2-bedroom house · LN9 5PT
For saleListed 18 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A charming Grade II listed cottage with a wealth of original character, beautifully presented accommodation and a particularly attractive long rear garden enjoying far-reaching views across the surrounding Lincolnshire countryside.
Spye Cottage retains many of the features that give a period home its character, including exposed ceiling timbers, pine latch doors and impressive inglenook fireplaces, while the accommodation also benefits from a stylish modern kitchen, well-presented bathroom and utility room.
The ground floor offers two generous reception rooms, each with its own character and original detailing including fireplaces both with log burning stoves, providing comfortable spaces for both relaxing and dining.
The kitchen has been thoughtfully fitted with a good range of units, timber work surfaces and tiled splashbacks, with plenty of natural light from the windows overlooking the garden.
Upstairs are two double bedrooms, both retaining the charm and individuality expected of a cottage of this age.
The principal bedroom has exposed roof timbers and a lovely outlook, while the second bedroom also offers good proportions and character. Outside is where Spye Cottage really comes into its own.
The rear garden extends a considerable distance from the property, incorporating areas of lawn, established planting, raised beds and seating areas, with mature trees and fencing providing a good degree of privacy.
At the far end, the garden opens towards the surrounding countryside, with uninterrupted views across the neighbouring fields and towards the Lincolnshire Wolds.
There is also useful outside storage and a number of areas from which to enjoy the garden, making it a particularly appealing space during the warmer months.
The cottage occupies a prominent position on Main Street in the popular village of West Ashby, with the Georgian market town of Horncastle close by offering a good range of independent shops, cafés, restaurants and everyday amenities.
The surrounding countryside and Lincolnshire Wolds are also within easy reach. Arrange your viewing on the Purplebricks website or App.
Property Ownership Information Tenure Freehold Council Tax Band A Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as "draft".
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Purplebricks and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required.
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.
Area
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FAQ
About Spye Cottage, Main Street, West Ashby, Horncastle
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