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Romola, Bucknall Road, Horsington, Woodhall Spa

East Midlands

£139,950

Listed on 07/09/2026

The listing

Property details

Bedrooms
2
Type
Bungalow
Area
788 sqft

Description

This two-bedroom bungalow, Romola, is set on an East-West facing plot that offers delightful countryside views. The property features gardens both at the front and rear, enhancing its appeal. Although it requires a comprehensive renovation scheme, it currently includes a lounge, kitchen, utility room, two bedrooms, a conservatory, and a wetroom with an additional W/C. Local amenities, educational institutions, and social facilities are conveniently located in the nearby inland resort of Woodhall Spa and the historic market town of Horncastle, which is home to the esteemed Queen Elizabeth’s Grammar School. Horsington itself boasts a vibrant community atmosphere. The property is of non-standard construction, featuring a timber frame with an asbestos-based lining. Additionally, the private drainage system does not comply with current regulations, so potential buyers should conduct their own inquiries regarding these matters.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

67out of 100
Grade CPotential opportunity

Confidence: MEDIUM

Romola is a two-bedroom bungalow nestled in a picturesque countryside setting, offered at a guide price of £139,950. This asking price is notably attractive, sitting at £178 per square foot, which is 38.2% below the local average of £287 per square foot. This presents a fantastic opportunity to acquire a property with potential for significant value uplift through renovation.

While the interiors are dated, with worn carpets, outdated decor, and a kitchen that requires refreshing, these elements provide a blank canvas for a new owner to modernize and personalize the space. The garden is a highlight, boasting lawned areas with mature flower beds, perfect for outdoor enthusiasts. Additionally, the property benefits from a favorable location in the desirable village of Horsington, close to local amenities and schools. Overall, with renovation costs estimated between £40,000 and £80,000, this property holds promise for those looking to invest in a project that can enhance its value significantly.

Key opportunities

  • Significant price advantage compared to local £/sqf
  • Potential to modernize dated interiors and add personal touches
  • Attractive garden space with mature flower beds

Key risks

  • Non-standard construction may require specialized attention
  • Private drainage system not compliant with current regulations

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Map

Location

Romola, Bucknall Road, Horsington, Woodhall Spa
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£529
Based on a loan of £104,962 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.

Tax

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Indicative tax based on the asking price and the options you select.

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