4 Bed Detached House, Single Let, Louth, LN11 8FX, £350,000

16 Buddleia Drive, Louth LN11 8FX - 2 months ago

BTL
133 m²
+15 photos

ValuationOvervalued

Sold Prices£118K - £465K
Sold Prices/m²£1.1K/m² - £5.3K/m²

 

 

Square Metres

133 m²
Price/m²£2.6K/m²

Value Estimate

£338,979

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Total Cash In

£104,200

 

 

Cash Out

 

Rent Range

£750 - £1,400

Rent Estimate

£750

Running Costs/mo

£1,264

Cashflow/mo

£-514

Cashflow/yr

£-6,165

Gross Yield

3%

Local Sold Prices

28 sold prices from £118K to £465K, average is £310K. £1.1K/m² to £5.3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£255K03/210.11 mi6, Blanchard Road, Louth, Lincolnshire LN11 8YH4
£305K11/210.13 mi28, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£320K11/230.13 mi3, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£415K11/220.13 mi64, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£217K11/200.13 mi11, Stutte Close, Louth, Lincolnshire LN11 8YN4
£315K02/210.13 mi6, Stutte Close, Louth, Lincolnshire LN11 8YN4
£350K10/230.17 mi7, Langley Close, Louth, Lincolnshire LN11 8YP4
£245K03/210.19 mi9, Kenwick Close, Louth, Lincolnshire LN11 8EP4
£241K05/210.19 mi12, Kenwick Close, Louth, Lincolnshire LN11 8EP4
£445K09/230.23 mi6, Beck Way, Louth, Lincolnshire LN11 8XH4
£257K06/230.25 mi14, Florence Wright Avenue, Louth, Lincolnshire LN11 8EJ4
£250K10/220.27 mi9, Alder Close, Louth, Lincolnshire LN11 8XB4
£395K06/210.27 mi50, Kenwick Road, Louth, Lincolnshire LN11 8EG4
£260K12/200.27 mi36, Kenwick Road, Louth, Lincolnshire LN11 8EG4
£465K10/220.3 mi4, Kenwick Pastures, Louth, Lincolnshire LN11 8EE4
£335K11/230.3 mi1, Mayfield Crescent, Louth, Lincolnshire LN11 8EQ4
£315K12/200.3 mi1a, Mayfield Crescent, Louth, Lincolnshire LN11 8EQ4
£252.5K09/230.52 mi3, Spire View Road, Louth, Lincolnshire LN11 8SL4
£454.9K05/210.53 miSouthfield House, Legbourne Road, Louth, Lincolnshire LN11 8LQ4
£160.5K03/210.55 mi43, Watts Lane, Louth, Lincolnshire LN11 9DG4
£302K02/210.6 mi20, Pippin Close, Louth, Lincolnshire LN11 9FF4
£375K06/230.62 mi13, Robinson Lane, Louth, Lincolnshire LN11 9FB4
£118K10/200.66 mi123, Church Street, Louth, Lincolnshire LN11 9DE4
£385K04/230.68 mi35, Linden Walk, Louth, Lincolnshire LN11 9HT4
£245K10/210.71 mi84, Newmarket, Louth, Lincolnshire LN11 9EQ4
£392.5K03/210.89 mi13, St James View, Louth, Lincolnshire LN11 9XY4
£290K09/210.9 mi3, Quarryside, Louth, Lincolnshire LN11 9JE4
£445K09/210.99 mi12, Blue Stone Rise, Louth, Lincolnshire LN11 9XZ4

Local Rents

19 rents from £750/mo to £1.4K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£85005/240.03 miBuddlela Drive, Alexander Park, Louth3
£92505/240.05 miLavender Way, Louth3
£90012/240.06 mi-3
£92512/240.23 miPasture Drive, Louth3
£85005/240.54 miSeymour Avenue, Louth3
£1,40006/240.68 miLinden Walk, Louth, LN115
£85005/240.83 mi-3
£85006/240.83 miBroadley Crescent, Louth, LN113
£75005/240.86 miPriory Road, Louth3
£75005/240.95 miSt. Bernards Avenue, Louth3
£75006/240.95 miSt. Bernards Avenue, Louth3
£75005/240.98 miRamsgate, Louth3
£87505/241 miOld Chapel Mews, Louth, LN113
£1,20006/241.01 miAcorn Avenue, Louth, LN114
£1,10005/241.07 miHorncastle Road, Louth3
£85005/241.09 miGospelgate, Louth3
£79505/241.09 miGospelgate, Louth3
£75005/241.11 miNichol Hill, Louth, LN113
£85005/241.23 miLouth Park Farms, Keddington, Louth. LN11 7HL3

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

1.19 miles away

Nearest school

0.50 miles away

Nearest train station

14.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £350,000

February 27, 2025

Floor Plans

Description

  • Spacious Family Home +
  • Recently built with new home warranty +
  • 4 Double bedrooms with master en suite +
  • Superb Kitchen diner opening to Sunroom +
  • Lounge with Bay window +
  • High Specification +
  • Driveway and Garage +
  • Large rear garden with patio +

This immaculately presented, recently built four-bedroom home is ideally situated on the highly sought-after Alexander Park, nestled on a peaceful road. The spacious accommodation begins with a welcoming hallway, featuring a convenient cloakroom/WC. The generously sized, bright lounge at the front of the house boasts a charming bay window and double doors that lead into the exceptional kitchen-diner, which in turn opens up to a delightful sunroom. Upstairs, you'll find four well-proportioned double bedrooms, including a master suite with its own en-suite bathroom, plus a further family bathroom. Externally, the property offers ample off-road parking for multiple vehicles, along with an integral garage. To the rear, there's a large garden complete with a patio, perfect for outdoor entertaining.

The house dates back to late 2023 and benefits from the remainder of a 10 year New Home Warranty and was constructed by highly regarded local builders, Cyden Homes, with the property having efficient gas-fired central heating system with Ideal Logic boiler located in the garage and the property also has uPVC double-glazed windows and doors, making for low running costs.  

Ground Floor Composite front entrance door leads into the spacious hallway having stairs to first floor with an understairs cloaks/WC. To the side is a bright lounge with bay window to the front, ideal for relaxing in with double oak doors to the dining room allowing the space to be opened up for entertaining. The kitchen has been finished to a high specification with a good range of base and wall units finished in grey Shaker style with smart quartz work surfaces. A good range of built-in appliances including double electric oven, dishwasher and gas hob with the floor having large-scale tiles and the worktop extending to a breakfast bar to one side with further space for a dining table to the side. Opening at the rear gives access to the brilliant sunroom with large window and patio doors into the rear garden, creating yet another useful and pleasant reception room.  

First Floor To the first floor, the spacious landing has an airing cupboard to the side with shelving provided for laundry. Four generous double bedrooms with large windows providing ample natural light, with two of the bedrooms having built-in wardrobes with sliding doors and the master enjoying a smart en-suite shower room. At the rear is the family bathroom which has a three-piece suite with shower over bath with screen to side. 

Outside At the front of the property is ample off-street parking for multiple vehicles with a smart block-paved driveway with lawned area to the left side, also giving access to the single garage with up and over door which houses the electric consumer unit and Ideal Logic gas-fired boiler. To the rear is the spacious garden laid predominantly to lawn, ideal for families with fenced perimeter to all sides, storage space down the sides of the property with gated access to the front and a large patio ideal for al fresco dining and barbecues with some mature trees and bushes to the rear boundary.  

Directions Proceed out of Louth on Legbourne Road and upon arriving at Alexander Park new homes site, turn left into the site on Lavendar Way. Proceed for a distance along and take the left turning onto Buddleia Drive then bear round the right-hand bend and the property will be found shortly along the way on the right hand side.  

Location Louth is positioned on the eastern fringes of the Lincolnshire Wolds with easy access by car or on foot across the rolling hills. There are popular, busy markets three times each week and many local seasonal and specialist events take place throughout the year.

The town has a fine choice of cafes, restaurants, wine bars and pubs with a current trend towards a continental style, street café environment.

There are highly regarded primary schools and academies including the King Edward VI Grammar The Meridian Sports and Swimming Complex has been built in recent years complementing the London Road Sports Grounds and Hall, a tennis academy, bowls, football club, golf club and the Kenwick Park Leisure Centre also with swimming pool, golf course and an equestrian centre.

Louth has a thriving theatre, a cinema and attractive parks on the west side of town in Hubbard's Hills and Westgate Fields. The coast is about 10 miles away from Louth at its nearest point and the area around Louth has many fine country walks and bridleways. Grimsby is approximately 16 miles to the north whilst Lincoln is some 25 miles to the south-west. 

Viewing Strictly by appointment through the agent. 

General Information The particulars of this property are intended to give a fair and substantially correct overall description for the guidance of intending purchasers. No responsibility is to be assumed for individual items. No appliances have been tested. Fixtures, fittings, carpets and curtains are excluded unless otherwise stated. Plans/Maps are not to specific scale, are based on information supplied and subject to verification by a solicitor at sale stage. We are advised that the property is connected to mains gas, electricity, water and drainage but no utility searches have been carried out to confirm at this stage. The property is in Council Tax band E.

Agent Details

Masons Sales, Louth

01507 308524

Next Steps?

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