3-bedroom terraced house · LN11 0PJ
For saleListed 254 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*NO ONWARD CHAIN* TES Property bring to the market this attractive property located in the sought after village of Covenham St Mary, located just a short drive from the A16 which provides easy access to all main routes and is only approximately 6.2 miles to the market town of Louth.
This delightful cottage is fronted with a large driveway which provides ample off road parking which leads down to further parking if required.
There is an enclosed rear garden with patio area and outbuildings with an area laid to lawn.
Internally the property benefits from a kitchen diner, living room, three bedrooms and a modern four piece suite bathroom. Viewing is highly recommended!
Porch - 1.756m x 1.949m (5'9" x 6'4") - Enter the property via a uPVC door with uPVC double glazed window to the side, there is a radiator, tiled flooring and a door leading into the kitchen.
Kitchen Diner - 2.415m x 7.242m (7'11" x 23'9") - The kitchen is fitted with a range of wall, base and drawer units with a complementary worktop over incorporating a 1 bowl stainless steel sink unit with drainer and mixer tap, there is space for an oven with extractor above, space for a dishwasher and benefitting from an integrated fridge freezer.
Dual aspect uPVC double glazed windows to the rear and side with patio doors leading out to the rear garden, tiled flooring, splashbacks, two radiators, wall mounted 'Wallstar' boiler and ample dining space.
A door leads into the living room.
Living Room - 7.014m x 3.726m (23'0" x 12'2") - Bright and airy room with dual aspect UPVC double glazed windows to side and two to the front, there is a feature fireplace with tiled hearth, built in storage cupboard, wall lighting, and two radiators.
A staircase leads up to the first floor landing. Landing - Loft access hatch and access to all first floor rooms.
Bedroom 1 - 2.716m x 3.705m (max) (8'10" x 12'1" (max)) - With uPVC double glazed window to the front, a radiator, built in wardrobe and 2 x storage cupboards and spotlights to the ceiling.
Bedroom 2 - 3.256m (max) x 3.146m (max) (10'8" (max) x 10'3" ( - Dual aspect uPVC double glazed windows to the front and side, a radiator, spotlights to the ceiling and a TV aerial point.
Bedroom 3 - 2.911m (max) x 3.171m (max) (9'6" (max) x 10'4" (m - Dual aspect uPVC double glazed windows to the side and rear and spotlights to the ceiling.
Family Bathroom - 2.433m x 3.657m (7'11" x 11'11") - Spacious room fitted with a modern four piece suite consisting of a panelled bath with hand held shower attachment, a walk in shower with rainfall shower head and additional attachment, and a wash hand basin and w/c in vanity unit with storage cupboards.
The splashbacks are tiled, there is a uPVC double glazed privacy glass window to the rear, spotlights to the ceiling, heated towel rail, loft access hatch and a storage cupboard fitted with shelving and heated towel rail.
Outhouse/ W.C - 1.880m x 2.485m (6'2" x 8'1" ) - A useful space which has space and plumbing for a washing machine and tumble dryer and further benefits from a W.C, wash hand basin and a shower tray with shower attachment.
There is a wooden window and door, power points and concrete flooring.
Workshop - 10m x 4m (32'9" x 13'1" ) - Large useful workshop which is only 2 years old and still in great condition, with power, lighting, an outside tap and houses the oil tank.
Outside - The property is fronted with a sizeable gravelled area providing off road parking for multiple vehicles.
To the side is a long block paved driveway which measures approximately 21.5 meters in length and leads to double opening timber gates, the driveway then continues down the side of the property and leads to the rear where there is further parking space if required.
A spacious patio area over looks the garden with a pathway leading down the side of the workshop to an area laid to lawn to the rear where there is a timber shed which measures 5.5m x 3.2m.
There is fencing and mature shrubs to the boundary. Agent Notes - We have been informed by the vendor that there is a right of way access through the garden for the neighbouring properties.
Services - Mains water, drainage and electricity are understood to be connected with oil fired central heating.
The agents have not tested or inspected the services or service installations and buyers should rely on their own survey.
Tenure - The property is believed to be freehold and we await solicitors confirmation. Brochure Prepared - June 2025. 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
Agent & docs

FAQ
About Ings Lane, Covenham St. Mary, LN11
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