3-bedroom house · LN9 6RX
For saleListed 4 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
5 Thomas Gibson Drive is a three-bedroom, semi-detached family home with garage, driveway and South-facing garden; located to a popular residential area in the market town of Horncastle.
With a large living-dining room, kitchen, conservatory and entrance hallway to the ground floor; bedrooms and bathroom to the first.
The full range of services and amenities available in this Georgian market town are within walking distance for most, with the county city of Lincoln and stunning Lincolnshire coastline located 21 miles west and east of the town respectively.
Horncastle boasts a range of schooling including the prestigious Queen Elizabeth's Grammar School. Lounge - 12'4" x 20'0" - With uPVC double glazed windows to front and rear, lights to ceiling.
Radiator, fire to oak surround, wood flooring, multiple power points. Carpeted stairs, glazed door to kitchen.
Kitchen - 12'0" x 7'3" - With uPVC double glazed window to rear, patio door to conservatory. Light to ceiling, storage units to base and wall levels.
Sink and drainer to roll edge worktop; oven, induction hob, space and connection for under counter washing machine and upright fridge-freezer. Tiled flooring.
Conservatory - 11'9" x 9'11" - Having uPVC double glazed windows to sides and rear, French doors to rear. Wood effect flooring, multiple power points.
Bedroom 1 - 9'1" x 12'9" - Having uPVC double glazed window to front, light to ceiling. Carpet, radiator, multiple power points.
Bedroom 2 - 8'5" x 13'1" - Having uPVC double glazed window to front, light to ceiling. Carpet, radiator, multiple power points, wood door to built in storage space.
Bedroom 3 - 6'1" x 7'1" - With uPVC double glazed window to rear, light to ceiling. Carpet, radiator, wood door to built in storage space.
Bathroom - 7'3" x 6'6" - With uPVC double glazed obscured window to rear, light to ceiling. Low level wc; pedestal sink, bath with shower over to tiles surround.
Heated towel rail, tile effect flooring. Garage - 8'4" x 16'6" - With light, and power connected.
Outside - The property is approached up a tarmac driveway to the front, leading to the integral garage and alongside a low maintained gravelled space.
The rear garden is lawned with attractive, mature flower beds throughout; patio seating areas and a timber shed. Contained by fencing and a side gate, the garden is a child and pet friendly space.
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
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FAQ
About 5 Thomas Gibson Drive, Horncastle
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