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See how verdicts work6-bedroom house · LN2 5AU
For saleReduced £10k (−3.1%) on 21 JunListed 504 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Investment opportunity - currently let! Positioned in this prime location in the Centre of Lincoln, just off Rosemary Lane.
The properties consist of 4 separate dwellings, that are all currently Let out and generating an approx. Income of £30,160 per annum.
Outside there is a large parking area with space for several vehicles. Viewing is recommended. Investment opportunity - currently let!
Positioned in this prime location in the Centre of Lincoln, just off Rosemary Lane. The properties consist of 4 separate dwellings, that are all currently Let out and generating an approx.
Income of £30,160 per annum. Outside there is a large parking area with space for several vehicles. Viewing is recommended.
Location Located just off Monks Road on Rosemary Lane, close to all local facilities and is within easy walking distance to the City Centre. 11 spa building Gas central heating boiler in the loft.
Inner hallway With entrance door to the front aspect, UPVC window to the side aspect, doors to bathroom and lounge and stairs to the first floor.
Bathroom With UPVC window to the front aspect, radiator and suite to comprise of bath with shower over, WC and wash hand basin.
Lounge 17' 9" x 9' 9" (5.41m x 2.97m) , with UPVC double doors to the courtyard, radiator and door to kitchen.
Kitchen 9' 11" x 5' 10" (3.02m x 1.78m) , with UPVC window to the front aspect, fitted with base units and drawers with work surfaces over, spaces for cooker, fridge and washing machine and wall mounted units with complementary tiling below.
First floor landing With doors to two bedrooms. Bedroom 1 17' 7" x 9' 11" (5.36m x 3.02m) , with double glazed window to the side aspect, radiator and wooden flooring.
Bedroom 2 6' 7" x 17' 8" (2.01m x 5.38m) , with double glazed window to the rear aspect, radiator and wooden flooring.
12 spa building kitchen 12' 5" x 10' 7" (3.78m x 3.23m) , with UPVC window and door to the front aspect, fitted with base units and drawers with work surfaces over, stainless steel sink unit and drainer with mixer tap above, spaces for cooker, fridge and washing machine, wall mounted units, door to the shower room, archway to the lounge, wall mounted gas central heating boiler and radiator.
Shower room 3' 2" x 10' 2" (0.97m x 3.1m) , with UPVC window to the front aspect, suite to comprise of shower, WC and wash hand basin and radiator.
Lounge 19' 11" x 11' 7" (6.07m x 3.53m) , with UPVC window to the front aspect, wooden flooring, radiator, stairs to the first floor landing.
First floor landing With doors to the bedrooms and shower room and a storage cupboard.
Shower room 8' 11" x 3' 4" (2.72m x 1.02m) , with tiled flooring, tiled walls, suite to comprise of shower, WC and wash hand basin and radiator.
Bedroom 1 10' 9" x 12' 6" (3.28m x 3.81m) , with UPVC window to the front aspect, radiator and wooden flooring.
Bedroom 2 10' 0" x 11' 9" (3.05m x 3.58m) , with UPVC window to the front aspect, radiator and wooden flooring.
13A spa building kitchen 11' 10" x 7' 2" (3.61m x 2.19m) , with UPVC door and window to the front aspect. Bathroom 8' 1" x 7' 2" (2.47m x 2.19m) , with UPVC window to the rear aspect.
Dining area 11' 11" x 11' 11" (3.65m x 3.65m) , with UPVC windows to the side and front aspects. Bedroom area 11' 6" x 11' 11" (3.53m x 3.65m) , with UPVC windows to the front and side aspects.
13B spa building With door to the front aspect and stairs to the first floor. Bedroom 12' 0" x 22' 4" (3.68m x 6.81m) , with window to the front aspect.
Kitchen 11' 11" x 12' 5" (3.65m x 3.81m) , with window to the front aspect. Utility area 4' 9" x 7' 1" (1.45m x 2.17m) bathroom 7' 1" x 7' 10" (2.16m x 2.40m) , with window to the front aspect.
Outside all properties The properties are approached via secure gates. There is tarmac allocated parking bays for five vehicles and access to further hardstanding where more parking is available.
To the rear of number 11 there is a courtyard garden. Note All figures should be checked with the Vendor/Solicitor prior to Exchange of Contracts and completion of the sale.
Rental Information is available upon request.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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
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FAQ
About 11, 12, 13a and 13b, Spa Buildings, Lincoln
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