2-bedroom flat · LN11 8AN
Sold STCListed 148 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious first floor flat with its own garden area, ideally situated within convenient distance of the town centre.
Benefiting from gas central heating and its own private ground floor entrance, this well presented property offers comfortable and practical living accommodation.
Offered for sale with no onward chain, making it an ideal first time purchase or invest investment property. EPC rating C.
what3words: blunt.goodness.champions Property additional info Ground Floor Entrance Lobby: With uPVC double glazed entrance door and matching side panel, electric consumer unit and meter and stairs leading to 1st floor landing.
Landing: With radiator, access to roof space, and built in cloaks cupboard.
Lounge: 3.98 x 4 metres With large uPVC double glazed window, feature fireplace housing an electric fire, coved ceiling, radiator, TV aerial point.
Kitchen: 2.76 x 3.16 metres With modern fitted kitchen comprising of wall and base cupboards, granite effect worktops, stainless steel sink having mini sink and drainer board, tiled splash backs, breakfast bar, integrated electric oven and hob with extractor hood over, plumbing for washing machine, radiator, built-in pantry cupboard, Vaillant gas fired central heating boiler, tiled floor, and large uPVC double glazed window with outlook across grassed open space.
Bathroom: 1.81 x 2.19 metres With 'P' shaped panelled bath having glass shower screen and electric shower over, close coupled toilet, wash basin, tiled walls and floor, heated towel rail and uPVC double glazed window.
Bedroom 1: 3.1 x 3.59 metres With built-in wardrobe having sliding doors, radiator and uPVC double glazed window.
Bedroom 2: 3.15 x 3.98 metres With fitted wardrobes and dressing table, built in airing cupboard housing hot water cylinder, radiator, large uPVC double glazed window with open aspect.
Outside: The property enjoys a small garden area which includes a lawn, flower and shrub beds, a metal storage shed, as well as two small brick stores.
Services: The property is understood to have mains water, gas, electricity and drainage. Gas fired central heating.
Tenure: The property is leasehold with a long lease for a term of 125 years from 19th November 1990.
Current service charge is understood to be £45.02 per month and their is a ground rent of £30 per year.
Council Tax Band: According to the government online portal, the property is currently in Council Tax Band A.
Location: Louth is an attractive market town with a population of approximately 17,000 and enjoys a thrice weekly open market, independent shops and national retailers, three supermarkets, leisure centre, two golf courses, cinema and theatre.
The town is positioned on the edge of the Lincolnshire Wolds a designated area of natural beauty and is situated some 25 miles north -east of the city of Lincoln and some 16 miles south of the town of Grimsby.
Mobile: We understand from the Ofcom website there is 70% coverage from EE, 71% from 02, 65% from Vodaphone and 63% from Three.
Broadband: We understand from the Ofcom website that standard broadband is available at this property with a standard download speed of 14 Mbps and an upload speed of 1Mbps.
Superfast broadband is available with a download speed of 72 Mbps and upload speed of 18Mbps. Ultra fast broadband is also available with a download speed of 1000Mbps and an upload speed of 100Mbps.
Openreach and Virgin Media are the available networks.
Mandatory Buyer Anti-Money Laundering Check: Should a purchaser(s) have an offer accepted on a property marketed by John Taylors, they will need to undertake an identification check and asked to provide information on the source and proof of funds.
This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together to verify your information.
The cost of these checks is £45 inc VAT per person, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued.
This charge is non-refundable under any circumstances.
Value & comps
No previous sales on record.
Returns
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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 15 Broadley Crescent Louth LN11 8AN
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