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Prospect Street, Horncastle. LN9 5BA - Image 1
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Prospect Street, Horncastle. LN9 5BA

East Midlands

£100,000
Listed on 02/04/2026

Property Details

Bedrooms
N/A
Type
Plot

Description

This property presents a unique opportunity for redevelopment, set on an approximately 1-acre plot situated discreetly on the eastern side of Prospect Street, just north of the town centre. Currently, the site features a collection of traditional brick and pantile structures in various states of disrepair, alongside grass paddocks that provide established boundaries and panoramic views towards the River Bain. With positive pre-application advice already received for a single dwelling, this area is ripe for investment, offering potential for both renovation and new construction amidst serene surroundings.

Investment Analysis

(LN9 area)
Area Average
£230/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LN9)

Area prices are falling by -10.1% over the last 12 months
3 year growth: -6.6%
5 year growth: -0.9%
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. LN9 5BA
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£354
Based on a loan of £75,000 over 30 years at 3.91% 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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