddington Crescent, Louth, Lincolnshire LN11 0AP4
£245K03/210.79 mi9, Kenwick Close, Louth, Lincolnshire LN11 8EP4
£241K05/210.79 mi12, Kenwick Close, Louth, Lincolnshire LN11 8EP4
£185K03/210.84 mi34, Brackenborough Road, Louth, Lincolnshire LN11 0AE4
£115K10/200.9 mi1, Jubilee Crescent, Louth, Lincolnshire LN11 0AL4
£295K11/200.93 mi3, Kiln Lane, Louth, Lincolnshire LN11 0LG4
£340K06/230.94 mi11, Davey Close, Louth, Lincolnshire LN11 0AB4
£290K09/210.95 mi3, Quarryside, Louth, Lincolnshire LN11 9JE4
£240K03/210.95 mi52, High Holme Road, Louth, Lincolnshire LN11 0EY4
£195K07/210.96 mi12, Cedar Close, Louth, Lincolnshire LN11 0EH4
£320K10/210.98 mi21, High Holme Road, Louth, Lincolnshire LN11 0EX4
£370K05/230.98 mi21, High Holme Road, Louth, Lincolnshire LN11 0EX4
£392.5K03/210.99 mi13, St James View, Louth, Lincolnshire LN11 9XY4
£275K05/231 mi3, Anthony Crescent, Louth, Lincolnshire LN11 0AY4

Local Rents

29 rents from £700/mo to £1.4K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£85006/240.18 miBroadley Crescent, Louth, LN113
£85005/240.18 mi-3
£1,20006/240.34 miAcorn Avenue, Louth, LN114
£75005/240.39 miSt. Bernards Avenue, Louth3
£75006/240.39 miSt. Bernards Avenue, Louth3
£87505/240.51 miOld Chapel Mews, Louth, LN113
£75005/240.55 miPriory Road, Louth3
£92512/240.62 miPasture Drive, Louth3
£85005/240.66 miLouth Park Farms, Keddington, Louth. LN11 7HL3
£75005/240.67 miRamsgate, Louth3
£92505/240.68 miLavender Way, Louth3
£85005/240.68 miBuddlela Drive, Alexander Park, Louth3
£90012/240.69 mi-3
£85005/240.77 miSeymour Avenue, Louth3
£1,40006/240.78 miLinden Walk, Louth, LN115
£85005/240.79 mi-3
£1,10005/240.87 miHigh Holme Road, Louth3
£70005/240.92 miFulmar Drive, Louth. LN11 0ST3
£73505/240.93 mi-3
£82503/250.93 mi-3
£85003/250.93 mi-3
£75005/240.93 miNichol Hill, Louth, LN113
£87505/240.94 mi-3
£87505/240.94 miFulmar Drive, Louth, LN113
£85005/241.04 miGospelgate, Louth3
£79505/241.04 miGospelgate, Louth3
£85005/241.12 miChatsworth Drive, Louth3
£1,10005/241.14 miHorncastle Road, Louth3
£79505/241.22 miArundel Drive, Louth. LN11 0HZ3

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.93 miles away

Nearest school

0.20 miles away

Nearest train station

13.67 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 £195,000

March 8, 2025

Listed for £199,950

January 30, 2025

Floor Plans

Description

  • Semi-detached house +
  • Four bedrooms (three doubles) +
  • Two reception rooms +
  • Kitchen +
  • Wet room & W.c. +
  • Generously sized plot +
  • Outdoor store room +
  • No onward chain +
  • Viewing highly advised +

It is a pleasure for Choice Properties to bring to the market this expansive four bedroom semi-detached house situated on a generously sized plot and being offered with no onward chain. The property further benefits from two reception rooms, modern kitchen and ample potential to convert into a beautiful family home. Early viewing is most highly advised!

Hallway - 2.59m'' x 2.13m'' (8'6'' x 7'0'') - Staircase to the first floor with under stair storage space, door to reception room and kitchen.

Reception Room - 3.61m'' x 3.78m'' (11'10'' x 12'5'') - Feature fire set into bricked surround with wooden hearth., TV Aerial point, telephone.

Kitchen - 2.57m'' x 3.63m'' (8'5'' x 11'11'') - Fitted with a modern range and wall and base units with complimentary worksurfaces over, resin sink unit with drainer and mixer taps, integrated fridge/freezer, integral oven with four ring hob and featured extractor hood over, partly tiled walls, pedestrian door to the side aspect leading out to the garden, door to:-

Dining Room - 3.61m'' x 4.04m'' (11'10'' x 13'3'') - Abundantly light dining room providing ample space for a dining table.

Landing - With loft access.

Bedroom 1 - 3.18m'' x 4.42m'' (10'5'' x 14'6'') - Remarkably spacious double bedroom.

Bedroom 2 - 3.15m'' x 3.45m'' (10'4'' x 11'4'') - Remarkably spacious double bedroom.

Bedroom 3 - 3.10m'' x 3.12m'' (10'2'' x 10'3'') - Remarkably spacious double bedroom.

Bedroom 4 - 2.08m'' x 2.74m'1.22m' (6'10'' x 9''4'') - Single bedroom/Ideal office.

Wet Room - 1.50m'' x 1.47m'' (4'11'' x 4'10'') - Fitted with a three piece suite comprising 'wet room' style shower with shower over, pedestal wash hand basin with mixer taps, dual flush w.c., tiled splashbacks, extractor fan.

W.C. - 1.65m'' x 0.81m'' (5'5'' x 2'8'') - Fitted with dual flush w.c.

Store Room - 1.80m'' x 2.11m'' (5'11'' x 6'11'') - Bricked store providing further storage.

Garden - The property is fronted by a laid to lawn garden and features an abundance of plants, trees and shrubbery throughout. A timber gate to the front provides entry to the footpath and front entrance door. To the rear of the property you will find a generously sized garden which is made up of a variety of raised paved beds and is privately enclosed with fencing to the boundaries. A gate to the side of the property provides access to the front.

Council Tax Band - Local Authority - East Lindsey District Council,
The Hub,
Mareham Road,
Horncastle,
Lincolnshire,
LN9 6PH
Tel. No.
Website:

Council Tax Band - According to the Valuation Office Agency Website the property is currently in Council Tax Band A.

Making An Offer - If you are interested in making an offer on this property please have a chat with us and we will be happy to start the negotiations for you. Under money laundering regulation we will ask you to provide us with formal photographic ID by way of either a passport or driving licence. If you are travelling from afar we would advise bringing this documentation with you just in case this home is perfect for you.
We would also like to make you aware that we will require details of your estate agents, proof of funds should you be a cash buyer and solicitors details, as this helps us to start the transaction quickly for you.

Opening Hours - Monday to Friday 9.00 a.m to 5.00 p.m.
Saturday 9.00 a.m. to 3.00 p.m.

Viewing Arrangements - By appointment through Choice Properties on .

Agent Details

Choice Properties, Louth

01507 308529

Next Steps?

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