3-bedroom detached house · LN9 5LX
Sold STCListed 203 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
3 Horton Close is a newly built bungalow, excellently appointed to a high specification, to a small development of similar properties in a town-edge position.
With three bedrooms, including master with en-suite shower room, the bungalow is set with an excellent reception space enjoying south-facing bifold doors to the rear and a vaulted ceiling, leading through to the generous kitchen-dining room with adjacent utility and a pantry.
A large, attached garage (unlike on sister-Plot, 2) will be accompanied by driveway parking, the garden laid to lawn and patio and offering significant outside space.
The plot extends to almost half an acre (sts). Built by reputable local builders, I J Building Contractors Ltd, with a gross internal floor area of approx. 2200 sq ft (inc.
garage) the property benefits from an Air Source system, with underfloor heating contributing to excellent energy efficiency.
This development, situated to the northern end of Elmhirst Road alongside the property Elmlea Farm, will comprise six plots: two bungalows, four dormer bungalows.
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 3 Horton Close, Elmhirst Road, Horncastle
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