3 Bed Semi-Detached House, Cash/Bridging Only, Louth, LN11 8RU, £235,000

14 Hazel Grove, Louth, LN11 8RU - a month ago

Cash
69 m²
+25 photos

ValuationOvervalued

Sold Prices£108K - £335K
Sold Prices/m²£1.3K/m² - £3.4K/m²

 

 

Square Metres

68.66 m²
Price/m²£3.4K/m²

Value Estimate

£148,180

 

 

End Value (After Refurb)

£216,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£12,950

Refurb Costs

£27,834

Bridging Loan Interest

£6,169

Total Cash In

£107,453

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£216,000

Mortgage (After Refinance)

£162,000

Mortgage LTV

75%

Cash Left In

£107,453

Equity

£54,000

Rent Range

£750 - £925

Rent Estimate

£840

Running Costs/mo

£863

Cashflow/mo

£-23

Cashflow/yr

£-276

Gross Yield

4%

Local Sold Prices

50 sold prices from £108K to £335K, average is £182.5K. £1.3K/m² to £3.4K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£188.5K06/210.01 mi15, Hazel Grove, Louth, Lincolnshire LN11 8RU3
£168K05/210.06 mi7, Sycamore Drive, Louth, Lincolnshire LN11 8RT3
£148.5K02/210.06 mi8, Sycamore Drive, Louth, Lincolnshire LN11 8RT3
£210K10/230.06 mi6, Oak Close, Louth, Lincolnshire LN11 8SQ3
£239K10/210.09 mi1, Laburnum Crescent, Louth, Lincolnshire LN11 8SG3
£255K04/210.12 mi32, Wood Lane, Louth, Lincolnshire LN11 8SA3
£160K12/200.19 mi61, Spire View Road, Louth, Lincolnshire LN11 8SL3
£216K02/240.19 mi5, Spire View Road, Louth, Lincolnshire LN11 8SL3
£150K05/210.19 mi52, Spire View Road, Louth, Lincolnshire LN11 8SL3
£244K06/230.19 mi3a, Stewton Lane, Louth, Lincolnshire LN11 8RZ3
£185K06/230.19 mi8, Queens Court, Louth, Lincolnshire LN11 8RR3
£180K04/230.2 mi1, Alder Close, Louth, Lincolnshire LN11 8XB3
£255K12/200.2 mi3, Beck Way, Louth, Lincolnshire LN11 8XH3
£260K01/210.21 mi1, Burton Court, Louth, Lincolnshire LN11 8RJ3
£120K12/200.23 mi9, The Link, Louth, Lincolnshire LN11 8BA3
£155K04/230.24 mi18, Virginia Drive, Louth, Lincolnshire LN11 8BD3
£133K12/200.24 mi18, Virginia Drive, Louth, Lincolnshire LN11 8BD3
£155K11/200.26 mi40, Alexander Drive, Louth, Lincolnshire LN11 8QG3
£145K06/210.26 mi32, Alexander Drive, Louth, Lincolnshire LN11 8QG3
£153K04/210.26 mi42, Alexander Drive, Louth, Lincolnshire LN11 8QG3
£165K07/230.26 mi28, Alexander Drive, Louth, Lincolnshire LN11 8QG3
£150K06/230.26 mi32, Alexander Drive, Louth, Lincolnshire LN11 8QG3
£160K04/230.26 mi38, Alexander Drive, Louth, Lincolnshire LN11 8QG3
£270K03/230.26 mi12, Stutte Close, Louth, Lincolnshire LN11 8YN3
£150K03/230.27 mi72, Mount Pleasant Avenue, Louth, Lincolnshire LN11 9DJ3
£195K12/220.29 mi100, St Bernards Avenue, Louth, Lincolnshire LN11 8AT3
£187K05/230.3 mi5, Florence Wright Avenue, Louth, Lincolnshire LN11 8EJ3
£180K02/230.3 mi55, Mount Pleasant Avenue, Louth, Lincolnshire LN11 9DH3
£160K05/230.31 mi49, Watts Lane, Louth, Lincolnshire LN11 9DG3
£250K10/220.31 mi20, Eresbie Road, Louth, Lincolnshire LN11 8YG3
£187K03/230.32 mi17, Kenwick Road, Louth, Lincolnshire LN11 8EH3
£335K12/220.33 mi4, Pippin Close, Louth, Lincolnshire LN11 9FF3
£225K04/210.34 mi11, Pippin Close, Louth, Lincolnshire LN11 9FF3
£190K11/230.35 mi153, Monks Dyke Road, Louth, Lincolnshire LN11 8DN3
£240K11/200.35 mi103, Monks Dyke Road, Louth, Lincolnshire LN11 8DN3
£143K03/210.35 mi31, Freer Gardens, Louth, Lincolnshire LN11 8AW3
£160K06/210.38 mi43, Legbourne Road, Louth, Lincolnshire LN11 8ES3
£232K08/210.38 mi39, Legbourne Road, Louth, Lincolnshire LN11 8ES3
£227K03/210.38 mi35, Mount Pleasant, Louth, Lincolnshire LN11 9DW3
£265K11/230.39 mi8, Legbourne Road, Louth, Lincolnshire LN11 8ER3
£161K03/210.43 mi184, Monks Dyke Road, Louth, Lincolnshire LN11 8AR3
£108K01/210.43 mi161, Monks Dyke Road, Louth, Lincolnshire LN11 8AR3
£165K10/200.43 mi19, Southlands Avenue, Louth, Lincolnshire LN11 8EW3
£219.9K11/220.43 mi24, Southlands Avenue, Louth, Lincolnshire LN11 8EW3
£219.9K03/210.46 mi33, Seymour Avenue, Louth, Lincolnshire LN11 9EW3
£230K12/220.46 mi77, Kenwick Road, Louth, Lincolnshire LN11 8EL3
£150K02/210.47 mi14, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£229.9K07/210.47 mi32, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£170K01/210.47 mi4, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£140K11/200.47 mi63, Trinity Lane, Louth, Lincolnshire LN11 8DL3

Local Rents

10 rents from £750/mo to £925/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£92512/240.3 miPasture Drive, Louth3
£92505/240.4 miLavender Way, Louth3
£85005/240.4 miBuddlela Drive, Alexander Park, Louth3
£90012/240.41 mi-3
£85005/240.45 mi-3
£85006/240.45 miBroadley Crescent, Louth, LN113
£85005/240.5 miSeymour Avenue, Louth3
£75005/240.54 miPriory Road, Louth3
£75005/240.57 miSt. Bernards Avenue, Louth3
£75006/240.57 miSt. Bernards Avenue, Louth3

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.91 miles away

Nearest school

0.20 miles away

Nearest train station

13.93 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £235,000

March 6, 2025

Floor Plans

Description

  • Semi-Detached House +
  • Three Bedrooms (One Ensuite) +
  • Kitchen +
  • Living Room +
  • Downstairs Bathroom +
  • Dining Room +
  • Conservatory +
  • Detached Garage +
  • Private Garden +
  • Driveway +

Situated in a desirable position in the thriving market town of Louth, Choice Properties are delighted to bring to market this beautiful three bedroom semi detached house located on Hazel Grove. With large UPVC windows, spacious rooms, and recent refurbishments throughout, the property is abundantly light and bright and is ready to move into at a moments notice. The property further benefits from an easy to maintain fully enclosed garden, driveway for up to three vehicles, and a detached garage with power and lighting. With No Onward Chain, Early Viewing Is Highly Advised.

Hallway - 2.84m x 1.24m (9'4 x 4'1) - With UPVC entrance door. Staircase to first floor landing. Internal doors to all ground floor rooms. Radiator. Power points. Telephone point.

Living Room - 5.99m x 3.94m (19'8 x 12'11) - Spacious living room with electric fireplace with tiled hearth and surround. Two radiators. Power points. Telephone point. Tv aerial point. Two UPVC window to front aspect.

Kitchen - 2.82m x 3.58m (9'3 x 11'9) - Fitted with wall, base, and drawer units with work surfaces over. One bowl stainless steel sink with mixer tap and drainer. Space for range cooker with pull out extractor hood over. Plumbing for washing machine. Laminate flooring. Power points. Large UPVC window to rear aspect. Opening to:-

Dining Room - 3.00m x 4.34m (9'10 x 14'3) - With under stair storage cupboard housing the hot water tank. Laminate flooring. Power points. Double opening door to:-

Sun Room - 2.62m x 2.11m (8'7 x 6'11) - With large UPVC window to rear aspect. Tiled flooring. Power points. External UPVC door leading to garden.

Downstairs Bathroom - 1.65m x 2.39m (5'5 x 7'10) - Fitted with a three piece suite comprising of panelled bath with electric shower over, wash hand basin set over vanity unit and a push flush wc. Part tiled walls. Heated towel rail. UPVC window to side aspect. Extractor.

Landing - 3.33m x 0.76m (10'11 x 2'6) - Door to all first floor rooms. Radiator. Power points.

Bedroom 1 - 3.33m x 3.15m (10'11 x 10'4) - Double bedroom with large UPVC window to front aspect. Radiator. Power points. Door to:-

Ensuite Shower Room - 2.51m x 1.96m (8'3 x 6'5) - Fitted with a three piece suite comprising of shower cubicle with electric shower, pedestal wash hand basin with single taps, and a push flush w.c. Part tiled walls. Radiator. Velux window. Under eaves storage.

Bedroom 2 - 2.51m x 4.52m (8'3 x 14'10) - Double bedroom fitted with under eaves storage. Access to loft via doorway. Radiator. Power points. UPVC window to side aspect.

Bedroom 3 - 3.33m x 2.18m (10'11 x 7'2) - Double bedroom with large UPVC window to front aspect. Radiator. Power points.

Garage - Single detached brick built garage fitted with power and lighting and up and over garage door. Pedestrian access door to side. Window to side aspect.

Garden - To the rear the property benefits from an easy to maintain rear garden. This rear garden is fully enclosed and private with fencing to the perimeter. The rear garden benefits from a feature patio which spans the majority of the space but is also supplemented by a decking area at the far end of the garden providing an ideal place of outdoor seating. Also present are a variety of plants, to both the gravelled front garden and the rear garden, which add colour and life to the external areas.

Driveway - Paved driveway providing off the road parking space for up to three vehicles.

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 B. Amount Payable 2024/25 - £1636.21

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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