Summary - 178, High Holme Road LN11 0JX
4 bed 2 bath Terraced
Central, income-producing terrace with refurbishment upside and parking potential.
Two self-contained flats producing £11,280 per annum current rent
A compact Victorian mid-terrace in Louth's conservation area, currently split into two self-contained flats and generating a reported £11,280 pa in rent. The freehold plot is small and set close to town centre amenities, making it well suited to a hands-on landlord or an investor seeking an in‑town, income-producing asset with immediate letting history.
The building requires full modernisation throughout: there is no main heating system present (electric heaters assumed), solid brick walls likely lack cavity insulation and some refurbishment work is needed to bring finishes and services up to current standards. Despite these shortcomings, the property benefits from double glazing installed since 2002 and mains services are understood to be connected.
Accommodation layout provides two flats (ground and first floor) with separate access, two bathrooms and four bedrooms in total across approximately 646 sq ft. Outside is a small shared yard with a possible car parking space — useful in a central location where parking is otherwise limited. Council Tax Band A and the town’s strong rental demand support affordable running costs and tenant interest.
This is a renovation-led investment: predictable near-term income from existing ASTs (£490 pcm and £450 pcm) combined with scope to increase value through refurbishment, improved heating and insulation, and selective reconfiguration. Buyers should factor in refurbishment costs, potential conservation-area constraints, and to verify tenure and services via legal and building surveys.
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