3 Bed Bungalow, Single Let, Louth, LN11 0TS, £315,000

Grange Lane, Utterby, Lincolnshire, LN11 0TS - 16 days ago

BTL
~93 m²
+23 photos

ValuationOvervalued

Sold Prices£140K - £355K
Sold Prices/m²£1.7K/m² - £3.3K/m²

 

 

Square Metres

~93 m²
Price/m²£3.4K/m²

Value Estimate

£215,688

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£78,750

Stamp Duty & Legal Fees

£22,700

Total Cash In

£101,450

 

 

Cash Out

 

Rent Range

£895 - £2,500

Rent Estimate

£895

Running Costs/mo

£1,183

Cashflow/mo

£-288

Cashflow/yr

£-3,460

Gross Yield

3%

Local Sold Prices

14 sold prices from £140K to £355K, average is £236.3K. £1.7K/m² to £3.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£220K04/210.14 miIvy Cottage, Main Road, Utterby, Louth, Lincolnshire LN11 0TQ3
£200K06/210.15 miSt Helens, Holywell Lane, Utterby, Louth, Lincolnshire LN11 0TU3
£250K03/230.16 miThe Forge, Main Road, Utterby, Louth, Lincolnshire LN11 0TQ3
£182K09/210.25 miField View, Church Lane, Utterby, Louth, Lincolnshire LN11 0TH3
£355K05/210.4 miWest View, Main Road, Utterby, Louth, Lincolnshire LN11 0TP3
£320K06/211.57 miMayfield, Main Road, Fotherby, Louth, Lincolnshire LN11 0TD3
£247K06/231.82 miThe Timbers, Ings Lane, Covenham St Mary, Louth, Lincolnshire LN11 0PJ3
£355K03/241.82 miAshby, Ings Lane, Covenham St Mary, Louth, Lincolnshire LN11 0PJ3
£320K09/231.9 miPeartree Cottage, Main Road, Covenham St Bartholomew, Louth, Lincolnshire LN11 0PF3
£140K11/212.51 mi7, Northway, Fulstow, Louth, Lincolnshire LN11 0XH3
£160K02/212.52 mi8, Casswell Crescent, Fulstow, Louth, Lincolnshire LN11 0XJ3
£235K09/232.63 miCharlies, King Street, Yarburgh, Louth, Lincolnshire LN11 0PN3
£237.5K04/212.97 mi1, Mumby Close, North Thoresby, Grimsby, Lincolnshire DN36 5RL3
£225K09/212.97 mi2, Mumby Close, North Thoresby, Grimsby, Lincolnshire DN36 5RL3

Local Rents

3 rents from £895/mo to £2.5K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£89512/240.8 mi-2
£2,50005/242.39 miBrakenborough, Louth4
£2,50005/242.39 miBrakenborough, Louth4

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

3.84 miles away

Nearest school

1.20 miles away

Nearest train station

9.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £315,000

March 20, 2025

Floor Plans

Description

  • Spacious Detached Bungalow +
  • Expansive Village Plot +
  • Rarely Available Location +
  • 3 Bedrooms +
  • Large Lounge and Kitchen +
  • Sizable Garage and Utility Extension +
  • Off Road Parking for Multiple Vehicles +
  • Council Tax Band C +
  • EPC Grade E +

Now Available to Market is this extensive detached bungalow and lovingly crafted family home that has been cherished for decades having been built and cared for by a single owner since its initial construction.

A comfortable and deceptively spacious property, it offers a wide range of buyers a surprisingly versatile and flexible home that could be adapted or utilised in a range of different configurations and layouts to suit any new owner's needs.

Situated within an expansive plot set within the much sought after village of Utterby, this charming location is located between the historic market town of Louth and the adjoining coastal towns of Grimsby and Cleethorpes, sitting at the foot of the Lincolnshire Wolds, an area of outstanding nautral beauty. This, coupled with close access to public transport routes, puts a vast array of amenities within a close commute in either direction on the A16.

The property itself is a brightly decorated and comfortable home that shows its many years of loving care and dutiful maintenance. A robust and solidly built property, the bungalow benefits from sizable and well-appointed rooms that includes three bedrooms, an extensive family bathroom and a stunningly proportioned dual aspect lounge, with feature fireplace, that could quite easily be utilised as a lounge/diner if required.

An open hallway and lobby are also accompanied by a large, country style dining-kitchen with an impressive supply of cabinet and counter space as well as room for a breakfast or dining table.

An extended utility area then leads to the garage at the rear of the property which in itself is a vast space with great potential whether as a workshop, hobby space or even just an extensive storage solution for those that need the extra internal space.

The back garden is a large yet compartmentalised series of attractive and secret spaces that gives a plot a private and secluded feel that only adds to the sense of semi-rural solitude. This is an ideal selection of areas for children to adventure or adults to relax and enjoy the outdoor space. The plot to the front boasts a drive capable of parking up to three vehicles as well as a neatly landscaped front garden that provides an ideal privacy screen though without restricting views of the open green opposite.

The whole property benefits from a regularly serviced oil fired boiler, secondary glazing throughout as well as loft and cavity wall insulation.

This is totally unique property filled with practical advantages, singular appeal and fantastic potential, all set within the idyllic backdrop of a quiet Lincolnshire village.
This agent would recommend internal viewings to truly appreciate all that it has to offer.

Agent Details

Relo Estate Agents, Covering Grimsby

01472 404360

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪