We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom bungalow · LN9 5AR
Sold STCListed 39 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No Onward Chain! Heath Way is a spacious, three bedrooms bungalow providing versatile accommodation within a popular, no through road location.
The property enjoys a generous garden leading down from the rear, looking East over the neighbouring playing field and towards the rolling hill-line beyond Horncastle: the plot totalling approx.
a sixth of an acre (sts). With large bedrooms and a central lounge, the property also provides a kitchen, shower room and cloakroom - and requires a scheme of updating.
A garage and drive provide parking spaces for multiple vehicles.
The well-serviced market town of Horncastle benefits from amenities including supermarkets, doctors surgery, post office, pharmacists, swimming pool and a wealth of other sports facilities plus an extensive range of local, independent shops and eateries.
There is also a full range of primary and secondary schooling including the well-respected Queen Elizabeth’s Grammar School, particularly local to Uplands Close.
The country capital of Lincoln and coastal resort of Skegness lie 21 miles West & East respectively, a regular public bus services links the town to both, while a new service runs to the inland resort of Woodhall Spa.
Hallway - 5'6" x 13'8" - Entered to the front through uPVC double glazed obscured door, with window alongside and above. Carpet, radiator, multiple power points. Wood doors to accommodation.
Bedroom 1 - 14'5" x 12'4" - With uPVC double glazed windows to front and side, light to ceiling. Tiled fireplace, radiators, multiple power points, carpet. Serving hatch to kitchen.
Kitchen - 14'0" x 8'11" - Having uPVC double glazed window to rear, high level window to side. Light to ceiling, storage units, sink and drainer to wood effect worktop.
Space and connections for appliances, carpet. Cloakroom - 2'11" x 5'5" - Having uPVC double glazed obscured window to rear, light to ceiling. Low level wc, tiled flooring and walls.
Bathroom - 5'0" x 5'4" - With uPVC double glazed obscured window to rear, light to ceiling. Pedestal sink, shower cubicle. Tiled to walls and floor, heated towel rail.
Living Room - 9'10" x 20'2" - Having uPVC double glazed sliding doors to rear, window to side. Light to ceiling, carpet, radiator, multiple power points. Wood door to storage space.
Bedroom 2 - 10'1" x 13'2" - Having uPVC double glazed window to rear, light to ceiling. Carpet, radiator, multiple power points.
Bedroom 3 - 9'9" x 8'10" - With uPVC double glazed window to front, light to ceiling. Carpet, radiator, multiple power points. Built in storage space.
Outside - The property is approached up a paved driveway, spanning the front and providing off road parking plus access to the Garage.
The front garden is set with mature shrubs, and a post and chain fence contains the front.
Gates down each side ensure a child and pet friendly secure garden, largely lawned with a patio seating space immediately off the rear.
Complete with summerhouse, greenhouse and mature shrubs and hedging, the garden continues to the rear where an Easterly aspect takes in the gently rolling hills beyond the town of Horncastle.
Garage - 8'6" x 22'8" - With up and over door to front, wood window to side. Light to ceiling, power points.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Heathway, Upland Close, Horncastle
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