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Priory Close, Louth

East Midlands

£175,000
Listed on 15/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
543 sqft

Description

Nestled at the end of a peaceful cul-de-sac just off Monks Dyke Road, this semi-detached bungalow presents a solid foundation for renovation and investment. With no forward chain, it offers immediate availability for prospective buyers seeking a project or those considering downsizing. The bungalow's layout consists of an inviting lounge, a kitchen dining room, two bedrooms, and a bathroom suite, with additional space provided by a small conservatory attached to the second bedroom. While the interior is functional, opportunities for modernization could greatly enhance both comfort and value. The presence of full uPVC double glazing and gas central heating provides a practical starting point for updates. The kitchen dining area is equipped with essential fittings and connects conveniently to the side driveway. It features modern units alongside space for appliances, creating potential for an upgraded culinary experience. The lounge benefits from natural light thanks to its front-facing window, providing a cozy atmosphere that could be further enhanced with contemporary design choices. Both bedrooms offer adequate space, with the first bedroom having views into the rear garden. The second bedroom's connection to the conservatory creates possibilities for expanding living space or developing an inviting retreat. The bathroom includes standard fittings but could benefit from modernization to meet current trends. Externally, the property boasts a good-sized driveway leading to a single garage, ensuring ample parking and storage options. The front garden is low maintenance due to its block paving, while the private rear garden hosts mature trees and shrubs that may require attention but hold great potential for landscaping enthusiasts or gardeners looking to create their ideal outdoor space. This property stands out not only as a comfortable home but also as an attractive investment opportunity in a desirable location. With thoughtful renovations, it has the potential to significantly increase its market value while providing functionality and charm in a quiet community setting.

Investment Analysis

(LN11 area)

Above Market Value

This property is priced +46.3% above area average per sq ft

+46.3%
This Property
£322/sq ft
Area Average
£220/sq ft
Avg Rent (weekly)
£163
Avg Yield
3.3%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £10,000
Target Value
£131,615
10% above area average per sq ft
Potential ROI
-28.9%
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

Priory Close, 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
£641
Based on a loan of £131,250 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