According to the public record, 6, Watermill Road, Horncastle is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 1,277 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Watermill Road, Horncastle, LN9 is located in the borough of East Lindsey within the LN9 postal district.
6, Watermill Road, Horncastle has 21 entries in the Land Registry database, most recently in October 2006 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.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 6 Watermill Road Horncastle as £187,132 and the rental value as £927 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 6 Watermill Road Horncastle has increased by £7,183 (3.8%) and its rental value has increased by £34 per month (3.7%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 6, Watermill Road, Horncastle is in very good condition we estimate a sale value of £196,489 and rental value of £974 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £174,033 and a rental value of £862 per month.
If you were able to purchase this property for the estimated value of £187,132, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £920 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 6, Watermill Road, Horncastle was last sold on 02 Oct 2006 for £180,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 6, Watermill Road, Horncastle within a radius of 538m over the last 2 years.
The most recent example is 63, Foundry Street, Horncastle, LN9 6AG, a Freehold house which sold for £170,000 in Mar 2022.
Read more about house prices in LN9.
Watermill Road, Horncastle, LN9 has a total of 8 addresses. According to our analysis of all the public data, 6, Watermill Road, Horncastle is the largest and the most expensive property on the street.
When compared to the postcode district it is £97k less expensive than the average property in LN9.
The closest station to 6, Watermill Road, Horncastle is Metheringham station which is 20.0 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 6, Watermill Road, Horncastle, 38.0% of property is privately rented and 26.0% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 6, Watermill Road, Horncastle, 20.7% of residents are recorded as possessing school level qualifications and 24.5% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 6, Watermill Road, Horncastle, the average age was 45.8 and the most common age was 57.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 6, Watermill Road, Horncastle, 0.5% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 6, Watermill Road, Horncastle, there are an average of 1.1 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.