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Upgate, Louth, LN11 9ER

East Midlands

£150,000
Listed on 29/12/2025

Property Details

Bedrooms
4
Type
Terraced house

Description

This freehold block of three flats offers a notable investment opportunity for buy-to-let enthusiasts. Nestled in a prime location directly opposite St James' Church in the heart of Louth, this Grade II listed end-of-terrace period townhouse spans three stories and is currently occupied by two one-bedroom flats and one two-bedroom flat. While the building showcases traditional solid brick construction with a rendered façade, it does require modernisation to unlock its full potential. Current features include single-glazed windows, separate gas boilers for each flat, and essential amenities such as mains water, electricity, and drainage. The communal areas are equipped with emergency lighting and smoke alarm systems but would benefit from aesthetic upgrades. The local area boasts a rich history and numerous amenities ranging from parks and recreational facilities to independent shops, making it an attractive prospect for renters. Given the conservation status of the property, any renovations should be approached thoughtfully to enhance both comfort and historical integrity while increasing rental value.

Investment Analysis

(LN11 area)
Area Average
£222/sq ft
Avg Rent (weekly)
£161
Avg Yield
2.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (LN11)

Area prices are stable by +0.3% over the last 12 months
3 year growth: -1.1%
5 year growth: +13.9%
Investment Disclaimer: Analysis based on LN11 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Upgate, Louth, LN11 9ER
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£541
Based on a loan of £112,500 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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