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24 Horncastle Road, Woodhall Spa - Image 1
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24 Horncastle Road, Woodhall Spa

East Midlands

£385,000
Listed on 13/05/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1722 sqft

Description

This is a distinctive opportunity to acquire a detached bungalow accompanied by a consented building plot in the desirable locale of Woodhall Spa. The property comes with granted planning permissions for both the current residence and an additional modern three-bedroom chalet bungalow, providing immense flexibility for various development strategies. Potential buyers can consider options such as refurbishing and enhancing the existing bungalow, constructing the approved chalet, or even retaining the plot for future development. This multi-faceted project offers an appealing investment prospect, with an estimated potential scheme value around £1.1 million once completed, contingent on design choices and execution. The existing bungalow presents opportunities for refurbishment and modernization, with many local amenities and attractions nearby, including golf courses and parks that enrich the lifestyle of this quaint village. The strategic location on Horncastle Road is particularly attractive; it boasts strong property values and a vibrant community atmosphere. With existing services connected to the current dwelling, this site is not merely a bare plot but rather a home awaiting your vision to come alive. This property invites buyers to tailor their living experience according to personal tastes or investment goals.

Investment Analysis

(LN10 area)

Below Market Value

This property is priced -20.8% below area average per sq ft

-20.8%
Potential saving
This Property
£224/sq ft
Area Average
£282/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£534,449
10% above area average per sq ft
Potential ROI
+20.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (LN10)

Area prices are falling by -6.2% over the last 12 months
3 year growth: +0.1%
5 year growth: +14.6%
Investment Disclaimer: Analysis based on LN10 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

24 Horncastle Road, Woodhall Spa
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,374
Based on a loan of £288,750 over 30 years at 3.97% 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.

Stamp Duty Calculator

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