2 Bed Terraced House, Single Let, Louth, LN11 7AP, £120,000

77 Eastfield Road, Louth, LN11 7AP - 2 months ago

BTL
ROI: 2%
63 m²
+6 photos

ValuationUndervalued

Sold Prices£93K - £295K
Sold Prices/m²£1.4K/m² - £3.6K/m²

 

 

Square Metres

63 m²
Price/m²£1.9K/m²

Value Estimate

£146,782
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Total Cash In

£34,800

 

 

Cash Out

 

Rent Range

£550 - £875

Rent Estimate

£554

Running Costs/mo

£506

Cashflow/mo

£48

Cashflow/yr

£578

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £93K to £295K, average is £145.8K. £1.4K/m² to £3.6K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£123.5K12/230.01 mi59, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£115K04/230.01 mi91, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£110K04/230.01 mi97, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£100K01/210.1 mi1, Thames Street, Louth, Lincolnshire LN11 7AD2
£132.5K07/210.12 mi49, Eastfield Road, Louth, Lincolnshire LN11 7AJ2
£150K01/230.14 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£93K12/200.14 mi149, Eastfield Road, Louth, Lincolnshire LN11 7AS2
£220K03/210.14 mi179, Eastfield Road, Louth, Lincolnshire LN11 7AS2
£122.5K10/200.15 mi17, Riverhead, Louth, Lincolnshire LN11 0DD2
£94.5K04/210.15 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£97.5K10/220.17 mi3, Lucern Court, Louth, Lincolnshire LN11 7BA2
£140K10/200.2 mi32, Elm Drive, Louth, Lincolnshire LN11 0DQ2
£209K04/230.2 mi32, Elm Drive, Louth, Lincolnshire LN11 0DQ2
£210K11/220.22 mi21, Christopher Close, Louth, Lincolnshire LN11 0BT2
£139K05/230.29 mi53, Broadley Crescent, Louth, Lincolnshire LN11 8AN2
£126.5K10/230.3 mi20, Commercial Road, Louth, Lincolnshire LN11 7AB2
£210K11/210.35 mi1, Lyndon Way, Louth, Lincolnshire LN11 0BH2
£173K01/230.36 mi6, Bishops Close, Louth, Lincolnshire LN11 8BT2
£210K03/240.37 mi5, Lyndon Crescent, Louth, Lincolnshire LN11 0BJ2
£170K03/230.37 mi181, Eastgate, Louth, Lincolnshire LN11 8DB2
£155K06/210.37 mi179, Eastgate, Louth, Lincolnshire LN11 8DB2
£168K04/230.37 mi183, Eastgate, Louth, Lincolnshire LN11 8DB2
£140K02/210.37 mi46, Keddington Road, Louth, Lincolnshire LN11 0AU2
£145K09/210.37 mi34, Keddington Road, Louth, Lincolnshire LN11 0AU2
£153K03/240.41 mi31, Swallow Drive, Louth, Lincolnshire LN11 0DN2
£146.5K06/230.41 mi41, Swallow Drive, Louth, Lincolnshire LN11 0DN2
£112.5K12/200.42 mi18, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£120K03/230.42 mi1, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£205K01/240.42 mi61, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£130K10/210.42 mi2, Freer Gardens, Louth, Lincolnshire LN11 8AW2
£135K10/230.42 mi3, Freer Gardens, Louth, Lincolnshire LN11 8AW2
£260K04/230.42 mi5, Orchard Close, Louth, Lincolnshire LN11 0BS2
£205K11/220.43 mi26, Station Approach, Louth, Lincolnshire LN11 0PS2
£295K06/230.43 mi99, Monks Dyke Road, Louth, Lincolnshire LN11 8DN2
£195K10/220.44 mi20, Station Approach, Louth, Lincolnshire LN11 0PS2
£115K01/210.44 mi114, St Bernards Avenue, Louth, Lincolnshire LN11 8AT2
£222K04/210.44 mi5, Station Approach, Louth, Lincolnshire LN11 0PS2
£133K11/200.44 mi27, Station Approach, Louth, Lincolnshire LN11 0PS2
£138K10/200.44 mi19, Station Approach, Louth, Lincolnshire LN11 0PS2
£220K02/210.44 mi11, Station Approach, Louth, Lincolnshire LN11 0PS2
£130K12/200.47 mi16, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£125K04/210.47 mi18, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£130K04/210.47 mi11, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£150K10/200.47 mi22, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£160K04/240.47 mi5, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£144K10/210.47 mi2a, Brackenborough Road, Louth, Lincolnshire LN11 0AE2
£158K10/230.47 mi22, Brackenborough Road, Louth, Lincolnshire LN11 0AE2
£180K03/210.49 mi42, Priory Close, Louth, Lincolnshire LN11 9AS2
£153K05/210.49 mi56, Priory Close, Louth, Lincolnshire LN11 9AS2
£170K04/230.49 mi10, Priory Close, Louth, Lincolnshire LN11 9AS2

Local Rents

20 rents from £550/mo to £875/mo, average is £638/mo.

RentDateDistanceAddressBeds 
£60012/240.19 miOld School Court, Eastfield Road, Louth2
£55005/240.21 mi3 Waterside Mews Eastgate Louth LN11 8DD2
£69505/240.28 miHarveys Lane, Louth. LN11 8BP2
£80005/240.29 mi18 Conker Grove Louth LN11 7BY2
£62505/240.29 miCommercial Road, Louth2
£87506/240.35 miMonks Dyke Road, Louth2
£77503/250.35 mi-2
£65006/240.49 miParsons Halt, Louth2
£62506/240.51 mi7 Newbridge Court Newbridge Hill Louth LN11 0NQ2
£55004/240.53 mi-2
£67505/240.53 miPlover Grove, Louth, LN112
£67501/250.53 mi-2
£74512/240.53 mi-2
£60003/250.53 mi-2
£62505/240.54 miRamsgate Louth LN11 0NE2
£59505/240.54 miBridge View, Ramsgate, Louth. LN11 0NE2
£65005/240.55 miPriory Road, Louth2
£85005/240.58 miCherry Way, Louth, LN11 7EY2
£55006/240.58 miLeakes Row, Louth2
£56512/240.61 miJames Street, Louth2

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.81 miles away

Nearest school

0.30 miles away

Nearest train station

13.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £120,000

February 19, 2025

Floor Plans

Description

  • Spacious mid terrace home located within easy reach of Louth town centre +
  • Two double bedrooms and landing area with built in storage cupboard +
  • Lounge , modern fitted kitchen and ground floor bathroom suite +
  • Low maintenance and private rear garden with garden storage +
  • Offered for sale with no forward chain/ vacant possession on completion +
  • Suitable for first time buyers, downsizing movers or buy to let investment +
  • Low maintenance living space. Full gas central heating and uPVC double glazing +
  • Energy performance certificate rating TBC; Council tax band A +

Tucked away in this private position off the main road, close to Louth town centre is this spacious and very low maintenance mid terrace home. Offered for sale with NO FORWARD CHAIN on the vendors side, the property boasts well presented living accommodation throughout, which is briefly comprised of Entrance hall, Lounge, Inner hallway with rear door to small courtyard garden, modern fitted kitchen, ground floor bathroom suite, first floor landing area with built in storage cupboard and two double bedrooms. Full uPVC double glazing and gas central heating. There is space to park in front of the property as well as ample street parking available off the main road. The rear garden is a low maintenance and private courtyard, with outbuilding providing storage area.

Agent Details

Crofts Estate Agents, Louth

01507 308526

Next Steps?

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