2 Bed Terraced House, Cash/Bridging Only, Louth, LN11 0JW, £145,000

44 James Street, Louth, LN11 0JW - a month ago

Cash
ROI: 1%
74 m²
+24 photos

ValuationFair Value

Sold Prices£73.5K - £230K
Sold Prices/m²£1K/m² - £3.5K/m²

 

 

Square Metres

74 m²
Price/m²£2K/m²

Value Estimate

£146,450

 

 

End Value (After Refurb)

£135,354

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£5,550

Refurb Costs

£29,999

Bridging Loan Interest

£3,806

Total Cash In

£77,355

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£135,354

Mortgage (After Refinance)

£101,515

Mortgage LTV

75%

Cash Left In

£77,355

Equity

£33,838

Rent Range

£425 - £775

Rent Estimate

£605

Running Costs/mo

£564

Cashflow/mo

£41

Cashflow/yr

£492

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £73.5K to £230K, average is £133K. £1K/m² to £3.5K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£90K03/210.03 mi26, James Street, Louth, Lincolnshire LN11 0JW2
£73.5K02/210.07 miChapel Cottage, Northgate, Louth, Lincolnshire LN11 0LY2
£108K02/210.08 mi4, Northgate Place, Louth, Lincolnshire LN11 0QL2
£130K05/210.12 mi12, Wellington Street, Louth, Lincolnshire LN11 0JS2
£121K06/210.12 mi4, Wellington Street, Louth, Lincolnshire LN11 0JS2
£142.5K01/230.12 mi6, Wellington Street, Louth, Lincolnshire LN11 0JS2
£137.5K11/220.12 mi35, Charles Street, Louth, Lincolnshire LN11 0LB2
£125K10/210.14 mi42, Hawthorne Avenue, Louth, Lincolnshire LN11 0LD2
£95K10/200.18 mi16b, Queen Street, Louth, Lincolnshire LN11 9AU2
£170K03/230.19 mi15, Cedar Close, Louth, Lincolnshire LN11 0EH2
£98.5K10/220.2 mi70, High Holme Road, Louth, Lincolnshire LN11 0HE2
£135K08/210.2 mi6, Spout Yard, Louth, Lincolnshire LN11 0LW2
£135K12/230.2 mi60, High Holme Road, Louth, Lincolnshire LN11 0EY2
£140K05/230.2 mi58, High Holme Road, Louth, Lincolnshire LN11 0EY2
£120K11/220.21 mi7, Nichol Hill, Louth, Lincolnshire LN11 9NQ2
£95K12/200.22 mi2, Priory Road, Louth, Lincolnshire LN11 9AL2
£87.5K05/230.22 mi8, Priory Road, Louth, Lincolnshire LN11 9AL2
£94K05/210.23 mi180b, Eastgate, Louth, Lincolnshire LN11 9AG2
£116K04/210.23 mi182, Eastgate, Louth, Lincolnshire LN11 9AG2
£109K06/210.23 mi55, Kidgate, Louth, Lincolnshire LN11 9BT2
£140K04/230.23 mi51, Kidgate, Louth, Lincolnshire LN11 9BT2
£115K04/230.23 mi128, High Holme Road, Louth, Lincolnshire LN11 0HE2
£120K12/200.23 mi78, High Holme Road, Louth, Lincolnshire LN11 0HE2
£222K04/210.25 mi5, Station Approach, Louth, Lincolnshire LN11 0PS2
£133K11/200.25 mi27, Station Approach, Louth, Lincolnshire LN11 0PS2
£138K10/200.25 mi19, Station Approach, Louth, Lincolnshire LN11 0PS2
£220K02/210.25 mi11, Station Approach, Louth, Lincolnshire LN11 0PS2
£195K10/220.25 mi20, Station Approach, Louth, Lincolnshire LN11 0PS2
£165K07/230.25 mi63, Broadbank, Louth, Lincolnshire LN11 0EW2
£95K06/210.26 mi50, Kidgate, Louth, Lincolnshire LN11 9BU2
£180K04/230.26 mi2, Cistern Gate, Louth, Lincolnshire LN11 0ER2
£205K11/220.27 mi26, Station Approach, Louth, Lincolnshire LN11 0PS2
£122K09/210.27 mi18, Kidgate, Louth, Lincolnshire LN11 9HN2
£165K10/200.27 mi119c, High Holme Road, Louth, Lincolnshire LN11 0HD2
£162K05/230.28 mi15, Union Street, Louth, Lincolnshire LN11 0ES2
£133K11/200.28 mi51, Church Street, Louth, Lincolnshire LN11 9BZ2
£97K10/210.29 mi1, Kidgate Mews, Louth, Lincolnshire LN11 9HA2
£129.6K08/210.3 mi22, Ashley Road, Louth, Lincolnshire LN11 9DB2
£205K12/230.3 mi28, Priory Close, Louth, Lincolnshire LN11 9AS2
£185K07/230.3 mi12, Priory Close, Louth, Lincolnshire LN11 9AS2
£230K02/240.3 mi44, Priory Close, Louth, Lincolnshire LN11 9AS2
£180K03/210.3 mi42, Priory Close, Louth, Lincolnshire LN11 9AS2
£153K05/210.3 mi56, Priory Close, Louth, Lincolnshire LN11 9AS2
£170K04/230.3 mi10, Priory Close, Louth, Lincolnshire LN11 9AS2
£126K03/210.3 mi42, Little Lane, Louth, Lincolnshire LN11 9DU2
£100K03/210.3 mi46, Little Lane, Louth, Lincolnshire LN11 9DU2
£112K01/240.3 mi26, Little Lane, Louth, Lincolnshire LN11 9DU2
£116K08/230.3 mi22, Little Lane, Louth, Lincolnshire LN11 9DU2
£136K03/230.3 mi46, Little Lane, Louth, Lincolnshire LN11 9DU2
£155K04/240.3 mi16, Little Lane, Louth, Lincolnshire LN11 9DU2

Local Rents

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

RentDateDistanceAddressBeds 
£56512/240.06 miJames Street, Louth2
£57505/240.09 miEastgate, Louth, LN112
£57505/240.09 miEastgate, Louth, LN112
£57505/240.12 miNorthgate Court2
£57505/240.12 miNorthgate Court2
£65012/240.13 mi-2
£62505/240.14 miRamsgate Louth LN11 0NE2
£59505/240.14 miBridge View, Ramsgate, Louth. LN11 0NE2
£54503/250.16 mi-2
£62506/240.16 mi7 Newbridge Court Newbridge Hill Louth LN11 0NQ2
£55004/240.17 mi-2
£42505/240.17 miEastgate, Louth2
£42506/240.17 miEastgate, Louth2
£65005/240.18 miNorthgate Court, Louth. LN11 0LZ2
£60003/250.18 mi-2
£65006/240.19 miParsons Halt, Louth2
£55012/240.2 mi-2
£62505/240.21 miThe Gatherums, Queen Street Place2
£65005/240.22 miPriory Road, Louth2
£65006/240.23 miKidgate, Louth2
£57505/240.23 miKidgate, Louth2
£52010/240.24 mi-2
£75006/240.25 miRoyal Oak Court, Louth2
£61505/240.27 miRoyal Oak Court, Louth LN11 9JA2
£49505/240.28 miChurch Street, Louth, LN11 9BZ2
£55006/240.29 miLeakes Row, Louth2
£59506/240.3 miBexon Court, Louth2
£60005/240.31 miMawers Yard, Kidgate, Louth2
£62505/240.33 miUpgate, Louth2
£58005/240.34 miSt Michaels Road, Louth LN11 9DA2
£57506/240.38 miGeorge Street, Louth2
£62505/240.39 miCommercial Road, Louth2
£67505/240.39 miLittle South Street, Louth, LN112
£77505/240.4 miWestgate, Louth2
£49506/240.41 miChurch Street, Louth2
£67502/240.41 mi-2
£67503/250.41 mi-2
£55005/240.47 mi3 Waterside Mews Eastgate Louth LN11 8DD2
£60012/240.49 miOld School Court, Eastfield Road, Louth2
£74512/240.59 mi-2
£67501/250.59 mi-2
£67505/240.59 miPlover Grove, Louth, LN112

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.17 miles away

Nearest school

0.20 miles away

Nearest train station

13.41 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £145,000

February 27, 2025

Floor Plans

Description

  • Terraced Town House +
  • Two Bedrooms (One Ensuite) +
  • Kitchen +
  • Living Room +
  • Dining Room +
  • Utility Room +
  • Downstairs Shower Room +
  • Easy To Maintain Garden +
  • Town Centre Location +
  • No Onward Chain +

Choice Properties are delighted to bring to market this superb two bedroom (one ensuite) mid terraced town house situated on James Street located in the heart of the thriving market town of Louth. This charming property features a living room, kitchen, dining room, utility room, and downstairs shower room to the interior. To the exterior the property boasts a fully enclosed, easy to maintain garden which further benefits from a couple of outbuildings. With No Onward Chain, Early Viewing Is Highly Advised.

Hallway - 1.12m x 1.04m (3'8 x 3'5) - With UPVC entrance door. Staircase to first floor landing. Radiator. Consumer unit. Electric meter. Door to living room.

Living Room - 3.66m x 3.56m (12'0 x 11'8) - With electric fireplace with tiled hearth and stone brick surround. Laminate flooring. Radiator. Power points. Tv aerial point. Large UPVC window to front aspect. Door to:-

Dining Room - 4.80m x 3.25m (15'9 x 10'8) - With gas fireplace with tiled hearth and brick surround. Under stairs storage cupboard with tiled flooring and fitted shelving. Dual aspect UPVC window. Radiator. Power points. Tv aerial point. Door to kitchen.

Kitchen - 2.59m x 2.69m (8'6 x 8'10) - Fitted with wall and base units with work surfaces over. One and a half bowl stainless steel sink with single taps and drainer. Space for fridge freezer. Space for range cooker. Part tiled walls. Radiator. Power points. Large UPVC window to rear aspect. Door to:-

Utility Room - 1.09m x 2.49m (3'7 x 8'2) - Fitted with a base unit and a work surface over. Gas boiler. Access to loft via loft hatch. Tiled flooring. Plumbing for washing machine. Space for dryer. Radiator. Power points. UPVC window to rear aspect. Hardwood external door leading to garden. Door to:-

Shower Room - 1.32m x 2.46m (4'4 x 8'1) - Fitted with three piece suite comprising of a corner shower cubicle with electric shower, a pedestal wash hand basin with chrome mixer tap and push flush w.c. Tiled flooring. Tiled walls. Radiator. Extractor. UPVC window to rear aspect.

Landing - 1.27m x 1.14m (4'2 x 3'9 ) - Access to loft via loft hatch. Internal doors leading to bedrooms 1 and 2.

Bedroom 1 - 3.53m x 2.39m (11'7 x 7'10) - Double bedroom with UPVC window to rear aspect. Two storage cupboards with fitted shelving with one housing the hot water tank. Radiator. Power points. Telephone point. Door to:-

Ensuite Bathroom - 1.80m x 1.78m (5'11 x 5'10) - Fitted with a three piece suite comprising of a panelled bath with single taps, a pedestal wash hand basin and a low level w.c. Part tiled walls. Radiator. UPVC window to rear aspect.

Bedroom 2 - 2.13m x 3.56m (7'0 x 11'8) - Double bedroom with two UPVC windows to front aspect. Two storage cupboard with fitted clothes rail used as wardrobes. Radiator. Power points. Tv aerial point. Over stairs storage cupboard.

Garden - To the rear of the property is a fully enclosed private garden. The garden is paved and gravelled for ease of maintenance and further benefits from a couple of brick built outbuildings proving extra storage for the property. The rear garden also benefits from a variety of patio areas which provide the perfect place for outdoor seating as well as being south facing making it the perfect suntrap.

Tenure - Freehold.

Council Tax Band - 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 A

Viewing Arrangements - By appointment through Choice Properties on .

Opening Hours - Monday to Friday 9.00 a.m to 5.00 p.m.
Saturday 9.00 a.m. to 3.00 p.m.

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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