4-bedroom detached house · LN9 5FG
Sold STCListed 65 days
Opportunity summary
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About
38 Lord Allerton Way is an excellently presented, modern four-bedroom family home situated to a corner position on the popular Langton Rise development by Cyden Homes.
With driveway parking, single garage and private, secure garden (which enjoys a Southerly aspect), the property provides flowing ground floor accommodation, with versatile dining through to garden room; plus separate lounge, utility and cloakroom.
Above are four bedrooms, including master with en suite, and the family bathroom. The property benefits from the remaining balance of a 10 year warranty.
The well-serviced market town of Horncastle benefits from amenities including supermarkets, doctors surgery, post office, pharmacists, swimming pool and a wealth of other sports facilities plus an extensive range of local, independent shops and eateries.
There are also excellent educational facilities including the well-respected Queen Elizabeth’s Grammar School at the foot of Langton Hill, well-placed for this development.
The country capital of Lincoln and coastal resort of Skegness lie 21 miles West & East respectively, a regular public bus services runs from the town to both locations.
Hallway - 4'9" x 9'8" - With composite double glazed obscured door to front; light to ceiling. Carpet; radiator. Carpeted stairs to first floor with large cupboard beneath.
Lounge - 11'4" x 20'3" - Having uPVC double glazed window to front, bay window and further window to side. Lights to ceiling, carpet, radiators, multiple power points.
Electric fire to stone style surround Dining Kitchen - 10'8" x 20'3" - Having uPVC double glazed window to front, lights to ceiling.
1 1/2 sink and drainer to wood effect roll edge worktop; excellent range to storage units to base and wall levels. Breakfast bar. Neff oven and grill, four ring hob beneath extractor canopy.
Integrated dishwasher, space and connections for upright fridge-freezer. Radiator, tiled flooring. Open to garden room.
Garden Room - 11'11" x 9'11" - With uPVC double glazed French doors to front, window to side. Light to ceiling, radiator, carpet. Multiple power points.
Utility - 6'7" x 5'2" - Having uPVC double glazed obscured door to rear, light to ceiling. Wall mounted, gas fired ideal boiler. Space and connections for under counter washing machine and dryer.
Radiator, wood effect flooring. Cloakroom - 2'10" x 5'5" - Light to ceiling, low level wc, pedestal sink, tiled flooring, radiator. Landing - With light to ceiling, carpet, multiple power points.
Wood doors to bedrooms. Bedroom 2 - 10'10" x 10'4" - With uPVC double glazed window to side, light to ceiling. Carpet, multiple power points, radiator.
Bedroom 3 - 7'2" x 9'6" - Having uPVC double glazed window to front, light to ceiling. Carpet, multiple power points, radiators.
Bathroom - 6'4" x 5'6" - Having uPVC double glazed obscured window to front, light to ceiling. Low level wc, hand wash basin to storage unit. Bath with tiled surround. Wood effect flooring.
Heated towel rail. Bedroom 4 - 12'1" x 7'11" - With uPVC double glazed window to front, light to ceiling. Carpet, radiator, multiple power points.
Bedroom 1 - 11'7" x 10'1" - Having uPVC double glazed window to side, light to ceiling. Mirror fronted wardrobe storage space. Carpet, radiator, multiple power points.
En Suite - 6'7" x 5'5" - Having uPVC double glazed obscured window, spot lights to ceiling. Low level wc, hand wash basin to storage unit with mirror and shaver socket over.
Corner shower cubicle with tiled surround, heated towel rail. Wood effect flooring.
Outside - The property is approached up a brick paved driveway to the side, standing one vehicle and offering access to the single garage.
A gate leads through to the lawned garden, contained by brick wall and fencing; with paved path from the side gate and to the seating area before the garden room.
Garage - 9'1" x 18'8" - Single (semi-detached) garage with up and over door; light and power connected.
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 38 Lord Allerton Way, Horncastle
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