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Lee Street, Louth, LN11

East Midlands

£145,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1089 sqft

Description

This mid-terrace house offers a generous amount of space and presents an excellent opportunity for renovation. Located just a short walk from the vibrant town center of Louth, the property is positioned in a desirable area known for its community feel and historical charm. Inside, the layout features two well-proportioned reception rooms that provide flexible living options, along with a functional kitchen that includes essential units and appliances. The ground floor also hosts a convenient WC. The upper level encompasses three bedrooms, one of which can easily serve as a home office or study, alongside a bathroom equipped with necessary amenities. While the interior may require modern updates, it provides a blank canvas for those looking to personalize their space or improve its overall appeal. The outdoor area consists of a long, manageable garden with storage options at the rear. This outdoor space allows for potential landscaping or expansion opportunities, making it suitable for gardening enthusiasts or families seeking room for children to play. Louth itself is renowned as the 'Capital of the Wolds,' offering an array of amenities including local shops, markets, and schools such as King Edward's VI Grammar School. It benefits from proximity to parks and recreational areas like Hubbard Hills and Westgate Fields. The town is also conveniently situated approximately 15 miles from the coast and has easy access to larger cities such as Grimsby and Lincoln. Given its location and potential for enhancement through renovation, this property represents an appealing investment opportunity for first-time buyers or those looking to expand their portfolio in a growing market.

Investment Analysis

(LN11 area)

Below Market Value

This property is priced -39.6% below area average per sq ft

-39.6%
Potential saving
This Property
£133/sq ft
Area Average
£220/sq ft
Avg Rent (weekly)
£163
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£263,957
10% above area average per sq ft
Potential ROI
+55.3%
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

Lee Street, Louth, LN11
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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
£531
Based on a loan of £108,750 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