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2 The Sidings, Louth LN11 0PX - Image 1
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2 The Sidings, Louth LN11 0PX

East Midlands

£219,950
Listed on 08/05/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1108 sqft

Description

This detached two-bedroom bungalow offers a unique opportunity for renovation and investment, situated in a tranquil cul-de-sac just minutes from the town center. The property is conveniently located near essential amenities, including supermarkets like Morrisons and Aldi, making it ideal for those who appreciate easy access to local services. Constructed in the late 1990s by a reputable local builder, this home features a driveway and carport, along with an attached garage. The interior includes a spacious dining lounge that spans the width of the bungalow and is enhanced by a charming walk-in bay window. A well-fitted breakfast kitchen provides ample storage and workspace, while the wet-room adds functionality to the layout. One of the standout features of this property is its surprisingly large rear garden. Currently overgrown with various plants and shrubs, this outdoor space has significant potential for landscaping or even expansion, making it an attractive prospect for gardening enthusiasts or those looking to create their own outdoor retreat. Additionally, there are established fruit trees, a greenhouse, and a shed included within the garden area. While some modernization is required throughout the property, it presents an excellent opportunity for buyers to add value through renovations tailored to their taste and lifestyle. The absence of any onward chain further facilitates a smooth transaction process. The property's location in Louth provides easy access to both the scenic Lincolnshire Wolds and charming market town attractions. Louth boasts regular markets, various cultural activities, and an array of cafes and restaurants that contribute to its vibrant community atmosphere. Furthermore, there are highly regarded schools nearby as well as sports facilities that appeal to families. Overall, this bungalow not only offers comfortable living but also promises considerable investment potential for those prepared to invest time into refurbishing it into a modern home tailored to current market preferences.

Investment Analysis

(LN11 area)

Below Market Value

This property is priced -10.3% below area average per sq ft

-10.3%
Potential saving
This Property
£199/sq ft
Area Average
£221/sq ft
Avg Rent (weekly)
£157
Avg Yield
2.8%

Renovation Potential

Est. Renovation Cost
£21,995 - £54,988
10-25% of property value
Target Value
£269,599
10% above area average per sq ft
Potential ROI
-1.9%
After renovation
Monthly Sales
29
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (LN11)

Area prices are rising by +5.1% over the last 12 months
3 year growth: 4.9%
5 year growth: 17.4%
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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