Town Street, Louth LN11

Property Details: - Type: Detached house - Bedrooms: 5 - Bathrooms: 2

Agent: Town & Country Property Auctions - East Midlands Phone: 0116 484 1584

<b>For sale by Online Auction - 24th ofJune 2026</b><br/><br/>Rare Mixed-Use Freehold Opportunity with Significant Development Potential<br/><br/>TCPA East Midlands is pleased to present this exceptional and rarely available mixed-use freehold property, offering approximately 1,236 sq ft of accommodation and substantial scope for refurbishment, conversion, and future development.<br/><br/>This probate sale presents an exciting opportunity for investors, developers, and owner-occupiers seeking a property with multiple value-add strategies. The estate valuation in its current condition is £265,917.<br/><br/>Investment Highlights<br/>Detached mixed-use property formerly operating as a post office<br/>Potential to convert into a substantial 5-bedroom family residence (subject to any required consents)<br/>Large plot with extensive gardens and outbuildings<br/>Detached annex building<br/>Garage/workshop<br/>Barn with stable<br/>Solar panels installed on the main building<br/>Scope for modernisation and enhancement throughout<br/>Potential for rear single or double-storey extensions (subject to planning)<br/>Potential redevelopment opportunity, including replacement of the workshop and barn to create a new detached dwelling, subject to planning permission<br/>Estimated Gross Development Value (GDV) in excess of £500,000 following redevelopment and improvements<br/>Accommodation<br/>Ground Floor<br/>Former post office/shop area<br/>Two reception rooms<br/>Kitchen/dining room<br/>Additional ground-floor bedroom<br/>First Floor<br/>Four generously sized bedrooms<br/>Family bathroom<br/>Spacious landing/reception area<br/>External Features<br/>Attractive side garden with ornamental pond<br/>Large rear garden<br/>Off-road parking<br/>Detached annex building<br/>Garage/workshop<br/>Barn and stable<br/>Tenure<br/><br/>Freehold<br/><br/>Occupancy<br/><br/>Vacant Possession<br/><br/>Auction Information<br/><br/>The property is entered into our 24 June 2026 Auction.<br/><br/>Pre-auction offers will be considered.<br/><br/>Please see video <br/><br/>For further information or to arrange a viewing, please contact the TCPA East Midlands Office.<br/><br/><b>UNCONDITIONAL LOT</b> Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).