2 Bed Terraced House, Refurb/BRRR, Louth, LN11 7AS, £145,000

212 Eastfield Road - a month ago

Refurb/BRRR
98 m²
+9 photos

ValuationUndervalued

Sold Prices£93K - £295K
Sold Prices/m²£1.4K/m² - £3.6K/m²

 

 

Square Metres

98 m²
Price/m²£1.5K/m²

Value Estimate

£149,350
BMV3%

 

 

End Value (After Refurb)

£182,099

Uplift in Value

+26%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£8,450

Refurb Costs

£39,729

Bridging Loan Interest

£3,806

Total Cash In

£89,985

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£182,099

Mortgage (After Refinance)

£136,574

Mortgage LTV

75%

Cash Released

£27,824

Cash Left In

£62,161

Equity

£45,525

Rent Range

£550 - £875

Rent Estimate

£712

Running Costs/mo

£731

Cashflow/mo

£-19

Cashflow/yr

£-234

Gross Yield

6%

Local Sold Prices

50 sold prices from £93K to £295K, average is £142K. £1.4K/m² to £3.6K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£93K12/200 mi149, Eastfield Road, Louth, Lincolnshire LN11 7AS2
£220K03/210 mi179, Eastfield Road, Louth, Lincolnshire LN11 7AS2
£123.5K12/230.15 mi59, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£115K04/230.15 mi91, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£110K04/230.15 mi97, Eastfield Road, Louth, Lincolnshire LN11 7AP2
£100K01/210.24 mi1, Thames Street, Louth, Lincolnshire LN11 7AD2
£140K10/200.25 mi32, Elm Drive, Louth, Lincolnshire LN11 0DQ2
£209K04/230.25 mi32, Elm Drive, Louth, Lincolnshire LN11 0DQ2
£132.5K07/210.26 mi49, Eastfield Road, Louth, Lincolnshire LN11 7AJ2
£210K11/220.28 mi21, Christopher Close, Louth, Lincolnshire LN11 0BT2
£122.5K10/200.28 mi17, Riverhead, Louth, Lincolnshire LN11 0DD2
£94.5K04/210.28 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£150K01/230.28 mi22, Riverhead, Louth, Lincolnshire LN11 0DD2
£97.5K10/220.31 mi3, Lucern Court, Louth, Lincolnshire LN11 7BA2
£139K05/230.34 mi53, Broadley Crescent, Louth, Lincolnshire LN11 8AN2
£173K01/230.36 mi6, Bishops Close, Louth, Lincolnshire LN11 8BT2
£210K11/210.4 mi1, Lyndon Way, Louth, Lincolnshire LN11 0BH2
£210K03/240.4 mi5, Lyndon Crescent, Louth, Lincolnshire LN11 0BJ2
£126.5K10/230.44 mi20, Commercial Road, Louth, Lincolnshire LN11 7AB2
£130K10/210.45 mi2, Freer Gardens, Louth, Lincolnshire LN11 8AW2
£135K10/230.45 mi3, Freer Gardens, Louth, Lincolnshire LN11 8AW2
£153K03/240.49 mi31, Swallow Drive, Louth, Lincolnshire LN11 0DN2
£146.5K06/230.49 mi41, Swallow Drive, Louth, Lincolnshire LN11 0DN2
£140K02/210.5 mi46, Keddington Road, Louth, Lincolnshire LN11 0AU2
£145K09/210.5 mi34, Keddington Road, Louth, Lincolnshire LN11 0AU2
£115K01/210.5 mi114, St Bernards Avenue, Louth, Lincolnshire LN11 8AT2
£170K03/230.51 mi181, Eastgate, Louth, Lincolnshire LN11 8DB2
£155K06/210.51 mi179, Eastgate, Louth, Lincolnshire LN11 8DB2
£168K04/230.51 mi183, Eastgate, Louth, Lincolnshire LN11 8DB2
£295K06/230.53 mi99, Monks Dyke Road, Louth, Lincolnshire LN11 8DN2
£112.5K12/200.55 mi18, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£120K03/230.55 mi1, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£205K01/240.55 mi61, Trinity Lane, Louth, Lincolnshire LN11 8DL2
£260K04/230.55 mi5, Orchard Close, Louth, Lincolnshire LN11 0BS2
£205K11/220.57 mi26, Station Approach, Louth, Lincolnshire LN11 0PS2
£184K11/200.58 mi68, Fulmar Drive, Louth, Lincolnshire LN11 0ST2
£117K11/200.58 mi60, Virginia Drive, Louth, Lincolnshire LN11 8BD2
£140K08/230.58 mi44, Fulmar Drive, Louth, Lincolnshire LN11 0ST2
£195K10/220.58 mi20, Station Approach, Louth, Lincolnshire LN11 0PS2
£144K10/210.59 mi2a, Brackenborough Road, Louth, Lincolnshire LN11 0AE2
£158K10/230.59 mi22, Brackenborough Road, Louth, Lincolnshire LN11 0AE2
£222K04/210.59 mi5, Station Approach, Louth, Lincolnshire LN11 0PS2
£133K11/200.59 mi27, Station Approach, Louth, Lincolnshire LN11 0PS2
£138K10/200.59 mi19, Station Approach, Louth, Lincolnshire LN11 0PS2
£220K02/210.59 mi11, Station Approach, Louth, Lincolnshire LN11 0PS2
£130K12/200.6 mi16, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£125K04/210.6 mi18, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£130K04/210.6 mi11, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£150K10/200.6 mi22, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2
£160K04/240.6 mi5, Michael Foale Lane, Louth, Lincolnshire LN11 0GT2

Local Rents

10 rents from £550/mo to £875/mo, average is £685/mo.

RentDateDistanceAddressBeds 
£80005/240.26 mi18 Conker Grove Louth LN11 7BY2
£77503/250.28 mi-2
£69505/240.3 miHarveys Lane, Louth. LN11 8BP2
£60012/240.33 miOld School Court, Eastfield Road, Louth2
£55005/240.35 mi3 Waterside Mews Eastgate Louth LN11 8DD2
£87506/240.38 miMonks Dyke Road, Louth2
£62505/240.44 miCommercial Road, Louth2
£85005/240.45 miCherry Way, Louth, LN11 7EY2
£67505/240.62 miPlover Grove, Louth, LN112
£67501/250.62 mi-2

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.96 miles away

Nearest school

0.50 miles away

Nearest train station

13.18 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

March 10, 2025

Floor Plans

Description

  • Deceptively Spacious Cottage Property +
  • Lounge & Dining Room +
  • Kitchen +
  • In Need Of Some Rennovations +
  • Large Master Bedroom +
  • Cozy Second Bedroom +
  • First Floor Bathroom +
  • Outbuilding With Potential +
  • Low Maintenance Courtyard +
  • No Onward Chain +

Presenting for sale, this terraced house, a property that bodes an intriguing blend of character and potential. With a need for some renovation, this house provides a wonderful opportunity for first-time buyers and investors who are keen to imprint their personal touch on their new home. This property cleverly exploits its terraced nature to offer a deceptively spacious interior. It features two welcoming reception rooms that are ripe for transformation. Whether you envisage a comfortable, cosy lounge for relaxing evenings or a lively, vibrant space to entertain guests, these rooms present a blank canvas for your creativity. The house also boasts a kitchen, a key room that calls for your personal taste and style. Whether you fancy a modern, minimalist design or long for a rustic, country feel, this kitchen provides the perfect starting point for your culinary dreams. The upstairs of this house features two bedrooms. The master bedroom, which is particularly vast, promises a tranquil retreat. The second bedroom, though smaller, nonetheless offers a cosy space for rest and relaxation. The property also comes with a first floor three piece suite bathroom, awaiting your inspiration to become a truly relaxing haven. One of the unique features of this property is its outbuilding. This structures provide additional spaces that can be utilised for various purposes, from a home office, workshop to a hobby room or storage area. Or even the possibility of creating off road parking. Outside, there is a low maintenance courtyard. This compact yet charming outdoor space is perfect for those who want to enjoy a breath of fresh air without the need for excessive gardening. In terms of location, the property is ideally situated just out of the centre of the market town of Louth with nearby schools making it an excellent choice for families. Local amenities are within easy reach, adding to the convenience of living here. The property benefits from full uPVC double glazing throughout and gas fired central heating. As well as falling under council tax band A, making it an affordable choice for those looking to manage their living costs effectively. In summary, this terraced house is an opportunity not to be missed. With its need for some renovations, it offers the chance to create a truly personalised home. Its deceptively spacious interior, coupled with its unique features and excellent location, make it a perfect choice for first-time buyers or investors. EPC rating: C. Tenure: Freehold,

Agent Details

Lovelle, Grimsby

01472 404571

Next Steps?

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