2-bedroom bungalow · LN11 8BN
For saleListed 32 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Choice Properties are happy to present this well-maintained property Offering spacious and neutrally decorated accommodation throughout, the property benefits from two bedrooms, a generous reception room, kitchen/diner, enclosed rear garden, and ample driveway parking.
Located in the popular market town of Louth, the property is conveniently positioned for access to local amenities, schools, and transport links.
THIS IS A SHARED OWNERSHIP PROFERTY WITH 60% BEING OFFERED.
Hallway - 1.17m x 4.29m (3'10" x 14'1") - Upon entering the property, you are welcomed into a neutrally decorated hallway featuring white walls and grey carpeting.
The space also benefits from a small radiator and access to the loft.
Bedroom 1 - 2.77m x 3.43m (9'1" x 11'3") - The main bedroom is a spacious room, featuring fitted double wardrobes across one wall which provide ample storage.
A large window allows for plenty of natural light, while the neutral décor of white walls and grey carpet is complemented by a radiator.
Bedroom 2 - 2.77m x 2.84m (9'1" x 9'4") - The second bedroom is also a well-proportioned room, benefiting from a nicely sized window allowing for natural light and a radiator.
The room offers plenty of space for a bed and additional furniture, with the same grey carpeting continuing throughout.
Bathroom - 1.85m x 2.03m (6'1" x 6'8") - The bathroom is fitted with a three-piece suite comprising a WC, hand wash basin and a bath with shower over.
The room also benefits from a heated towel rail and a frosted window providing natural light and privacy.
Reception Room - 3.94m x 4.39m (12'11" x 14'5") - The reception room is a spacious area, with a large window allowing for plenty of natural light.
Featuring neutral décor and a radiator, the room also offers ample space for a range of furniture.
Kitchen / Diner - 2.90m x 7.32m (9'6" x 24'0") - The kitchen is fitted with a range of wall and base units, offering plenty of worktop and storage space.
There is room for a washing machine, fridge freezer and cooker with hob, along with an integrated extractor fan, while black tiled splashbacks run above the worktops.
The adjoining dining area benefits from a large window and double uPVC doors leading out to the patio area, with white walls and tiled flooring continuing throughout.
Garden - The rear garden is enclosed with fencing to all boundaries and features a great-sized patio area, a section of lawn, and a small decking area.
It provides the perfect outdoor space for anyone looking for a low-maintenance garden. Driveway - The block-paved driveway provides ample off-road parking for multiple vehicles.
Extra Information - If the property is purchased at the full 100% ownership (asking price), the property will become freehold.
Tenure - The ground rent is £282.44 which is inclusive of the service charge.
Council Tax Band - Local Authority - East Lindsey District Council, The Hub, Mareham Road, Horncastle, Lincolnshire, LN9 6PH Tel. No.
Website: Council Tax Band - According to the Valuation Office Agency Website the property is currently in Council Tax Band A.
Viewing Arrangements - Viewings by appointment through Choice Properties, Louth, Tel Opening Hours - Monday to Friday 9.00 a.m to 5.00 p.m. Saturday 9.00 a.m. to 3.00 p.m.
Making An Offer - If you are interested in making an offer on this gorgeous property, please have a chat with us and we will be happy to start the negotiations for you.
Under money laundering regulations, we will ask you to provide us with formal ID by way of either a passport or driving license together with a current utility bill.
If you are travelling from afar we would advise bringing this documentation with you in case this home is perfect for you.
We would also like to make you aware that we will require details of your estate agents, proof of funds should you be a cash buyer, and the details of the solicitors that will be acting on your behalf.
This will help us as agents to start this transaction for you.
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
About Stockwith Drive, Louth
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