Sold STC Bungalow

1 FAIRFAX CLOSE

HORNCASTLE, LINCOLNSHIRE LN9 6RD

3 beds 2 baths 81 m² Listed 5 Jun 2025 (-411d)

£255,000

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Main Elevation

Main Elevation Conservatory Living Room Living Room Kitchen Bedroom Bathroom Bedroom Front Elevation Utility Rear Elevation Rear garden Rear Garden Garage

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Property details

Tenure

FREEHOLD

Floor area

81 m²

Council tax band

C

EPC rating

D

Last sold

£250,000 Mar 2026

Price per m²

£3,148/m²

Local average

£306,738 (-16.9%)

Deprivation

Decile 7 (21,121 of 33,755)

Street crime

0 incidents within 1 mile (May 2026)

Key features

  • NO ONWARD CHAIN
  • Detached Bungalow
  • Cul-de-sac Location
  • Gardens to Front and Rear
  • Single Garage and Driveway Parking

Additional details

Parking
Yes
Garden
Yes

Description

NO ONWARD CHAIN! 1 Fairfax Close is a three-bedroom bungalow, with large lounge and conservatory to the rear, set back from the road in this small cul-de-sac of similar properties. With gardens to the front and rear, a long driveway and single garage.

The property is conveniently located for the full range of services and amenities in the town of Horncastle. These include doctors surgery, supermarkets, a range of shops, cafes and public transport links to Lincoln and the coast.

Listed by

Horncastle

Robert Bell & Company

Reference: 162894701

EPC Rating & Upgrade Cost

Current rating: D

Potential rating: B

Inspection date: 10/06/2025

Expiry date: 09/06/2035

Current heating cost: £1,020/year

Potential heating cost: £798/year

Est. upgrade cost to C: £11,145

Recommendations

  • Increase loft insulation to 270 mm (£100 - £350)
  • Floor insulation (suspended floor) (£800 - £1,200)
  • Low energy lighting for all fixed outlets (£20)
  • Upgrade heating controls (£350 - £450)
  • Solar water heating (£4,000 - £6,000)
  • Solar photovoltaic panels, 2.5 kWp (£3,500 - £5,500)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

Floorplan 1

EPC Graphs

Energy Performance Certificate

Energy Performance Certificate

Price history

229% since 2000

Event Date Price % change
Sold 20/03/2026 (4 months ago) £250,000 +228.9%
Sold 24/03/2000 (26 years ago) £76,000 —

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

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: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 10.6%
10y growth 69.9%

House Price Index (HM Land Registry — official index, not sold-price averages): East Lindsey. Series: Detached. As of April 2026.

1y (index) 2.7%
5y (index) 16.8%
10y (index) 43.7%

Rental Range

Estimated market rent for East Lindsey. Low = conservative, Realistic = average, Optimistic = best case.

Low £625/mo
Realistic £694/mo
Optimistic £763/mo

Based on Local Authority from postcode lookup → East Lindsey.

LHA (30th percentile) floor for Wolds and Coast: £598/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View LN9 6RD

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Bus stop 121 Tennyson Gardens 0.2 miles
Shop Lawence Shaw Antiques 0.4 miles
Shop Old Hat 0.4 miles
Hospital Horncastle War Memorial Hospital 0.6 miles

Street-level crime

Category Count
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. Data from Get Information about Schools and Ofsted.

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

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)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.33%
Max investor price (0.8%) £103,750
Target investor price (1%) £83,000
Gross yield 3.9%
Cost-to-rent ratio 25.6×
Monthly cashflow £-282/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI -4.6%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus 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).