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5 bed property, in The Old Post Office, £100,000
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5 bed detached house

The Old Post Office, Town Street, South Somercotes, Louth, Lincolnshire LN11
Auction Planning
£100,000

Our Summary

  • 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
  • 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
  • The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated)

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Description

The property is a detached mixed-use freehold building with approximately 1,236 sq ft of accommodation. It currently consists of a ground-floor former post office/shop area and two reception rooms, a kitchen/dining room, and a bedroom, with a first floor featuring four bedrooms, a family bathroom, and a spacious landing/reception area. External features include attractive side and rear gardens, off-road parking, a detached annex building, a garage/workshop, and a barn with a stable.