# 3 bedroom bungalow for sale (LN9 6RD) ## Property Details | Key | Value | |-----|-------| | Address | 1 FAIRFAX CLOSE, HORNCASTLE, LINCOLNSHIRE LN9 6RD | | Price | £255,000 | | Bedrooms | 3 | | Bathrooms | 2 | | Council tax | C | | Last sold | £250,000 Mar 2026 | ## 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) ## 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. ## Property Photos - ![Main Elevation](/listings/photos/162894701/1193178) - Main Elevation - ![Conservatory](/listings/photos/162894701/1193179) - Conservatory - ![Living Room](/listings/photos/162894701/1193180) - Living Room - ![Living Room](/listings/photos/162894701/1193181) - Living Room - ![Kitchen](/listings/photos/162894701/1193182) - Kitchen - ![Bedroom](/listings/photos/162894701/1193183) - Bedroom - ![Bathroom](/listings/photos/162894701/1193184) - Bathroom - ![Bedroom](/listings/photos/162894701/1193185) - Bedroom - ![Front Elevation](/listings/photos/162894701/1193186) - Front Elevation - ![Utility](/listings/photos/162894701/1193187) - Utility - ![Rear Elevation](/listings/photos/162894701/1193188) - Rear Elevation - ![Rear garden](/listings/photos/162894701/1193189) - Rear garden - ![Rear Garden](/listings/photos/162894701/1193190) - Rear Garden - ![Garage](/listings/photos/162894701/1193191) - Garage ## Floorplans - ![Floorplan 1](/listings/photos/162894701/1193192) - Floorplan 1 ## EPC Graphs - ![Energy Performance Certificate](/listings/photos/162894701/1193193) - Energy Performance Certificate ## 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 | ## 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) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £306,738 (22 Detached, LN9, 2024–2026) - **Deviation:** -16.9% ## 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).* - **LHA floor (this property size):** £598/mo ## 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:** 3.9% - **Cost-to-rent:** 25.6× - **Monthly cashflow:** £-282/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** -4.6% *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).* ## Price per Square Metre - **£/m²:** £3,148/m² ## 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% ## 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)