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See how verdicts work2-bedroom house · LN9 6PQ
For saleReduced £20k (−5.9%) on 26 OctListed 84 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO ONWARD CHAIN! The Cottage is a large, farmhouse style property occupying a long plot with generous, South-facing garden and patio spaces - in the popular village of Mareham on the Hill.
Located within two miles of the Georgian market town of Horncastle, the property provides driveway parking and a large garage.
Accommodation comprises: entrance hallway, stepping through to well-appointed dining kitchen; large lounge with adjacent garden room looking across the landscaped flower beds and a versatile studio / office to the ground floor, with two bedrooms - including master with en suite - and family bathroom above.
Entrance Hallway - 5'8" x 6'10" - Entered to the side through uPVC double glazed door, with window to rear. Light to ceiling, vinyl flooring. Glazed door to kitchen.
Kitchen/Dining Room - 12'1" x 11'7" - With uPVC double glazed windows to front and side, lights to ceiling.
1 1/2 sink and drainer to roll edge worktop, storage units to base and wall levels including open corner shelving and glazed unit.
Newworld oven and belling induction hob beneath extractor, space and connections for under counter appliances. Radiator, tile effect flooring, log burning stove on tiled stand.
Glazed French doors to study, door to lounge. Lounge - 19'6" x 11'5" - Having uPVC double glazed windows to front and rear, lights to ceiling.
Log burning stove on tiled stand with oak surround, carpet, radiators, multiple power points. uPVC double glazed sliding doors to conservatory.
Garden Room - 6'6" x 10'1" - With uPVC double glazed windows to front, side and rear; light to ceiling. Multiple power points, tiled flooring.
Office / Studio - 11'8" x 6'10" - With uPVC double glazed window to rear, lights to ceiling. Carpet, radiator, multiple power points.
Landing - 2'7" x 3'3" - With uPVC double glazed windows to rear, light to ceiling. Carpet, radiator, multiple power points.
Bedroom 1 - 12'0" x 11'5" - Having uPVC double glazed window to rear, light to ceiling. Carpet, radiator, multiple power points.
En Suite - 12'4" x 5'6" - With uPVC double glazed obscured window to side, lights to ceiling. Low level wc, pedestal sink, bath with shower attachment. Airing cupboard, radiator, wood effect flooring.
Bathroom - 8'2" x 7'10" - With spot lights to ceiling, loft access hatch. Low level wc, pedestal sink, shower cubicle with monsoon and regular heads over, vinyl flooring. Heated towel rail.
Bedroom 2 - 11'0" x 11'4" - Having uPVC double glazed windows to side and rear, light to ceiling. Carpet, radiator, multiple power points. Built in bedroom furniture.
Outside - The property is approached from the road up a concreted driveway leading to the garage, standing alongside a gravelled garden space with greenhouse.
The main garden is laid to lawn with gravelled flower beds home to a wealth of shrubs and flowers, leading down the north (road) side of the garden alongside a paved path.
With hedged and fenced boundaries, the south-facing garden is a child and pet friendly secure space. Further flower bed sits before a generous, brick paved patio seating area.
A gate beneath brick arch leads from the patio to a brick paved path which accesses the rear yard, home to gravelled storage space, the oil tank and a pair of useful outbuildings… Utility - 9'3" x 8'1" - With uPVC double glazed door to rear yard space, wood door to front.
Multiple power points, light to ceiling. Housing floor standing, oil fuelled firebird boiler. Store - 5'1" x 9'8" - Garage - 17'5" x 16'10" -
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 The Cottage, Mareham On The Hill, Horncastle
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