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82-86 Foundry Street, Horncastle

East Midlands

£199,995
Listed on 06/09/2025

Property Details

Bedrooms
4
Type
Semi-detached house

Description

This end-terraced property presents a unique opportunity for those looking to invest in a space with substantial renovation potential. Consisting of four bedrooms, including an adjacent one-bedroom unit, the layout offers flexibility for various living arrangements or rental possibilities. The property features generous reception areas that can be reconfigured to enhance the overall flow and functionality. A noteworthy aspect of this home is the large garage/workshop located at the rear, which not only provides ample storage but also opens up possibilities for conversion into additional living space or a workspace, subject to the necessary planning permissions. The courtyard-style garden adds outdoor functionality, perfect for personal use or further development. Located within walking distance to a variety of local amenities in Horncastle—including supermarkets, a leisure center, banks, pharmacies, and charming cafes—the property benefits from its central positioning. Additionally, easy access to public transport links facilitates commutes to Lincoln and the coastal town of Skegness, both approximately 21 miles away. With off-road parking accessible via Cross Street and significant interior and exterior space available for modernization, this property holds promise for those looking to create a tailored residence or capitalize on its investment potential.

Investment Analysis

(LN9 area)
Area Average
£229/sq ft
Avg Rent (weekly)
£219
Avg Yield
4.3%

Renovation Potential

Est. Renovation Cost
£20,000 - £49,999
10-25% of property value
Monthly Sales
9
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (LN9)

Area prices are rising by +8.6% over the last 12 months
3 year growth: 2.6%
5 year growth: 20.7%
Investment Disclaimer: Analysis based on LN9 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

82-86 Foundry Street, Horncastle
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