2-bedroom house · LN9 5RA
Let agreedListed 64 days · slow let
Opportunity summary
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About
Retirement Living in Horncastle available for the over 55's.
A nicely presented two bedroom semi-detached chalet bungalow has become available just off Thimbleby Hill, (Hillcrest Cottages, Thimbleby Court); on the outskirts of the Historic Market Town of Horncastle.
The accommodation in brief comprises:- Ground Floor:- Entrance Hall with stairs leading to the first floor, Bedroom 1, Shower room with hand wash basin, low level WC and heated towel rail; Lounge with access to the rear garden; Open plan Kitchen/ Diner.
The Kitchen having eye and base level units, oven, hob and extractor, being modern in design.
First Floor:- Landing with Fitted wardrobes to one wall; large Bedroom and En-suite Bathroom comprising panel bath with shower over, hand wash basin, low level WC and heated towel rail.
Externally there is allocated parking and an enclosed garden mainly laid to lawn with patio space and views across the Lincolnshire Wolds.
Situated next to Thimbleby Court, the cottages offer the opportunity to use the facilities and services of the care home including dining, laundry and cleaning. Prices available on request.
You will appreciate the added security and peace of mind this also brings to an occupier of the cottages.
Please note: there is a monthly service charge of £80 for maintenance/repairs to the car parking and front borders.
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 Thimbleby Road, Horncastle
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