3 Bed Semi-Detached House, Cash/Bridging Only, Louth, LN11 8RZ, £215,000

7B Stewton Lane, Louth, LN11 8RZ - a month ago

Cash
~93 m²
+11 photos

ValuationFair Value

Sold Prices£145K - £335K
Sold Prices/m²£1.6K/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Value Estimate

£212,571

 

 

End Value (After Refurb)

£220,893

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£7,650

Refurb Costs

£37,702

Bridging Loan Interest

£5,644

Total Cash In

£106,495

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£220,893

Mortgage (After Refinance)

£165,669

Mortgage LTV

75%

Cash Released

£4,419

Cash Left In

£102,076

Equity

£55,223

Rent Range

£700 - £1,100

Rent Estimate

£857

Running Costs/mo

£882

Cashflow/mo

£-25

Cashflow/yr

£-296

Gross Yield

5%

Local Sold Prices

50 sold prices from £145K to £335K, average is £189.2K. £1.6K/m² to £3.4K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£244K06/230.08 mi3a, Stewton Lane, Louth, Lincolnshire LN11 8RZ3
£185K06/230.08 mi8, Queens Court, Louth, Lincolnshire LN11 8RR3
£155K11/200.09 mi40, Alexander Drive, Louth, Lincolnshire LN11 8QG3
£145K06/210.09 mi32, Alexander Drive, Louth, Lincolnshire LN11 8QG3
£153K04/210.09 mi42, Alexander Drive, Louth, Lincolnshire LN11 8QG3
£165K07/230.09 mi28, Alexander Drive, Louth, Lincolnshire LN11 8QG3
£150K06/230.09 mi32, Alexander Drive, Louth, Lincolnshire LN11 8QG3
£160K04/230.09 mi38, Alexander Drive, Louth, Lincolnshire LN11 8QG3
£260K01/210.11 mi1, Burton Court, Louth, Lincolnshire LN11 8RJ3
£255K04/210.15 mi32, Wood Lane, Louth, Lincolnshire LN11 8SA3
£160K05/230.15 mi49, Watts Lane, Louth, Lincolnshire LN11 9DG3
£180K04/230.15 mi1, Alder Close, Louth, Lincolnshire LN11 8XB3
£187K05/230.17 mi5, Florence Wright Avenue, Louth, Lincolnshire LN11 8EJ3
£150K03/230.18 mi72, Mount Pleasant Avenue, Louth, Lincolnshire LN11 9DJ3
£187K03/230.18 mi17, Kenwick Road, Louth, Lincolnshire LN11 8EH3
£255K12/200.19 mi3, Beck Way, Louth, Lincolnshire LN11 8XH3
£219.9K03/210.2 mi33, Seymour Avenue, Louth, Lincolnshire LN11 9EW3
£225K04/210.2 mi11, Pippin Close, Louth, Lincolnshire LN11 9FF3
£180K02/230.21 mi55, Mount Pleasant Avenue, Louth, Lincolnshire LN11 9DH3
£335K12/220.21 mi4, Pippin Close, Louth, Lincolnshire LN11 9FF3
£189.9K10/220.21 mi13, Southfield Drive, Louth, Lincolnshire LN11 9ED3
£216K02/240.22 mi5, Spire View Road, Louth, Lincolnshire LN11 8SL3
£150K05/210.22 mi52, Spire View Road, Louth, Lincolnshire LN11 8SL3
£169.5K02/210.22 mi13, Southfield Drive, Louth, Lincolnshire LN11 9ED3
£230K12/200.22 mi12, Southfield Drive, Louth, Lincolnshire LN11 9ED3
£160K12/200.22 mi61, Spire View Road, Louth, Lincolnshire LN11 8SL3
£150K11/210.23 mi15, Adrian Close, Louth, Lincolnshire LN11 9EP3
£188.5K06/210.26 mi15, Hazel Grove, Louth, Lincolnshire LN11 8RU3
£210K10/230.29 mi6, Oak Close, Louth, Lincolnshire LN11 8SQ3
£250K10/220.29 mi20, Eresbie Road, Louth, Lincolnshire LN11 8YG3
£227K03/210.3 mi35, Mount Pleasant, Louth, Lincolnshire LN11 9DW3
£149K11/210.32 mi24, Newmarket, Louth, Lincolnshire LN11 9EQ3
£168K05/210.32 mi7, Sycamore Drive, Louth, Lincolnshire LN11 8RT3
£148.5K02/210.32 mi8, Sycamore Drive, Louth, Lincolnshire LN11 8RT3
£265K11/230.33 mi8, Legbourne Road, Louth, Lincolnshire LN11 8ER3
£160K06/210.34 mi43, Legbourne Road, Louth, Lincolnshire LN11 8ES3
£232K08/210.34 mi39, Legbourne Road, Louth, Lincolnshire LN11 8ES3
£230K12/220.35 mi77, Kenwick Road, Louth, Lincolnshire LN11 8EL3
£239K10/210.35 mi1, Laburnum Crescent, Louth, Lincolnshire LN11 8SG3
£270K03/230.35 mi12, Stutte Close, Louth, Lincolnshire LN11 8YN3
£165K10/200.36 mi19, Southlands Avenue, Louth, Lincolnshire LN11 8EW3
£219.9K11/220.36 mi24, Southlands Avenue, Louth, Lincolnshire LN11 8EW3
£225K05/230.36 mi73, Kenwick Road, Louth, Lincolnshire LN11 8EL3
£190K02/240.36 mi63, Kenwick Road, Louth, Lincolnshire LN11 8EL3
£228.5K01/210.36 mi89, Kenwick Road, Louth, Lincolnshire LN11 8EL3
£182.5K12/230.38 mi26, St Michaels Road, Louth, Lincolnshire LN11 9DA3
£190K11/230.44 mi153, Monks Dyke Road, Louth, Lincolnshire LN11 8DN3
£240K11/200.44 mi103, Monks Dyke Road, Louth, Lincolnshire LN11 8DN3
£245K05/210.45 miCemetery Lodge, Upgate, Louth, Lincolnshire LN11 9QW3
£157.5K05/210.46 mi41, Priory Close, Louth, Lincolnshire LN11 9AS3

Local Rents

29 rents from £700/mo to £1.1K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£92512/240.18 miPasture Drive, Louth3
£85005/240.23 miSeymour Avenue, Louth3
£85005/240.43 miBuddlela Drive, Alexander Park, Louth3
£92505/240.45 miLavender Way, Louth3
£90012/240.46 mi-3
£75005/240.48 miPriory Road, Louth3
£75005/240.59 miRamsgate, Louth3
£85005/240.62 mi-3
£85006/240.62 miBroadley Crescent, Louth, LN113
£75005/240.66 miSt. Bernards Avenue, Louth3
£75006/240.66 miSt. Bernards Avenue, Louth3
£87505/240.66 miOld Chapel Mews, Louth, LN113
£75005/240.7 miNichol Hill, Louth, LN113
£85005/240.7 miGospelgate, Louth3
£79505/240.7 miGospelgate, Louth3
£1,10005/240.71 miHorncastle Road, Louth3
£1,10005/240.87 miHigh Holme Road, Louth3
£1,00006/241.01 miSt. Marys Lane, Louth3
£85005/241.05 mi-3
£85003/251.12 mi-3
£85005/241.14 miChatsworth Drive, Louth3
£73505/241.16 mi-3
£82503/251.16 mi-3
£70005/241.16 miFulmar Drive, Louth. LN11 0ST3
£87505/241.17 mi-3
£87505/241.17 miFulmar Drive, Louth, LN113
£79505/241.18 miArundel Drive, Louth. LN11 0HZ3
£85005/241.21 miLouth Park Farms, Keddington, Louth. LN11 7HL3
£1,00005/241.24 miLincoln Road/St Marys, Louth3

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.79 miles away

Nearest school

0.30 miles away

Nearest train station

14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £215,000

February 22, 2025

Floor Plans

Description

  • Semi detached house +
  • Three Bedrooms +
  • Lounge/Diner +
  • Kitchen +
  • Bathroom +
  • Gardens +
  • Parking Space +

Choice properties are delighted to bring to the market this three bedroom semi-detached house situated within a short distance to the town and local amenities. The property further benefits from gardens and a parking space to the rear.

Front Entrance Door To|: -

Entrance Hall - 4.06m x 1.88m (13'4 x 6'2) - Staircase to the first floor landing. Radiator. Electric fuse box. Understairs storage cupboard.

Lounge/Diner - 5.92m x 3.94m (19'5 x 12'11) - 2 radiators. Electric fire set in feature surround. Door to:

Conservatory - 1.70m x 2.36m (5'7 x 7'9) - Door leading out to the rear patio and garden.

Kitchen - 3.71m x 2.57m (12'2 x 8'5) - Fitted wall and base units with work surfaces over. Ceramic 1.5 bowl sink unit and drainer with mixer taps. Electric cooker point. Part tiled walls. Radiator. Gas combination boiler which supplies the central heating and hot water. Door leading out to the rear patio and garden.

Landing - 2.92m x 1.83m (9'7 x 6'0) - Fitted storage cupboard. Access to the loft area.

Bedroom 1 - 2.74m x 3.94m (9'0 x 12'11) - Radiator. Fitted wardrobes.

Bedroom 2 - 3.05m x 2.97m (10'0 x 9'9) - Radiator. Fitted wardrobes.

Bedroom 3 - 2.03m x 2.84m (6'8 x 9'4) - Radiator.

Shower Room - 2.67m x 2.57m (8'9 x 8'5) - With white suite which consists of a large shower enclosure with mixer shower, wash hand basin and w.c. Radiator. Part tiled and part panelled walls.

Parking - To the rear of the property is a parking space.

Gardens - To the front of the property are gravelled gardens and to the rear is a lawned garden with a paved patio area.

Tenure - Freehold

Viewing Arrangements - Viewing by appointment through Choice Properties on .

Council Tax - 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 B

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.

Agent Details

Choice Properties, Louth

01507 308529

Next Steps?

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