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See how verdicts work2-bedroom bungalow · LN9 6PL
Sold STCListed 71 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO ONWARD CHAIN!
24 Roman Way is a very well-presented, two bedroom bungalow occupying a South facing position with low maintenance gardens, car port and garage parking and pedestrian access onto Spilsby Road; a convenient short-cut when walking into town.
Modernised and updated in recent years, the property enjoys a well-appointed kitchen; bathroom and solar panels - plus an attractive conservatory at the rear, a bright lounge at the front and two generous bedrooms including a long master.
Solar panels have been added to the roof, while the garage boasts an electric, remote control operated roller shutter door.
Hallway - 3'4" x 10'6" - Entered through double glazed, obscured, composite door with full height window alongside. With light to ceiling, tiled flooring, radiator, wood door to airing cupboard.
Kitchen - 9'9" x 9'7" - With uPVC double glazed window to front, lights to ceiling. Modern units to base and wall level, Neff oven and grill, four ring hob, integrated fridge-freezer and dishwasher.
1 1/2 sink and drainer to bevel edge worktop, breakfast bar, radiator; tiled flooring. Lounge - 11'9" x 17'0" - Having uPVC double glazed bow window to front, light to ceiling.
Electric fire to wood surround, carpet, radiators. Bedroom 1 - 8'9" x 15'1" - With light to ceiling, carpet, radiator, built wardrobe storage space. uPVC sliding doors to conservatory.
Conservatory - 10'11" x 8'10" - Having uPVC double glazed windows to side and rear, French doors to side. Lights to walls, tiled flooring.
Bedroom 2 - 10'6" x 8'7" - With uPVC double glazed window to rear, light to ceiling. Carpet, radiator, wood doors to built in wardrobe space.
Bathroom - 6'9" x 6'1" - With uPVC double glazed obscured window to side, light to ceiling. Low level wc, pedestal sink, walk-in shower cubicle with tiled surround. Tiled flooring, radiator.
Outside - The property is approached to the front, up a long concrete driveway with gates car port, continuing down to the single garage.
The front garden is laid to low maintenance gravel with a radial paved platform to the centre and brick path across the front.
Fencing down the side secures the rear garden to ensure a child and pet friendly space.
The rear garden is similarly laid to gravel to provide a low maintenance space, fenced on three sides and with a shed behind the garage.
A gate to the rear provides useful pedestrian access to Spilsby Road, considerably reducing the walking distance into town.
Garage - 8'9" x 17'9" - With remote-controlled, electric roller shutter door to front; lights and power connected. Wood obscure glazed window to rear.
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.
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FAQ
About 24 Roman Way, Horncastle
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