2-bedroom bungalow · LN9 5BA
Sold STCReduced £20k (−11.1%) on 20 MayListed 203 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO ONWARD CHAIN!! 7 Prospect Street is a clean and tidy two bedroom detached bungalow with private westerly facing garden, private drive and garaging.
Accommodation comprises; entrance hall, lounge, kitchen, shower room and two bedrooms both having fitted wardrobes. The property has been redecorated and re-carpeted, and presents well.
Lounge - 13' 6'' x 10' 2'' (4.11m x 3.10m) - Kitchen - 11' 7'' x 8' 5'' (3.53m x 2.56m) - Shower Room - 7' 8'' x 5' 5'' (2.34m x 1.65m) - Bedroom 1 - 11' 10'' x 9' 4'' (3.60m x 2.84m) - Bedroom 2 - 9' 11'' x 9' 3'' (3.02m x 2.82m) - Garage - 16' 0'' x 8' 3'' (4.87m x 2.51m) -
Value & comps
No previous sales on record.
Returns
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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.
Area
Agent & docs
FAQ
About 7 Prospect Street, Horncastle
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