4 Bed Terraced House, Cash/Bridging Only, Louth, LN11 7BS, £199,950

3 Old Dairy Yard, Louth, LN11 7BS - 20 days ago

Cash
ROI: 1%
92 m²
+43 photos

ValuationOvervalued

Sold Prices£115K - £620K
Sold Prices/m²£1.1K/m² - £5.3K/m²

 

 

Square Metres

92 m²
Price/m²£2.2K/m²

Value Estimate

£190,133

 

 

End Value (After Refurb)

£195,554

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£49,988

Stamp Duty & Legal Fees

£12,697

Refurb Costs

£37,296

Bridging Loan Interest

£5,249

Total Cash In

£106,979

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£195,554

Mortgage (After Refinance)

£146,665

Mortgage LTV

75%

Cash Left In

£106,979

Equity

£48,888

Rent Range

£700 - £1,200

Rent Estimate

£849

Running Costs/mo

£801

Cashflow/mo

£48

Cashflow/yr

£577

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £115K to £620K, average is £313.5K. £1.1K/m² to £5.3K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£312K01/230.08 mi19, Eastfield Road, Louth, Lincolnshire LN11 7AJ4
£190K03/230.1 mi34, Riverhead, Louth, Lincolnshire LN11 0DD4
£470K09/230.19 mi30, Victoria Road, Louth, Lincolnshire LN11 0BX4
£192.5K03/210.25 mi123, Eastfield Road, Louth, Lincolnshire LN11 7AS4
£242.5K02/230.29 mi26, Elm Drive, Louth, Lincolnshire LN11 0DQ4
£320K08/230.29 mi57, Keddington Road, Louth, Lincolnshire LN11 0BA4
£125K11/200.34 mi19, Keddington Crescent, Louth, Lincolnshire LN11 0AP4
£185K03/210.38 mi34, Brackenborough Road, Louth, Lincolnshire LN11 0AE4
£372K01/210.39 mi3, Abbey Park, Louth, Lincolnshire LN11 7BB4
£115K10/200.44 mi1, Jubilee Crescent, Louth, Lincolnshire LN11 0AL4
£340K06/230.48 mi11, Davey Close, Louth, Lincolnshire LN11 0AB4
£252.5K09/230.54 mi3, Spire View Road, Louth, Lincolnshire LN11 8SL4
£275K05/230.54 mi3, Anthony Crescent, Louth, Lincolnshire LN11 0AY4
£191K01/210.57 mi22, Amanda Drive, Louth, Lincolnshire LN11 0AZ4
£302K02/210.58 mi20, Pippin Close, Louth, Lincolnshire LN11 9FF4
£375K06/230.61 mi13, Robinson Lane, Louth, Lincolnshire LN11 9FB4
£240K03/210.61 mi52, High Holme Road, Louth, Lincolnshire LN11 0EY4
£295K11/200.62 mi3, Kiln Lane, Louth, Lincolnshire LN11 0LG4
£160.5K03/210.62 mi43, Watts Lane, Louth, Lincolnshire LN11 9DG4
£320K10/210.64 mi21, High Holme Road, Louth, Lincolnshire LN11 0EX4
£370K05/230.64 mi21, High Holme Road, Louth, Lincolnshire LN11 0EX4
£195K07/210.66 mi12, Cedar Close, Louth, Lincolnshire LN11 0EH4
£118K10/200.69 mi123, Church Street, Louth, Lincolnshire LN11 9DE4
£245K10/210.72 mi84, Newmarket, Louth, Lincolnshire LN11 9EQ4
£250K10/220.8 mi9, Alder Close, Louth, Lincolnshire LN11 8XB4
£385K04/230.8 mi35, Linden Walk, Louth, Lincolnshire LN11 9HT4
£445K09/230.82 mi6, Beck Way, Louth, Lincolnshire LN11 8XH4
£335K11/230.85 mi1, Mayfield Crescent, Louth, Lincolnshire LN11 8EQ4
£315K12/200.85 mi1a, Mayfield Crescent, Louth, Lincolnshire LN11 8EQ4
£290K09/210.86 mi3, Quarryside, Louth, Lincolnshire LN11 9JE4
£350K10/230.87 mi7, Langley Close, Louth, Lincolnshire LN11 8YP4
£330K09/210.87 mi2, Hill Rise, Louth, Lincolnshire LN11 0YY4
£357K03/210.87 mi3, Hill Rise, Louth, Lincolnshire LN11 0YY4
£257K06/230.88 mi14, Florence Wright Avenue, Louth, Lincolnshire LN11 8EJ4
£495K11/220.9 mi6, St Marys Park, Louth, Lincolnshire LN11 0EF4
£235K12/200.9 mi82, Grimsby Road, Louth, Lincolnshire LN11 0DZ4
£415K11/220.91 mi64, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£217K11/200.92 mi11, Stutte Close, Louth, Lincolnshire LN11 8YN4
£315K02/210.92 mi6, Stutte Close, Louth, Lincolnshire LN11 8YN4
£305K11/210.92 mi28, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£320K11/230.92 mi3, Eresbie Road, Louth, Lincolnshire LN11 8YG4
£255K03/210.93 mi6, Blanchard Road, Louth, Lincolnshire LN11 8YH4
£395K06/210.93 mi50, Kenwick Road, Louth, Lincolnshire LN11 8EG4
£260K12/200.93 mi36, Kenwick Road, Louth, Lincolnshire LN11 8EG4
£392.5K03/210.93 mi13, St James View, Louth, Lincolnshire LN11 9XY4
£445K09/210.98 mi12, Blue Stone Rise, Louth, Lincolnshire LN11 9XZ4
£505K07/230.99 mi46, St Marys Park, Louth, Lincolnshire LN11 0EF4
£575K12/230.99 mi1, St Marys Park, Louth, Lincolnshire LN11 0EF4
£460K09/210.99 mi1, St Marys Park, Louth, Lincolnshire LN11 0EF4
£620K11/200.99 mi54, St Marys Lane, Louth, Lincolnshire LN11 0DT4

Local Rents

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

RentDateDistanceAddressBeds 
£75005/240.09 miSt. Bernards Avenue, Louth3
£75006/240.09 miSt. Bernards Avenue, Louth3
£87505/240.15 miOld Chapel Mews, Louth, LN113
£85005/240.29 mi-3
£85006/240.29 miBroadley Crescent, Louth, LN113
£85005/240.34 mi-3
£75005/240.37 miPriory Road, Louth3
£1,20006/240.41 miAcorn Avenue, Louth, LN114
£75005/240.42 miRamsgate, Louth3
£70005/240.47 miFulmar Drive, Louth. LN11 0ST3
£73505/240.47 mi-3
£82503/250.47 mi-3
£85003/250.47 mi-3
£1,10005/240.48 miHigh Holme Road, Louth3
£87505/240.49 mi-3
£87505/240.49 miFulmar Drive, Louth, LN113

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.63 miles away

Nearest school

0.20 miles away

Nearest train station

13.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £199,950

March 29, 2025

Floor Plans

Description

  • Stunning three story town house +
  • Modern kitchen/diner +
  • Reception room +
  • Four double bedrooms (1 en-suite) +
  • Stylish family bathroom +
  • Cloakroom +
  • Two parking spaces +
  • Attractive enclosed garden +
  • Ideal location +
  • Viewing highly advised +

Choice Properties are delighted to bring to the market this stunning and stylish three story town house, positioned just a short distance from Louth's town centre. Benefitting from four bedrooms (1 en-suite) and presented to an immaculate standard throughout, the property makes a beautiful family home. Outside there is a privately enclosed courtyard and two parking spaces. Early viewing is highly advised!

Entrance Hall - 2.06m'' x 0.99m'' (6'9'' x 3'3'') - Enter via composite entrance door, staircase to the first floor, radiator, tiled flooring.

Reception Room - 3.43m'' x 4.75m'' (11'3'' x 15'7'') - Abundantly light reception room with inset spotlights to the ceiling, TV Aerial point, fully carpeted, radiator.

Kitchen/Diner - 3.96m'' 2.59m'' (13'0'' 8'6'') - Fitted with a recently renovated Kitchen with a modern range of wall and base units with complementary worksurfaces over, one bowl resin sink unit with drainer and stainless steel mixer tap, integral 'Beko' oven with four ring hob and featured extractor hood over, space for fridge/freezer, plumbing for a washing machine, integral microwave, cupboard housing the wall mounted 'Worcester' combination boiler, featured tiled splash backs, space for a dining table, inset spot lighting to the ceiling, French double opening patio doors leading out onto the attractive rear courtyard.

First Floor Landing - 2.01m'' x 4.70m'' (6'7'' x 15'5'') - Fully carpeted with window to the front aspect providing ample lighting, staircase to the second floor.

Bedroom 3 - 3.91m'' x 2.57m'' (12'10'' x 8'5'') - Spacious double bedroom with dual aspect windows, TV Aerial point, fully carpeted, radiator.

Bedroom 4/Office - 2.41m'' x 2.54m'' (7'11'' x 8'4'') - Fully carpeted, telephone point, radiator, TV Aerial point.

Second Floor Landing - 2.01m'' x 1.75m'' (6'7'' x 5'9'') - Fully carpeted.

Bedroom 1 - 3.91m'' x 2.57m'' (12'10'' x 8'5'') - Spacious double bedroom with dual aspect windows, TV Aerial point, radiator, fully carpeted.

En-Suite Shower Room - 2.11m'' x 1.75m'' (6'11'' x 5'9'') - Fitted with a modern three piece suite comprising large walk in shower cubicle with main Waterfall shower over, wash hand basin set into featured vanity unit, dual flush w.c., fully tiled walls and flooring, inset spot lights to the ceiling.

Bedroom 2 - 3.35m'' x 2.97m'' (11'0'' x 9'9'') - Spacious double bedroom with dual aspect windows, built in wardrobe, radiator, fully carpeted, loft access with retractable ladder.

Garden - To the rear of the property you will find a privately enclosed and low maintenance courtyard with timber fencing to the boundaries. The garden features a raised decked seating area, which is ideal for outdoor dining or relaxing in the sunshine. There is a gate to the rear of the garden which provides access to the parking spaces. A timber storage shed with double opening door to the front aspect is also included in the sale. An external tap is also located to the rear.

Parking - With two allocated block paved parking spaces to the rear of the property which can be accessed via double opening timber gates.

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 C.

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.

Viewing Arrangements - Viewing by appointment through Choice Properties Louth 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.

Agent Details

Choice Properties, Louth

01507 308529

Next Steps?

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