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See how verdicts work2-bedroom flat · LN11 9EA
For saleListed 4 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market with the distinct advantage of no onward chain, this first-floor flat occupies a highly convenient position just a short walk from the town centre.
The property presents a practical layout and serves as an ideal blank canvas for first-time buyers or investors looking to add their own cosmetic updates and value.
While the property requires refreshment, it benefits from excellent foundational upgrades, including a modern kitchen and a modern fitted bathroom.
Heating is efficiently provided by a modern gas boiler. Externally, the property features the rare and highly practical benefit of off-street parking.
This flat represents a fantastic opportunity to secure a well-located town-centre home with excellent scope to improve. EPC rating C.
Property additional info Ground Floor Entrance Porch: With uPVC double glazed entrance door and inner double glazed door opening to entrance lobby with stairs to first floor hallway.
Hallway: With radiator, built-in airing cupboard and access to roof space. Open Plan Lounge Kitchen: 3.95m x 3.65m (13' x 12' ) Lounge area With uPVC double glazed window, radiator and electric fire.
Kitchen Area: 3.89m x 2.85m (12' 9" x 9' 4") With modern fitted kitchen comprising of base and wall cupboards, marble effect worktops, resin sink and drainer board, tiled splashback, space for washing machine, integrated electric oven, hob and extractor hood over, Logic gas fired central heating boiler, radiator.
Bedroom 1: 3.65m x 3.49m (12' x 11' 5") With radiator, uPVC double glazed window. Bedroom 2: 2.66m x 1.95m (8' 9" x 6' 5") With radiator and uPVC double glazed window.
Bathroom: 2.34m x 1.49m (7' 8" x 4' 11") With panel bath having shower attachment over and splashback tiling. Wash basin, close coupled toilet, radiator and skylight window.
Outside: At the rear of the building is a communal car park which number three has a parking space. Services: The property is understood to have mains water, electricity, gas and drainage.
Gas central heating.
Tenure: The property is understood to be leasehold with a term of 999 years from 1st January 2011 and a current ground rent of £35 for the first 25 years and then doubles every 25 years.
Council Tax Band: According to the government online portal, the property is currently in Council Tax Band A.
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
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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.
Area
Agent & docs
FAQ
About 3 Forman Walk, Louth, LN11 9EA
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