5 Bed Detached House, Single Let, Louth, LN11 7DT, £485,000

5 2 2 The Riverbank, Louth - 23 days ago

BTL
~178 m²
+20 photos

ValuationOvervalued

Sold Prices£151K - £675K
Sold Prices/m²£1.2K/m² - £2.4K/m²

 

 

Square Metres

~178.28 m²
Price/m²£2.7K/m²

Value Estimate

£384,582

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£121,250

Stamp Duty & Legal Fees

£37,200

Total Cash In

£158,450

 

 

Cash Out

 

Rent Range

£700 - £1,200

Rent Estimate

£744

Running Costs/mo

£1,684

Cashflow/mo

£-940

Cashflow/yr

£-11,285

Gross Yield

2%

Local Sold Prices

9 sold prices from £151K to £675K, average is £540K. £1.2K/m² to £2.4K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£430K06/230.26 mi209, Eastgate, Louth, Lincolnshire LN11 8DD5
£200K04/210.56 mi222, Eastgate, Louth, Lincolnshire LN11 9AG5
£540K04/210.88 miRivendell, Stewton Lane, Louth, Lincolnshire LN11 8RZ5
£151K04/211.07 mi21, Grimsby Road, Louth, Lincolnshire LN11 0ED5
£635K03/211.1 mi40, Westgate, Louth, Lincolnshire LN11 9YD5
£552K06/211.38 mi20, Horncastle Road, Louth, Lincolnshire LN11 9LD5
£415K09/212.52 miCarosel, Peppin Lane, Fotherby, Louth, Lincolnshire LN11 0UW5
£675K10/232.52 miThe Oaks, Peppin Lane, Fotherby, Louth, Lincolnshire LN11 0UW5
£570K08/232.79 mi14, Manor Park, Legbourne, Louth, Lincolnshire LN11 8NH5

Local Rents

14 rents from £700/mo to £1.2K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£1,20006/240.28 miAcorn Avenue, Louth, LN114
£75005/240.28 miSt. Bernards Avenue, Louth3
£75006/240.28 miSt. Bernards Avenue, Louth3
£85005/240.32 mi-3
£85006/240.32 miBroadley Crescent, Louth, LN113
£85005/240.36 mi-3
£87505/240.38 miOld Chapel Mews, Louth, LN113
£70005/240.49 miFulmar Drive, Louth. LN11 0ST3
£73505/240.5 mi-3
£82503/250.5 mi-3
£87505/240.51 mi-3
£87505/240.51 miFulmar Drive, Louth, LN113
£85003/250.54 mi-3
£75005/240.6 miPriory Road, Louth3

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.85 miles away

Nearest school

0.40 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 £485,000

March 19, 2025

Floor Plans

Description

  • Five Bedroom Detached Home +
  • Backs Onto Louth Canal +
  • Built In 2019 +
  • Open Plan Living Kitchen Diner +
  • Large Bi Fold Doors To Rear Garden +
  • Spacious Lounge +
  • First Floor & Ground Floor Study's +
  • Utility Room & Cloakroom WC +
  • Enclosed Garden & Garden Office +
  • Driveway & Garage +

Presenting for sale, a stunning five-bedroom detached house, situated on a quiet, executive development, which backs onto the scenic Louth Canal. Built in 2019, this home exudes sophistication and grandeur, and is ideally suited to families seeking a spacious and well-appointed residence. This property boasts a neutrally decorated interior, providing a perfect canvas for potential homeowners to add their unique touch. The open-plan living-kitchen-diner is a true showstopper, with large bi-fold doors that present a pleasing view of the garden, seamlessly blending indoor and outdoor living. The kitchen is modern and well-equipped, promising to be the heart of the home and the perfect space for hosting dinner parties or enjoying family meals. The residence features a large lounge, perfect for entertaining or enjoying quiet evenings in. A separate utility room and a cloakroom WC add to the functionality of the home, ensuring that each space is utilised to its full potential. The property offers five well-proportioned bedrooms to the first floor, providing ample space for a growing family or for hosting guests. The master bedroom benefits from an en-suite shower room, offering a private sanctuary for the homeowners. A modern four-piece suite family bathroom serves the other bedrooms, providing ample facilities for everyone in the household. Notably, the property offers a ground floor and first-floor study, perfect for those working from home or requiring a dedicated workspace. The garden office which benefits from electrics and insulation is another unique feature of this property, providing a tranquil environment to work or pursue hobbies. Externally, the house is equally impressive. An electric gate guards the front of the driveway, enhancing the security and privacy of the home. The single garage offers secure parking and additional storage space. The property is surrounded by walking routes, perfect for those who enjoy a leisurely stroll or a brisk jog. The property falls under council tax band E and benefits from uPVC double glazing throughout and gas fired central heating. This stunning detached house, with its prime location and unique features, is a perfect blend of luxury and comfort. It offers an opportunity for a family to create beautiful memories in a home that combines style, elegance, and functionality.

Agent Details

Lovelle, Grimsby

01472 404571

Next Steps?

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