2-bedroom house · LN9 5FH
For saleReduced £5k (−3%) on 14 OctListed 98 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the ever-popular Malsters Drive development in Horncastle, this beautifully presented two bedroom home offers stylish, modern accommodation that is ready to move straight into.
Finished to an exceptional standard throughout, the property has been meticulously maintained by the current owners, making it an ideal first-time purchase, investment or downsize.
The accommodation begins with a welcoming entrance leading into a spacious and bright lounge, providing an excellent space to relax or entertain.
To the rear of the property is a contemporary kitchen diner, fitted with a range of modern units along with an integrated dishwasher and offering ample space for a dining table.
French doors open directly onto the enclosed rear garden, creating a seamless connection between the indoor and outdoor living space, while a useful ground floor WC completes the accommodation on this level.
To the first floor are two well-proportioned double bedrooms, both offering comfortable living space, together with a modern family bathroom fitted with a contemporary three-piece suite.
Outside, the property benefits from off-road parking for one vehicle to the front.
The enclosed rear garden provides a private outdoor space ideal for entertaining, relaxing or family enjoyment, with access available both through the French doors from the kitchen diner and via a shared side passage.
Located within easy reach of Horncastle's excellent range of shops, cafés, schools and amenities, this immaculate home combines modern convenience with a highly sought-after location and is sure to appeal to a wide range of buyers.
Early viewing is highly recommended to fully appreciate everything this superb property has to offer.
Agent's Note: We have been informed by the owner that a maintenance charge will be payable in the future to cover the upkeep of the estate once it is fully completed.
At present, however, this charge is not yet in effect.
Lounge 4.8m x 3.84m - 15'9” x 12'7” Kitchen 3.84m x 3.72m - 12'7” x 12'2” WC First Floor Landing Bedroom 1 3.84m x 3.65m - 12'7” x 11'12” Bedroom 2 3.84m x 2.71m - 12'7” x 8'11” Bathroom 2.08m x 1.7m - 6'10” x 5'7”
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 10, Malsters Drive, Horncastle
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