4 Bed Detached House, Refurb/BRRR, Louth, LN11 7SP, £220,000

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

Refurb/BRRR
~290 m²
+3 photos

ValuationUndervalued

Sold Prices£185K - £580K
Sold Prices/m²£1.8K/m² - £2.7K/m²

 

 

Square Metres

~289.70 m²
Price/m²£759/m²

Value Estimate

£226,600
BMV3%

 

 

End Value (After Refurb)

£515,022

Uplift in Value

+134%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£14,100

Refurb Costs

£117,442

Bridging Loan Interest

£5,775

Total Cash In

£194,067

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£515,022

Agent Fees (1%)

£5,150

Bridging Loan

£165,000

Bridging Loan Interest

£5,775

Flip Profit

£150,805

Local Sold Prices

8 sold prices from £185K to £580K, average is £317.5K. £1.8K/m² to £2.7K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£320K01/210.51 miOssington, Main Road, Saltfleetby, Louth, Lincolnshire LN11 7SS4
£185K03/210.51 miWoodlands, Main Road, Saltfleetby, Louth, Lincolnshire LN11 7SS4
£487.5K12/220.54 miThe Mallards, Main Road, Saltfleetby, Louth, Lincolnshire LN11 7SS4
£315K12/202.35 miThe Manse, Middlesykes Lane, Grimoldby, Louth, Lincolnshire LN11 8TE4
£580K12/202.36 miGreystones, Northgate Lane, Grimoldby, Louth, Lincolnshire LN11 8TG4
£315K09/212.37 mi13a, Meadow Close, Grimoldby, Louth, Lincolnshire LN11 8HY4
£340K12/222.4 miAnvil House, Manby Middlegate, Grimoldby, Louth, Lincolnshire LN11 8ST4
£247.5K09/212.55 mi2, Pleasance Way, Manby, Louth, Lincolnshire LN11 8HJ4

Local Rents

Not enough data

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

6.30 miles away

Nearest school

2.50 miles away

Nearest train station

14.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £220,000

February 12, 2025

Floor Plans

Description

  • Large detached cottage in large private plot in rural village of Saltfleetby +
  • Full renovation project offering fantastic potential for improvement and development +
  • Large mature grounds which include detached garage and workshop +
  • Flexible and very large living accommodation on offer on both floors +
  • 4 or 5 double bedrooms , depending on how the property is utilised. +
  • 3 or 4 reception rooms, plus very large single storey extension to the rear +
  • uPVC double glazing throughout. Offered for sale with no onward chain +
  • Energy performance certificate rating G; Council tax band C +

We are acting in the sale of the above property and have received an offer of £225,000. Any interested parties must submit any higher offers in writing to the selling agent before exchange of contracts takes place.This substantial detached cottage resides in this large private plot in the rural village of Saltfleetby. Offered for sale with NO FORWARD CHAIN, the property is in need of a complete programme of renovation works throughout, in order for it to realise its full potential. There is an additional detached garage / workshop in the grounds, as well as large area for parking multiple vehicles and could accommodate a large motor home. There is a huge rear ground floor extension which is unfinished and in need of cosmetic updating, internal viewings are essential in order to fully appreciate the sheer space on offer within this large family home which is priced for early sale and with the need for renovation in mind.

Agent Details

Crofts Estate Agents, Louth

01507 308526

Next Steps?

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