1-bedroom property · LN5 9SN
For saleListed 246 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent opportunity to acquire this block of 4 - 1 bedroom terraced houses which have been converted in recent years and are all let on AST (Assured Shorthold Tenancies) The property has a large garden to the rear and parking.
Location The cottages are situated in the centre of the village. Harmston is a village and civil parish in the North Kesteven district of Lincolnshire.
It is situated just west of the A607, and 5 miles (8 km) south from the city and county town of Lincoln. It sits on the Lincoln Cliff overlooking the River Witham valley.
ACCOMMODATION The property comprises 4 cottages in a terrace that were converted over 10 years ago and each comprise ground floor entrances, lounge/kitchen and first floor 1 bedroom and bathroom.
The property has communal parking and large garden area to the rear.
The size of each (EPC measurement)Number 1 - 43 sqm (462,85 sqft) end terrace Number 2 - 39 sqm (419.79 sqft) mid terrace Number 3 - 36 sqm (387.50 sqft) mid terrace Number 4 - 35 sqm (376.74 sqft) end terrace PLANNING The property has an established use as C3 (Residential) SERVICES Mains water, electricity, drainage are connected but not tested TENURE The property is being sold freehold subject to existing AST (Assured Shorthold Tenancies) Each house is paying £600 pcm = £28,800 pax RATEABLE VALUE Each house has a council tax banding of A Energy Performance Certificate Each property has an EPC rating of E LEGAL COSTS Each party is responsible for their own legal costs VAT The sale is not subject to VAT LOCAL AUTHORITY North Kesteven District Council Kesteven Street Sleaford Lincolnshire NG34 7EF Tel VIEWINGS Contact Pygott & Crone Commercial 36a Silver Street LincolnLN2 1EW Tel
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Marshalls Cottages High Street, Harmston, Lincoln, Lincolnshire, LN5
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