2-bedroom terraced house · LN9 6AW
Opportunity summary
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About
Walters bring to the market this two-bedroom end-terrace house, occupying a pleasantly set-back position off Spilsby Road and enjoying some stunning open views over the adjoining farmland.
Although the property requires complete renovation, it offers excellent scope and potential for prospective purchasers to create a home to their own requirements, with ample opportunity to extend, if required and subject to the necessary planning permissions.
The property benefits from mains gas and electricity, together with a shared septic tank, and is offered to the market with the advantage of NO UPWARD CHAIN.
The accommodation has gas fired central heating, uPVC sealed double glazed windows and briefly comprises: ENCLOSED ENTRANCE PORCH With door to INTERNAL LOBBY with access to both living room and dining room.
LIVING ROOM 10' 10" x 10' 4" (3.3m x 3.15m) Having feature brick open fireplace and tiled hearth, double radiator, door to kitchen.
DINING ROOM 10' 11" x 10' 4" (3.33m x 3.15m) With door to kitchen and door to the inner hall.
KITCHEN 14' 7" x 3' 4" (4.44m x 1.02m) Having stainless steel single drainer sink unit with mixer taps, double base cupboard and two drawers under worktops. Hotpoint electric cooker, wall shelving.
INNER HALL with staircase to the first floor, door to: CLOAKROOM With high level WC. FIRST FLOOR SMALL LANDING BEDROOM ONE 14' 10" x 12' 0" (4.52m x 3.66m) With views over the front garden.
BEDROOM TWO 9' 8" x 7' 6" (2.95m x 2.29m) With views over the rear garden and farmland beyond.
Door to: BOX ROOM 7' 3" x 6' 2" (2.21m x 1.88m) BATHROOM 12' 0" x 4' 5" (3.66m x 1.35m) Having a cast iron bath, hand basin, double radiator and gas fired wall mounted combination boiler.
OUTSIDE The property is approached down a shared driveway from Spilsby Road, over a private driveway with small front garden and access to the side garden where there is slabbed footpaths and parking areas.
The garden is mainly laid to lawn. LEAN-TO STORE SHED 10' 6" x 9' 10" (3.2m x 3m) With power and light connected. Set within the gardens is a timber SUMMER HOUSE and two garden STORE SHEDS.
OUTGOINGS - The property is set within the East Lindsey District Council. Property Band B. POSSESSION - Vacant possession will be given on completion.
FIXTURES AND FITTINGS - All those detailed are included in the sale. VIEWING - Strictly and only by prior appointment to be made through the Sole Selling Agent - Walters.
Value & comps
No previous sales on record.
Returns
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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 Spilsby Road, Horncastle
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