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2 The Sidings, Louth LN11 0PX - Image 1
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2 The Sidings, Louth LN11 0PX - Image 3
2 The Sidings, Louth LN11 0PX - Image 4
2 The Sidings, Louth LN11 0PX - Image 5

2 The Sidings, Louth LN11 0PX

East Midlands

£219,950
Listed on 08/05/2025

Property Details

Bedrooms
2
Type
Detached house
Area
678 sqft

Description

This detached two-bedroom bungalow presents a promising opportunity for renovation and investment, nestled in a tranquil cul-de-sac just a short stroll from the town center. With essential amenities such as Morrisons and Aldi supermarkets nearby, this location combines convenience with residential serenity. Constructed in the late 1990s by the reputable Grantham Brothers, the property features brick-faced cavity walls and a sturdy pitched roof. The interior includes traditional timber-framed, double-glazed windows that offer character alongside functionality. A gas central heating system ensures year-round comfort, and the lounge is complemented by a coal-effect gas fire. The layout provides ample space with a full-width dining lounge featuring a charming walk-in bay window, which allows natural light to flood the room. The well-appointed breakfast kitchen contains an extensive range of cabinetry and appliances, setting the stage for modern updates. Both bedrooms overlook the surprisingly spacious rear garden, enhancing their appeal for potential buyers seeking outdoor space. The property's exterior is just as significant as its interior. Set on an unexpectedly large plot obscured by mature plants and shrubs, it includes established fruit trees and various seating areas that offer potential for enhancements or redesign. An attached garage and car port provide practical storage solutions while also serving as opportunities for further development. A wet room offers essential facilities but could benefit from modernization to increase both functionality and value. This aspect of the home presents an opportunity for investors looking to upgrade or expand. Louth itself is known for its vibrant community life, including regular markets and diverse local events throughout the year. The town boasts a variety of cafes, restaurants, and recreational facilities such as sports clubs and leisure centers that enhance its appeal to families and individuals alike. With highly regarded schools in close proximity and excellent transport links to nearby cities like Grimsby and Lincoln, this property stands as a viable candidate for those looking to invest in a growing area. In summary, this bungalow offers not only comfortable living but also considerable potential for renovation or investment in one of Louth’s most desirable locations.

Investment Analysis

(LN11 area)

Above Market Value

This property is priced +46.4% above area average per sq ft

+46.4%
This Property
£324/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£161
Avg Yield
2.9%

Renovation Potential

Est. Renovation Cost
£21,995 - £54,988
10-25% of property value
Target Value
£165,307
10% above area average per sq ft
Potential ROI
-39.9%
After renovation
Monthly Sales
21
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LN11)

Area prices are rising by +5.4% over the last 12 months
3 year growth: 5.5%
5 year growth: 16.6%
Investment Disclaimer: Analysis based on LN11 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

2 The Sidings, Louth LN11 0PX
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