3 Bed Semi-Detached House, Refurb/BRRR, Louth, LN11 7RN, £80,000

Main Road, Saltfleet, Louth, LN11 7RN - 24 views - 4 months ago

Cash
Refurb/BRRR
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£182K - £450K
Sold Prices/m²£1.8K/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£860/m²

Value Estimate

£126,250
BMV1%

 

 

End Value (After Refurb)

£225,262

Uplift in Value

+80%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£37,702

Bridging Loan Interest

£2,100

Total Cash In

£66,502

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£225,262

Agent Fees (1%)

£2,253

Bridging Loan

£60,000

Bridging Loan Interest

£2,100

Flip Profit

£96,508

Local Sold Prices

18 sold prices from £182K to £450K, average is £257.5K. £1.8K/m² to £3.9K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£350K07/230.01 miMorning Light, Main Road, Saltfleet, Louth, Lincolnshire LN11 7RN3
£292.5K04/210.07 miSea View House, The Hill, Saltfleet, Louth, Lincolnshire LN11 7RJ3
£220K02/230.24 miRedcote, Warren Road, Saltfleet, Louth, Lincolnshire LN11 7RU3
£400K11/230.29 miConifer Drive, Main Road, Saltfleet, Louth, Lincolnshire LN11 7SB3
£260K09/212.45 mi37, Woolpack Meadows, North Somercotes, Louth, Lincolnshire LN11 7QG3
£210K06/232.45 mi32, Woolpack Meadows, North Somercotes, Louth, Lincolnshire LN11 7QG3
£182K02/212.54 miThe Old Mill, Willerton Road, North Somercotes, Louth, Lincolnshire LN11 7NH3
£281K01/242.67 miPeartree Cottage, Louth Road, South Somercotes, Louth, Lincolnshire LN11 7BW3
£306.5K12/222.67 miSpring Cottage, Louth Road, South Somercotes, Louth, Lincolnshire LN11 7BW3
£195K11/222.73 miAloha, Keeling Street, North Somercotes, Louth, Lincolnshire LN11 7PR3
£365K12/222.75 miSomers, Somerfield Drive, North Somercotes, Louth, Lincolnshire LN11 7GA3
£255K11/232.76 miThe Retreat, Main Road, Saltfleetby, Louth, Lincolnshire LN11 7SN3
£195K12/222.78 mi19, Evison Way, North Somercotes, Louth, Lincolnshire LN11 7PE3
£450K03/232.79 miShelton House, Wembley Road, North Somercotes, Louth, Lincolnshire LN11 7NP3
£231K02/212.81 miNewfoundland, Howdales, South Cockerington, Louth, Lincolnshire LN11 7DJ3
£278K03/232.91 miMayfair, Jubilee Road, North Somercotes, Louth, Lincolnshire LN11 7LH3
£210K07/232.91 mi2, Jubilee Road, North Somercotes, Louth, Lincolnshire LN11 7LH3
£230K04/232.91 mi8, Jubilee Road, North Somercotes, Louth, Lincolnshire LN11 7LH3

Local Rents

4 rents from £650/mo to £750/mo, average is £710/mo.

RentDateDistanceAddressBeds 
£65006/240.11 mi-2
£69501/250.16 mi-2
£72501/250.16 mi-2
£75003/242.44 mi-3

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

8.69 miles away

Nearest school

2.10 miles away

Nearest train station

13.11 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Price changed to £80,000

March 24, 2025

Price changed to £90,000

February 28, 2025

Price changed to £100,000

February 12, 2025

Price changed to £110,000

January 23, 2025

Listed for £125,000

November 28, 2024

Floor Plans

Description

  • Semi Detached House +
  • Three Bedrooms +
  • Kitchen +
  • Living Room +
  • Bathroom +
  • Garden +
  • Semi-Rural Location +
  • In Need of Rennovation +
  • No Onward Chain +
  • Viewing Advised +

Choice Properties are delighted to bring to market this three bedroom semi detached house situated in the picturesque village of Saltfleet. The property is in need of a full renovation throughout which makes it an ideal investment opportunity for anybody wanting to put there own stamp on a blank canvas. With No Onward Chain, Early Viewing Is Highly Advised.

Kitchen - 2.82m x 2.62m (excluding raised kitchen area) (9'3 - Fitted with wall and base units with worksurface over. One and a half bowl sink with mixer tap and drainer. Tiled flooring. Radiator. Power points. Large Double glazed window to rear aspect. Velux window. UVPC entrance door. Door to reception room. Door to:-

Bathroom - 1.75m x 2.72m (5'9 x 8'11) - Fitted with a panelled bath with single taps, pedestal wash hand basin with single taps, and a low level w.c. Part tiled walls. Spot lighting. UVPC double glazed window to rear aspect.

Reception Room - 3.68m x 4.11m (12'1 x 13'6) - Staircase to first floor landing. Fireplace with tiled hearth and surround. Spot lighting. Radiator. Power points. UVPC window to front aspect

Landing - 2.49m x 1.57m (8'2 x 5'2) - Internal door to Bedroom 1. Internal door to Bedroom 2.

Bedroom 1 - 2.74m x 2.49m (9'0 x 8'2) - Double bedroom with a UVPC window to front aspect.

Bedroom 2 - 3.02m x 2.69m (9'11 x 8'10) - Double bedroom with a UVPC window to rear aspect. Radiator. Storage cupboard housing the hot water tank. Access to loft via loft hatch.

Bedroom 3 - 2.90m x 2.69m (9'6 x 8'10) - Double bedroom with a UVPC window to rear aspect. Radiator. Power points.

Garden - To the rear of the property and adjacent to the entrance door is a well proportioned laid to lawn garden with fencing to the perimeter. The garden further benefits from a brick built outbuilding.

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. Amount Payable 2024/25 - £1859.19

Viewing Arrangments - By appointment through Choice Properties 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.

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.

Agent Details

Choice Properties, Louth

01507 308529

Next Steps?

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