We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom house · LN9 6BY
Sold STCListed 95 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO ONWARD CHAIN! 11 College Close is a well-presented, mid-terrace property with driveway parking and a rear garden, to a popular no through road location.
Accommodation comprises a living room, with open arch to kitchen, and shower room to the ground floor plus lean-to conservatory at the rear and mezzanine style bedroom above.
The property is within walking distance of Horncastle's full range of services, amenities and schools, with public transport links to the city of Lincoln, the East Coast, Woodhall Spa and Tattershall/Coningsby emanating from centre of town.
Hallway - Entered through wood obscure glazed door, with light to ceiling, radiator, tiled flooring. Wood door to storage space, kitchen and bathroom.
Kitchen - 10'9" x 7'5" - Having lights to ceiling, storage units to base and wall levels. Sink and drainer to roll edge worktop, Zanussi cooker beneath extractor.
Tiled flooring, open archways to lounge. Lounge - 10'9" x 12'4" - With lights to walls, beams to ceiling. Radiator, carpet, multiple power points. Sliding doors to lean-to conservatory to rear.
Open step stairs to bedroom. Conservatory - 7'10" x 6'0" - Single glazed with metallic framed and tiled flooring.
Bathroom - 6'11" x 5'4" - With radial obscure glazed window to front, light to ceiling. Low level wc, hand wash basin, bath with electric shower over and tiled surround. Radiator, tiled flooring.
Bedroom - 10'9" x 9'8" - Having wood single glazed windows to front, lights to wall. Gallery over lounge, built in bedroom furniture. Carpet, radiator, multiple power points.
Outside - The property is approached to the front up gravelled driveway, with an outside store beside the front door.
The rear garden is laid to paving with a raised gravelled bed alongside timber shed to the rear. Fenced boundaries ensure a child and pet friendly, secure space.
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
Agent & docs

FAQ
About 11 College Close, Horncastle
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