2 Bed Terraced House, Cash/Bridging Only, Louth, LN11 8DB, £135,000

175 Eastgate, Louth, LN11 8DB - a month ago

Cash
ROI: 1%
48 m²
+19 photos

ValuationOvervalued

Sold Prices£87.5K - £295K
Sold Prices/m²£1.2K/m² - £3.5K/m²

 

 

Square Metres

47.98 m²
Price/m²£2.8K/m²

Value Estimate

£109,428

 

 

End Value (After Refurb)

£132,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Refurb Costs

£19,451

Bridging Loan Interest

£3,544

Total Cash In

£63,745

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£132,750

Mortgage (After Refinance)

£99,563

Mortgage LTV

75%

Cash Left In

£63,745

Equity

£33,188

Rent Range

£425 - £875

Rent Estimate

£617

Running Costs/mo

£558

Cashflow/mo

£59

Cashflow/yr

£705

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £87.5K to £295K, average is £138.5K. £1.2K/m² to £3.5K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£170K03/230.01 mi181, Eastgate, Louth, Lincolnshire LN11 8DB2
£155K06/210.01 mi179, Eastgate, Louth, Lincolnshire LN11 8DB2
£168K04/230.01 mi183, Eastgate, Louth, Lincolnshire LN11 8DB2
£126.5K10/230.08 mi20, Commercial Road, Louth, Lincolnshire LN11 7AB2
£112.5K12/200.09 mi18, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£120K03/230.09 mi1, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£205K01/240.09 mi61, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£205K12/230.14 mi28, Priory Close, Louth, Lincolnshire LN11 9AS2
£185K07/230.14 mi12, Priory Close, Louth, Lincolnshire LN11 9AS2
£230K02/240.14 mi44, Priory Close, Louth, Lincolnshire LN11 9AS2
£180K03/210.14 mi42, Priory Close, Louth, Lincolnshire LN11 9AS2
£153K05/210.14 mi56, Priory Close, Louth, Lincolnshire LN11 9AS2
£170K04/230.14 mi10, Priory Close, Louth, Lincolnshire LN11 9AS2
£94K05/210.15 mi180b, Eastgate, Louth, Lincolnshire LN11 9AG2
£116K04/210.15 mi182, Eastgate, Louth, Lincolnshire LN11 9AG2
£195K10/220.19 mi20, Station Approach, Louth, Lincolnshire LN11 0PS2
£222K04/210.19 mi5, Station Approach, Louth, Lincolnshire LN11 0PS2
£133K11/200.19 mi27, Station Approach, Louth, Lincolnshire LN11 0PS2
£138K10/200.19 mi19, Station Approach, Louth, Lincolnshire LN11 0PS2
£220K02/210.19 mi11, Station Approach, Louth, Lincolnshire LN11 0PS2
£205K11/220.19 mi26, Station Approach, Louth, Lincolnshire LN11 0PS2
£97.5K10/220.19 mi3, Lucern Court, Louth, Lincolnshire LN11 7BA2
£95K12/200.2 mi2, Priory Road, Louth, Lincolnshire LN11 9AL2
£87.5K05/230.2 mi8, Priory Road, Louth, Lincolnshire LN11 9AL2
£295K06/230.21 mi99, Monks Dyke Road, Louth, Lincolnshire LN11 8DN2
£132.5K07/210.24 mi49, Eastfield Road, Louth, Lincolnshire LN11 7AJ2
£130K05/210.25 mi12, Wellington Street, Louth, Lincolnshire LN11 0JS2
£121K06/210.25 mi4, Wellington Street, Louth, Lincolnshire LN11 0JS2
£142.5K01/230.25 mi6, Wellington Street, Louth, Lincolnshire LN11 0JS2
£150K01/230.26 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£122.5K10/200.28 mi17, Riverhead, Louth, Lincolnshire LN11 0DD2
£94.5K04/210.28 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£100K01/210.28 mi1, Thames Street, Louth, Lincolnshire LN11 7AD2
£260K04/230.28 mi5, Orchard Close, Louth, Lincolnshire LN11 0BS2
£130K12/200.31 mi16, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£125K04/210.31 mi18, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£130K04/210.31 mi11, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£150K10/200.31 mi22, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£160K04/240.31 mi5, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£194K11/200.31 mi33, Mount Pleasant, Louth, Lincolnshire LN11 9DW2
£250K06/230.31 mi29, Mount Pleasant, Louth, Lincolnshire LN11 9DW2
£90K03/210.32 mi26, James Street, Louth, Lincolnshire LN11 0JW2
£137.5K11/220.33 mi35, Charles Street, Louth, Lincolnshire LN11 0LB2
£139K05/230.34 mi53, Broadley Crescent, Louth, Lincolnshire LN11 8AN2
£140K02/210.34 mi46, Keddington Road, Louth, Lincolnshire LN11 0AU2
£145K09/210.34 mi34, Keddington Road, Louth, Lincolnshire LN11 0AU2
£123.5K12/230.36 mi59, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£115K04/230.36 mi91, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£110K04/230.36 mi97, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£100K03/210.36 mi46, Little Lane, Louth, Lincolnshire LN11 9DU2

Local Rents

43 rents from £425/mo to £875/mo, average is £600/mo.

RentDateDistanceAddressBeds 
£62505/240.08 miCommercial Road, Louth2
£55005/240.16 mi3 Waterside Mews Eastgate Louth LN11 8DD2
£60012/240.17 miOld School Court, Eastfield Road, Louth2
£65005/240.18 miPriory Road, Louth2
£65006/240.2 miParsons Halt, Louth2
£62505/240.21 miRamsgate Louth LN11 0NE2
£59505/240.21 miBridge View, Ramsgate, Louth. LN11 0NE2
£62506/240.21 mi7 Newbridge Court Newbridge Hill Louth LN11 0NQ2
£55004/240.24 mi-2
£60003/250.27 mi-2
£65012/240.27 mi-2
£56512/240.28 miJames Street, Louth2
£57505/240.34 miEastgate, Louth, LN112
£57505/240.34 miEastgate, Louth, LN112
£49505/240.39 miChurch Street, Louth, LN11 9BZ2
£55006/240.39 miLeakes Row, Louth2
£87506/240.4 miMonks Dyke Road, Louth2
£57505/240.4 miKidgate, Louth2
£69505/240.41 miHarveys Lane, Louth. LN11 8BP2
£65006/240.41 miKidgate, Louth2
£62505/240.45 miThe Gatherums, Queen Street Place2
£57505/240.46 miNorthgate Court2
£57505/240.46 miNorthgate Court2
£42505/240.47 miEastgate, Louth2
£42506/240.47 miEastgate, Louth2
£58005/240.48 miSt Michaels Road, Louth LN11 9DA2
£67502/240.49 mi-2
£67503/250.49 mi-2
£55012/240.49 mi-2
£54503/250.49 mi-2
£80005/240.5 mi18 Conker Grove Louth LN11 7BY2
£49506/240.5 miChurch Street, Louth2
£65005/240.52 miNorthgate Court, Louth. LN11 0LZ2
£52010/240.54 mi-2
£74512/240.55 mi-2
£67505/240.55 miPlover Grove, Louth, LN112
£67501/250.55 mi-2
£75006/240.57 miRoyal Oak Court, Louth2
£77503/250.57 mi-2
£60005/240.59 miMawers Yard, Kidgate, Louth2
£61505/240.59 miRoyal Oak Court, Louth LN11 9JA2
£59506/240.6 miBexon Court, Louth2
£62505/240.61 miUpgate, Louth2

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.50 miles away

Nearest school

0.10 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 £135,000

February 27, 2025

Floor Plans

Description

  • End Terraced Town House +
  • Two Bedrooms +
  • Modern Kitchen +
  • Living Room +
  • Downstairs Bathroom +
  • Utility Room +
  • Courtyard Garden +
  • Close To Town Centre +
  • No Onward Chain +
  • Full of Charm and Character +

Choice Properties are delighted to market this charming two bedroom end terraced house located on Eastgate situated in the thriving market town of Louth. This characterful property has modern refurbishments throughout and to the interior features a well presented kitchen, living room, bathroom, and utility room. To the exterior the property boasts a relatively generously sized courtyard garden and brick built shed. With No Onward Chain, Early Viewing Is Highly Advised.

Living Room - 3.43m x 3.30m (11'3 x 10'10) - With electric feature fireplace with stone hearth and marble surround. Hardwood entrance door. Storage cupboard housing meters. Beamed ceilings. Two radiators. Power points. Tv aerial point. Telephone point. Double glazed window to front aspect. Door to utility room. Door to:-

Kitchen - 2.26m x 3.78m (7'5 x 12'5) - Fitted with wall, base, and drawer units with work surfaces over. One bowl stainless steel sink with drainer and mixer tap. Part tiled walls. Space for range cooker with extractor hood over. Space for fridge freezer. Plumbing for washing machine. Staircase for first floor landing. Power points. Hardwood door leading to courtyard garden. Window to rear aspect.

Utility Room - 1.07m x 2.69m (3'6 x 8'10) - With 'Ideal' gas combi boiler. Access to loft via loft hatch. Plumbing for washing machine. Spot lighting. Storage cupboard housing consumer unit and electric meter. Radiator. Power points. Double glazed window to front aspect.

Bathroom - 1.30m x 2.67m (4'3 x 8'9) - Fitted with a three piece suite comprising of panelled bath with shower over, low level w.c, and a pedestal wash hand basin. Spot lighting. Extractor. Radiator. Window to side aspect.

Bedroom 1 - 3.43m x 3.78m (11'3 x 12'5) - Double bedroom with fitted clothes rail. Radiator. Power points. Double glazed window to front aspect.

Bedroom 2 - 2.36m x 2.95m (7'9 x 9'8 ) - Radiator. Power points. Double glazed window to rear aspect.

Courtyard Garden - The property benefits from a fully enclosed rear courtyard garden with brick walls to the perimeter. The garden is accessible from both the property itself via the kitchen as well as a side access gate which leads onto Eastgate. The garden further benefits from a brick built shed which provides a useful storage space.

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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