We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom bungalow · LN9 5LP
Sold STCListed 147 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market is this immaculately presented and beautifully maintained detached two-bedroom modern bungalow, occupying a highly desirable position within the town and surrounded by delightful, colourful gardens.
This attractive home offers well-appointed accommodation throughout, and an internal inspection is highly recommended to fully appreciate everything on offer.
Further benefiting from the advantage of NO UPWARD CHAIN, the property presents an excellent opportunity for a wide range of purchasers.
ENCLOSED ENTRANCE PORCH With tiled floor, wall light and uPVC door leading to: RECEPTION HALL having laminate flooring, radiator, smoke detector, telephone point, built-in shelved storage cupboard, access to the roof void.
LOUNGE 16' 6" x 11' 9" (5.03m x 3.58m) Having feature fire surround and hearth, having fitted coal-effect gas fire, laminate flooring, feature bay window with radiator, TV point, glazed double doors to: DINING ROOM 9' 9" x 9' 9" (2.97m x 2.97m) Having laminate flooring, radiator, open access to kitchen and uPVC sealed double glazed double doors to : SUN LOUNGE 12' 0" x 8' 0" (3.66m x 2.44m) Having Thermo Save insulated ceiling, part-brick with uPVC sealed double glazed windows, doors to rear garden, with ceiling fan light, under floor heating.
Laminate timber flooring.
KITCHEN 9' 8" x 9' 8" (2.95m x 2.95m) Having stainless steel 1½ bowl single drainer sink unit with mixer tap and range of base cupboards and drawers under worktops with wall cupboards over.
Built-in electric fan assisted oven and grill, four ring gas hob with extractor fan and light over, integral fridge and freezer, Hoover dishwasher, part-tiled walls, laminate flooring, radiator.
UTILITY ROOM 9' 0" x 4' 7" (2.74m x 1.4m) Having worktops with base and storage cupboards with wall cupboards over, laminate flooring, radiator, extractor fan, door to garage and uPVC sealed double glazed door to the rear garden.
BEDROOM ONE 11' 9" x 11' 7" (3.58m x 3.53m) Having radiator, built-in double wardrobe.
EN-SUITE WET ROOM 6' 9" x 5' 8" (2.06m x 1.73m) (Max) Having shower area with electric shower unit, curtain and rail, pedestal hand basin, low level WC.
Part-tiled walls, wall mirror, shaver point, extractor fan. BEDROOM TWO 13' 0" x 9' 4" (3.96m x 2.84m) With radiator.
SHOWER ROOM 9' 9" x 6' 0" (2.97m x 1.83m) (Max) Having fully tiled walls and floor, walk-in shower cubicle, pedestal hand basin and low level WC.
Wall mirror, heated towel rail, built-in airing cupboard with shelving and radiator.
OUTSIDE - GARAGE 16' 8" x 8' 6" (5.08m x 2.59m) Having electric remote control roll-up door, worktops with storage space under, radiator and gas fired wall mounted combination boiler.
THE GARDENS The property is approached over a tarmac driveway with block paving for extra parking with footpaths, small lawn, well stocked and colourful rose and flower beds.
To the rear, which is fully enclosed, private and south-facing, are footpaths and patio area, shaped lawns with well stocked and colourful flower and shrub beds.
Small gravelled seating area with raised pond, surrounded by flower and shrub beds. There is a GREENHOUSE and garden STORE SHED 12' 0" x 6' 0" (3.66m x 1.83m) included in the sale.
Outside lights and two outside cold water taps. OUTGOINGS - The property is situated within the East Lindsey District Council. Property Band C.
POSSESSION - Vacant possession will be given on completion. FIXTURES AND FITTINGS - All those detailed are included in the sale as are the fitted carpets.
VIEWING - Strictly and only by prior appointment to be made through the Sole Selling Agent - Walters
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Carlisle Gardens, Horncastle
Explore nearby