Studio flat · LN9 6BD
To rentListed 45 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The property comprises a substantial three storey Georgian building built in brick under a pitched slate roof. There is a laundry room with a coin operated machine.
There is communal garden area to the rear which is currently laid to gravel and provides both a seating and washing line area for residents.
The main entrance door leads into a communal ground floor hall way, with access to the ground floor apartments, the cellar and stairs leading up to the first and second floors.
The top floor apartment offers a fitted kitchen, shower room and open plan lounge bedroom. The apartment has modern electric heating and secondary glazing.
LOCATION Horncastle is a mid-Lincolnshire Georgian market town situated on the southern edge of the Lincolnshire Wolds at the crossroads of the A158 and A153, approximately 21 miles east of Lincoln.
The town has a growing population of approx. 7,000 and offers a good variety of shops, schools and services and serves a wide rural area.
The property is situated on Queen Street, known for its Georgian architecture and being within walking distance for most people to the town centre and its many local amenities.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
Agent & docs

FAQ
About Queen Street, Horncastle, Lincolnshire, LN9
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