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High Holme Road, Louth - Image 1
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High Holme Road, Louth

East Midlands

£159,950
Listed on 30/12/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
646 sqft

Description

This mid-terrace property, located in the conservation area of Louth, presents a promising opportunity for investors looking to capitalize on its potential. Comprising two separately accessed flats, the property is situated in a prime corner location just moments from local amenities, currently generating a rental income of £11,280 per annum. While the interior requires significant modernization throughout, this offers a chance to redesign and enhance the living space to meet contemporary standards. The region boasts a wealth of attractions including independent shops, parks, and historic sites, making it an appealing spot for both residents and tenants alike. With local services readily available and a vibrant community atmosphere, this property can be transformed into an excellent investment asset in an attractive market town. Each flat features essential accommodation but will require updates to kitchens and bathrooms along with general refurbishment to create comfortable living spaces. Externally, there's a small shared yard that could potentially accommodate off-street parking with some adjustments.

Investment Analysis

(LN11 area)

Above Market Value

This property is priced +12.4% above area average per sq ft

+12.4%
This Property
£248/sq ft
Area Average
£220/sq ft
Avg Rent (weekly)
£163
Avg Yield
3.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£156,581
10% above area average per sq ft
Potential ROI
-21.7%
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

High Holme Road, 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
£586
Based on a loan of £119,962 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