Property · LN2 2PA
For saleListed 61 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The property comprises a former garage site constituting a range of outbuildings, in varying degrees of disrepair, with Full Planning Permission in place for the demolition of these buildings and the construction of 6 new residential dwellings, sat on a site extending to approximately 0.19 hectares (0.47 acres), together with an adjoining existing residential semi-detached dwelling, which is located adjacent to the entrance into the site.
The properties for which Planning Permission has been secured comprise a pair of semi-detached Coach houses, with under-croft car parking, a semi-detached 3-bedroom bungalow, a pair of semi-detached 3-bedroom houses and a detached 4-bedroom house.
The site is situated within the heart of the popular village of Nettleham, close to the village amenities which are within easy walking distance.
The property directly abuts the public highway with both vehicular and pedestrian access off North Street.
The surrounding area is very much residential in character, with the housing comprising a range of both traditional stone Grade II Listed older dwellings and on the site adjacent, a modern high quality housing estate.
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 2 & 4 North Street, Nettleham, Lincoln, Lincolnshire, LN2 2PA
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