2-bedroom terraced house · LN9 6DL
For saleListed 87 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO ONWARD CHAIN! 4 Steadman Court is a well-presented, two-bedroom house providing modern, town-centre living off Horncastle's ever-popular Queen Street within the town's Conservation Area.
Accommodation comprises a generous living room on entrance, stepping through to kitchen with utility and cloakroom; two front-facing bedrooms and family bathroom above.
Externally, the property enjoys a low-maintenance South and West facing front garden and has one dedicated space (large enough for two cars) in Steadman Court's private parking area.
Within walking distance for most are this Georgian market town's range of services, amenities and schooling including the well-respected Queen Elizabeth's Grammar.
The town is located halfway between the East Coast and city of Lincoln - public transport regularly running from the centre of Horncastle to both - while the inland resort of Woodhall Spa and adjacent villages of Tattershall and Coningsby offer further leisure and other amenities.
Lounge - 16'11" x 10'1" - Entered to the front through wood door with window over. Double glazed wood sash window to front, lights to ceiling. Multiple power points, carpet, radiator.
Wood door to storage space beneath carpeted stairs, door to kitchen. Kitchen - 12'6" x 7'9" - Having double glazed wood sash window to front, spot lights to ceiling.
Units to base and wall levels, sink and drainer to roll edge wood effect worktop. Lamona oven and induction hob beneath extractor canopy.
Multiple power points, radiator, wall mounted, gas fired Worcester boiler. Wood door to utility.
Utility - 6'8" x 4'6" - With storage units to walls, roll edge wood effect counter with space and connections beneath for washing machine. Multiple power points, radiator, tiled flooring.
Wood door to cloakroom. Cloakroom - 6'8" x 2'10" - With spot lights to ceiling, low level wc, hand wash basin to corner storage unit. Tiled flooring.
Bedroom 1 - 16'2" x 8'12" - Having wood double glazed sash window to front, lights to ceiling. Carpet, radiator, multiple power points. Wood door to storage space.
Bedroom 2 - 12'2" x 9'1" - With wood double glazed sash window to front, lights to ceiling. Carpet, radiator, multiple power points. Bathroom - 7'2" x 7'10" - With skylight to rear, lights to ceiling.
Low level wc; hand wash basin to storage unit. Heated towel rail, p-shaped panel bath with shower over to tiled surround. Tiled flooring and to half height to walls.
Outside - The property enjoys a low maintenance, gravelled, front garden space with paved path leading to the front door, contained by low-level boundary walls.
A paved approach from East Street continues down through a secured gate to Steadman Court's dedicated parking 'yard', with the property having one dedicated space (large enough for two cars).
The parking area is accessed off Queen Street.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 4 Steadman Court, Horncastle
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