2-bedroom flat · LN11 0FD
Sold STCListed 29 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Crofts are delighted to bring to the market this well-presented first-floor two-bedroom apartment, situated within a popular residential area of the town and offered for sale with no forward chain.
Built in 2014, this modern property offers well-proportioned accommodation and would make an ideal purchase for a first-time buyer, investor, or anyone seeking a convenient and low-maintenance “lock-up and leave” home.
The property is accessed via a secure communal entrance with an intercom entry system, leading into the well-maintained communal areas.
Internally, the accommodation is thoughtfully laid out and provides comfortable and practical living space throughout.
The apartment features a welcoming entrance hall providing access to all principal rooms.
The spacious lounge/diner offers an excellent area for both relaxing and entertaining, with the adjoining kitchen providing a range of fitted units and space for appliances.
There are two well-proportioned double bedrooms, including a principal bedroom benefiting from its own en-suite shower room. A separate family bathroom completes the internal accommodation.
Externally, the property benefits from an allocated parking space, providing valuable off-road parking for residents.
With its modern construction, practical layout, popular location and no forward chain, this apartment represents an excellent opportunity for a range of buyers.
Early viewing is highly recommended to fully appreciate the accommodation and position this property has to offer. Entrance An intercom system provides access to the stairs to the first floor.
Entrance Area An entrance area with a door into the first floor flat. Inner Hall With an electric heater, a carpeted floor and a large built in cupboard.
Lounge/Diner (18' 7'' x 9' 6'' (5.66m x 2.90m max)) The lounge-diner has a window to the front elevation, an electric radiator and a carpeted floor.
Kitchen (9' 3'' x 6' 3'' (2.82m x 1.91m)) The kitchen has a window to the rear elevation, an electric radiator and vinyl flooring.
There is also a range of fitted units with a sink and drainer, plumbing for a washing machine and an electric oven and hob with an extractor over.
Bedroom One (14' 3'' x 8' 8'' (4.35m x 2.65m)) Bedroom one has a window to the rear elevation, an electric radiator and a carpeted floor.
Bedroom Two (10' 0'' x 7' 9'' (3.06m x 2.37m)) Bedroom two has a window to the rear elevation, an electric radiator and a carpeted floor.
En-Suite (3' 11'' x 8' 8'' (1.19m x 2.63m)) The en-suite has an electric radiator and vinyl flooring. There is also a modern suite with a WC, basin and shower cubicle with an electric shower.
Bathroom (5' 4'' x 6' 4'' (1.63m x 1.94m)) The bathroom has an electric radiator and vinyl flooring. There is also a modern suite with a WC, basin and a bath.
Parking There is an allocated parking space to the flat.
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
About 10, Mallard Ings, Louth
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