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See how verdicts work6-bedroom property · LN11 9AA
For saleListed 713 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale is a beautiful 3 floor property a short walk from the centre of Louth, Lincolnshire. Louth is a market town of approximately 17,000, famous for it's traditional cattle and farmer's markets.
Sitting astride the A16, it offers excellent travel connection east towards Skegness and the coast and north towards Grimsby and Hull.
The property is currently a well loved local Cantonese restaurant, immaculately decorated with traditional Chinese décor and imagery.
The restaurant, bar, Kitchen 1 and storage make up the ground floor of the property. Access to the 2 living floors is via an exterior staircase at the side-rear.
All kitchen equipment and resources will be included with the sale. 3 floor house converted into thriving Chinese restaurant near the centre of Louth, Lincolnshire. 2 Floor living area.
Resteraunt (95 (311'8")) Kitchen 1 (28.61m (93'10" )) Storage Bedroom 1 (2.5x 2.8 (8'2"x 9'2")) Bedroom 2 (2.2 x 3.9 (7'2" x 12'9")) Bedroom 3 (4.8 x 3 (15'8" x 9'10")) Kitchen 2 (4.5 x 2.4 (14'9" x 7'10" )) Bedroom 4 (2.2 x 3.9 (7'2" x 12'9" )) Bedroom 5 (4.5 x 3.9 (14'9" x 12'9")) Bedroom 6 (4.5 x 3.6 (14'9" x 11'9")) Basement/Cellar Lounge (4.55 x 5 (14'11" x 16'4"))
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
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FAQ
About 138, Eastgate, Louth
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