Stanhope Road, Horncastle

East Midlands

£247,500

Listed on 03/07/2026

Property details

Bedrooms

Type

Semi Detached Bungalow

Description

Nestled in a convenient location near the town centre, this spacious three-bedroom bungalow presents an appealing opportunity for those looking to invest in a property with significant renovation potential. While it benefits from gas central heating and uPVC double glazing, an update is warranted to bring it up to modern standards. The layout offers generous space, perfect for a variety of buyers looking to customize their living environment. Externally, the bungalow features manageable gardens along with off-road parking and a detached garage, enhancing its desirability as a renovation project in a sought-after area. With no upward chain, this could be an ideal canvas for personalisation or investment.

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Investment analysis

(LN9 area)

Area Average

£233/sq ft

Renovation Potential

Medium Refurb

Est. Renovation Cost

£20,000 - £35,000

Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.

Monthly Sales

Average per month

Market Turnover

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

Stanhope Road, Horncastle

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Mortgage calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments

£935

Based on a loan of £185,625 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.