4 Bed Detached House, Cash/Bridging Only, Louth, LN11 0BS, £325,000

6 Orchard Close, Louth, LN11 0BS - a month ago

Cash
166 m²
+37 photos

ValuationOvervalued

Sold Prices£115K - £620K
Sold Prices/m²£1.1K/m² - £4.8K/m²

 

 

Square Metres

166 m²
Price/m²£2K/m²

Value Estimate

£314,597

 

 

End Value (After Refurb)

£334,515

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Refurb Costs

£67,295

Bridging Loan Interest

£8,531

Total Cash In

£180,027

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£334,515

Mortgage (After Refinance)

£250,886

Mortgage LTV

75%

Cash Released

£7,136

Cash Left In

£172,890

Equity

£83,629

Rent Range

£700 - £1,100

Rent Estimate

£821

Running Costs/mo

£1,230

Cashflow/mo

£-409

Cashflow/yr

£-4,903

Gross Yield

3%

Local Sold Prices

40 sold prices from £115K to £620K, average is £314.5K. £1.1K/m² to £4.8K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£470K09/230.12 mi30, Victoria Road, Louth, Lincolnshire LN11 0BX4
£185K03/210.13 mi34, Brackenborough Road, Louth, Lincolnshire LN11 0AE4
£340K06/230.19 mi11, Davey Close, Louth, Lincolnshire LN11 0AB4
£125K11/200.23 mi19, Keddington Crescent, Louth, Lincolnshire LN11 0AP4
£320K08/230.26 mi57, Keddington Road, Louth, Lincolnshire LN11 0BA4
£115K10/200.26 mi1, Jubilee Crescent, Louth, Lincolnshire LN11 0AL4
£190K03/230.3 mi34, Riverhead, Louth, Lincolnshire LN11 0DD4
£275K05/230.34 mi3, Anthony Crescent, Louth, Lincolnshire LN11 0AY4
£240K03/210.37 mi52, High Holme Road, Louth, Lincolnshire LN11 0EY4
£312K01/230.38 mi19, Eastfield Road, Louth, Lincolnshire LN11 7AJ4
£191K01/210.38 mi22, Amanda Drive, Louth, Lincolnshire LN11 0AZ4
£242.5K02/230.39 mi26, Elm Drive, Louth, Lincolnshire LN11 0DQ4
£320K10/210.41 mi21, High Holme Road, Louth, Lincolnshire LN11 0EX4
£370K05/230.41 mi21, High Holme Road, Louth, Lincolnshire LN11 0EX4
£295K11/200.42 mi3, Kiln Lane, Louth, Lincolnshire LN11 0LG4
£195K07/210.46 mi12, Cedar Close, Louth, Lincolnshire LN11 0EH4
£192.5K03/210.51 mi123, Eastfield Road, Louth, Lincolnshire LN11 7AS4
£330K09/210.58 mi2, Hill Rise, Louth, Lincolnshire LN11 0YY4
£357K03/210.58 mi3, Hill Rise, Louth, Lincolnshire LN11 0YY4
£235K12/200.62 mi82, Grimsby Road, Louth, Lincolnshire LN11 0DZ4
£372K01/210.65 mi3, Abbey Park, Louth, Lincolnshire LN11 7BB4
£495K11/220.67 mi6, St Marys Park, Louth, Lincolnshire LN11 0EF4
£302K02/210.69 mi20, Pippin Close, Louth, Lincolnshire LN11 9FF4
£375K06/230.7 mi13, Robinson Lane, Louth, Lincolnshire LN11 9FB4
£252.5K09/230.72 mi3, Spire View Road, Louth, Lincolnshire LN11 8SL4
£118K10/200.74 mi123, Church Street, Louth, Lincolnshire LN11 9DE4
£160.5K03/210.74 mi43, Watts Lane, Louth, Lincolnshire LN11 9DG4
£245K10/210.74 mi84, Newmarket, Louth, Lincolnshire LN11 9EQ4
£505K07/230.76 mi46, St Marys Park, Louth, Lincolnshire LN11 0EF4
£575K12/230.76 mi1, St Marys Park, Louth, Lincolnshire LN11 0EF4
£460K09/210.76 mi1, St Marys Park, Louth, Lincolnshire LN11 0EF4
£317K02/210.78 mi24, St Marys Lane, Louth, Lincolnshire LN11 0DT4
£620K11/200.78 mi54, St Marys Lane, Louth, Lincolnshire LN11 0DT4
£290K09/210.81 mi3, Quarryside, Louth, Lincolnshire LN11 9JE4
£385K04/230.83 mi35, Linden Walk, Louth, Lincolnshire LN11 9HT4
£392.5K03/210.89 mi13, St James View, Louth, Lincolnshire LN11 9XY4
£445K09/210.9 mi12, Blue Stone Rise, Louth, Lincolnshire LN11 9XZ4
£600K10/230.91 mi17, Horncastle Road, Louth, Lincolnshire LN11 9LB4
£600K10/230.91 mi17, Horncastle Road, Louth, Lincolnshire LN11 9LB4
£250K10/220.98 mi9, Alder Close, Louth, Lincolnshire LN11 8XB4

Local Rents

18 rents from £700/mo to £1.1K/mo, average is £838/mo.

RentDateDistanceAddressBeds 
£1,10005/240.22 miHigh Holme Road, Louth3
£85005/240.24 mi-3
£85003/250.24 mi-3
£87505/240.25 miOld Chapel Mews, Louth, LN113
£73505/240.29 mi-3
£82503/250.29 mi-3
£70005/240.29 miFulmar Drive, Louth. LN11 0ST3
£87505/240.3 mi-3
£87505/240.3 miFulmar Drive, Louth, LN113
£75005/240.35 miRamsgate, Louth3
£75005/240.36 miSt. Bernards Avenue, Louth3
£75006/240.36 miSt. Bernards Avenue, Louth3
£85005/240.38 miChatsworth Drive, Louth3
£75005/240.41 miPriory Road, Louth3
£79505/240.52 miArundel Drive, Louth. LN11 0HZ3
£75005/240.55 miNichol Hill, Louth, LN113
£85005/240.59 mi-3
£85006/240.59 miBroadley Crescent, Louth, LN113

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.43 miles away

Nearest school

0.20 miles away

Nearest train station

13.12 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £325,000

March 18, 2025

Floor Plans

Description

  • Detached House +
  • Four Bedrooms +
  • Kitchen +
  • Two Dining Rooms +
  • Living Room +
  • Family Bathroom +
  • Downstairs Shower Room +
  • Office +
  • Gardens +
  • Garage +

Choice Properties are delighted to bring to market this beautiful four bedroom detached house situated on Orchard Close located in the thriving market town of Louth. The property features generously proportioned rooms throughout including a kitchen, living room, two dining rooms, conservatory, office, family bathroom, and downstairs shower room. To the exterior, the property boasts a fully enclosed garden, driveway with turning head, and a brick built garage. Early Viewing Is Highly Advised.

Hallway - 3.76m x 4.34m (to furthest measurment) (12'4 x 14' - With uPVC entrance door. Internal doors to all ground floor rooms. Under stairs storage cupboard housing the consumer unit. Two radiators. Power points.

Living Room - 3.53m x 6.15m (11'7 x 20'2) - Gas fire in feature fireplace with tiled hearth and surround. Large bow double glazed window to front aspect. Radiator. Telephone point. Tv aerial point. Power points.

Breakfast Room - 3.25m x 2.36m (10'8 x 7'9) - Spot lighting. Radiator. Power points. Opening to:-

Kitchen - 5.54m x 2.18m (18'2 x 7'2) - Fitted with wall, base, and drawer units with work surfaces over. Space for large range cooker with extractor hood over. One and a half bowl sink with mixer tap and drainer. One bowl stainless steel sink with mixer tap. Integrated dishwasher. Space for tall fridge freezer. Space for under counter fridge freezer. Worcester gas boiler. Plumbing for washing machine. Part tiled walls. Spot lighting. Power points. uPVC window to front aspect. uPVC French doors leading to garden.

Dining Room - 2.97m x 3.28m (9'9 x 10'9) - Radiator. Power points. Sliding double glazed door to conservatory.

Conservatory - 3.15m x 3.15m (10'4 x 10'4) - With uPVC double glazing to all aspects. Pitched ceiling. uPVC French doors leading to garden. Radiator. Power points.

Office - 2.34m x 2.74m (7'8 x 9'0) - Radiator. Power points. Tv aerial point. uPVC door leading to rear garden.

Shower Room - 1.68m x 1.65m (5'6 x 5'5) - Fitted with a three piece suite comprising of shower cubicle with electric shower, pedestal wash hand basin, and a low level flush wc. Heated towel rail. Extractor. Frosted uPVC window to side aspect.

Wc - 0.97m x 1.65m (3'2 x 5'5) - Fitted with wall mounted wash hand basin with tiled splashback. Frosted uPVC window to side aspect.

Landing - 3.84m x 4.78m (12'7 x 15'8) - Internal doors to all first floor rooms. Access to loft via loft hatch. Storage cupboard housing the hot water tank. Spot lighting. Radiator. Power points.

Bedroom 1 - 2.92m x 4.11m (9'7 x 13'6) - With large uPVC window to rear aspect. Radiator. Power points. Telephone point. Door to walk in wardrobe.

Wardrobe - 1.96m x 1.91m (6'5 x 6'3) - With fitted open wardrobes to either side. Radiator.

Bedroom 2 - 3.56m x 3.78m (11'8 x 12'5) - Double bedroom with dual aspect uPVC windows. Radiator. Power points.

Bedroom 3 - 2.84m x 4.72m (9'4 x 15'6) - Double bedroom with dual aspect uPVC windows. Power points with USB adaptability. Radiator.

Bedroom 4 - 2.79m x 3.71m (9'2 x 12'2) - With dual aspect uPVC windows. Radiator. Power points.

Bathroom - 3.07m x 1.88m (10'1 x 6'2) - Large bathroom fitted with a three piece suite comprising of panelled bath with shower attachment and mixer tap, low level flush w.c, and a pedestal wash hand basin with single taps. Electric shaver point. Part tiled walls. Wall mounted storage cabinet. Spot lighting. uPVC window to side aspect.

Garage - Single attached brick built garage fitted with power and lighting and up and over garage door.

Garden - To the rear of the property is a fully enclosed private garden with fencing to the perimeter. The garden is mostly laid to lawn but also features various patio areas providing ideal places for outdoor seating. The garden further benefits from a timber shed providing outdoor storage space. Also present at the property is a laid to lawn front garden adjacent to the driveway. Both garden boast mature plants and shrubbery which add an abundance of life and colour.

Driveway - Tarmac driveway with turning head providing off the road parking 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

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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