3-bedroom bungalow
For saleListed 3 days
Opportunity summary
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About
Exciting and unique redevelopment / refurbishment opportunity is being offered for sale for the first time since 1971 and enjoying a superb semi rural setting just outside the popular village of Digby, adjacent to farmland but within walking distance of the village centre.
Set within a mature 1.3 acre plot the property comprises a former railway station that has been converted to a characterful family home of some 1532sqft together with an extensive range of brick outbuildings offering immense potential.
The vendors have approached nkdc planning department and submitted a pre planning application for a scheme to redevelop the property and create four dwellings, two from converting the main house and a further two from converting the outbuildings.
This application received a positive response and a copy of the report is available from the selling agents.
A buyer will have to submit a full planning application for either this or an alternative proposal.
The existing house provides large entrance porch, 26ft x 15ft lounge, kitchen, shower room, bedroom 2 / reception room, principal bedroom 29ft x 13ft with dressing room off and access to cellar below.
There is a large workshop adjoining to one end and further workshop / store to the other which could be incorporated in to the main dwelling.
The property has oil fired central heating together with additional electric heating. There are several outbuildings.
Some adjoining the main dwelling with potential to be incorporated together with further brick buildings detached from the main dwelling.
The grounds are mature with extensive grassed areas and a number of mature trees making a beautiful setting whether retained as one family home or developed in to a number of dwellings.
Agents note The property has mains electricity and water but drainage is to a septic tank. The neighbouring property which was the former goods yard has right of way over the driveway.
Entrance Porch 7.69m x 1.69m - 25'3” x 5'7” Lounge 7.93m x 4.85m - 26'0” x 15'11” Kitchen 4.66m x 4.29m - 15'3” x 14'1” Shower Room 3.21m x 3.02m - 10'6” x 9'11” WC 1.46m x 1.18m - 4'9” x 3'10” Bedroom 1 8.87m x 4.2m - 29'1” x 13'9” Dressing Room Bedroom 2 4.22m x 3.95m - 13'10” x 12'12” Outside Workshop 9.65m x 4.95m - 31'8” x 16'3” Storage 5.07m x 4.19m - 16'8” x 13'9” Carport 4.9m x 3.23m - 16'1” x 10'7” Outbuilding 8.69m x 5.45m - 28'6” x 17'11” Store 1 3.36m x 3.2m - 11'0” x 10'6” Store 2 3.36m x 3.2m - 11'0” x 10'6” Store/Office 4.09m x 2.48m - 13'5” x 8'2”
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 Station Road, Lincoln
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