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See how verdicts work3-bedroom house · LN9 5SU
Listing removedListed 194 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO ONWARD CHAIN! 10 Millstone Close is a substantial, detached bungalow; occupying an end-of-close position within convenient walking distance of Horncastle’s services and amenities.
Built by respected local firm Bell & Shinn, the property offers flexible spaces; with up to four bedrooms including a master suite on the ground floor and two comfortable doubles with built in storages spaces on the first floor (plus the family bathroom).
Alongside the further bedroom / study space, the ground floor is laid out with an open-style dining kitchen, lounge, and front (South-West facing) Sun Room, stepping out to the patio style garden.
Off the well-appointed kitchen is a useful utility, and cloakroom. The property is complete with a large garage and gravelled drive, and is contained by a perimeter wall.
The Georgian market town of Horncastle is located approximately 20 miles from the vibrant county city of Lincoln; while the coast is a touch further to the East - both accessed via regular public links from the town centre.
The Spa Trail walking route and Horncastle's concentrated area of sporting facilities are particularly close to the property with a footpath offering direct access.
Millstone Close leads back to Langton Hill, at the bottom of which is the prestigious Queen Elizabeth's Grammar School and a petrol station and convenience store.
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 10 Millstone Close, Horncastle
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