Spilsby Road, Horncastle
East Midlands
£139,999
Listed on 30/09/2026
Listed on 30/09/2026
The listing
Property details
Bedrooms
2Type
End Of TerraceFeatures
- Garden
- Parking
Description
Set back from Spilsby Road, this two-bedroom house has open views across adjoining farmland and is offered with vacant possession and no onward chain. The accommodation includes an entrance porch and lobby, separate living and dining rooms, a narrow kitchen, a ground-floor cloakroom, two bedrooms, a box room and a first-floor bathroom. Gas central heating and uPVC double-glazed windows are stated, along with a shared septic tank serving the property.
The house is described as requiring complete renovation, giving a purchaser scope to update the existing accommodation. The listing also notes possible extension potential, subject to the necessary permissions and checks. Outside, there is a small front garden, side garden, lawn, slabbed paths and parking areas, approached via a shared driveway and private drive. A lean-to store with power and light, a timber summer house and two garden sheds are included.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
47out of 100
Grade ELow opportunity
Confidence: LOW
This is a substantial renovation project, with worn finishes and visible staining across several rooms, plus a particularly narrow, basic kitchen and dated bathroom. The £42,000–£75,000 works range gives a sense of the scale: there is scope to rework the interiors around your own requirements, while the open farmland views, established garden and summer house add character to the setting. The listing also mentions possible extension potential, subject to permissions and feasibility.
At £139,999, the score is 47/100 (E, Low Opportunity), but value versus local £/sqf cannot be judged yet because the floor area is missing. The garden and rural outlook are appealing foundations; the full renovation scope and the lack of floor-area data leave the overall opportunity difficult to assess.
Key opportunities
- Rework the worn interiors to suit your requirements, including replacing the very narrow, basic kitchen and updating the dated bathroom.
- Make use of the established lawn, planting, summer house and garden sheds as part of the property’s outdoor setting.
- Explore the listing’s stated scope to extend, subject to planning permission and confirming feasibility.
Key risks
- Worn finishes and staining across several rooms, alongside a £42,000–£75,000 works range, make this a full-gut-scale programme to budget and schedule rather than a cosmetic refresh.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£529
Based on a loan of £104,999 over 30 years at 4.45% interest
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