2-bedroom bungalow · LN11 8RY
For saleReduced £29.9k (−11.1%) on 23 OctListed 93 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market with no forward chain, this detached two-bedroom bungalow occupies a desirable position on the sought-after Wood Lane in Louth and presents an excellent opportunity for buyers looking to create a home tailored to their own tastes.
Requiring a programme of modernisation throughout, the property offers fantastic potential and is ideal for those seeking a rewarding renovation project.
The accommodation is well planned and comprises a welcoming entrance hall leading to a spacious front-facing lounge, providing a comfortable space to relax and unwind.
The lounge opens into a separate dining area positioned at the rear of the property, enjoying pleasant views over the rear garden and creating an ideal setting for everyday dining or entertaining family and friends.
The kitchen offers a practical layout with excellent scope for refurbishment or redesign to suit individual requirements.
The bungalow further benefits from two well-proportioned bedrooms, both offering comfortable accommodation, together with a shower room that completes the internal layout.
Outside, the property enjoys attractive gardens to both the front and rear.
The front garden enhances the property's kerb appeal and is complemented by a driveway providing ample off-road parking, leading to a detached garage that provides additional storage or secure parking.
The enclosed rear garden offers a delightful outdoor space with excellent potential for landscaping, making it ideal for gardening enthusiasts or those wishing to create a peaceful place to relax.
Wood Lane is a highly regarded residential location within the popular market town of Louth, offering convenient access to a wide range of amenities, independent shops, supermarkets, cafés, and leisure facilities.
Excellent transport links and nearby countryside further enhance the appeal of this desirable setting.
With its generous plot, detached design, garage, driveway, and exceptional scope for improvement, this property represents a fantastic opportunity for buyers looking to modernise and add value.
Early viewing is highly recommended to appreciate everything this home has to offer. Entrance Hall Entering the property reveals a radiator and a carpeted floor.
Living Room (19' 9'' x 17' 8'' (6.03m x 5.39m)) The living room has a window to the front elevation, a radiator and a carpeted floor. The dining room is found off the living room.
Dining Room The dining room has French doors to the rear elevation, a radiator and a carpeted floor.
Kitchen (9' 10'' x 9' 4'' (3m x 2.85m)) The kitchen has a window to the rear elevation, a door to the side elevation and a range of fitted units with a sink and drainer and plumbing for a washing machine.
Bedroom One (10' 10'' x 11' 9'' (3.30m x 3.57m)) Bedroom one has a window to the front elevation, a radiator and a carpeted floor.
Bedroom Two (11' 8'' x 8' 9'' (3.56m x 2.66m)) Bedroom two has a window to the rear elevation, a radiator and a carpeted floor.
Shower Room (6' 9'' x 6' 7'' (2.07m x 2.00m)) The shower room has an opaque window to the rear elevation, fully tiled walls, a heated towel rail and a tiled floor.
There is also a WC, basin and a large cubicle with a mains shower. Garage (17' 9'' x 8' 1'' (5.40m x 2.46m)) The garage has an up and over door.
Outside With gardens to the front and rear and with parking to the front on the driveway.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 53, Wood Lane, Louth
Explore nearby