5 Bed Detached House, Refurb/BRRR, Louth, LN11 8EN, £560,000

76 Kenwick Road Louth LN11 8EN - 1 views - a year ago

Refurb/BRRR
~204 m²
+38 photos

ValuationFair Value

Sold Prices£151K - £635K
Sold Prices/m²£1.2K/m² - £2.4K/m²

 

 

Square Metres

~204.29 m²
Price/m²£2.7K/m²

Value Estimate

£551,444

 

 

End Value (After Refurb)

£492,149

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£140,000

Stamp Duty & Legal Fees

£33,500

Refurb Costs

£82,818

Bridging Loan Interest

£14,700

Total Cash In

£272,768

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£492,149

Mortgage (After Refinance)

£369,112

Mortgage LTV

75%

Cash Left In

£272,768

Equity

£123,037

Rent Range

£750 - £1,400

Rent Estimate

£896

Running Costs/mo

£1,737

Cashflow/mo

£-841

Cashflow/yr

£-10,094

Gross Yield

2%

Local Sold Prices

7 sold prices from £151K to £635K, average is £540K. £1.2K/m² to £2.4K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£540K04/210.44 miRivendell, Stewton Lane, Louth, Lincolnshire LN11 8RZ5
£200K04/210.95 mi222, Eastgate, Louth, Lincolnshire LN11 9AG5
£552K06/210.98 mi20, Horncastle Road, Louth, Lincolnshire LN11 9LD5
£635K03/211.11 mi40, Westgate, Louth, Lincolnshire LN11 9YD5
£430K06/231.12 mi209, Eastgate, Louth, Lincolnshire LN11 8DD5
£151K04/211.44 mi21, Grimsby Road, Louth, Lincolnshire LN11 0ED5
£570K08/231.98 mi14, Manor Park, Legbourne, Louth, Lincolnshire LN11 8NH5

Local Rents

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

RentDateDistanceAddressBeds 
£92512/240.27 miPasture Drive, Louth3
£85005/240.29 miBuddlela Drive, Alexander Park, Louth3
£92505/240.31 miLavender Way, Louth3
£90012/240.31 mi-3
£85005/240.44 miSeymour Avenue, Louth3
£1,40006/240.6 miLinden Walk, Louth, LN115
£75005/240.91 miPriory Road, Louth3
£1,10005/240.93 miHorncastle Road, Louth3
£85005/241 mi-3
£85006/241 miBroadley Crescent, Louth, LN113
£85005/241.01 miGospelgate, Louth3
£79505/241.01 miGospelgate, Louth3
£75005/241.01 miRamsgate, Louth3
£75005/241.07 miNichol Hill, Louth, LN113
£75005/241.08 miSt. Bernards Avenue, Louth3
£75006/241.08 miSt. Bernards Avenue, Louth3
£87505/241.09 miOld Chapel Mews, Louth, LN113
£1,20006/241.22 miAcorn Avenue, Louth, LN114

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

1.17 miles away

Nearest school

0.70 miles away

Nearest train station

14.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £560,000

May 14, 2024

Floor Plans

Description

Situated in a sought-after residential area of the town this spacious detached family home stands in a large plot of around 0.82 of an acre which includes attractive mature gardens, hard service tennis court, and a large detached garage. The property would benefit from a scheme of modernisation but offers huge potential with its versatile and flexible accommodation and it’s attractive surroundings. The accommodation briefly comprises of a spacious Reception Hall, Lounge &  Dining Room, Breakfast Kitchen, Utility Room, Cloakroom and Bedroom on the ground floor and four good size bedrooms, family bathroom and ensuite on the first floor. what3words: televise.pulses.premiums

Agent Details

John Taylors, Louth

01507 307697

Next Steps?

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