Kidgate, Louth, LN11
LO

Kidgate, Louth, LN11

By Lovelle

£ 280,000

Reviews

2 out of 5 stars

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 %
from 210,659.00 £
Est sale value
245,188.50 £
Decreased by 6.69 %
from 262,780.50 £
Average area rental value
547.00 £/mo
Decreased by 9.88 %
from 607.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
3.33 %
Decreased by 3.76 %
from 3.46 %
Crime Rate
72.00 %
Unchanged by 0.00 %
from 72.00 %

Agent Activity

  • Lovelle created the listing.

Nearby Schools

NameTypeOfstedDistance
Louth Kidgate Primary AcademyAcademy ConverterOutstanding0.25 KM
King Edward Vi Grammar SchoolAcademy Converter0.57 KM
Greenwich House SchoolOther Independent SchoolGood0.78 KM
St Michael'S Church Of England School, LouthVoluntary Controlled SchoolGood0.87 KM
Louth AcademyAcademy Sponsor Led0.98 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Pawnshop Passage £ 105,00000.00 KM
Butcher Lane £ 000.00 KM
Westgate £ 000.00 KM
Westgate Place £ 000.00 KM
Millers Court £ 000.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
Kidgate, Louth, LN11 £ 280,000BUYUnknown0.00 KM
14 Kidgate Louth LN11 9HN £ 115,000BUY6 / 100.04 KM
Lee Street, Louth LN11 9HJ £ 299,995BUY7 / 100.07 KM
Lee Street, Louth LN11 9HJ £ 335,000BUY7 / 100.07 KM
Lee Street, Louth, Lincolnshire, LN11 £ 72,500BUY5 / 100.08 KM

Nearby Properties

AddressPriceDistance
15a Kidgate £ 28,0000.00 KM
11 Kidgate £ 125,0000.00 KM
8 Kidgate £ 170,0000.00 KM
4 Kidgate £ 129,0000.00 KM
13b Kidgate £ 40,0000.00 KM