5-bedroom house · LN9 6BD
Sold STCListed 200 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
15 Queen Street is a prominent, five-bedroom property located to a plot approaching a third of an acre (sts), to a central location in this Georgian market town.
With an attractive, triple-storey frontage; with twin bay windows and facing West; the property enjoys views from the bedrooms across Horncastle, with the spire of St Mary’s Church visible, and towards Langton Hill, behind which the sun sets.
Within walking distance are a full range of services, amenities and schooling, including the prestigious Queen Elizabeth’s Grammar School, and public transport connections to the city of Lincoln and the East Coast.
The property is entered to the front, with a striking, tiled, entrance hallway leading to a versatile dining room and dual aspect lounge; stepping out to the rear patio.
Ground floor accommodation continues with the breakfast kitchen, open to a front-facing snug; utility, cloakroom and rear porch.
The first floor provides three bedrooms, including master with en suite, and the family bath and shower room; with two further bedrooms to the second floor.
Externally, there is off-road parking for multiple vehicles, attractive gardens with mature flower beds throughout and extensive patio seating space, and a brick outbuilding with workshop, store, potting shed and adjacent conservatory/garden room.
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 15, Queen Street, Horncastle
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