2 Bed Terraced House, Single Let, Louth, LN11 9DB, £150,000

62 St Peters Avenue, Cleethorpes, DN35 8HP - 2 months ago

BTL
124 m²
+10 photos

ValuationUndervalued

Sold Prices£73.5K - £336.5K
Sold Prices/m²£1K/m² - £5K/m²

 

 

Square Metres

124 m²
Price/m²£1.2K/m²

Value Estimate

£187,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£46,200

 

 

Cash Out

 

Rent Range

£425 - £775

Rent Estimate

£425

Running Costs/mo

£574

Cashflow/mo

£-149

Cashflow/yr

£-1,785

Gross Yield

3%

Local Sold Prices

51 sold prices from £73.5K to £336.5K, average is £127K. £1K/m² to £5K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£129.6K08/210.01 mi22, Ashley Road, Louth, Lincolnshire LN11 9DB2
£120K11/210.05 mi3, St Michaels Road, Louth, Lincolnshire LN11 9DA2
£122K12/230.05 mi1, St Michaels Road, Louth, Lincolnshire LN11 9DA2
£122K12/230.05 mi1, St Michaels Road, Louth, Lincolnshire LN11 9DA2
£109K06/210.07 mi55, Kidgate, Louth, Lincolnshire LN11 9BT2
£140K04/230.07 mi51, Kidgate, Louth, Lincolnshire LN11 9BT2
£133K11/200.07 mi51, Church Street, Louth, Lincolnshire LN11 9BZ2
£137K11/230.08 mi43, Newmarket, Louth, Lincolnshire LN11 9HR2
£100K03/210.1 mi46, Little Lane, Louth, Lincolnshire LN11 9DU2
£126K03/210.1 mi42, Little Lane, Louth, Lincolnshire LN11 9DU2
£136K03/230.1 mi46, Little Lane, Louth, Lincolnshire LN11 9DU2
£116K08/230.1 mi22, Little Lane, Louth, Lincolnshire LN11 9DU2
£112K01/240.1 mi26, Little Lane, Louth, Lincolnshire LN11 9DU2
£155K04/240.1 mi16, Little Lane, Louth, Lincolnshire LN11 9DU2
£105K11/200.1 mi78, Church Street, Louth, Lincolnshire LN11 9DD2
£91.5K07/210.1 mi82, Church Street, Louth, Lincolnshire LN11 9DD2
£118K11/210.11 mi117, Newmarket, Louth, Lincolnshire LN11 9EG2
£126K09/230.11 mi101, Newmarket, Louth, Lincolnshire LN11 9EG2
£95K06/210.11 mi50, Kidgate, Louth, Lincolnshire LN11 9BU2
£111K12/200.11 mi97, Newmarket, Louth, Lincolnshire LN11 9EG2
£185K09/230.11 mi56, Aswell Street, Louth, Lincolnshire LN11 9HP2
£85K09/210.13 mi117, Church Street, Louth, Lincolnshire LN11 9DE2
£124K06/210.13 mi22, Mount Pleasant, Louth, Lincolnshire LN11 9DR2
£189.9K09/230.15 mi37, Lee Street, Louth, Lincolnshire LN11 9HJ2
£145K11/200.16 mi13, Bramley Close, Louth, Lincolnshire LN11 9FE2
£135K01/210.16 mi17, Bramley Close, Louth, Lincolnshire LN11 9FE2
£127K07/210.16 mi27, Bramley Close, Louth, Lincolnshire LN11 9FE2
£160K06/230.16 mi20, Bramley Close, Louth, Lincolnshire LN11 9FE2
£150K07/230.16 mi27, Bramley Close, Louth, Lincolnshire LN11 9FE2
£122K09/210.17 mi18, Kidgate, Louth, Lincolnshire LN11 9HN2
£95K10/200.17 mi16b, Queen Street, Louth, Lincolnshire LN11 9AU2
£140K07/230.17 mi10, South Terrace, Louth, Lincolnshire LN11 9DF2
£97K10/210.21 mi1, Kidgate Mews, Louth, Lincolnshire LN11 9HA2
£153K05/230.22 mi114, Upgate, Louth, Lincolnshire LN11 9HG2
£108K02/210.23 mi4, Northgate Place, Louth, Lincolnshire LN11 0QL2
£194K11/200.23 mi33, Mount Pleasant, Louth, Lincolnshire LN11 9DW2
£250K06/230.23 mi29, Mount Pleasant, Louth, Lincolnshire LN11 9DW2
£165K10/200.23 mi6, South Street, Louth, Lincolnshire LN11 9JW2
£95K12/200.25 mi2, Priory Road, Louth, Lincolnshire LN11 9AL2
£87.5K05/230.25 mi8, Priory Road, Louth, Lincolnshire LN11 9AL2
£73.5K02/210.25 miChapel Cottage, Northgate, Louth, Lincolnshire LN11 0LY2
£280K12/230.25 mi9, Pippin Close, Louth, Lincolnshire LN11 9FF2
£242K03/240.25 mi7, Pippin Close, Louth, Lincolnshire LN11 9FF2
£139.9K02/210.25 mi1a, Little South Street, Louth, Lincolnshire LN11 9JR2
£128.5K11/230.25 mi8, Little South Street, Louth, Lincolnshire LN11 9JR2
£143K11/210.25 mi45, Tennyson Road, Louth, Lincolnshire LN11 9HZ2
£154K06/230.25 mi21, Tennyson Road, Louth, Lincolnshire LN11 9HZ2
£125K11/230.28 mi8, Watts Lane, Louth, Lincolnshire LN11 9DG2
£250K01/240.28 mi52, Watts Lane, Louth, Lincolnshire LN11 9DG2
£90K03/210.28 mi26, James Street, Louth, Lincolnshire LN11 0JW2
£336.5K03/240.28 mi2, Gospelgate Mews, Louth, Lincolnshire LN11 9JX2

Local Rents

42 rents from £425/mo to £775/mo, average is £600/mo.

RentDateDistanceAddressBeds 
£58005/240.05 miSt Michaels Road, Louth LN11 9DA2
£57505/240.06 miKidgate, Louth2
£65006/240.07 miKidgate, Louth2
£49505/240.07 miChurch Street, Louth, LN11 9BZ2
£49506/240.11 miChurch Street, Louth2
£62505/240.12 miThe Gatherums, Queen Street Place2
£67502/240.13 mi-2
£67503/250.13 mi-2
£42505/240.2 miEastgate, Louth2
£42506/240.2 miEastgate, Louth2
£60005/240.2 miMawers Yard, Kidgate, Louth2
£57505/240.21 miEastgate, Louth, LN112
£57505/240.21 miEastgate, Louth, LN112
£65012/240.21 mi-2
£62505/240.22 miUpgate, Louth2
£52010/240.23 mi-2
£67505/240.25 miLittle South Street, Louth, LN112
£65005/240.26 miPriory Road, Louth2
£59506/240.26 miBexon Court, Louth2
£57505/240.27 miNorthgate Court2
£57505/240.27 miNorthgate Court2
£75006/240.27 miRoyal Oak Court, Louth2
£54503/250.28 mi-2
£61505/240.29 miRoyal Oak Court, Louth LN11 9JA2
£57506/240.31 miGeorge Street, Louth2
£65005/240.31 miNorthgate Court, Louth. LN11 0LZ2
£56512/240.32 miJames Street, Louth2
£65005/240.33 mi-2
£64512/240.33 mi-2
£62505/240.34 miRamsgate Louth LN11 0NE2
£59505/240.34 miBridge View, Ramsgate, Louth. LN11 0NE2
£62506/240.4 mi7 Newbridge Court Newbridge Hill Louth LN11 0NQ2
£77505/240.4 miWestgate, Louth2
£65006/240.41 miParsons Halt, Louth2
£55004/240.42 mi-2
£60003/250.45 mi-2
£55012/240.47 mi-2
£62505/240.52 miCommercial Road, Louth2
£55006/240.58 miLeakes Row, Louth2
£55005/240.6 mi3 Waterside Mews Eastgate Louth LN11 8DD2
£65007/240.61 mi-2
£60012/240.62 miOld School Court, Eastfield Road, Louth2

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.39 miles away

Nearest school

0.10 miles away

Nearest train station

13.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £150,000

February 10, 2025

Floor Plans

Description

  • Spacious mid terrace home found in quiet position, just off Newmarket in Louth +
  • Two double bedrooms, plus dressing room/ en suite to the first floor +
  • Two reception rooms, fitted kitchen and shower room on ground floor +
  • Ideal first time buy, investment property or downsize / bolt hole +
  • Close to Louth centre and an abundance of amenities +
  • On street parking, full uPVC double glazing & gas central heating +
  • Private and low maintenance rear garden with storage shed. +
  • Energy performance certificate rating ; Council tax band A +

Tucked in this quiet cul de sac just off Newmarket and within easy access of Louth town centre and a wide range of amenities, is this smartly presented mid terrace home. Having the benefits of uPVC double glazing and gas central heating with combination boiler, the property is an ideal proposition for first time buyers, investors looking for a turn key buy to let, or anyone looking to downsize. The low maintenance living accommodation is comprised of: Entrance into lounge, sitting / dining room, modern fitted kitchen, ground floor shower room, two double bedrooms to the first floor, with an en suite leading off the rear of bedroom 1 , which is currently used as a dressing room and houses the combination gas boiler. Outside, a private and low maintenance garden comes equipped with a useful storage shed .

Agent Details

Crofts Estate Agents, Louth

01507 308526

Next Steps?

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