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Queen Street, Horncastle LN9

East Midlands

£200,000
Listed on 10/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1250 sqft

Description

This semi-detached property boasts a generous 1,325 sq ft of space across three bedrooms and two reception rooms, making it an excellent candidate for renovation. The house retains charming period features such as wooden internal doors and traditional picture rails, adding character to its potential. Notably, it holds full planning permission for a 'granny annexe' extension at the rear, which could enhance the property's value by adding an additional lounge/bedroom, shower, and toilet. Located within a Conservation Area and enjoying a council tax band 'A', this home is situated near schools and a historic town centre, making it an attractive investment opportunity. Additional features include sliding sash windows, first-floor UPVC double glazing at the back, and mains gas central heating supported by a Worcester boiler that has been serviced annually. The garden is fully walled and includes amenities like a covered deck seating area and paved patio. The presence of brick outbuildings with power and light adds further utility. The interior features a lounge with secondary double glazing and a decorative fireplace, along with a dining room that showcases an exposed brick open fireplace. The modern kitchen is well-equipped with essential appliances and offers ample storage options. A recently renovated bathroom adds contemporary flair while maintaining the property's overall charm. With some thoughtful renovations, this property could yield significant returns.

Investment Analysis

(LN9 area)

Below Market Value

This property is priced -30.1% below area average per sq ft

-30.1%
Potential saving
This Property
£160/sq ft
Area Average
£229/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£314,806
10% above area average per sq ft
Potential ROI
+25.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LN9)

Area prices are stable by -2.0% over the last 12 months
3 year growth: -2.2%
5 year growth: +4.7%
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

Queen Street, Horncastle LN9
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£721
Based on a loan of £150,000 over 30 years at 4.06% 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.

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