3-bedroom property · LN11 9AA
Listing removedListed 583 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in the heart of the thriving market of Louth, Choice Properties are delighted to bring to market this magnificent multi use property which provides any prospective buyer with the perfect investment opportunity.
This grade II listed Georgian period property still retains much of its historic charm and character but was converted in 2007 in order to create a block of three apartments and a shop unit below.
Situated practically opposite the Northgate long and short stay car parks, the property occupies a prime location in the centre of Louth providing both the shop with footfall and the flats with easy access to local amenities.
With the ability to to be used for both long term and holiday lets, Early Viewing Is Highly Advised.
Shop Front - 4.01m x 13.41m (13'2 x 44'0) - Well proportioned shop front with entrance door and large floor to ceiling shop windows to front aspect. Power points.
Door to:- Store Room - 2.84m x 4.24m (9'4 x 13'11) - Back room providing space for either storage or as back office. Power points.
Separate To The Shop Unit Is: - Communal Entrance Hall - 1.63m x 1.45m (5'4 x 4'9) - With hardwood entrance door and storage cupboards housing electric meters. Chequerboard ceramic tiling to floor.
Telephone intercom system to all three flats. Door to:- Communal Hallway - 1.65m x 4.85m (5'5 x 15'11) - With tiled flooring and storage cupboard. Staircase leading to communal first floor landing.
Plumbing for washing machine that is currently used as a communal washing machine for all three flats. External door to rear courtyard.
Communal Landing 1 - 1.57m x 6.10m (5'2 x 20') - With staircase leading to second floor communal landing. Window to front aspect.
Door to:- Flat 1 - Previously let at £350 PCM Flat 1 Hall - 1.30m x 0.81m (4'3 x 2'8) - With intercom system console.
Flat 1 Kitchen - 2.41m x 2.08m (7'11 x 6'10) - Fitted with wall and base units with work surfaces over. One bowl stainless steel sink with mixer tap and drainer. Integrated oven and hob. Power points.
Window to rear aspect. Flat 1 Studio Bedroom/Living - 4.06m x 3.35m (13'4 x 11'0) - Fitted with a large storage cupboard.
Flat 1 Shower Room - 2.01m x 1.09m (6'7 x 3'7) - Fitted with a three piece suite comprising of shower cubicle with electric shower, pedestal wash hand basin with single taps, and a push flush w.c.
Electric shaver points. Window to rear aspect. Communal Landing 2 - 1.09m x 2.82m (3'7 x 9'3) - Window to rear aspect.
Entrance doors to flats 2 and 3 Flat 2 - Previously let at £380 PCM Flat 2 Hallway - 0.79m x 0.99m (2'7 x 3'3) - Recess. Door to Flat 2 bedroom.
Door to:- Flat 2 Living Room - 2.69m x 4.19m (8'10 x 13'9) - Console for intercom system. Radiator. Power points. Tv aerial point. Window to front aspect.
Flat 2 Kitchen - 1.85m x 2.13m (6'1 x 7'0) - Fitted with wall and base units with work surfaces over. One bowl stainless steel sink with mixer tap and drainer. Four ring gas hob.
Integrated oven and hob. Power points. UVPC window to rear aspect.
Flat 2 Shower Room - 1.80m x 1.24m (5'11 x 4'1) - Fitted with a three piece suite comprising of corner shower cubicle with electric shower, pedestal wash hand basin, and a push flush w.c.
Part tiled walls. Wall mounted cabinet with mirror over. Flat 2 Bedroom - 3.07m x 1.80m (10'1 x 5'11) - Double bedroom with two windows to front aspect. Power points.
Flat 3 - Currently occupied and let at £425 PCM.
(Will be vacant by the end of May 2025) Converted attic with original exposed beams Flat 3 Living Room - 3.33m x 3.25m (10'11 x 10'8) - With a private staircase leading up to the living room.
Large feature beam to vaulted ceiling. Fitted shelving. Radiator. Power points. Tv aerial point. Two windows to front aspect. Door to bedroom.
Door to :- Flat 3 Kitchen - 1.91m x 2.11m (6'3 x 6'11) - Fitted with wall, base, and drawer units with work surfaces over. One and a half bowl stainless steel sink with mixer tap and drainer.
Four ring gas hob. Integrated oven and hob. Tiled flooring. Beamed ceilings. Space for fridge freezer. UVPC window to rear aspect.
Flat 3 Bedroom - 2.36m x 3.30m (7'9 x 10'10) - Double bedroom with beamed ceilings. Radiator. Power points. Window to front aspect.
Door to:- Flat 3 Ensuite Shower Room - 1.68m x 2.54m (5'6 x 8'4) - Fitted with a three piece suite comprising of corner shower cubicle with electric shower, push flush w.c, and pedestal wash hand basin with single taps.
Tiled flooring. Spot lighting. Feature stained glass windows. Tenure - Freehold.
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 - Viewing by appointment through Choice Properties Louth on .
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 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 photographic ID by way of either a passport or driving licence together with a current utility bill.
If you are travelling from afar we would advise bringing this documentation with you just 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 solicitors details, as this helps us to start the transaction quickly for you.
Value & comps
No previous sales on record.
Returns
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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
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