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Keeling Street, North Somercotes, Louth

East Midlands

£210,000
Listed on 31/07/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1121 sqft

Description

This three-bedroom detached house presents a prime opportunity for renovation and investment, situated in a tranquil neighborhood that boasts accessibility to local amenities and green spaces. The property features a spacious layout, making it an ideal canvas for those looking to implement their own design vision. Upon entering the house, you are greeted by an entrance hall that leads to various living spaces. The reception room is a comfortable area highlighted by a log-burning stove set within a decorative brick surround, providing a cozy atmosphere. Its doors open into a generous conservatory with triple-aspect windows that flood the space with natural light, enhancing its potential as an inviting gathering area. The kitchen offers practical functionality with wall and base units alongside essential appliances and plumbing options. While it currently serves its purpose, there is significant scope for modernization or reconfiguration to create an open-plan layout that better suits contemporary living. The dining room flows seamlessly from the reception area and provides ample space for family meals or entertaining guests. Nearby, the three bedrooms offer flexibility; the master bedroom is particularly spacious and includes built-in wardrobes, while the second bedroom also provides generous dimensions. The third bedroom can easily serve as an office or guest room, appealing to various buyers based on their needs. The bathroom features a three-piece suite with potential for updates to reflect personal tastes. A separate WC adds convenience for family living. The outdoor space is equally promising, featuring a large garden that is fully enclosed for privacy. The garden is predominantly laid to lawn with established plants and trees which could benefit from landscaping enhancements. A patio area offers a tranquil spot for outdoor enjoyment or barbecues during warmer months. Additionally, two timber sheds and a greenhouse provide supplementary storage or gardening options. The property includes off-road parking via a paved driveway alongside a bricked outbuilding, adding utility and further investment potential. As this home requires some renovation work, it offers scope for both immediate comfort and long-term value appreciation in this appealing location. This freehold property falls under Council Tax Band B within the jurisdiction of East Lindsey District Council, making it an attractive option for first-time buyers or investors looking to capitalize on rental opportunities in this desirable area. Viewing arrangements can be made by appointment to fully appreciate what this home has to offer in terms of potential and possibilities.

Investment Analysis

(LN11 area)

Below Market Value

This property is priced -15.0% below area average per sq ft

-15.0%
Potential saving
This Property
£187/sq ft
Area Average
£220/sq ft
Avg Rent (weekly)
£163
Avg Yield
3.3%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£271,714
10% above area average per sq ft
Potential ROI
+15.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (LN11)

Area prices are rising by +3.4% over the last 12 months
3 year growth: 2.7%
5 year growth: 18.0%
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

Keeling Street, North Somercotes, Louth
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£769
Based on a loan of £157,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE