3 Bed Terraced House, Refurb/BRRR, Louth, LN11 0NH, £179,950

312 Ramsgate Road, Louth - 23 days ago

Refurb/BRRR
116 m²
+11 photos

ValuationUndervalued

Sold Prices£100K - £325K
Sold Prices/m²£1.3K/m² - £3K/m²

 

 

Square Metres

115.72 m²
Price/m²£1.6K/m²

Value Estimate

£185,349
BMV3%

 

 

End Value (After Refurb)

£249,815

Uplift in Value

+39%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£44,988

Stamp Duty & Legal Fees

£10,198

Refurb Costs

£46,912

Bridging Loan Interest

£4,724

Total Cash In

£108,571

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£249,815

Mortgage (After Refinance)

£187,361

Mortgage LTV

75%

Cash Released

£52,398

Cash Left In

£56,172

Equity

£62,454

Rent Range

£700 - £1,100

Rent Estimate

£823

Running Costs/mo

£965

Cashflow/mo

£-142

Cashflow/yr

£-1,707

Gross Yield

5%

Local Sold Prices

50 sold prices from £100K to £325K, average is £180K. £1.3K/m² to £3K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£155K12/200.04 mi2, Old Mill Park, Louth, Lincolnshire LN11 0NY3
£121.5K01/240.07 mi5, Old Mill Park, Louth, Lincolnshire LN11 0NY3
£180K11/200.07 mi21, Old Mill Park, Louth, Lincolnshire LN11 0NY3
£225K02/230.14 mi260, Eastgate, Louth, Lincolnshire LN11 8DJ3
£145K03/210.15 mi10, Alexandra Road, Louth, Lincolnshire LN11 0ND3
£272.5K01/230.15 mi264, Eastgate, Louth, Lincolnshire LN11 8DJ3
£227.5K08/210.16 mi190, Eastgate, Louth, Lincolnshire LN11 9AG3
£180K02/240.16 mi230, Eastgate, Louth, Lincolnshire LN11 9AG3
£179K08/210.16 mi7, Newbridge Hill, Louth, Lincolnshire LN11 0NQ3
£145K05/210.16 mi7, Riverside Court, Louth, Lincolnshire LN11 7AG3
£202K10/220.18 mi19, Ramsgate, Louth, Lincolnshire LN11 0NB3
£260K06/230.18 mi29, Ramsgate, Louth, Lincolnshire LN11 0NB3
£220K11/220.18 mi20, Orchard Close, Louth, Lincolnshire LN11 0BS3
£186K04/210.18 mi27, Victoria Road, Louth, Lincolnshire LN11 0BU3
£155K07/210.19 mi20, Orchard Close, Louth, Lincolnshire LN11 0BS3
£184K09/210.19 mi10, Allison Road, Louth, Lincolnshire LN11 0GL3
£254K11/200.19 mi55, Victoria Road, Louth, Lincolnshire LN11 0BU3
£273K09/230.19 mi72, Victoria Road, Louth, Lincolnshire LN11 0BX3
£300K07/230.19 mi12, Victoria Road, Louth, Lincolnshire LN11 0BX3
£205.5K10/210.19 mi30, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£150K02/210.19 mi14, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£229.9K07/210.19 mi32, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£170K01/210.19 mi4, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£140K11/200.19 mi63, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£153K06/230.19 mi5, Trinity Lane, Louth, Lincolnshire LN11 8DL3
£220K11/230.19 mi10, Allison Road, Louth, Lincolnshire LN11 0GL3
£121.5K05/210.2 mi14, Lacey Gardens, Louth, Lincolnshire LN11 8DF3
£157.5K05/210.2 mi41, Priory Close, Louth, Lincolnshire LN11 9AS3
£145K04/210.2 mi42, Michael Foale Lane, Louth, Lincolnshire LN11 0GT3
£135K08/210.22 mi49, Lacey Gardens, Louth, Lincolnshire LN11 8DG3
£120K08/210.23 mi73, Newbridge Hill, Louth, Lincolnshire LN11 0JU3
£325K10/230.23 mi23, Maple Close, Louth, Lincolnshire LN11 0DW3
£132K08/230.24 mi46, James Street, Louth, Lincolnshire LN11 0JW3
£125K10/220.24 mi58b, James Street, Louth, Lincolnshire LN11 0JW3
£146K10/210.27 mi146, High Holme Road, Louth, Lincolnshire LN11 0HE3
£180K03/210.27 mi110, High Holme Road, Louth, Lincolnshire LN11 0HE3
£267.5K11/220.27 mi45, Keddington Road, Louth, Lincolnshire LN11 0AU3
£239.9K12/220.29 mi4, Grosvenor Road, Louth, Lincolnshire LN11 0BB3
£192K10/210.29 mi13, Grosvenor Road, Louth, Lincolnshire LN11 0BE3
£197.5K05/230.3 mi44, Leakes Row, Louth, Lincolnshire LN11 0JZ3
£100K04/210.32 mi1, Luda Terrace, Louth, Lincolnshire LN11 7AF3
£245K02/240.32 mi12, Grosvenor Crescent, Louth, Lincolnshire LN11 0BD3
£150K10/200.32 mi71, Queen Street, Louth, Lincolnshire LN11 9BJ3
£190K11/230.32 mi153, Monks Dyke Road, Louth, Lincolnshire LN11 8DN3
£240K11/200.32 mi103, Monks Dyke Road, Louth, Lincolnshire LN11 8DN3
£165K04/230.33 mi40, Queen Street, Louth, Lincolnshire LN11 9BL3
£138K08/210.33 mi4, Eve Street, Louth, Lincolnshire LN11 0JL3
£195K11/200.35 mi117, High Holme Road, Louth, Lincolnshire LN11 0HD3
£124.5K03/210.35 mi79, High Holme Road, Louth, Lincolnshire LN11 0HD3
£260K07/230.35 mi42, Brackenborough Road, Louth, Lincolnshire LN11 0AE3

Local Rents

17 rents from £700/mo to £1.1K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£87505/240.08 miOld Chapel Mews, Louth, LN113
£75005/240.19 miRamsgate, Louth3
£75005/240.19 miPriory Road, Louth3
£75005/240.23 miSt. Bernards Avenue, Louth3
£75006/240.23 miSt. Bernards Avenue, Louth3
£1,10005/240.3 miHigh Holme Road, Louth3
£85005/240.41 mi-3
£85005/240.44 mi-3
£85006/240.44 miBroadley Crescent, Louth, LN113
£75005/240.46 miNichol Hill, Louth, LN113
£85003/250.46 mi-3
£73505/240.5 mi-3
£82503/250.5 mi-3
£70005/240.5 miFulmar Drive, Louth. LN11 0ST3
£87505/240.51 mi-3
£87505/240.51 miFulmar Drive, Louth, LN113
£85005/240.55 miChatsworth Drive, Louth3

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.40 miles away

Nearest school

0.30 miles away

Nearest train station

13.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £179,950

March 13, 2025

Floor Plans

Description

  • Characterful End Of Terrace Property +
  • 110ft Long Garden +
  • Two Bright & Airy Reception Rooms +
  • Three Bedrooms +
  • Kitchen +
  • Ground Floor Bathroom +
  • Proximity To Local Amenities +
  • Potential For Modernisation +
  • Ample Family Living Space +

I am delighted to present to you this charming and characterful end of terrace house for sale, which is brimming with potential and perfectly suited for first-time buyers, investors, or families alike. This property is a canvas awaiting your personal touch, needing some modernisation to transform it into your dream home. One of the unique features of this property is its generously sized garden, approximately 110ft in length. It is a substantial outdoor space just waiting to be landscaped to your liking, offering endless possibilities for green-fingered enthusiasts or those dreaming of their private oasis. Internally, this house provides ample space to accommodate a growing family or for those who appreciate roomy living areas. It boasts two reception rooms, ideal for both formal dining and a cosy lounge area. The reception rooms provide ample room for entertaining and relaxing, offering different spaces to spend your time depending on your mood or occasion. The property benefits from a practical kitchen, functional though it requires some updating to reach its full potential. Whether you envision a contemporary design or a more traditional farmhouse style, this kitchen space provides the perfect opportunity to create the heart of your home to your own taste and requirements. The house features three bedrooms, offering versatile accommodation suitable for a family or providing the potential for a home office space if working from home is part of your lifestyle. The property is also equipped with a ground bathroom, ready for modernising to create a soothing retreat where you can unwind at the end of each day. This property is not just about the potential it holds within its walls. Its location adds immense value as it is conveniently situated near local amenities, ensuring everyday necessities are within easy reach. For families, the proximity to nearby schools is a significant advantage, minimising travel time and making the school run a breeze. A special feature of this end of terrace house is its character. It sits back from the road, enhancing the sense of privacy and peace, making it a true gem in its vicinity. The property benefits from a combination of uPVC double glazed and single glazed timber framed windows as well as gas fired central heating.  In conclusion, this is an exceptional opportunity to purchase a property with huge potential and put your stamp on it. Its need for modernisation is an invitation to create a bespoke living space tailored to your taste and lifestyle. Combined with its advantageous location and unique features, this house could be the start of a new chapter in your life. Don't miss out on this extraordinary opportunity. Tenure: Freehold,

Agent Details

Lovelle, Grimsby

01472 404571

Next Steps?

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