This semi-detached townhouse in the center of Louth presents a valuable opportunity for investors and renovators alike. Currently configured as a three-storey structure, it features a one-bedroom flat on the ground floor and a two-bedroom flat on the upper levels, both equipped with gas-fired central heating and a full fire alarm system.
Louth, often referred to as the 'Capital of the Wolds,' offers a unique blend of historic charm and modern amenities. The town is situated within an Area of Outstanding Natural Beauty, approximately 15 miles from the coast and well-connected to Grimsby and Lincoln. Residents benefit from an array of local services including shops, restaurants, several supermarkets, and educational institutions like King Edward's VI Grammar School. The town also provides recreational options such as Louth Golf Course, various parks, and cultural venues including Riverhead Theatre.
The property itself holds significant renovation potential. The enclosed rear yard includes a brick outbuilding that is currently used for storage but could be repurposed into additional living space or flexible work areas pending planning approval. The existing layout allows for straightforward updates to enhance rental income or create desirable living spaces.
With the ground floor flat currently achieving £495 per month in rent and the upper flat generating £525 per month, there is already established rental income while offering room for value enhancement through refurbishment or reconfiguration.
Overall, this property not only serves as an investment with immediate returns but also offers considerable scope for future development in a location with strong market demand.
