3 Bed Semi-Detached House, Cash/Bridging Only, Louth, LN11 0NE, £249,950

4 Lowther Villas, Ramsgate, Louth, LN11 0NE - a month ago

Cash
~93 m²
+21 photos

ValuationOvervalued

Sold Prices£120K - £300K
Sold Prices/m²£1.3K/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£183,694

 

 

End Value (After Refurb)

£203,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,488

Stamp Duty & Legal Fees

£13,698

Refurb Costs

£37,702

Bridging Loan Interest

£6,561

Total Cash In

£122,198

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£203,500

Mortgage (After Refinance)

£152,625

Mortgage LTV

75%

Cash Left In

£122,198

Equity

£50,875

Rent Range

£735 - £1,100

Rent Estimate

£822

Running Costs/mo

£820

Cashflow/mo

£2

Cashflow/yr

£20

ROI

0%

Gross Yield

4%

Local Sold Prices

50 sold prices from £120K to £300K, average is £180K. £1.3K/m² to £2.8K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£202K10/220.02 mi19, Ramsgate, Louth, Lincolnshire LN11 0NB3
£260K06/230.02 mi29, Ramsgate, Louth, Lincolnshire LN11 0NB3
£145K03/210.03 mi10, Alexandra Road, Louth, Lincolnshire LN11 0ND3
£132K08/230.09 mi46, James Street, Louth, Lincolnshire LN11 0JW3
£125K10/220.09 mi58b, James Street, Louth, Lincolnshire LN11 0JW3
£227.5K08/210.11 mi190, Eastgate, Louth, Lincolnshire LN11 9AG3
£180K02/240.11 mi230, Eastgate, Louth, Lincolnshire LN11 9AG3
£179K08/210.17 mi7, Newbridge Hill, Louth, Lincolnshire LN11 0NQ3
£165K04/230.17 mi40, Queen Street, Louth, Lincolnshire LN11 9BL3
£184K09/210.17 mi10, Allison Road, Louth, Lincolnshire LN11 0GL3
£220K11/230.18 mi10, Allison Road, Louth, Lincolnshire LN11 0GL3
£138K08/210.18 mi4, Eve Street, Louth, Lincolnshire LN11 0JL3
£157.5K05/210.18 mi41, Priory Close, Louth, Lincolnshire LN11 9AS3
£155K12/200.19 mi2, Old Mill Park, Louth, Lincolnshire LN11 0NY3
£121.5K01/240.19 mi5, Old Mill Park, Louth, Lincolnshire LN11 0NY3
£180K11/200.19 mi21, Old Mill Park, Louth, Lincolnshire LN11 0NY3
£225K02/230.22 mi260, Eastgate, Louth, Lincolnshire LN11 8DJ3
£239K06/210.23 miMallards Mead, Northgate, Louth, Lincolnshire LN11 0LT3
£205.5K10/210.24 mi30, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£150K02/210.24 mi14, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£229.9K07/210.24 mi32, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£170K01/210.24 mi4, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£140K11/200.24 mi63, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£153K06/230.24 mi5, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£272.5K01/230.24 mi264, Eastgate, Louth, Lincolnshire LN11 8DJ3
£146K10/210.27 mi146, High Holme Road, Louth, Lincolnshire LN11 0HE3
£180K03/210.27 mi110, High Holme Road, Louth, Lincolnshire LN11 0HE3
£120K08/210.28 mi73, Newbridge Hill, Louth, Lincolnshire LN11 0JU3
£127K12/220.29 mi52, Kidgate, Louth, Lincolnshire LN11 9BU3
£239.9K01/210.29 mi21, Broadbank, Louth, Lincolnshire LN11 0EQ3
£145K04/210.29 mi42, Michael Foale Lane, Louth, Lincolnshire LN11 0GT3
£227K03/210.3 mi35, Mount Pleasant, Louth, Lincolnshire LN11 9DW3
£121.5K05/210.3 mi14, Lacey Gardens, Louth, Lincolnshire LN11 8DF3
£155K07/210.3 mi20, Orchard Close, Louth, Lincolnshire LN11 0BS3
£220K11/220.3 mi20, Orchard Close, Louth, Lincolnshire LN11 0BS3
£145K05/210.31 mi7, Riverside Court, Louth, Lincolnshire LN11 7AG3
£225K02/230.31 mi14, Cedar Close, Louth, Lincolnshire LN11 0EH3
£165K11/200.32 miMyrtle Cottage, Spout Yard, Louth, Lincolnshire LN11 0LW3
£195K11/200.32 mi117, High Holme Road, Louth, Lincolnshire LN11 0HD3
£124.5K03/210.32 mi79, High Holme Road, Louth, Lincolnshire LN11 0HD3
£186K04/210.32 mi27, Victoria Road, Louth, Lincolnshire LN11 0BU3
£254K11/200.33 mi55, Victoria Road, Louth, Lincolnshire LN11 0BU3
£135K08/210.33 mi49, Lacey Gardens, Louth, Lincolnshire LN11 8DG3
£182.5K12/230.34 mi26, St Michaels Road, Louth, Lincolnshire LN11 9DA3
£273K09/230.34 mi72, Victoria Road, Louth, Lincolnshire LN11 0BX3
£300K07/230.34 mi12, Victoria Road, Louth, Lincolnshire LN11 0BX3
£218K06/210.34 mi54b, Aswell Street, Louth, Lincolnshire LN11 9HP3
£197.5K05/230.36 mi44, Leakes Row, Louth, Lincolnshire LN11 0JZ3
£190K11/230.37 mi153, Monks Dyke Road, Louth, Lincolnshire LN11 8DN3
£240K11/200.37 mi103, Monks Dyke Road, Louth, Lincolnshire LN11 8DN3

Local Rents

17 rents from £735/mo to £1.1K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£75005/240.03 miRamsgate, Louth3
£75005/240.11 miPriory Road, Louth3
£87505/240.23 miOld Chapel Mews, Louth, LN113
£1,10005/240.28 miHigh Holme Road, Louth3
£75005/240.31 miNichol Hill, Louth, LN113
£75005/240.36 miSt. Bernards Avenue, Louth3
£75006/240.36 miSt. Bernards Avenue, Louth3
£85005/240.47 miGospelgate, Louth3
£79505/240.47 miGospelgate, Louth3
£85005/240.55 mi-3
£85006/240.55 miBroadley Crescent, Louth, LN113
£85005/240.55 mi-3
£85005/240.55 miChatsworth Drive, Louth3
£85003/250.57 mi-3
£79505/240.62 miArundel Drive, Louth. LN11 0HZ3
£73505/240.62 mi-3
£82503/250.62 mi-3

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.29 miles away

Nearest school

0.20 miles away

Nearest train station

13.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £249,950

March 12, 2025

Floor Plans

Description

  • Semi Detached Town House +
  • Three Bedrooms (One Ensuite) +
  • Spacious Living Room +
  • Kitchen +
  • Dining Room +
  • Utility +
  • Shower Room +
  • Garage +
  • Driveway +
  • Walking Distance To Local Amenities +

Choice Properties are delighted to bring to the market this spacious three bedroom semi-detached house perfectly positioned just a stones throw away from the thriving market town of Louth. This beautiful family home further benefits from two reception rooms, spacious breakfast kitchen and has a garden with driveway and garage. Early viewing is highly advised!

Hallway - 4.93m'' x 1.19m'' (16'2'' x 3'11'') - With hardwood entrance door. Staircase to first floor landing. Under stair storage cupboard. Consumer unit. Electric meter. Radiator. Power points. Telephone point.

Reception Room - 3.28m'' x 3.99m'' (10'9'' x 13'1'') - With walk-in bay window to front aspect. Fireplace with quarts hearth and tiled surround. Radiator. Power points. Tv aerial point. Window to:-

Dining Room - 3.12m'' x 3.45m'' (10'3'' x 11'4'') - Fitted with log burner set into fireplace with tiled hearth and surround (log burner also controls the heating system). Two fitted storage units. Power points. Door to:-

Kitchen - 2.74m'' x 5.41m'' (9'0'' x 17'9'') - Fitted with wall, base, and drawer units with work surfaces over. Space for large range cooker with extractor hood over. Single bowl stainless steel sink with mixer tap and twin drainer. Tiled flooring. Part tiled walls. Space for two fridge freezers. Worcester has boiler set in box unit. Skylight. Underfloor heating. Power points. Radiator. Window to side aspect. Door to:-

Utility - 2.92m'' x 1.30m'' (9'7'' x 4'3'') - Fitted with tiled flooring, part tiled walls and work surfaces. Plumbing for washing machine. Space for dryer. Hardwood external door leading to driveway. Power points. Underfloor heating. Thermostat. Door to:-

Shower Room - 2.72m'' x 1.75m'' (8'11'' x 5'9'') - Fitted with three piece suite comprising of electric shower cubicle, wall mounted wash hand basin with chrome mixer tap, and push flush wc. Spot lighting. Tiles flooring with underfloor heating. Fully tiled walls. Dual aspect windows. Radiator.

Landing - 1.30m'' x 1.45m'' (4'3'' x 4'9'') - Radiator on staircase. Power points. Telephone point. Window to side aspect.

Bedroom 1 - 3.15m'' x 3.61m'' (10'4'' x 11'10'') - Double bedroom with two fitted storage cupboards. Access to loft via loft hatch. Air conditioning unit. Radiator. Power points. Tv aerial point. Window to rear aspect. Door to:-

Ensuite - 2.82m'' x 2.24m'' (9'3'' x 7'4'') - Fitted with a a three piece suite comprising of panelled bath with electric shower over, wash hand basin set over vanity unit, and back to wall w.c. Large storage cupboard housing the hot water tank. Part tiled walls. Two Radiators. UPVC window to side aspect.

Bedroom 2 - 3.28m'' x 2.41m'' (10'9'' x 7'11'') - Double bedroom with fitted storage cupboard. Radiator. Telephone points. Power points. Window to front aspect.

Bedroom 3 - 1.55m'' x 2.90m'' (5'1'' x 9'6'') - Single bedroom with fitted storage cupboards. Radiators. Power points. Window to front aspect.

Driveway - Paved driveway with off road parking.

Garage - With double opening timber doors, power and lighting.

Gardens - To the front of the property is a paved and neatly laid to lawn garden with dwarf bricked walls to the boundaries. The patio seating area is ideal for relaxing in the sunshine or outdoor dining.

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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