Worst House on the Street Logo
Prospect Street, Horncastle - Image 1
Prospect Street, Horncastle - Image 2
Prospect Street, Horncastle - Image 3
Prospect Street, Horncastle - Image 4
Prospect Street, Horncastle - Image 5
Prospect Street, Horncastle - Image 6
Prospect Street, Horncastle - Image 7
Prospect Street, Horncastle - Image 8
Prospect Street, Horncastle - Image 9
Prospect Street, Horncastle - Image 10
Prospect Street, Horncastle - Image 11

Prospect Street, Horncastle

East Midlands

£179,950
Listed on 27/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1078 sqft

Description

This detached bungalow offers an expansive 1078 square feet of living space, comprising three generously sized double bedrooms and two reception rooms. Situated on a corner plot, the property features secluded gardens with a mix of fencing and hedgerow, along with paved patio areas, a wooden workshop, and two additional sheds. The off-road parking is particularly noteworthy, with potential for tandem parking accommodating up to five vehicles, including space for a caravan. A significant advantage is the ownership of land at the rear of the adjacent property. Located at the edge of Horncastle—a historic market town—this home presents a valuable opportunity for updates and enhancements to maximize its potential in a desirable area. There are no upward chains to consider, making this an appealing prospect for investors or those looking to create their ideal living space. Inside, the property includes essential features such as UPVC double glazing throughout, mains gas central heating powered by a Worcester boiler, and practical amenities like external lighting and water supply to the garden. The entrance opens into a spacious hall leading to various living areas including a dual-aspect lounge with a marble fireplace housing a coal-effect gas fire, and an adjoining conservatory that connects seamlessly to the garden. The kitchen is functional yet could benefit from modernisation; it is open-plan to a dining room illuminated by natural light from dual aspects and a polycarbonate roof. An upgraded wet room features contemporary fittings while each bedroom offers excellent storage solutions.

Investment Analysis

(LN9 area)

Below Market Value

This property is priced -27.1% below area average per sq ft

-27.1%
Potential saving
This Property
£167/sq ft
Area Average
£229/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£271,489
10% above area average per sq ft
Potential ROI
+23.4%
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

Prospect Street, Horncastle
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£649
Based on a loan of £134,962 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.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.