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See how verdicts work3-bedroom bungalow · LN10 6UX
Sold STCListed 434 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** GROUNDS IN OVER 2 ACRES (sts) ** 128 Horncastle Road is a three-bedroom dormer property, occupying grounds extending over 2 acres (sts) with paddock and woodland to the rear.
Boasting an attractive open-plan lounge-kitchen-dining space to the rear; the property also provides a versatile living room/office, two bedrooms and bath & shower room to the ground floor; with bedroom and bathroom to the first.
The village of Woodhall Spa, with Edwardian hotels, Kinema in the Woods, and one of the best inland golf courses in Britain (home to England Golf) has become increasingly popular as a residential setting, and the centre, with a wealth of social facilities, is within a convenient distance.
The market town of Horncastle is approximately six miles away and sits close to the south-eastern fringe to the Lincolnshire Wolds, a designated National Landscape.
The historic City of Lincoln and the East Coast both lie within driving distance.
** Please note New Heating to be Installed ** Accommodation - Entered into the front through uPVC double glazed obscure glazed door into: Reception Hallway - With tiled flooring, power points and wooden doors to accommodation including: Living Room/Office - 11' 9'' x 11' 9'' (3.58m x 3.58m) - With uPVC double glazed window to front and having wood effect flooring, radiator, multiple power points and wooden staircase to landing.
Dining Room - 17' 2'' x 10' 10'' (5.23m x 3.30m) - With uPVC double glazed patio door and window to side and having log burning stove to corner, tiled flooring, tv point, multiple power points, door to storage space and open doorway to: Kitchen - 13' 0'' x 9' 7'' (3.96m x 2.92m) - With uPVC double glazed French doors with windows above and alongside, to rear.
There is light to ceiling and over island, storage units to base and wall levels and sink and drainer set to square edge worktop.
There is a Bosch oven with induction hob, tiled flooring and opening to: Lounge - 14' 0'' x 14' 0'' (4.26m x 4.26m) - With uPVC double glazed sliding doors to rear, lights to ceiling and skylight.
There is multiple power points, wooden flooring and wooden door to storage space.
Bathroom - 15' 9'' x 5' 5'' (4.80m x 1.65m) - With uPVC double glazed obscure window to side and having low-level WC, hand wash basin to storage unit and free-standing bath with column tap and shower attachment over.
There is a separate tiled shower cubicle and wooden effect flooring. Bedroom - 12' 0'' x 8' 10'' (3.65m x 2.69m) - With uPVC double glazed window to side and multiple power points.
Bedroom - 12' 0'' x 9' 0'' (3.65m x 2.74m) - With uPVC double glazed window to front and multiple power points.
Dormer Landing - With wooden door to storage space, wooden doors to bathroom and to: Bedroom - 14' 7'' x 13' 5'' (4.44m x 4.09m) - With uPVC double glazed window to rear, multiple power points, radiator and wooden door to storage space.
Bathroom - 10' 8'' x 8' 6'' (3.25m x 2.59m) - With uPVC double glazed obscure window to side and having low-level WC, pedestal sink, free standing bath with shower attachment on ball and claw feet and vinyl flooring.
Outside - The property is approached to the front over a long driveway providing ample off-road parking for multiple vehicles.
The front garden is laid to lawn, contained by hedging with mature trees to the front and side.
A side gate ensures a child and pet friendly, secure rear garden, initially laid to lawn; with fenced off grass paddock, served by Stable Block, and woodland space beyond.
Further Information - All mains services. Electric heating. UPVC double glazing. Local Authority: East Lindsey District Council, The Hub, Mareham Road, Horncastle, Lincolnshire LN9 6PH. Tel No: .
DISTRICT COUNCIL TAX BAND = D EPC RATING = F SERVICES: The agents would like to point out that the services of this property have not been checked and this matter is left to the prospective purchaser to make appropriate further enquiries.
VIEWING: By arrangement with the agent's Woodhall Spa Office. 19 Station Road, Woodhall Spa. LN10 6QL Tel: Email: Website: Brochure prepared 18.08.2025
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About 128 Horncastle Road, Woodhall Spa - IN OVER 2 ACRES (sts)
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