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See how verdicts work4-bedroom terraced house · LN1 1BD
Sold STCListed 231 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Pygott and Crone are delighted to present this modern three storey town house enjoying an idyllic canal side position within walking distance of the City Centre and University of Lincoln.
The property is to be sold with No Onward Chain.
The well-presented accommodation extends to around 1,245 sq ft and briefly comprises of a welcoming entrance hall, 30ft Open Plan Living /Dining / Kitchen, Utility Room, Cloakroom/WC, First Floor Living Room with French doors and Juliet balcony with superb river views, Principal Bedroom with En Suite, three further Bedrooms and Family Bathroom.
Outside there is parking for one car, a single garage and enclosed rear garden.
Iris Crescent benefits from being close to the centre of Lincoln as well as having excellent transport links to get out of the city including bus routes, local railway station and is within easy access of the recently extended A46.
A short walk away is the West Common which has local walks and sports facilities such as golf course, tennis courts and cycling path for everyone to enjoy.
Agent's Note: The property itself is freehold, the garage is on a separate Leasehold title, with an annual service charge of approximately £32.
Entrance Hall Open Plan Living/Kitchen/Dining Room 9.14m x 9.1m - 29'12" x 29'10" Utility 1.96m x 1.88m - 6'5" x 6'2" Cloakroom/WC First Floor Landing Living Room 5.03m x 3.53m - 16'6" x 11'7" Bedroom 1 3.23m x 3m - 10'7" x 9'10" En-Suite Shower Room 1.93m x 1.91m - 6'4" x 6'3" Second Floor Landing Bedroom 2 3.85m x 2.78m - 12'8" x 9'1" Bedroom 3 3.53m x 2.78m - 11'7" x 9'1" Bedroom 4 2.44m x 2.14m - 8'0" x 7'0" Bathroom 2.15m x 1.94m - 7'1" x 6'4" Garage
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
Agent & docs
FAQ
About Iris Crescent, Lincoln, Lincolnshire, LN1
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