Summary - 46 QUEEN STREET LOUTH LN11 9BL
1 bed 1 bath Terraced
Fully let Victorian block with clear refurbishment upside near town centre amenities.
- Current gross rent £17,220 per year from fully occupied units
- Mid-terrace Victorian, three storeys with high ceilings
- Layout: ground-floor flat plus four bedsits (all let)
- Requires full modernisation throughout, including windows and services
- Rear courtyard and brick store provide external space and storage
- Located in conservation area, short walk to town centre amenities
- Area shows higher crime and wider deprivation; factor investor risk
- Council Tax Band A keeps tenant costs low
A substantial mid-terrace Victorian building in Louth's conservation area, configured as a ground-floor flat plus four bedsits. The property is fully occupied and produces a current gross rental income of £17,220 per annum (ground floor flat £475pcm; four bedsits £240pcm each). Its traditional façade, high ceilings and three-storey layout offer clear scope to enhance value through refurbishment and reconfiguration.
The building requires full modernisation throughout: refurbishment of kitchen and bathroom fittings, replacement or upgrade of single-glazed windows, and general redecoration and services updating. The accommodation includes a rear courtyard and brick store, useful for tenant amenity or ancillary storage. Services are understood to be connected but have not been tested; buyers should commission their own surveys and service inspections.
This is an investor-focused opportunity: an established rental income in a walkable town-centre location with good local amenities and strong schools nearby. Note material considerations — the property sits in an area with higher crime and wider area deprivation, broadband and mobile signals are only average, and it will require capital investment to modernise. The low council tax band (A) helps tenant affordability and supports rental demand, but refurbishment costs should be factored into the purchase appraisal.
4 bedroom terraced house for sale in High Holme Road, Louth, LN11 — £159,950 • 4 bed • 2 bath • 646 ft²
1 bedroom terraced house for sale in Lee Street, Louth, Lincolnshire, LN11 — £72,500 • 1 bed • 1 bath • 517 ft²
Commercial property for sale in Mercer Row, Louth, LN11 — £92,500 • 1 bed • 1 bath • 409 ft²
2 bedroom terraced house for sale in Mount Pleasant, Louth, LN11 — £149,995 • 2 bed • 1 bath • 657 ft²
3 bedroom town house for sale in Upgate, Louth, LN11 9ER, LN11 — £185,000 • 3 bed • 3 bath • 1610 ft²
Shop for sale in Queen Street, Louth, LN11 — £60,000 • 1 bed • 1 bath • 754 ft²
