2-bedroom semi-detached house · LN11 0NJ
Listing removedReduced £10k (−7.1%) on 21 JunListed 306 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tucked away in this quiet and private position within close proximity to Louth centre and all amenities is this rare opportunity to acquire this converted semi detached chapel.
Offered for sale with no forward chain, the property does require some modernisation and refurbishment works and is realistically priced to encourage an early sale .
Ideal for first time buyers, investors or retirement, the property benefits from two allocated off road parking spaces, along with a low maintenance courtyard garden which includes an outside storage space ideal for bicycles or motorbikes.
Internal viewing will reveal surprisingly spacious living accommodation which is comprised of : Hallway, open plan lounge kitchen, bathroom suite, two bedrooms and en suite shower room off the main bedroom.
The property offers plenty of scope and potential for any purchaser to place their own stamp on the internal living space. Entrance Hall Entering the property reveals a radiator and laminate flooring.
There are also two built in cupboards. Kitchen/Diner/Lounge (22' 1'' x 15' 2'' (6.73m x 4.63m)) With a great open plan space with two windows to the front elevation, a radiator and laminate flooring.
There is also a range of fitted units with a one and a half sink and drainer, plumbing for a washing machine, an electric oven and gas hob with an extractor over.
Bedroom Two (11' 8'' x 18' 4'' (3.55m x 5.59m)) Bedroom two has two windows to the rear elevation and a radiator.
Bathroom (10' 8'' x 5' 11'' (3.26m x 1.80m)) The bathroom has two opaque windows to the front elevation, a radiator, WC, basin, bath and a shower cubicle with a mains shower.
Stairs Stairs lead to the first floor with access to the loft. Bedroom One (19' 3'' x 15' 3'' (5.86m x 4.66m)) Bedroom one has two windows to the front elevation and a radiator.
En-Suite (8' 2'' x 6' 4'' (2.50m x 1.93m)) The en-suite has a radiator, WC, basin and a shower cubicle with a mains shower.
Outside With a tidy courtyard garden space accessed through a gate and also providing access to the neighbouring property. There is also allocated parking.
Value & comps
No previous sales on record.
Returns
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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 2 Old Chapel Mews, Ramsgate Road, Louth
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