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Eastfield Road, Louth - Image 1
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Eastfield Road, Louth - Image 3

Eastfield Road, Louth

East Midlands

£450,000
Listed on 14/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a compelling opportunity for the development of nine residential units, backed by full planning permission (Reference: N/105/00213/23). Located in Louth, a market town known for its vibrant community and weekly markets, this site is conveniently positioned approximately one mile from the town centre, providing easy access to essential amenities including schools, supermarkets, and independent shops. The existing structures on the site have been successfully demolished, allowing for immediate commencement of construction. Mains services are anticipated to be available, although due diligence should be conducted to confirm their status. This is an ideal investment for developers looking to capitalize on the local housing demand in the East Midlands region. Potential buyers are advised to undertake their own planning inquiries and seek professional guidance as needed.

Investment Analysis

(LN11 area)
Area Average
£221/sq ft
Avg Rent (weekly)
£161
Avg Yield
3.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£600,000 - £900,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (LN11)

Area prices are stable by +0.6% over the last 12 months
3 year growth: -2.5%
5 year growth: +12.9%
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

Eastfield Road, Louth
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,623
Based on a loan of £337,500 over 30 years at 4.06% 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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