- Freehold Investment Property
- Town Centre Location
- Mid Terrace Property - Ground Floor Flat & 4 Bedsits
- Fully Occupied
- Outside Courtyard
- Requiring Full Modernisation
*Attention Investors*
TES Property bring to the market this mid terrace property located within the conservation area of Louth, just a short walk into the town centre and all local amenities. The property requires modernisation throughout and internally comprises a ground floor flat and 4 bedsits, achieving a current rental income of £17,220 per annum.
Location -
The historic market town of Louth; fondly known as the ‘Capital of the Wolds’ and beautifully positioned in an Area of Outstanding Natural Beauty is approximately 15 miles from the coast, 16 miles from Grimsby and 30 miles from Lincoln.
It has a wealth of local services and amenities to offer. Popular points of interest include the ‘people’s park’ of Hubbard Hills and Westgate Fields, the last remaining Lincolnshire Cattle Market and the spectacular St James’ Church, boasting the tallest medieval parish church spire of approx 287 feet /87.6 m. Other features include Louth Golf Course and Kenwick Park Golf Course, Louth Tennis Centre, London Road Sports Pavilion, Riverhead Theatre, Playhouse Cinema, Louth Museum, Kenwick Park Gym and Spa and Meridian Leisure Centre. As well as excellent local schools including King Edward’s VI Grammar School, a doctors surgery and a hospital. Louth is particularly well known for its vast array of independent shops, butchers and delicatessens, thrice weekly markets and the New Market Indoor Hall all offering outstanding local produce as well as three supermarkets; Morrisons, Co-Op and Aldi.
Accommodation -
Ground Floor Flat -
Double Bedroom - 3.77m x 4.51m (12'4" x 14'9")
With sash window to front, radiator.
Bedroom 2 - 2.8m x 2.95m (9'2" x 9'8")
With sash window to rear, radiator.
Step up to Living Room - 3.82m x 3.63m (12'6" x 11'10")
With radiator, wall mounted boiler, sash windows.
Living Room/Dining Room - 5.27m x 4.3m (17'3" x 14'1")
With brick fireplace with tile hearth and wooden mantle, 2x cupboards and radiator.
Kitchen - 2.95m x 2.25m (9'8" x 7'4")
With base and wall units with drawers, stainless steel sink and drainer, space for fridge freezer, hob and tile splashbacks.
Bathroom -
With w.c, bath with electric shower over, wash hand basin, extractor, single glazed unit to side.
First Floor -
Bedsit 1 - 3.71m x 3.77m (12'2" x 12'4")
With sink and single glazed window.
Bedsit 2 - 3.2m x 2.769m (10'5" x 9'1")
With sink and single glazed window.
Bathroom -
Second Floor -
Bedsit 3 - 3.25m x 3.58m (10'7" x 11'8" )
With sink and single glazed window to rear.
Bedsit 4 - 2.95m x 3.8m (9'8" x 12'5")
With sink and single glazed window.
Kitchen -
Outside -
Rear Courtyard Garden -
Brick Store -
Tenancies -
Tenancies
We understand that the ground floor flat is currently let at a rent of £475 pcm and the bedsits are let at a rent of £240 pcm each.
Tenure -
The property is believed to be freehold and we await solicitors confirmation.
Services -
Mains water, gas, drainage and electricity are understood to be connected. The agents have not tested or inspected the services or service installations and buyers should rely on their own survey.
Brochure Prepared -
July 2024
Council Tax Band -
East Lindsey Council Tax Band – A
Viewings -
By prior appointment through TES Property office in Louth 01507 601633 admin.louth@tes-property.co.uk
Opening Hours -
Monday to Friday 9:00am to 5:00pm
Saturday 9:00am to 1:00pm
Free, no-obligation valuation for all properties or land in Lincolnshire and surrounding areas
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