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Hemingby, Horncastle

East Midlands

£215,000
Listed on 04/04/2026

Property Details

Bedrooms
2
Type
Detached Bungalow

Description

Nestled in a peaceful no-through lane within a desirable village, this detached two-bedroom bungalow presents an excellent investment opportunity for those looking to enhance their living space. While the property requires updating, its generous gardens offer significant potential for rear alterations or extensions, subject to obtaining planning permission. The bungalow is equipped with oil-fired central heating and uPVC double glazing throughout, ensuring a comfortable environment. Additionally, it comes with the advantage of no onward chain, allowing for a straightforward acquisition process. The layout includes a spacious lounge/diner with a charming stone chimney breast and electric fire, a functional kitchen with integrated appliances, and two well-sized bedrooms that feature built-in storage solutions. A conservatory adds valuable light and access to the rear garden, which is already landscaped but could benefit from further development. Overall, this property provides an appealing canvas for renovation and personal touches.

Investment Analysis

(LN9 area)
Area Average
£230/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
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

Hemingby, Horncastle
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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
£761
Based on a loan of £161,250 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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