5 Bed Detached House, Single Let, Louth, LN11 8HH, £375,000

Carlton Road, Manby, LN11 8HH - 2 months ago

BTL

~178 m²

ValuationOvervalued

Sold Prices	£245K - £585K
Sold Prices/m²	£1.2K/m² - £2.1K/m²

Square Metres	~178.28 m²
Price/m²	£2.1K/m²
Value Estimate	£298,223£298,223

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£93,750£93,750
Stamp Duty & Legal Fees	£28,700£28,700
Total Cash In	£122,450£122,450

Cash Out
Rent Range	£650 - £1,500£650 - £1,500
Rent Estimate	£725
Running Costs/mo	£1,337£1,337
Cashflow/mo	£-612£-612
Cashflow/yr	£-7,342£-7,342
Gross Yield	2%2%

Local Sold Prices

5 sold prices from £245K to £585K, average is £280K. £1.2K/m² to £2.1K/m², average is £1.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£275K	01/21	0.08 mi	4, Meteor Road, Manby, Louth, Lincolnshire LN11 8UB	£1,708	161	5	Detached House
£585K	02/23	0.11 mi	Beeches, Carlton Road, Manby, Louth, Lincolnshire LN11 8UF	£2,074	282	5	Detached House
£245K	04/23	0.11 mi	Oak Lodge, Carlton Road, Manby, Louth, Lincolnshire LN11 8UF	£1,237	198	5	Detached House
£280K	11/20	1.07 mi	Hall Farm Cottage, Glebe Road, Great Carlton, Louth, Lincolnshire LN11 8JX	£1,637	171	5	Detached House
£570K	08/23	2.59 mi	14, Manor Park, Legbourne, Louth, Lincolnshire LN11 8NH	-	-	5	Detached House

Local Rents

7 rents from £650/mo to £1.5K/mo, average is £1K/mo.

Rent	Date	Distance	Address	Beds	Type
£750	02/23	0.22 mi	-	3	Bungalow
£1,000	06/24	0.57 mi	Spinney Close, Grimoldby, LN11 8SY	3	Bungalow
£650	05/24	0.63 mi	Little Carlton, Louth	1	Detached House
£800	12/24	0.75 mi	-	3	Semi-Detached House
£1,500	06/24	2.32 mi	-	3	Semi-Detached House
£1,200	04/25	2.32 mi	-	3	Semi-Detached House
£1,500	05/24	2.32 mi	Main Street, Gayton Le Marsh, Alford, LN13	3	Semi-Detached House

Local Area Statistics

Population in LN11	28,17928,179
Population in Louth	28,19728,197
Town centre distance	4.38 miles away4.38 miles away
Nearest school	0.50 miles away0.50 miles away
Nearest train station	14.96 miles away14.96 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 £375,000

February 3, 2025

Floor Plans

Description

3000 sq ft Detached House +
1/3 Acre Secluded Plot +
Cosmetic Improvement Needed +
Lounge, Sitting Room & Garden Room +
Kitchen Diner & Utility Room +
Five Double Bedrooms +
En Suite & Shower Room +
Double Integral Garage +
Brick Workshop +
13 Solar Panels to Roof & Air Source Heat Pump +

Large family home sat on a secluded plot of approx. 1/3 acre, the property offers lots of potential and is in need of cosmetic refurbishment throughout, which would make it a superb family home. The 3000 sqft accommodation briefly comprises entrance hall, lounge, sitting room, dining room, kitchen, utility room, cloakroom wc, five bedrooms, en suite bathroom and shower room. Double integral garage and workshop. Please note the property benefits from 13 newly installed solar panels to the roof and a brand new Air Source Heat Pump system with full set of radiators. Viewing is highly recommended to fully appreciate what this property has to offer. EPC rating: F. 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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