Lovelle says ..
Lovelle Estate Agency are delighted to bring to the market this opportiuty to acquire a grade II listed, former warehouse and wool market for the Louth Corporation in 1825 for the storage and sale of wool which spans over approximately 4147 sqft (385 sqm). The building has more rece...
Property Oracle says ..
This property in Kidgate, Louth, presents a unique opportunity, but also significant challenges. The Grade II listed former warehouse offers considerable space with potential for conversion into multiple residential units, as indicated by the included floor plans. The eleven bedrooms and six bathrooms suggested in the property details are likely the result of such a potential conversion. The central Louth location and proximity to well-regarded schools are strong selling points. However, the property is in need of modernisation and renovation. The exterior shows some signs of wear, and the internal layout will require significant work. The limited outdoor space is a drawback. The price is substantial and its reasonableness hinges heavily on a successful conversion into residential units; the market value post-refurbishment needs thorough assessment. Prospective buyers must factor in extensive renovation costs and potential delays involved in working with a listed building. A professional survey and detailed cost analysis are strongly recommended before committing to purchase.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 7
- Land
- 2
- Bedrooms
- 11
- Bathrooms
- 6
- Sqft (est)
- 1,099.50
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 197,200.00 £Decreased by 6.39 %
- Est sale value
- 245,188.50 £Decreased by 6.69 %
- Average area rental value
- 547.00 £/moDecreased by 9.88 %
- Est letting value
- 0.00 £/mo
- Est rental Yield
- 3.33 %Decreased by 3.76 %
- Crime Rate
- 72.00 %Unchanged by 0.00 %
Agent Activity
Lovelle created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Louth Kidgate Primary Academy | Academy Converter | Outstanding | 0.25 KM |
| King Edward Vi Grammar School | Academy Converter | 0.57 KM | |
| Greenwich House School | Other Independent School | Good | 0.78 KM |
| St Michael'S Church Of England School, Louth | Voluntary Controlled School | Good | 0.87 KM |
| Louth Academy | Academy Sponsor Led | 0.98 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Pawnshop Passage | £ 105,000 | 0 | 0.00 KM |
| Butcher Lane | £ 0 | 0 | 0.00 KM |
| Westgate | £ 0 | 0 | 0.00 KM |
| Westgate Place | £ 0 | 0 | 0.00 KM |
| Millers Court | £ 0 | 0 | 0.00 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Kidgate, Louth, LN11 | £ 280,000 | BUY | Unknown | 0.00 KM |
| 14 Kidgate Louth LN11 9HN | £ 115,000 | BUY | 6 / 10 | 0.04 KM |
| Lee Street, Louth LN11 9HJ | £ 299,995 | BUY | 7 / 10 | 0.07 KM |
| Lee Street, Louth LN11 9HJ | £ 335,000 | BUY | 7 / 10 | 0.07 KM |
| Lee Street, Louth, Lincolnshire, LN11 | £ 72,500 | BUY | 5 / 10 | 0.08 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 15a Kidgate | £ 28,000 | 0.00 KM |
| 11 Kidgate | £ 125,000 | 0.00 KM |
| 8 Kidgate | £ 170,000 | 0.00 KM |
| 4 Kidgate | £ 129,000 | 0.00 KM |
| 13b Kidgate | £ 40,000 | 0.00 KM |