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Thomas Gibson Drive, Horncastle, LN9

East Midlands

£210,000
Listed on 14/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
736 sqft

Description

This three-bedroom property presents a compelling investment opportunity in a sought-after residential area. The home offers generous internal space, including a spacious living room, kitchen, dining room, and a first-floor shower room. Outside, the property benefits from a sizable garden, side garage, and driveway, enhancing its appeal for families or investors looking to add value. While the property is generally well-presented, it would benefit from some cosmetic enhancements that allow you to personalize the space to your taste. Located conveniently close to local amenities and transport links, as well as within walking distance of Horncastle Town Centre and the A158 for easy commuting options, this property is ideal for those seeking potential modernisation. This dwelling represents an excellent prospect for landlords and buyers alike who are eager to invest time into refurbishment.

Investment Analysis

(LN9 area)

Above Market Value

This property is priced +24.6% above area average per sq ft

+24.6%
This Property
£285/sq ft
Area Average
£229/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£185,358
10% above area average per sq ft
Potential ROI
-21.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LN9)

Area prices are stable by -2.0% over the last 12 months
3 year growth: -2.2%
5 year growth: +4.7%
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

Thomas Gibson Drive, Horncastle, LN9
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£757
Based on a loan of £157,500 over 30 years at 4.06% 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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