4 Bed Detached House, Single Let, Louth, LN11 8FX, £320,000

13 Buddleia Drive, Louth, LN11 8FX - 22 days ago

Auction
BTL
130 m²
+21 photos

ValuationOvervalued

Sold Prices£118K - £465K
Sold Prices/m²£1.1K/m² - £5.3K/m²

 

 

Square Metres

130 m²
Price/m²£2.5K/m²

Value Estimate

£313,179

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£80,000

Stamp Duty & Legal Fees

£20,700

Total Cash In

£100,700

 

 

Cash Out

 

Rent Range

£750 - £1,400

Rent Estimate

£750

Running Costs/mo

£1,170

Cashflow/mo

£-420

Cashflow/yr

£-5,040

Gross Yield

3%

Local Sold Prices

27 sold prices from £118K to £465K, average is £305K. £1.1K/m² to £5.3K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£255K03/210.16 mi6, Blanchard Road, Louth, Lincolnshire LN11 8YH4
£217K11/200.18 mi11, Stutte Close, Louth, Lincolnshire LN11 8YN4
£315K02/210.18 mi6, Stutte Close, Louth, Lincolnshire LN11 8YN4
£305K11/210.19 mi28, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£320K11/230.19 mi3, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£415K11/220.19 mi64, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£245K03/210.21 mi9, Kenwick Close, Louth, Lincolnshire LN11 8EP4
£241K05/210.21 mi12, Kenwick Close, Louth, Lincolnshire LN11 8EP4
£350K10/230.22 mi7, Langley Close, Louth, Lincolnshire LN11 8YP4
£445K09/230.29 mi6, Beck Way, Louth, Lincolnshire LN11 8XH4
£257K06/230.31 mi14, Florence Wright Avenue, Louth, Lincolnshire LN11 8EJ4
£395K06/210.32 mi50, Kenwick Road, Louth, Lincolnshire LN11 8EG4
£260K12/200.32 mi36, Kenwick Road, Louth, Lincolnshire LN11 8EG4
£250K10/220.33 mi9, Alder Close, Louth, Lincolnshire LN11 8XB4
£465K10/220.34 mi4, Kenwick Pastures, Louth, Lincolnshire LN11 8EE4
£335K11/230.36 mi1, Mayfield Crescent, Louth, Lincolnshire LN11 8EQ4
£315K12/200.36 mi1a, Mayfield Crescent, Louth, Lincolnshire LN11 8EQ4
£454.9K05/210.47 miSouthfield House, Legbourne Road, Louth, Lincolnshire LN11 8LQ4
£252.5K09/230.58 mi3, Spire View Road, Louth, Lincolnshire LN11 8SL4
£160.5K03/210.61 mi43, Watts Lane, Louth, Lincolnshire LN11 9DG4
£302K02/210.66 mi20, Pippin Close, Louth, Lincolnshire LN11 9FF4
£375K06/230.68 mi13, Robinson Lane, Louth, Lincolnshire LN11 9FB4
£118K10/200.72 mi123, Church Street, Louth, Lincolnshire LN11 9DE4
£385K04/230.74 mi35, Linden Walk, Louth, Lincolnshire LN11 9HT4
£245K10/210.77 mi84, Newmarket, Louth, Lincolnshire LN11 9EQ4
£392.5K03/210.94 mi13, St James View, Louth, Lincolnshire LN11 9XY4
£290K09/210.96 mi3, Quarryside, Louth, Lincolnshire LN11 9JE4

Local Rents

18 rents from £750/mo to £1.4K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£90012/240.03 mi-3
£85005/240.04 miBuddlela Drive, Alexander Park, Louth3
£92505/240.04 miLavender Way, Louth3
£92512/240.29 miPasture Drive, Louth3
£85005/240.59 miSeymour Avenue, Louth3
£1,40006/240.74 miLinden Walk, Louth, LN115
£85006/240.87 miBroadley Crescent, Louth, LN113
£85005/240.87 mi-3
£75005/240.92 miPriory Road, Louth3
£75005/241 miSt. Bernards Avenue, Louth3
£75006/241 miSt. Bernards Avenue, Louth3
£75005/241.04 miRamsgate, Louth3
£1,20006/241.05 miAcorn Avenue, Louth, LN114
£87505/241.05 miOld Chapel Mews, Louth, LN113
£1,10005/241.12 miHorncastle Road, Louth3
£85005/241.15 miGospelgate, Louth3
£79505/241.15 miGospelgate, Louth3
£75005/241.16 miNichol Hill, Louth, LN113

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

1.25 miles away

Nearest school

0.50 miles away

Nearest train station

14.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £320,000

March 20, 2025

Floor Plans

Description

  • Sold via ‘Secure Sale’ +
  • Immediate ‘exchange of contracts’ available +
  • Detached Family Home +
  • Four Bedrooms with One En-Suite +
  • Family Bathroom +
  • Kitchen Diner & Utility +
  • Sun Room +
  • Lounge +
  • Off Road Parking & Garage +
  • Secure Rear Garden +

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £320,000

TES Property bring to the market this delightful detached family home located on the popular new build development of 'Alexander Park' in Louth. Nestled away down the end of the road, this move in ready property is still under builders warranty and features upgraded specification throughout. Viewing is highly recommended!

Location - Louth - The historic market town of Louth; fondly known as the 'Capital of the Wolds' and beautifully positioned in an Area of Outstanding Natural Beauty is approximately 15 miles from the coast, 16 miles from Grimsby and 30 miles from Lincoln.
It has a wealth of local services and amenities to offer. Popular points of interest include the 'people's park' of Hubbard Hills and Westgate Fields, the last remaining Lincolnshire Cattle Market and the spectacular St James' Church, boasting the tallest medieval parish church spire of approx 287 feet /87.6 m. Other features include Louth Golf Course and Kenwick Park Golf Course, Louth Tennis Centre, London Road Sports Pavilion, Riverhead Theatre, Playhouse Cinema, Louth Museum, Kenwick Park Gym and Spa and Meridian Leisure Centre. As well as excellent local schools including King Edward's VI Grammar School, a doctors surgery and a hospital. Louth is particularly well known for its vast array of independent shops, butchers and delicatessens, thrice weekly markets and the New Market Indoor Hall all offering outstanding local produce as well as three supermarkets; Morrisons, Co-Op and Aldi.

Entrance Hallway - Enter the property via a uPVC front door into the welcoming hallway where there doors into the, kitchen, W.C and double doors into the lounge. A staircase leads to the first floor landing with a useful space below for storage. There is a smoke alarm, radiator and tiled flooring.

Lounge - 6.22m x 3.47m (20'4" x 11'4" ) - Bright and airy room with dual aspect uPVC double glazed windows to the front and side and three radiators.

W.C - Fitted with a W.C and wash hand basin with tiled splashbacks, tiled flooring continuing from the hallway, radiator and extractor.

Kitchen Diner - 6.22m x 3.25m (20'4" x 10'7" ) - Modern kitchen fitted with a range of shaker style wall, base and drawer units with worktop over incorporating a one and a half bowl sink unit with drainer and mixer tap, integrated dishwasher and 'NEFF' electric double oven, four ring gas hob with extractor over and breakfast bar to the side. Continuation of tiled flooring with uPVC double glazed window to the front, space for fridge freezer, radiator and spotlights to the ceiling. Double doors lead into the sun room and a door into the utility.

Utility Room - 1.61m x 2.03m (5'3" x 6'7" ) - Fitted with the same worktop as the kitchen with space below for a washing machine and tumble dryer, wall mounted 'Ideal' boiler, tiled floor and a radiator. A door leads out to the side.

Sun Room - 3.04m x 3.66m (9'11" x 12'0" ) - Bright sunny room with uPVC double glazed windows to the front and side with patio doors leading out to the garden, the tiled floor continues and there is a radiator.

First Floor Landing - With access to all bedrooms and the bathroom, access to the loft via a widened hatch and ladder, a radiator, smoke alarm and airing cupboard housing the hot water cylinder.

Bedroom 1 - 3.56m x 3.10m (11'8" x 10'2" ) - With uPVC double glazed window to the side, built in wardrobes with mirror fronted sliding doors, radiator and door into en-suite.

En-Suite - 1.67m x 2.02m (5'5" x 6'7" ) - Fitted with a modern three piece suite consisting of a shower cubicle with folding glass door, W.C and wash hand basin with cupboard below. The walls are partly tiled with a uPVC double glazed privacy glass window to the rear, heated towel rail, extractor, shaving point, spotlights to the ceiling and vinyl flooring.

Bedroom 2 - 3.19m x 3.34m (10'5" x 10'11" ) - With uPVC double glazed windows to the side and a radiator.

Bedroom 3 - 2.39m x 3.75m (7'10" x 12'3" ) - With uPVC double glazed window to the front and a radiator.

Bedroom 4 - 2.94m x 2.29m (9'7" x 7'6" ) - With uPVC double glazed window to the front and a radiator.

Bathroom - 1.90m x 2.23m (6'2" x 7'3" ) - Modern bathroom fitted with a three piece suite consisting of a panelled bath with shower head over and shower screen, W.C and wash hand basin with cupboard below. Part tiled walls with uPVC double glazed privacy glass window to the front, spotlights to the ceiling, extractor, heated towel rail and vinyl flooring.

Outside - The property is fronted with an area laid to lawn with pathway leading to the front door.

The rear garden is fully enclosed with brick wall and fencing with a gateway leading to the driveway. The garden is mainly laid to lawn with a patio area, pathway and features a range of shrubs and plants. There is an outside tap and lighting.

The driveway provides off road parking for multiple vehicles and leads to the garage which has power, lighting and up and over door.

Services - Mains water, gas, drainage and electricity are understood to be connected. The agents have not tested or inspected the services or service installations and buyers should rely on their own survey.

Tenure - The property is believed to be freehold and we await solicitors confirmation.

Brochure Prepared - March 2025.

Viewings - By prior appointment through TES Property office in Louth admin.

Opening Hours - Monday to Friday 9:00am to 5:00pm
Saturday 9:00am to 1:00pm

Auctioneers Additional Comments - Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Agent Details

TES Property (Lincolnshire) Limited, Louth

01507 304807

Next Steps?

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