2 Bed Terraced House, Single Let, Louth, LN11 9DA, £147,500

3 St. Michaels Road, Louth, LN11 9DA - 11 days ago

BTL
61 m²
+9 photos

ValuationOvervalued

Sold Prices£73.5K - £336.5K
Sold Prices/m²£1.4K/m² - £5K/m²

 

 

Square Metres

61 m²
Price/m²£2.4K/m²

Value Estimate

£129,787

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£36,875

Stamp Duty & Legal Fees

£9,025

Total Cash In

£45,900

 

 

Cash Out

 

Rent Range

£425 - £775

Rent Estimate

£425

Running Costs/mo

£566

Cashflow/mo

£-141

Cashflow/yr

£-1,691

Gross Yield

3%

Local Sold Prices

51 sold prices from £73.5K to £336.5K, average is £127K. £1.4K/m² to £5K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£120K11/210.01 mi3, St Michaels Road, Louth, Lincolnshire LN11 9DA2
£122K12/230.01 mi1, St Michaels Road, Louth, Lincolnshire LN11 9DA2
£122K12/230.01 mi1, St Michaels Road, Louth, Lincolnshire LN11 9DA2
£118K11/210.05 mi117, Newmarket, Louth, Lincolnshire LN11 9EG2
£126K09/230.05 mi101, Newmarket, Louth, Lincolnshire LN11 9EG2
£111K12/200.05 mi97, Newmarket, Louth, Lincolnshire LN11 9EG2
£129.6K08/210.06 mi22, Ashley Road, Louth, Lincolnshire LN11 9DB2
£105K11/200.06 mi78, Church Street, Louth, Lincolnshire LN11 9DD2
£91.5K07/210.06 mi82, Church Street, Louth, Lincolnshire LN11 9DD2
£137K11/230.07 mi43, Newmarket, Louth, Lincolnshire LN11 9HR2
£85K09/210.08 mi117, Church Street, Louth, Lincolnshire LN11 9DE2
£133K11/200.1 mi51, Church Street, Louth, Lincolnshire LN11 9BZ2
£124K06/210.12 mi22, Mount Pleasant, Louth, Lincolnshire LN11 9DR2
£109K06/210.12 mi55, Kidgate, Louth, Lincolnshire LN11 9BT2
£140K04/230.12 mi51, Kidgate, Louth, Lincolnshire LN11 9BT2
£185K09/230.13 mi56, Aswell Street, Louth, Lincolnshire LN11 9HP2
£100K03/210.13 mi46, Little Lane, Louth, Lincolnshire LN11 9DU2
£126K03/210.13 mi42, Little Lane, Louth, Lincolnshire LN11 9DU2
£136K03/230.13 mi46, Little Lane, Louth, Lincolnshire LN11 9DU2
£116K08/230.13 mi22, Little Lane, Louth, Lincolnshire LN11 9DU2
£112K01/240.13 mi26, Little Lane, Louth, Lincolnshire LN11 9DU2
£155K04/240.13 mi16, Little Lane, Louth, Lincolnshire LN11 9DU2
£140K07/230.13 mi10, South Terrace, Louth, Lincolnshire LN11 9DF2
£95K06/210.14 mi50, Kidgate, Louth, Lincolnshire LN11 9BU2
£145K11/200.14 mi13, Bramley Close, Louth, Lincolnshire LN11 9FE2
£135K01/210.14 mi17, Bramley Close, Louth, Lincolnshire LN11 9FE2
£127K07/210.14 mi27, Bramley Close, Louth, Lincolnshire LN11 9FE2
£160K06/230.14 mi20, Bramley Close, Louth, Lincolnshire LN11 9FE2
£150K07/230.14 mi27, Bramley Close, Louth, Lincolnshire LN11 9FE2
£189.9K09/230.16 mi37, Lee Street, Louth, Lincolnshire LN11 9HJ2
£122K09/210.19 mi18, Kidgate, Louth, Lincolnshire LN11 9HN2
£143K11/210.2 mi45, Tennyson Road, Louth, Lincolnshire LN11 9HZ2
£154K06/230.2 mi21, Tennyson Road, Louth, Lincolnshire LN11 9HZ2
£153K05/230.21 mi114, Upgate, Louth, Lincolnshire LN11 9HG2
£97K10/210.23 mi1, Kidgate Mews, Louth, Lincolnshire LN11 9HA2
£194K11/200.24 mi33, Mount Pleasant, Louth, Lincolnshire LN11 9DW2
£250K06/230.24 mi29, Mount Pleasant, Louth, Lincolnshire LN11 9DW2
£280K12/230.25 mi9, Pippin Close, Louth, Lincolnshire LN11 9FF2
£242K03/240.25 mi7, Pippin Close, Louth, Lincolnshire LN11 9FF2
£99.5K02/210.25 mi175, Newmarket, Louth, Lincolnshire LN11 9EJ2
£120K08/230.25 mi177, Newmarket, Louth, Lincolnshire LN11 9EJ2
£142.5K12/230.25 mi197, Newmarket, Louth, Lincolnshire LN11 9EJ2
£139.9K02/210.25 mi1a, Little South Street, Louth, Lincolnshire LN11 9JR2
£128.5K11/230.25 mi8, Little South Street, Louth, Lincolnshire LN11 9JR2
£125K11/230.26 mi8, Watts Lane, Louth, Lincolnshire LN11 9DG2
£250K01/240.26 mi52, Watts Lane, Louth, Lincolnshire LN11 9DG2
£108K02/210.28 mi4, Northgate Place, Louth, Lincolnshire LN11 0QL2
£95K12/200.3 mi2, Priory Road, Louth, Lincolnshire LN11 9AL2
£87.5K05/230.3 mi8, Priory Road, Louth, Lincolnshire LN11 9AL2
£336.5K03/240.3 mi2, Gospelgate Mews, Louth, Lincolnshire LN11 9JX2
£73.5K02/210.31 miChapel Cottage, Northgate, Louth, Lincolnshire LN11 0LY2

Local Rents

40 rents from £425/mo to £775/mo, average is £608/mo.

RentDateDistanceAddressBeds 
£58005/240.01 miSt Michaels Road, Louth LN11 9DA2
£49506/240.06 miChurch Street, Louth2
£67502/240.09 mi-2
£67503/250.09 mi-2
£49505/240.1 miChurch Street, Louth, LN11 9BZ2
£57505/240.12 miKidgate, Louth2
£65006/240.12 miKidgate, Louth2
£62505/240.17 miThe Gatherums, Queen Street Place2
£60005/240.22 miMawers Yard, Kidgate, Louth2
£62505/240.23 miUpgate, Louth2
£42505/240.25 miEastgate, Louth2
£42506/240.25 miEastgate, Louth2
£67505/240.25 miLittle South Street, Louth, LN112
£52010/240.26 mi-2
£57505/240.27 miEastgate, Louth, LN112
£57505/240.27 miEastgate, Louth, LN112
£65005/240.27 mi-2
£65012/240.27 mi-2
£64512/240.27 mi-2
£59506/240.29 miBexon Court, Louth2
£75006/240.31 miRoyal Oak Court, Louth2
£65005/240.31 miPriory Road, Louth2
£61505/240.32 miRoyal Oak Court, Louth LN11 9JA2
£57505/240.32 miNorthgate Court2
£57505/240.32 miNorthgate Court2
£57506/240.32 miGeorge Street, Louth2
£54503/250.33 mi-2
£65005/240.36 miNorthgate Court, Louth. LN11 0LZ2
£56512/240.38 miJames Street, Louth2
£62505/240.39 miRamsgate Louth LN11 0NE2
£59505/240.39 miBridge View, Ramsgate, Louth. LN11 0NE2
£77505/240.41 miWestgate, Louth2
£62506/240.45 mi7 Newbridge Court Newbridge Hill Louth LN11 0NQ2
£65006/240.47 miParsons Halt, Louth2
£55004/240.48 mi-2
£60003/250.51 mi-2
£55012/240.53 mi-2
£65006/240.56 mi-2
£62505/240.57 miCommercial Road, Louth2
£67505/240.62 miGraye Drive, Louth2

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

0.44 miles away

Nearest school

0.10 miles away

Nearest train station

13.77 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £147,500

March 31, 2025

Description

  • Mid Terrace Town House +
  • Modern Breakfast Kitchen +
  • Lounge +
  • Entrance Hall with Storage +
  • Two Bedrooms +
  • Bathroom +
  • Courtyard Garden +
  • New Boiler Installed in 2023 +

TES Property bring to the market this well presented mid terrace town house located just a short walk into the town centre of Louth. This attractive home is perfect for a first time buyer or buy to let investment and consists of an entrance hall, breakfast kitchen, living room, two bedrooms and a bathroom along with a courtyard garden to the rear. With the added benefit of having a new boiler fitted in 2023 with 8 years of warranty remaining, along with recent wall and loft insulation installed improving the EPC rating to a C, this property is not to be missed!

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 Hall - 1.08m x 2.50m (3'6" x 8'2" ) - Welcoming entrance with window to the front, a useful under stair storage cupboard and a door leading into the lounge.

Lounge - 2.92m x 4.04m (9'6" x 13'3" ) - Cosy room with window to the front, coving to the ceiling, smoke alarm, built in storage cupboard and a radiator. A door leads into the kitchen.

Breakfast Kitchen - 2.85m x 3.60m (9'4" x 11'9" ) - Modern kitchen fitted with a range of wall, base and drawer units with splashbacks, worktops incorporating a one bowl stainless steel sink unit with drainer and mixer tap, there is an integrated oven and four ring electric hob with extractor above, space for fridge freezer and under counter space and plumbing for a washing machine. A door leads out to the rear garden with a window to the rear, a radiator, coving to the ceiling and a staircase leading up to the first floor landing.

First Floor Landing - Access to both bedrooms and the bathroom, window to the rear, wall mounted 'Worcester' combination boiler and loft access hatch.

Bedroom 1 - 2.69m x 3.38m (8'9" x 11'1" ) - With window to the rear, built in storage cupboard and a radiator.

Bedroom 2 - 2.87m x 3.12m (9'4" x 10'2" ) - With window to the front, two built in storage cupboards and a radiator.

Bathroom - 2.03m x 2.17m (6'7" x 7'1" ) - Fitted with a three piece suite consisting of a corner bath with shower over and curtain rail, W.C and wash hand basin with mixer tap. There is a window to the front, tiled splashbacks, extractor and a radiator.

Outside - To the rear of the property is an enclosed courtyard with space for potted plants and somewhere to sit and relax with outside lighting.

There is the right of access through the garden for the neighbouring property.

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

Agent Details

TES Property (Lincolnshire) Limited, Louth

01507 304807

Next Steps?

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