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£135,000
Terraced · 1 bed · 1 bath
Kidgate, Louth, LN11
0.05 miles away
Freehold
Auction
1/13
Auction
1/13
2 bed flat for sale Mercer Row, Louth, LN11
Guide Price
£65,000
Reduced on 01/10/2026
Reduced on 01/10/2026
For sale by auction
- Type
- Flat
- Bedrooms
- 2
- Bathrooms
- 1
- Tenure
- Leasehold
Service charge £250 a year(from the agent's description)Ground rent £100 a year(from the agent's description) Council tax Band A £1,517 a year
* From the agent's description. Check it with them before you rely on it.
Key features
- Sold Via Modern Auction
- Town Centre Location
- Remodelled First Floor Apartment
- Modern Neutral Interior
- Communal Hallway
- Open Plan Living Kitchen Space
- Contemporary Shower Room
- Two Bedrooms
- Communal Gravelled Garden
- No Forward Chain Involved
About this property
Modern two-bedroom flat in town centre. Open-plan living, neutral décor, communal and outdoor space, EPC D, council tax band A. Ideal for first-time buyers or investors. Leasehold. Being sold by modern method of auction - t&c's apply. Starting Bid £65,000
We are absolutely delighted to present this neutrally decorated flat for sale, ideally located in a bustling town centre. This property is a gem, perfect for first-time buyers, investors, or those seeking a holiday let or a 'lock up and leave' property. The flat boasts an open-plan layout, one of its key unique features, which includes a spacious reception room that seamlessly flows into a modern kitchen. This open-plan design not only maximises the available living space but also brings an abundance of natural light into the property, creating a bright and airy ambience that is truly welcoming.
Floorplan
Council tax
Band A £1,517 a year
Per year
- Band AThis home: £1,517
- Band B£1,770
- Band C£2,023
- Band D£2,276
- Band E£2,782
- Band F£3,287
- Band G£3,793
- Band H£4,552
This home is in band A, which costs £1,517 a year in East Lindsey for 2026/27.
Figures from MHCLG (Open Government Licence v3): the average bill for each band across East Lindsey, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone. Check a home's band on GOV.UK.
Location
Mercer Row, Louth, LN11
Mortgage and stamp duty
Property price £65,000
£33k £98k
Deposit11% £7,000
£0 £65k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years
A £58,000 mortgage. Most lenders would want a household income of about £13,000 to support it.
A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.
Properties sold nearby
HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.
| Address | Type | Sold | Size | Size | £/sq ft | Price |
|---|---|---|---|---|---|---|
| Apartment 1, Reindeer Buildings, 11, Mercer Row Flat / maisonette | Flat / maisonette | Oct 2022 | 721 sq ft £148/sq ft | 721 sq ft | £148 | £106,500 |
| Apartment 2, Reindeer Building, 11, Mercer Row Flat / maisonette | Flat / maisonette | Apr 2022 | 441 sq ft £213/sq ft | 441 sq ft | £213 | £94,000 |
| Apartment 1, Reindeer Buildings, 11, Mercer Row Flat / maisonette | Flat / maisonette | Mar 2022 | 721 sq ft £137/sq ft | 721 sq ft | £137 | £99,000 |
| 23a, Mercer Row Terraced | Terraced | Mar 2011 | 947 sq ft £211/sq ft | 947 sq ft | £211 | £200,000 |
| 5a, Mercer Row Terraced | Terraced | Jan 2011 | 517 sq ft £168/sq ft | 517 sq ft | £168 | £87,000 |
| The Old Warehouse, Little Butcher Lane, Mercer Row Terraced | Terraced | Apr 2008 | n/a | n/a | n/a | £177,500 |
| 17, Mercer Row Terraced | Terraced | Jun 2007 | n/a | n/a | n/a | £235,157 |
| 15a, Mercer Row Semi-detached | Semi-detached | Aug 2006 | 667 sq ft £195/sq ft | 667 sq ft | £195 | £130,000 |
Area insights
The neighbourhood around this property.
