3-bedroom semi-detached house · LN4 4JX
Listing removedListed 203 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A three bedroom semi detached house pleasantly situated within this ever-popular residential area.
The property does require some updating but offers an excellent opportunity to upgrade to one's own desire. The property is enhanced with good off-street parking and a surprisingly large garden.
The shopping, social and educational facilities of the well service Lincolnshire village are all with easy walking distance.
Accommodation - Entrance into the property is gained through a uPVC side entrance door into: Entrance Lobby - With door to: Living Room - 14' 7'' x 14' 0'' (4.44m x 4.26m) - With bay window to front aspect and having open plan staircase to the first floor, feature open brick fire place with tiled hearth, radiator, power points and door to: Kitchen - 14' 7'' x 8' 0'' (4.44m x 2.44m) - Overlooking and having uPVC door to the rear garden.
There is a range of fitted units comprising one and a half stainless steel sink drainer inset to worksurface over base units including space and plumbing for washing machine.
There is a slot-in electric cooker, wall mounted cupboards above and filter hood over the hob. There is feature open brickwork, radiator and power points.
First Floor - Landing - With built-in airing cupboard, access to roof space, power point and door to: Bedroom 1 - 10' 6'' x 7' 6'' (3.20m x 2.28m) - With front aspect and having radiator and power points.
Bedroom 2 - 9' 9'' x 8' 0'' (2.97m x 2.44m) - Overlooking the rear garden and having built-in double wardrobe, radiator and power points.
Bedroom 3 - 7' 0'' x 7' 6'' (2.13m x 2.28m) main area - With front aspect and having radiator and power points.
Bathroom - With a suite comprising panelled bath with shower over, pedestal wash hand basin and a low-level WC and radiator.
Outside - The property is approached over a driveway providing parking for several vehicles. The remaining front garden is laid to lawn having gate to surprisingly large enclosed rear garden.
The parking area could easily be extended if require to provide further parking.
Further Information - East Lindsey District Council Tax band: B EPC rating: D SERVICES: The agents would like to point out that the services of this property have not been checked and this matter is left to the prospective purchaser to make appropriate further enquiries.
VIEWING: By arrangement with the agent's Woodhall Spa Office. 19 Station Road, Woodhall Spa. LN10 6QL. Tel: Email: ; Website: Brochure prepared 17.09.2024
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About 5 Read Way, Coningsby
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