Summary - 8 Forlander Place LN11 7WA
2 bed 1 bath Flat
Two-bedroom apartment with parking, long lease and steady rental income near town centre.
- Tenant in situ (buy-to-let)
- Top-floor flat, no private garden
- Two double bedrooms and separate living room
- Allocated off-street parking space
- Long lease: 950 years from 2001
- Service charge £950 (below average) and ground rent £30
- Area: high crime and very deprived — affects lettings
- Broadband fast, mobile signal excellent; flood risk low
A practical buy-to-let opportunity in central Louth, offered with a tenant in situ and a very long lease (950 years remaining). The top-floor flat provides two double bedrooms, a separate living room and a fitted kitchen, with an allocated off-street parking space and communal lawned gardens. Broadband and mobile signal are strong, supporting modern tenant needs.
Running costs are straightforward: a below-average service charge of £950 and low ground rent of £30. The building is a purpose-built, three-storey brick block constructed c.1996–2002 with double glazing and gas central heating, suggesting reasonable thermal performance and low immediate major-capital expense.
Location is a key selling point for tenants — short walks to Louth town centre, local shops, canal-side walks and schools. Note the area’s higher-than-average crime and very deprived local deprivation indicators; these factors can influence rental levels and tenant turnover and should be considered when assessing yield and management requirements.
This property suits an investor seeking a let-ready, low-maintenance flat with secure parking and long lease security. Buyers should verify the current tenancy terms, confirm service-charge inclusions, and arrange a full inspection and tenancy audit before purchase.
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