1-bedroom flat · LN11 0LY
For saleListed 226 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*NO ONWARD CHAIN* *BUY TO LET* TES Property bring to the market this attractive second floor apartment located within the town centre of Louth, close to all shops and amenities.
This delightful property internally consists of a bright and airy kitchen/living/diner with one double bedroom and a bathroom and further benefits from a large attic with ample storage space.
Viewing is highly recommended.
Location - Louth - The historic market town of Louth; fondly known as the 'Capital of the Wolds' and beautifully positioned in an Area of Outstanding Natural Beauty is approximately 15 miles from the coast, 16 miles from Grimsby and 30 miles from Lincoln.
It has a wealth of local services and amenities to offer.
Popular points of interest include the 'people's park' of Hubbard Hills and Westgate Fields, the last remaining Lincolnshire Cattle Market and the spectacular St James' Church, boasting the tallest medieval parish church spire of approx 287 feet /87.6 m.
Other features include Louth Golf Course and Kenwick Park Golf Course, Louth Tennis Centre, London Road Sports Pavilion, Riverhead Theatre, Playhouse Cinema, Louth Museum, Kenwick Park Gym and Spa and Meridian Leisure Centre.
As well as excellent local schools including King Edward's VI Grammar School, a doctors surgery and a hospital.
Louth is particularly well known for its vast array of independent shops, butchers and delicatessens, thrice weekly markets and the New Market Indoor Hall all offering outstanding local produce as well as three supermarkets; Morrisons, Co-Op and Aldi.
Communal Entrance - Communal Stairways - The flat is accessed via a communal entrance with multiple staircases leading up to the second floor landing where you will find the door to flat 5.
Entrance Hall - You enter the flat into the hallway where there are doors into the kitchen/ living area, bedroom and bathroom. There is a built in storage cupboard, wooden flooring and a radiator.
Open Plan Kitchen/Dining/Living - 5.288m x 5.038m (17'4" x 16'6") - Bright and airy space with kitchen, dining area and living area.
There are single glaze timber sash windows to the front and side, radiator, T.V aerial point and smoke alarm.
The kitchen is fitted with a range of wall, base and drawer units with worktop over incorporating a 1.5 bowl stainless steel sink unit with drainer and mixer tap, there is space for washing machine, fridge and oven, and a cupboard houses the wall mounted boiler.
Bathroom - 2.236m x 2.375m (7'4" x 7'9") - Fitted with a three piece suite consisting of a panelled bath with shower over and glass screen, w/c and wash hand basin, there is a heated towel rail, wooden floor, part tiled walls and extractor.
Bedroom - 3.112m x 3.560m (10'2" x 11'8") - Double bedroom with single glazed timber sash window to the front and a radiator.
Views - Agent Notes - The property is currently tenanted and is to be sold with tenant in situ and is currently achieving £500 pcm.
Services - Mains water, gas, drainage and electricity are understood to be connected.
The agents have not tested or inspected the services or service installations and buyers should rely on their own survey.
Tenure - The property is leasehold with 153 years remaining and a monthly service charge of £55.00. Viewings - By prior appointment through TES Property office in Louth admin.
Opening Hours - Monday to Friday 9:00am to 5:00pm Saturday 9:00am to 1:00pm
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
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FAQ
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