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Bridge Street, Horncastle

East Midlands

£499,950
Listed on 29/12/2025

Property Details

Bedrooms
5
Type
Semi-detached house
Area
4127 sqft

Description

This unique Grade II listed property, once known as 'Townleys Bakery', offers a remarkable opportunity for renovation and investment. Spanning approximately 4,000 sq. ft., the main residence features a three-story layout alongside a substantial barn that retains its original bread ovens from the 17th century. While significant improvements have already been made, additional renovations are required to unlock the full potential of this characterful home. The accommodation includes multiple reception areas, five bedrooms, and three bathrooms, with notable features such as a large kitchen and an impressive drawing room that can be customized further. The barn presents exceptional possibilities for conversion into holiday lets or business premises pending planning approval, while the shop space facing Bridge Street allows for various commercial opportunities or could serve as an entertainment area. With gated off-street parking and a private walled garden overlooking the River Bain, this property represents a rare chance to blend historical charm with modern living.

Investment Analysis

(LN9 area)

Below Market Value

This property is priced -46.7% below area average per sq ft

-46.7%
Potential saving
This Property
£121/sq ft
Area Average
£227/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£1,031,647
10% above area average per sq ft
Potential ROI
+66.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Bridge 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
£1,831
Based on a loan of £374,962 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