Auction

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Auction

1/13

2 bed house for sale Watermill Road, Horncastle, LN9

Guide Price

£75,000

Reduced on 20/10/2026

For sale by auction

Type: Terraced
Bedrooms: 2
Bathrooms: 1
Size: £176 per sq ft
Tenure: Freehold

Council tax Band A £1,517 a year

Key features

Mid Terrace House
Overlooking River In Heart Of Horncastle Town
Living Room w/ Log Burner
Two Bedrooms
Kitchen
First Floor Shower Room
Generous Paved Rear Garden
B
BUY IT NOW Option - Reservation Fee Applies
Being Sold by PurpleBricks Modern Auction

About this property

This Property is Being sold

Purplebricks

Modern Auction

A two bedroom property enjoying a particularly attractive position overlooking the River Bain, conveniently located close to Horncastle town centre. Offered with no onward chain and offering excellent potential for improvement and personalisation, this is an exciting opportunity for buyers looking for a home with a desirable setting and scope to make it their own.

Floorplan

Council tax

Band A £1,517 a year

Per year

Band A

This home: £1,517
Band B

£1,770
Band C

£2,023
Band D

£2,276
Band E

£2,782
Band F

£3,287
Band G

£3,793
Band H

£4,552

This home is in band A, which costs £1,517 a year in East Lindsey for 2026/27.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across East Lindsey, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone. Check a home's band on GOV.UK.

Price guide

This home

£176 / sq ft

Area average (sold)

£221 / sq ft

Price per area, sold homes nearby

£153 / sq ft

£176 / sq ft

£283 / sq ft

Lowest

This home

Highest

£176 per sq ft, below the middle of recent sales in LN9 (£153–£283, 10th–90th percentile, 325 sales over 24 months).

Lowest and highest are the 10th and 90th percentiles of 325 homes sold in LN9 over the last 24 months. This home's figure uses its asking price. All sold £/sq ft in LN9 →

Location

Watermill Road, Horncastle, LN9

Open map Street View

Mortgage and stamp duty

Property price £75,000

£38k £113k

Deposit11% £8,000

£0 £75k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £67,000 mortgage. Most lenders would want a household income of about £15,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
1, Watermill Road Terraced	Terraced	Aug 2017	452 sq ft £173/sq ft	452 sq ft	£173	£78,000
2, Watermill Road Terraced	Terraced	Sept 2010	431 sq ft £175/sq ft	431 sq ft	£175	£75,500
6, Watermill Road Detached	Detached	Oct 2006	n/a	n/a	n/a	£180,000
2, Watermill Road Terraced	Terraced	Sept 2004	431 sq ft £151/sq ft	431 sq ft	£151	£65,000
1, Watermill Road Terraced	Terraced	Jul 2003	452 sq ft £155/sq ft	452 sq ft	£155	£69,950
1, Watermill Road Terraced	Terraced	Aug 2002	452 sq ft £116/sq ft	452 sq ft	£116	£52,500
8, Watermill Road Terraced	Terraced	Jul 2002	775 sq ft £70/sq ft	775 sq ft	£70	£54,000
1, Watermill Road Terraced · new build	Terraced · new build	Jan 2001	452 sq ft £70/sq ft	452 sq ft	£70	£31,500