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Legbourne Road, Louth

East Midlands

£350,000

Listed on 21/05/2026

Property Details

Bedrooms
3
Type
Detached
Area
3539 sqft

Description

Located in the desirable Legbourne Road area of the historic market town of Louth, this detached property offers a rare chance for buyers interested in a renovation project with significant potential. The home is currently in need of modernisation throughout, presenting an opportunity to craft a family residence that aligns perfectly with your personal tastes and lifestyle needs. The existing layout features a welcoming lounge, a generously sized kitchen-diner, three good-sized bedrooms, and a family bathroom. One of the standout aspects of this property is its expansive outdoor space, which includes large grounds at the side and rear. This not only enhances privacy but also opens up possibilities for future development opportunities, pending necessary permissions. Formerly functioning as boarding kennels, the property boasts various kennel structures and related facilities, making it suitable for those looking to either continue in that line of business or repurpose these spaces for new ventures. Additionally, there are several useful outbuildings on-site that could easily be transformed into an annex, home office, workshop, or even extra living accommodation, again subject to appropriate consents. The property also features off-road parking suitable for multiple vehicles and has a front garden that provides distance from the road. With substantial investment potential in a sought-after location, this distinctive opportunity will appeal to investors, developers, and families eager to engage in a worthwhile project with extensive future possibilities.

Investment Analysis

(LN11 area)

Below Market Value

This property is priced -55.2% below area average per sq ft

-55.2%
Potential saving
This Property
£99/sq ft
Area Average
£221/sq ft
Avg Rent (weekly)
£162
Avg Yield
3.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£860,136
10% above area average per sq ft
Potential ROI
+100.0%
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
6%
Properties sold annually

Local Market Trend (LN11)

Area prices are stable by -1.7% over the last 12 months
3 year growth: -2.7%
5 year growth: +9.1%
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

Legbourne Road, Louth
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,249
Based on a loan of £262,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

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