3-bedroom bungalow · LN6 9QT
Listing removedListed 255 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exceptional opportunity to acquire a fully renovated and immaculately presented three-bedroom detached bungalow set in 1/3 of an acre (sts), occupying a generous and highly desirable plot in the popular residential area of North Hykeham.
The property has been completely refurbished to a high standard throughout, offering stylish, modern accommodation that is ready for immediate occupation.
The well-proportioned internal layout provides comfortable and flexible living space.
This includes three bedrooms, with the main bedroom benefitting from an en-suite shower room, alongside a contemporary family bathroom serving the remaining bedrooms.
Externally, the bungalow enjoys a private driveway providing ample off-road parking, together with a detached garage.
A standout feature of the property is the excellent plot size, which not only provides attractive outdoor space but also offers a significant development opportunity, with outlined planning consent in place for two additional bungalows (subject to the usual conditions).
Set within the garden is a flexible outbuilding offering a range of potential uses, from workspace to leisure or storage Situated close to local amenities, reputable schooling, transport links, and the city of Lincoln, this is a rare chance to purchase a beautifully finished home with substantial future potential.
Entrance Hall 4.03m x 2.28m - 13'3" x 7'6" Kitchen/Breakfast Room 2.91m x 4.96m - 9'7" x 16'3" Lounge 4.27m x 3.03m - 14'0" x 9'11" Bedroom 1 3.64m x 4.24m - 11'11" x 13'11" En-Suite Shower Room 2.88m x 1.79m - 9'5" x 5'10" Bedroom 2 3.01m x 4.11m - 9'11" x 13'6" Bedroom 3 2.41m x 3.07m - 7'11" x 10'1" Bathroom 1.71m x 3.03m - 5'7" x 9'11" Outside Garage 6.06m x 3.86m - 19'11" x 12'8" Store attached to Garage 2.3m x 3.03m - 7'7" x 9'11" Potting Shed 3.38m x 3.03m - 11'1" x 9'11" Store attached to Potting Shed 3.38m x 2.25m - 11'1" x 7'5"
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 Water Lane, North Hykeham, Lincoln, Lincolnshire, LN6
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