2-bedroom terraced house · LN2 2AE
Sold STCListed 156 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the ever popular and convenient Ermine Area, to the north of the historic Cathedral City of Lincoln, this well presented Two Bedroom End Terrace Home offers immaculate and spacious living accommodation throughout.
The property briefly comprises an Entrance Hall leading into a Lounge/Diner, fitted Kitchen, Side Lobby and a useful Utility Room.
To the First Floor, there are Two generous Double Bedrooms and a modern Family Bathroom.
Externally, the property benefits from a block paved driveway and a low maintenance gravelled garden to the front, along with a large, fully enclosed rear garden - ideal for families or outdoor entertaining.
Early viewing is highly recommended to fully appreciate all that this property has to offer.
LOCATION The historic Cathedral and University City of Lincoln has the usual High Street shops and department stores, plus banking and allied facilities, multiplex cinema, Marina and Art Gallery.
The famous Steep Hill leads to the Uphill area of Lincoln and the Bailgate, with its quaint boutiques and bistros, the Castle, Cathedral and renowned Lincoln Bishop University.
ENTRANCE HALL With staircase to the first floor, tiled flooring and double glazed window to the side aspect.
LOUNGE/DINER 19' 10" x 10' 10" (6.07m x 3.32m) With gas fire set within a decorative fireplace, laminate flooring, double glazed window to the front aspect, double glazed French doors to the rear garden and radiator.
KITCHEN 12' 0" x 7' 3" (3.67m x 2.23m) Fitted with a range of wall and base units with work surfaces over, stainless steel sink with side drainer and mixer tap over, electric oven, gas hob, spaces for washing machine and fridge freezer, wall mounted gas fired central heating boiler, tiled flooring and splashbacks, radiator and double glazed window to the rear aspect.
SIDE LOBBY With storage cupboard. UTILITY ROOM With spaces for washing machine and tumble dryer, storage cupboards, tiled flooring and double glazed window to the front aspect.
FIRST FLOOR LANDING With double glazed window to the side aspect. BEDROOM 1 14' 1" x 8' 11" (4.30m x 2.72m) With a range of fitted wardrobes, double glazed window to the front aspect and radiator.
BEDROOM 2 10' 8" x 10' 7" (3.27m x 3.23m) With double glazed window to the rear aspect and radiator.
BATHROOM Fitted with a three piece suite comprising of panelled bath with shower over, close coupled WC, wash hand basin in a vanity style unit, tiled walls, laminate flooring, towel radiator, spotlights and double glazed window to the rear aspect.
OUTSIDE To the front of the property there is a block paved driveway providing off street parking. There is a low maintenance gravelled front garden.
To the rear of the property there is a generous garden, enclosed in two sections, laid mainly to lawn with garden shed.
NOTE In order to comply with the Property Misdescriptions Act 1979 we must point out that the vendor is an acquaintance of a member of staff at Mundys.
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
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FAQ
About Woodhall Drive, Lincoln
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