6-bedroom house · LN5 7NE
Listing removedListed 344 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This six bedroom HMO is fully licensed generating approximately £30,000 per annum. It is perfectly located in the sought after area of Sincil Bank.
Ideal for students attending Lincoln University or Lincoln Collage. The accommodation on offer comprises Entrance Hall, Lounge, Kitchen, Shower Room and Bedroom to the ground floor.
To the first floor there are Three Bedrooms and Shower Room and to the second floor there are a further Two Bedrooms. Outside the property there is a courtyard garden.
Entrance Hall External door to side aspect and stairs to first floor. Bedroom Six (12'4" x 13'1" (3.76m x 3.99m)) Bay window to front aspect and radiator.
Living Room (12'4" x 12'1" (3.76m x 3.68m)) Window to rear aspect and radiator. Kitchen (6'5" x 14'7" (1.96m x 4.44m)) External door and window to side aspect.
Fitted with a range of wall and base units with worktops over, sink with drainer, single electric oven, four burner gas hob with extractor over, space and plumbing for both dishwasher and washing machine and space for fridge freezer.
Shower Room (6'5" x 7'5" (1.96m x 2.26m)) Windows to side aspect and fitted with shower cubicle, low level WC, wash hand basin and radiator. Landing Access to second floor and storage cupboard.
Bedroom Three (9'5" x 9'1" (2.87m x 2.77m)) Window to front aspect and radiator. Bedroom Four (6'0" x 12'1" (1.83m x 3.68m)) Window to front aspect and radiator.
Bedroom Five (8'5" x 12'1" (2.57m x 3.68m)) Window to front aspect and radiator. Shower Room Window to side aspect and fitted with shower cubicle, low level WC, wash hand basin and radiator.
Bedroom One (2.65m x 4.15m (8'8" x 13'7")) Window to rear aspect and radiator. Bedroom Two (2.64m x 3.08m (8'8" x 10'1")) Window to front aspect and radiator.
Outside To the rear of the property there is a patioed and gravel courtyard.
Agents Note These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither Newton Fallowell nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
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 14, St. Andrews Street, Lincoln
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