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Legbourne Road, Louth LN11

East Midlands

£350,000

Listed on 24/05/2026

Property Details

Bedrooms
3
Type
Detached
Area
3539 sqft

Description

Located in the historic market town of Louth, this detached residence on Legbourne Road offers a remarkable chance for those looking to invest in a property with considerable renovation potential. The house requires a comprehensive modernisation effort, making it a blank canvas for creating a custom family home that reflects your personal style. Currently, the layout features an inviting lounge, spacious kitchen-diner, three decent-sized bedrooms, and a family bathroom. The outdoor space is particularly noteworthy, boasting extensive grounds at both the side and rear, which not only enhances privacy but also opens up prospects for further development, pending necessary planning approvals. Previously functioning as boarding kennels, the site still contains numerous kennel structures that present unique opportunities for reuse or conversion into various facilities such as an annex or home office. In addition to the main accommodation, there are several outbuildings that could be transformed into additional living spaces or workshops. With off-road parking available for multiple vehicles and a garden area to the front setting the property back from the road, this home holds immense investment potential in a desirable location. It is ideal for investors, developers, or families eager to embark on a project that promises substantial future rewards.

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
£60,000 - £90,000
Target Value
£860,136
10% above area average per sq ft
Potential ROI
+95.5%
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 LN11
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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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