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High Street, Horncastle, LN9

East Midlands

£575,000

Listed on 02/07/2026

Property details

Bedrooms
4
Type
Detached
Area
1654 sqft

Description

Set in a spacious 0.25-acre plot in the picturesque village of Fulletby, this four-bedroom detached cottage presents a unique opportunity for renovation and investment. The property boasts versatile accommodation and extensive outbuildings, including a self-contained annexe that has previously been rented out successfully, highlighting its income potential. Buyers will appreciate the peaceful setting along the Viking Way, just three miles from Horncastle's amenities. The main house features a traditional layout with multiple living spaces, while the annexe can serve as guest accommodation or be used to generate rental income. The substantial garage/workshop not only houses up to six vehicles but also offers significant conversion possibilities into additional residential units or business space, subject to planning approval. With oil-fired central heating, double glazing, and owned solar panels contributing to energy efficiency, this property is ideal for those seeking a project with considerable potential for capital growth in a desirable rural location.

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Investment analysis

(LN9 area)

Above Market Value

This property is priced +49.5% above area average per sq ft

+49.5%
This Property
£348/sq ft
Area Average
£233/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£423,101
10% above area average per sq ft
Potential ROI
-35.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (LN9)

Area prices are falling by -7.8% over the last 12 months
3 year growth: -3.2%
5 year growth: +0.8%
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

High Street, 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
£2,172
Based on a loan of £431,250 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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