Guide price
£100,000
5 bed detached house for saleThe Old Post Office, Town Street, South Somercotes, Louth, Lincolnshire LN11
5 beds
2 baths
Just added
Auction
Freehold
About this property
For sale by Online Auction - 24th ofJune 2026
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).
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).
Mortgage calculator
Monthly repayment
£500 per month
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