# 1 FAIRFAX CLOSE, HORNCASTLE, EAST LINDSEY, LINCOLNSHIRE, LN9 6RD

## Property details

- Slug: `4cda698` (address key hash: `4cda6986a23d8f2da76ba2b20d62fd325b1caa87`)
- Postcode: LN9 6RD
- Transactions on record: 2

- Tenure: Freehold
- Property type: Detached
- Bedrooms: 3
- Bathrooms: 2
- Floor area: 81 m²
- EPC rating: D
- Year built: England and Wales: 1991-1995
- Last sold: £250,000 Mar 2026
- Price per m²: £3,086/m²
- Local average: £306,738 (22 sales)

## Latest sale

- Price: £250,000
- Date: 2026-03-20
- Type: D
- Tenure: F

## EPC Rating & Upgrade Cost

- **Current rating:** D
- **Potential rating:** B
- **Expiry date:** 09/06/2035
- **Current heating cost:** £1,020/year
- **Est. upgrade cost to C:** £11,145

### Recommendations
- A (£100 - £350)
- W1 (£800 - £1,200)
- E (£20)
- G (£350 - £450)
- N (£4,000 - £6,000)
- U (£3,500 - £5,500)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/6100-4407-0322-0599-3653)

## Price history

| Event | Date | Price | Type | % change | Today’s value (HPI) | Transaction |
|-------|------|-------|------|--------|---------------------|-------------|
| Sold | 2026-03-20 | £250,000 | Detached | +228.9% | £247,399 (to April 2026) | [View](http://87.117.209.195:8080/house-prices/50d10b84-2557-b8d0-e063-4704a8c08d98) |
| Sold | 2000-03-24 | £76,000 | Detached | — | £286,810 (to April 2026) | [View](http://87.117.209.195:8080/house-prices/06f7413c-03b6-4a5e-bae9-5899848de678) |

*Today’s value (HPI): adjusted using published house price index trends for the area and property type; not a valuation of the property today.*

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 1 FAIRFAX CLOSE, HORNCASTLE, EAST LINDSEY, LINCOLNSHIRE, LN9 6RD | £250,000 | 20/03/2026 | Detached |
| 1 FAIRFAX CLOSE, HORNCASTLE, EAST LINDSEY, LINCOLNSHIRE, LN9 6RD | £76,000 | 24/03/2000 | Detached |

## Historic listings

Listing activity only where we matched the listing to a Land Registry sale already on record for this address.

- Matched listing: [162894701](http://87.117.209.195:8080/listings/14533c0)

| Event | Date | Price |
|-------|------|-------|
| sold | 2026-01-01 | £250,000 |
| listed | 2025-06-05 | £255,000 |
| sold | 2000-01-01 | £76,000 |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 11 BONNETABLE ROAD, HORNCASTLE, EAST LINDSEY, LINCOLNSHIRE, LN9 6RH | £210,000 | 05/12/2025 | Detached |
| 32 WESLEY WAY, HORNCASTLE, EAST LINDSEY, LINCOLNSHIRE, LN9 6RY | £310,000 | 04/12/2023 | Detached |
| 67 BANOVALLUM GARDENS, HORNCASTLE, EAST LINDSEY, LINCOLNSHIRE, LN9 6RF | £220,000 | 04/12/2023 | Detached |
| 4 WESLEY WAY, HORNCASTLE, EAST LINDSEY, LINCOLNSHIRE, LN9 6RY | £210,000 | 20/11/2023 | Detached |
| 8 BONNETABLE ROAD, HORNCASTLE, EAST LINDSEY, LINCOLNSHIRE, LN9 6RH | £320,000 | 16/10/2023 | Detached |
| 10 BONNETABLE ROAD, HORNCASTLE, EAST LINDSEY, LINCOLNSHIRE, LN9 6RH | £230,000 | 30/06/2023 | Detached |
| 90 BANOVALLUM GARDENS, HORNCASTLE, EAST LINDSEY, LINCOLNSHIRE, LN9 6RF | £245,000 | 15/06/2023 | Detached |
| 22 BANOVALLUM GARDENS, HORNCASTLE, EAST LINDSEY, LINCOLNSHIRE, LN9 6PN | £215,000 | 06/06/2023 | Detached |
| 24 ROMAN WAY, HORNCASTLE, EAST LINDSEY, LINCOLNSHIRE, LN9 6PL | £200,000 | 20/09/2022 | Detached |
| 33 ROMAN WAY, HORNCASTLE, EAST LINDSEY, LINCOLNSHIRE, LN9 6PL | £195,000 | 08/07/2022 | Detached |
| 15 MALTBY WAY, HORNCASTLE, EAST LINDSEY, LINCOLNSHIRE, LN9 6QX | £420,000 | 24/06/2022 | Detached |
| 88 BANOVALLUM GARDENS, HORNCASTLE, EAST LINDSEY, LINCOLNSHIRE, LN9 6RF | £220,000 | 31/05/2022 | Detached |
| 25 WHELPTON CLOSE, HORNCASTLE, EAST LINDSEY, LINCOLNSHIRE, LN9 6SF | £260,000 | 25/03/2022 | Detached |
| 121 TENNYSON GARDENS, HORNCASTLE, EAST LINDSEY, LINCOLNSHIRE, LN9 6DG | £210,000 | 21/03/2022 | Detached |
| 11 THOMAS GIBSON DRIVE, HORNCASTLE, EAST LINDSEY, LINCOLNSHIRE, LN9 6RX | £223,000 | 17/02/2022 | Detached |
| 29 BONNETABLE ROAD, HORNCASTLE, EAST LINDSEY, LINCOLNSHIRE, LN9 6RH | £250,000 | 26/01/2022 | Detached |
| 90 BANOVALLUM GARDENS, HORNCASTLE, EAST LINDSEY, LINCOLNSHIRE, LN9 6RF | £220,000 | 05/11/2021 | Detached |
| 9 MADELY CLOSE, HORNCASTLE, EAST LINDSEY, LINCOLNSHIRE, LN9 6RQ | £263,200 | 15/10/2021 | Detached |
| 18 BONNETABLE ROAD, HORNCASTLE, EAST LINDSEY, LINCOLNSHIRE, LN9 6RH | £310,000 | 29/09/2021 | Detached |
| 10 WHELPTON CLOSE, HORNCASTLE, EAST LINDSEY, LINCOLNSHIRE, LN9 6SF | £250,000 | 24/09/2021 | Detached |

**Area average:** £249,060 (20 sales)

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 10.6%
- **10y growth:** 69.9%

## House Price Index (HM Land Registry)

*Official index for East Lindsey; Detached series; as of April 2026.*

- **1y growth (index):** 2.7%
- **5y growth (index):** 16.8%
- **10y growth (index):** 43.7%

## Rental Range

*ONS Price Index of Private Rents (East Lindsey). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £625/mo
- **Realistic:** £694/mo
- **Optimistic:** £763/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Wolds and Coast (Apr 2025 – Mar 2026).*

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 3 Bed End Terrace, St Lawrence St, LN9 | £825/mo | 3 | 0.63 miles | OpenRent |
| 3 Bed Terraced House, West St, LN9 | £835/mo | 3 | 0.83 miles | OpenRent |

**Average rent: £830/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 0.33% (weak for cashflow)
- **Max investor price (0.8%):** £103,750
- **Target investor price (1%):** £83,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £830/mo).*

- **Gross yield:** 4%
- **Cost-to-rent:** 25.1×
- **Monthly cashflow:** £-263/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -4.3%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

## Street-level crime

- **Total incidents:** 0

*Within 1 mile during May 2026. Source: data.police.uk (England & Wales).*

## Schools nearby

*Nearest open schools with Ofsted ratings (England). Closed schools are not shown.*

| Name | Type | Distance | Ofsted |
|------|------|----------|--------|
| The Banovallum School | Secondary | 0.3 miles | Good — 10 Jan 2018 |
| St Lawrence School | Other | 0.5 miles | Good — 14 Nov 2014 |
| Horncastle Primary School | Primary | 0.5 miles | Good — 19 Jun 2024 |
| Queen Elizabeth's Grammar School, Horncastle | Secondary | 0.9 miles | Good — 1 Jul 2024 |
| The Kirkby-on-Bain Church of England Primary School | Primary | 4.4 miles | Good — 14 Nov 2023 |