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Legbourne Road, Louth

East Midlands

£175,000

Listed on 29/09/2026

The listing

Property details

Bedrooms
3
Type
Semi Detached
Area
1247 sqft

Description

This spacious three-bedroom semi-detached house offers approximately 1,247 sq ft of living space, presenting a unique opportunity for renovation and improvement. The property features two reception rooms, a kitchen, a conservatory, a ground-floor WC, three bedrooms, and a first-floor shower room. Outside, the generous front garden is established and includes useful storage and a shed. Conveniently located near Louth town centre, residents will benefit from easy access to local amenities such as shops, schools, and cafés. Additionally, public transport links are readily available, along with good road connections via the A16, providing access to surrounding towns and the Lincolnshire coast. This home is offered with no onward chain, making it an excellent choice for buyers looking to create their ideal living space.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

72out of 100
Grade BGood opportunity

Confidence: MEDIUM

This spacious three-bedroom semi-detached home is an excellent opportunity for buyers looking to acquire a property at a notably cheap asking price of £175,000, which stands at £140/sqf compared to the local average of £221/sqf. This presents a significant margin for value enhancement once renovations are completed. The home offers a generous layout of approximately 1,247 sq ft, and the 'no onward chain' simplifies the purchasing process, making it an attractive option for those ready to invest in modernisation.

While the property does require extensive refurbishment, including updates to the dated interiors, kitchen, and garden, the potential to create a stylish family home is evident. The good condition of the bathroom adds a positive touch amidst the overall dated presentation. With renovation costs estimated between £40,000 and £80,000, there is ample scope for improvement, which could increase the property's value in the local market significantly.

Key opportunities

  • Spacious layout of 1,247 sq ft, allowing for creative redesign and modernisation.
  • No onward chain simplifies the purchasing process, providing a quicker entry into the property market.
  • Good condition of the bathroom offers a solid starting point for further improvements.

Key risks

  • Medium renovation project scale requiring extensive modernisation.
  • Potential damp issues may need to be assessed during renovations.
  • The overgrown garden may require significant effort to restore.

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Map

Location

Legbourne Road, Louth
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£661
Based on a loan of £131,250 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.

Tax

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Indicative tax based on the asking price and the options you select.

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