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See how verdicts work2-bedroom flat · LN11 9JG
For saleReduced £31k (−32.3%) on 2 OctListed 269 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are absolutely delighted to present this neutrally decorated flat for sale, ideally located in a bustling town centre.
This property is a gem, perfect for first-time buyers, investors, or those seeking a holiday let or a 'lock up and leave' property.
The flat boasts an open-plan layout, one of its key unique features, which includes a spacious reception room that seamlessly flows into a modern kitchen.
This open-plan design not only maximises the available living space but also brings an abundance of natural light into the property, creating a bright and airy ambience that is truly welcoming.
The property comprises of two bedrooms, providing space for relaxation and personalisation. There is also a well-appointed shower room, ensuring all your essential needs are covered.
The flat has been tastefully decorated in a neutral palette, allowing the new owners the freedom to add their personal touch and make this property truly their own.
The flat is in a ready-to-move-in condition, saving you the time and hassle of carrying out any major work.
In addition, the flat benefits from a shared communal area between two apartments and a shared outside space. This space presents a fantastic opportunity for socialisation or relaxation.
With an EPC rating of 'D', this property is relatively energy-efficient, which could result in lower utility bills.
The property falls under council tax band 'A', which is the lowest band, making it an even more attractive proposition for those looking to minimise their outgoing costs.
Its prime town centre location places it within easy reach of a host of amenities, including shops, restaurants, and leisure facilities.
This not only makes everyday living convenient but also adds to the property's investment potential.
In summary, this flat is a fantastic opportunity for those seeking a stylish, well-located property with significant potential for personalisation.
It offers excellent value for money and is well worth considering if you're looking to make a smart investment in the property market.
The sale of this property represents a unique opportunity that is not to be missed.
We invite all interested parties to contact us for further details or to arrange a viewing at your earliest convenience. We look forward to helping you find your dream property. EPC rating: D.
Tenure: Leasehold, Room Measurements Open Plan Living Kitchen: 16'01" x 22'08" Bedroom One: 9'11" x 10'10" Bedroom Two: 7'09" x 10'10" Shower Room: 5'10" x 8'04" Tenure The property is Leasehold with a ground rent payable at £100.00 per annum and a service charge payable at £250.00 per annum.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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Agent & docs
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FAQ
About 11b Mercer Row, Louth
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