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Grosvenor Road, Louth, LN11

East Midlands

£245,000

Listed on 18/05/2026

Property details

Bedrooms
3
Type
Detached Bungalow
Area
1259 sqft

Description

This three-bedroom detached bungalow is situated on the outskirts of Louth, a historic market town, and is positioned on an ample plot of approximately 0.17 acres. The property’s elevated setting contributes to its potential for significant renovation and expansion opportunities (subject to obtaining the necessary consents). It includes off-street parking, a single garage, and established gardens that enhance the appeal for those looking to invest in a project. Upon entering, you are greeted by an entrance hall that provides access to various rooms, featuring both an airing cupboard and additional storage space. The spacious lounge, which is an extension of the original structure, benefits from natural light through windows positioned at the front and side, offering views over the gardens. This area flows into the kitchen, allowing for a functional living and dining setup. The kitchen is equipped with wall and base units along with an electric cooker point, complemented by a dedicated dining space. A rear lobby connects the kitchen to the garden, providing convenient outdoor access. The accommodation comprises three double bedrooms. Bedrooms one and three are fitted with built-in wardrobes which optimize space efficiently. The versatile second bedroom can serve as a main bedroom or be adapted for use as an office or guest room. The bathroom features essential amenities including a panelled bath and wash hand basin, alongside a separate cloakroom WC for added convenience. Additionally, there’s a loft room accessible via a pull-down ladder, ideal for storage or hobby activities. Externally, the generous plot boasts south-west facing gardens designed to capture afternoon sunshine; this includes a sizable patio area suitable for entertaining. The property also benefits from useful outbuildings such as a single garage and timber store for equipment storage. Louth offers excellent local amenities including shops, cafes, schools, and parks nearby. The area promotes outdoor activities with its proximity to green spaces and access to local footpaths in the scenic Lincolnshire Wolds Area of Outstanding Natural Beauty. In conclusion, this bungalow presents an opportunity ripe for renovation with significant potential to increase value through modernisation or expansion on its sizable grounds.

Investment analysis

(LN11 area)

Below Market Value

This property is priced -12.1% below area average per sq ft

-12.1%
Potential saving
This Property
£195/sq ft
Area Average
£221/sq ft
Avg Rent (weekly)
£176
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£306,686
10% above area average per sq ft
Potential ROI
+4.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (LN11)

Area prices are falling by -2.5% over the last 12 months
3 year growth: -1.9%
5 year growth: +6.3%
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

Grosvenor Road, Louth, LN11
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£926
Based on a loan of £183,750 over 30 years at 4.45% 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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