The Old Post Office, Town Street, South Somercotes, Louth, Lincolnshire, LN11 7BH
- PROPERTY TYPE
Detached
- BEDROOMS
5
- BATHROOMS
2
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Rare investment/ development opportunity
- 5 bedroom detached mix use buidling
- side garden with pond
- back garden with parking space, workshop, annex and barn/stable
Description
Rare Mixed-Use Freehold Opportunity with Significant Development Potential
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.
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.
Investment Highlights
Detached mixed-use property formerly operating as a post office
Potential to convert into a substantial 5-bedroom family residence (subject to any required consents)
Large plot with extensive gardens and outbuildings
Detached annex building
Garage/workshop
Barn with stable
Solar panels installed on the main building
Scope for modernisation and enhancement throughout
Potential for rear single or double-storey extensions (subject to planning)
Potential redevelopment opportunity, including replacement of the workshop and barn to create a new detached dwelling, subject to planning permission
Estimated Gross Development Value (GDV) in excess of £500,000 following redevelopment and improvements
Accommodation
Ground Floor
Former post office/shop area
Two reception rooms
Kitchen/dining room
Additional ground-floor bedroom
First Floor
Four generously sized bedrooms
Family bathroom
Spacious landing/reception area
External Features
Attractive side garden with ornamental pond
Large rear garden
Off-road parking
Detached annex building
Garage/workshop
Barn and stable
Tenure
Freehold
Occupancy
Vacant Possession
Auction Information
The property is entered into our 24 June 2026 Auction.
Pre-auction offers will be considered.
Please see video
For further information or to arrange a viewing, please contact the TCPA East Midlands Office.
UNCONDITIONAL LOT 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).
Brochures
Legal DocumentsOnline Bidding- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
The Old Post Office, Town Street, South Somercotes, Louth, Lincolnshire, LN11 7BH
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Visit our security centre to find out moreDisclaimer - Property reference 350601. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Town & Country Property Auctions, Oswestry. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Town & Country Property Auctions, Oswestry on 0117 463 3986.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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