Summary - 3 SCHOOL HOUSE COTTAGES LOUTH LN11 9HL
1 bed 1 bath Terraced
Immediate income with refurbishment upside in a central town location.
Freehold mid‑terrace one‑bed cottage, approx. 517 sq ft
Long‑term tenant in situ producing £5,400 gross pa
Approximate gross yield c. 8.6% at asking price
Small rear yard only; limited private external space
On‑street parking; no allocated parking space
Some internal areas appear dated and may need updating
Located in a deprived area with higher local crime levels
Buyer’s Premium applies to complete purchase
A compact one-bedroom mid-terrace cottage in Louth offered with a long-term tenant in situ — a straightforward addition for a buy-to-let portfolio. The property is freehold, measures about 517 sq ft, and sits close to town amenities, schools and transport links, making it easy to let to working tenants.
Current rental income is £5,400 pa on a £63,000 purchase price, giving an approximate gross yield of 8.6%. The tenant has occupied the property for several years and intends to remain, creating immediate cashflow with minimal void risk. A Let Property Pack is available for full tenancy and income verification.
The house retains period character externally but internal rooms are modest and some areas are dated, presenting scope to upgrade for higher rents or capital growth. External space is limited to a small rear yard; parking is on-street. The immediate area is classed as deprived with higher local crime levels — factors to weigh against the rental return and purchase price.
Buyers should note a Buyer’s Premium applies to secure the purchase. This property suits investors or developers looking for a low‑entry investment that produces immediate income and potential uplift through modest refurbishment.
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