2 Bed Terraced House, Single Let, Louth, LN11 0GT, £175,000

2 1 1 Michael Foale Lane, Louth - a month ago

BTL
~68 m²
+8 photos

ValuationOvervalued

Sold Prices£73.5K - £260K
Sold Prices/m²£1.2K/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£155,341

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£9,950

Total Cash In

£53,700

 

 

Cash Out

 

Rent Range

£425 - £750

Rent Estimate

£425

Running Costs/mo

£652

Cashflow/mo

£-227

Cashflow/yr

£-2,722

Gross Yield

3%

Local Sold Prices

50 sold prices from £73.5K to £260K, average is £139K. £1.2K/m² to £3.5K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£130K12/200 mi16, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£125K04/210 mi18, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£130K04/210 mi11, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£150K10/200 mi22, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£160K04/240 mi5, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£260K04/230.05 mi5, Orchard Close, Louth, Lincolnshire LN11 0BS2
£142.5K01/230.11 mi10, Cordeaux Close, Louth, Lincolnshire LN11 0GD2
£205K11/220.12 mi26, Station Approach, Louth, Lincolnshire LN11 0PS2
£195K10/220.13 mi20, Station Approach, Louth, Lincolnshire LN11 0PS2
£222K04/210.13 mi5, Station Approach, Louth, Lincolnshire LN11 0PS2
£133K11/200.13 mi27, Station Approach, Louth, Lincolnshire LN11 0PS2
£138K10/200.13 mi19, Station Approach, Louth, Lincolnshire LN11 0PS2
£220K02/210.13 mi11, Station Approach, Louth, Lincolnshire LN11 0PS2
£165K10/200.14 mi119c, High Holme Road, Louth, Lincolnshire LN11 0HD2
£140K02/210.14 mi46, Keddington Road, Louth, Lincolnshire LN11 0AU2
£145K09/210.14 mi34, Keddington Road, Louth, Lincolnshire LN11 0AU2
£115K04/230.15 mi128, High Holme Road, Louth, Lincolnshire LN11 0HE2
£120K12/200.15 mi78, High Holme Road, Louth, Lincolnshire LN11 0HE2
£144K10/210.16 mi2a, Brackenborough Road, Louth, Lincolnshire LN11 0AE2
£158K10/230.16 mi22, Brackenborough Road, Louth, Lincolnshire LN11 0AE2
£137.5K11/220.2 mi35, Charles Street, Louth, Lincolnshire LN11 0LB2
£142.5K01/230.21 mi6, Wellington Street, Louth, Lincolnshire LN11 0JS2
£130K05/210.21 mi12, Wellington Street, Louth, Lincolnshire LN11 0JS2
£121K06/210.21 mi4, Wellington Street, Louth, Lincolnshire LN11 0JS2
£168K07/210.22 mi105, Brackenborough Road, Louth, Lincolnshire LN11 0AD2
£125K10/210.24 mi42, Hawthorne Avenue, Louth, Lincolnshire LN11 0LD2
£98.5K10/220.25 mi70, High Holme Road, Louth, Lincolnshire LN11 0HE2
£225K04/230.26 mi105, Brackenborough Road, Louth, Lincolnshire LN11 0AD2
£126.5K10/230.28 mi20, Commercial Road, Louth, Lincolnshire LN11 7AB2
£170K03/230.3 mi181, Eastgate, Louth, Lincolnshire LN11 8DB2
£155K06/210.3 mi179, Eastgate, Louth, Lincolnshire LN11 8DB2
£168K04/230.3 mi183, Eastgate, Louth, Lincolnshire LN11 8DB2
£90K03/210.31 mi26, James Street, Louth, Lincolnshire LN11 0JW2
£122.5K10/200.32 mi17, Riverhead, Louth, Lincolnshire LN11 0DD2
£94.5K04/210.32 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£153K03/240.33 mi31, Swallow Drive, Louth, Lincolnshire LN11 0DN2
£146.5K06/230.33 mi41, Swallow Drive, Louth, Lincolnshire LN11 0DN2
£150K01/230.33 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£135K12/230.33 mi60, High Holme Road, Louth, Lincolnshire LN11 0EY2
£140K05/230.33 mi58, High Holme Road, Louth, Lincolnshire LN11 0EY2
£140K08/230.33 mi44, Fulmar Drive, Louth, Lincolnshire LN11 0ST2
£184K11/200.34 mi68, Fulmar Drive, Louth, Lincolnshire LN11 0ST2
£97.5K10/220.34 mi3, Lucern Court, Louth, Lincolnshire LN11 7BA2
£94K05/210.34 mi180b, Eastgate, Louth, Lincolnshire LN11 9AG2
£116K04/210.34 mi182, Eastgate, Louth, Lincolnshire LN11 9AG2
£100K01/210.37 mi1, Thames Street, Louth, Lincolnshire LN11 7AD2
£95K12/200.38 mi2, Priory Road, Louth, Lincolnshire LN11 9AL2
£87.5K05/230.38 mi8, Priory Road, Louth, Lincolnshire LN11 9AL2
£73.5K02/210.39 miChapel Cottage, Northgate, Louth, Lincolnshire LN11 0LY2
£112.5K12/200.39 mi18, Trinity Lane, Louth, Lincolnshire LN11 8DL2

Local Rents

33 rents from £425/mo to £750/mo, average is £595/mo.

RentDateDistanceAddressBeds 
£55006/240.11 miLeakes Row, Louth2
£60003/250.14 mi-2
£55004/240.16 mi-2
£65006/240.18 miParsons Halt, Louth2
£62506/240.19 mi7 Newbridge Court Newbridge Hill Louth LN11 0NQ2
£62505/240.25 miRamsgate Louth LN11 0NE2
£59505/240.25 miBridge View, Ramsgate, Louth. LN11 0NE2
£56512/240.27 miJames Street, Louth2
£74512/240.28 mi-2
£62505/240.28 miCommercial Road, Louth2
£67501/250.28 mi-2
£67505/240.28 miPlover Grove, Louth, LN112
£55005/240.32 mi3 Waterside Mews Eastgate Louth LN11 8DD2
£55012/240.32 mi-2
£60012/240.33 miOld School Court, Eastfield Road, Louth2
£65005/240.37 miPriory Road, Louth2
£65012/240.37 mi-2
£57505/240.38 miEastgate, Louth, LN112
£57505/240.38 miEastgate, Louth, LN112
£57505/240.43 miNorthgate Court2
£57505/240.43 miNorthgate Court2
£65005/240.46 miNorthgate Court, Louth. LN11 0LZ2
£54503/250.46 mi-2
£42505/240.49 miEastgate, Louth2
£42506/240.49 miEastgate, Louth2
£62505/240.52 miThe Gatherums, Queen Street Place2
£57505/240.52 miKidgate, Louth2
£65006/240.52 miKidgate, Louth2
£49505/240.55 miChurch Street, Louth, LN11 9BZ2
£52010/240.55 mi-2
£75006/240.56 miRoyal Oak Court, Louth2
£61505/240.57 miRoyal Oak Court, Louth LN11 9JA2
£59506/240.61 miBexon Court, Louth2

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.39 miles away

Nearest school

0.20 miles away

Nearest train station

13.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £175,000

March 5, 2025

Floor Plans

Description

  • Quiet Cul -De-Sac Location +
  • Immaculately Presented +
  • Welcoming Reception Room +
  • Well Equipped Modern Kitchen +
  • Generously Sized Bedrooms +
  • Modern Family Bathroom +
  • Ground Floor Cloakroom WC +
  • Low Maintenance, South Facing Rear Garden +
  • Parking For Two Vehicles +
  • Close To Local Amenities +

We are delighted to present for sale this immaculately presented end of terrace house. This property bears a distinctive charm that is both unique and attractive. It is the perfect blend of classic and modern, showcasing an elegant design that boasts an array of high-quality features. This two double bedroom house is exceptionally well-maintained and offers comfortable living. The property benefits from an abundance of natural light thanks to its low maintenance, enclosed, south facing rear garden which is laid to hardstanding providing an idyllic setting for outdoor dining and relaxation. To the front of the property is a welcoming reception room. This space has been meticulously designed to create a homely and inviting atmosphere. The room is bright and airy and provides access to the first-floor accommodation. The property also boasts a well-equipped kitchen, offering an array of integrated modern appliances such as cooker, hob and microwave and plenty of storage space with the added addition of a breakfast bar area. The layout has been thoughtfully designed to maximise functionality, making it a pleasure to prepare meals in with the addition of French style patio doors opening out to the south facing garden. The house comes with two generously sized bedrooms. Both rooms are bright, airy and offer plenty of room for storage one of which benefits from wall to wall fitted wardrobes and a pull down double bed. They are the perfect sanctuaries for rest and relaxation after a long day. The property also features a beautifully appointed bathroom, fitted with a modern three piece suite comprising of panelled bath with shower over, close coupled WC and pedestal wash hand basin. To the ground floor there is also a cloakroom equipped with WC and basin. The property is situated in a quiet cul-de-sac location and is surrounded by excellent local amenities, including shops, restaurants and leisure facilities. Additionally, the house is in close proximity to a number of highly regarded schools, making it an ideal place to start a family. One of the standout features of this property is the bonus of off road parking in the form of a block paved driveway providing parking for two vehicles side by side. With an EPC rating of C, this home is energy efficient, ensuring you can live in comfort while also keeping energy bills to a minimum. The property is also in council tax band A, reflecting its excellent value. In summary, this property is an exceptional home that offers a high standard of living and is located in a desirable area. Don't miss this opportunity. We invite interested parties to contact us for a viewing. EPC rating: C. Tenure: Freehold,

Agent Details

Lovelle, Grimsby

01472 404571

Next Steps?

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