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Queen Street, Horncastle

East Midlands

£200,000
Listed on 20/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1250 sqft

Description

This semi-detached house offers a generous 1,325 sq ft of living space, featuring three bedrooms and two reception rooms, alongside the valuable addition of a storage/wine cellar. The property retains numerous period characteristics, such as wooden internal doors, an intricate staircase, and decorative picture rails. Notably, previous planning permission for a granny annexe - which includes a lounge/bedroom with a shower and toilet - presents significant potential for expansion and increased value. Located in a sought-after conservation area close to schools and the historic town centre, the property is exempt from upward chain complications. The home boasts traditional sliding sash windows and modern UPVC double glazing on the rear first floor. The Worcester boiler is serviced annually, ensuring efficient mains gas central heating. External amenities comprise power and water supply along with contemporary lighting. Included are practical brick outbuildings that feature a gardener's W.C. along with two store rooms equipped with electrical connections. The enclosed garden is well-maintained with impressive features such as a covered deck area, paved patio space, summer house currently serving as a gym, greenhouse, filtered pond with waterfall, and secure side access to the rear. Internally, the lounge showcases a bay window fitted with professional secondary double glazing and an elegant fireplace backed by marble, while the dining room offers an exposed brick open fireplace that adds further charm. The kitchen is modernly fitted with essential appliances including an electric double oven and ceramic hob among other conveniences. A newly renovated bathroom from 2023 adds contemporary flair with fully tiled walls and modern fixtures.

Investment Analysis

(LN9 area)

Below Market Value

This property is priced -29.6% below area average per sq ft

-29.6%
Potential saving
This Property
£160/sq ft
Area Average
£227/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£312,469
10% above area average per sq ft
Potential ROI
+25.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (LN9)

Area prices are stable by +1.7% over the last 12 months
3 year growth: -1.5%
5 year growth: 13.7%
Investment Disclaimer: Analysis based on LN9 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Queen Street, Horncastle
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£733
Based on a loan of £150,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE