Summary -
Flat 4,21 North Street,HORNCASTLE,LN9 5DX
LN9 5DX
1 bed 1 bath Flat
Compact one-bedroom with parking and long lease — ideal for investors.
No onward chain and immediate vacant possession likely
Two allocated off-street parking spaces in rear courtyard
Long lease: 999-year term from 1993 (c.969 years remaining)
Potential gross rental income approx. £625 pcm (investment appeal)
Service charge approx. £35 pcm (£420 pa); council tax very low
Energy Rating E (47) — may need energy improvements
Average broadband speeds; area classed as deprived (affects demand)
Compact 1-bed layout, approx. 532 sq ft, bright first-floor position
This bright first-floor flat sits in the heart of Horncastle, a short walk from shops, cafés and public transport. The property occupies part of a Georgian-style townhouse and benefits from high ceilings, sash windows and a pleasant red brick façade that suits the town centre setting.
The layout includes an entrance hall, living room, kitchen, double bedroom and modern bathroom. The flat comes with two allocated off-street parking spaces to the rear courtyard and a long lease (999-year term from 1993, c.969 years remaining), which is attractive for long-term owners or buy-to-let investors. Service charge is approximately £35pcm (£420pa) and council tax is very low.
Strengths for investors: no onward chain, low flood risk, potential gross rental income around £625pcm, and average-size accommodation (approx. 532 sq ft) that is straightforward to let. Drawbacks to note: Energy Rating E (47), average broadband speeds and the property is in an area classified as relatively deprived — factors that can affect resale and tenancy demand.
Overall this flat offers a convenient, low-maintenance town-centre opportunity with immediate rental potential. It will suit buyers seeking a hands-off investment or a compact home in an accessible small-town location, though buyers should budget for potential energy improvements and be aware of local economic indicators that may affect long-term value.
1 bedroom flat for sale in 21 North Street, Horncastle, LN9 — £70,000 • 1 bed • 1 bath • 505 ft²
2 bedroom maisonette for sale in Conging Street, Horncastle, LN9 — £125,000 • 2 bed • 1 bath • 845 ft²
2 bedroom flat for sale in 51A High Street, Spilsby, Lincolnshire, PE23 — £95,000 • 2 bed • 1 bath • 958 ft²
3 bedroom end of terrace house for sale in 3 St Mary's Square, Horncastle, LN9 — £165,000 • 3 bed • 1 bath • 1136 ft²
2 bedroom terraced house for sale in 5 Banks Street, Horncastle, LN9 — £110,000 • 2 bed • 1 bath • 656 ft²
3 bedroom end of terrace house for sale in 1 Banks Court, Horncastle, LN9 — £169,950 • 3 bed • 1 bath
