3, Prospect Street
3, Prospect Street
Description & Estimates
The public record lists 3, Prospect Street, Horncastle as a freehold house sitting on a 130 m2 plot.
Comparison with its neighbours suggests a modern house with 1,040 ft2 of internal area and a garden.
In this area, houses of this size normally have 3 bedrooms.
3, Prospect Street, Horncastle has an estimated sale value of £228,483 and an estimated rental value of £1,037 per month, assuming reasonable condition and based on the information available.
Prospect Street, Horncastle, LN9 lies in the borough of East Lindsey, within the LN9 postal district.
Our Data Sources
3, Prospect Street, Horncastle has 21 entries in the Land Registry , most recently in January 2012 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 3, Prospect Street, Horncastle would be worth £239,908, with a potential rental value of £1,089 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £212,490, with a rental value of £965 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 3, Prospect Street, Horncastle has dropped by £5,835 (2.6%) over the last year. During the same period, its estimated monthly rental value has risen by £48 (4.6%). The property's estimated gross yield is currently 5.4%.
Plot Size
3, Prospect Street, Horncastle occupies a 130 m2 plot as recorded by HM Land Registry.
Sold Prices
3, Prospect Street, Horncastle last changed hands on 24th January 2012, selling for £115,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has risen by 96.4% since January 2012.
- Sold Jan 2012£115,000
- Sold Aug 1999£47,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 720 metres of 3, Prospect Street, Horncastle across the last 2 years.
Most recently, 9, Ashwood Close, Horncastle, LN9 5HA, a freehold house, sold at £242,000 on the 6th September 2024.
Read more about house prices in LN9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 3, Prospect Street, Horncastle as the 17th largest and the 14th most expensive of the 81 addresses on Prospect Street, Horncastle, LN9.
Against the LN9 postcode district average, it is £40k less expensive than the typical property.
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Schools Nearby
- 600mHorncastle Primary School
- 7.4kmThe Kirkby-on-Bain Church of England Primary School
- 8.5kmBucknall Primary School
- 200mQueen Elizabeth's Grammar School, Horncastle
- 1.0kmThe Banovallum School
- 12.2kmThe Barnes Wallis Academy
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Public Transport Nearby
Metheringham station is the nearest stop to 3, Prospect Street, Horncastle at 19.8 kilometres away.
- 19.8kmMetheringham
- 23.3kmThorpe Culvert
- 24.3kmMarket Rasen
Risk of Flooding
Environment Agency data suggests this area has a low risk of flooding.
