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See how verdicts work2-bedroom flat · LN11 9YW
Sold STCListed 364 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description The Bolthole is a spacious ground floor flat located in a former paper mill close to the popular market town of Louth.
Set in stunning grounds the flat which is in great condition comprises of an entrance hall, living room, kitchen diner, two bedrooms, utility and bathroom.
It also benefits from the use of beautiful communal gardens and an allocated parking space.
Location From the A16 roundabout follow the B1200 towards Louth town centre which leads onto Westgate and then turn right onto Troutbeck and the property is on the right.
Accommodation Entrance Hall Entrance door, window to side, radiator. Living Room Two windows to rear, brick fireplace, exposed beams to ceiling, radiator.
Kitchen Windows to both front and rear, stainless steel drainer sink, worktops, base and eye level storage units, integrated gas hob with electric oven below and extractor over, tiled splash backs, radiator.
Utility Wall mounted central heating boiler, worktop, space and plumbing for washing machine, wall mounted shelving, radiator. Bedroom One Window to side, radiator.
Bedroom Two Window to rear, radiator. Bathroom Obscure window to side, four piece suite including bath, shower cubicle, WC and was basin, heated towel rail.
Outside The property benefits from an allocated parking space and the use of beautiful communal gardens.
Other Tenure & Possession The property is leasehold subject to a 150 year term from 24th June 1993 with a ground rent of £200p/a.
There is an annual around £150 fee to cover the maintenance of the communal garden. Agent James Drabble or James Mulhall
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 The Bolthole, Troutbeck, Westgate, Louth, Lincolnshire, LN11 9YW
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