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Spilsby Road, Horncastle, LN9

East Midlands

£205,000

Listed on 16/06/2026

Property Details

Bedrooms
4
Type
Detached
Area
883 sqft

Description

This four-bedroom detached property presents a significant opportunity for those seeking a renovation project with ample potential for value enhancement. Originally configured as two semi-detached homes, it has been partially transformed into a single dwelling but retains a flexible layout that can be reimagined to meet modern living standards. The interior still showcases key original features, including two staircases, two kitchens, and two bathrooms, which could be advantageous in creating distinct living spaces or accommodating multi-generational families—subject to the necessary planning permissions. The exterior provides off-road parking and rear courtyard areas alongside outbuildings, offering further scope for improvement and personalization. Additionally, the property's eco-friendly features such as solar panels and an electric vehicle charging point contribute to energy efficiency and cost savings in daily operations. With creativity and investment, this space can evolve into an exceptional family residence or an attractive rental opportunity. This property is positioned within a progressive community in the East Midlands, making it an appealing prospect for ambitious buyers or investors ready to transform this unique home into something special.

Investment Analysis

(LN9 area)

Above Market Value

This property is priced +0.9% above area average per sq ft

+0.9%
This Property
£232/sq ft
Area Average
£230/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£223,496
10% above area average per sq ft
Potential ROI
-10.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (LN9)

Area prices are falling by -11.6% over the last 12 months
3 year growth: -9.9%
5 year growth: -4.1%
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

Spilsby Road, Horncastle, LN9
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£774
Based on a loan of £153,750 over 30 years at 4.45% 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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