1-bedroom house · LN2 5SL
Opportunity summary
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About
Charm & potential! A characterful one-bedroom end-terrace cottage just moments from Lincoln Cathedral, Castle and Bailgate.
Offering excellent scope for refurbishment, this is an ideal first home, investment or holiday let opportunity in one of Lincoln's most desirable locations.
A charming one-bedroom end-terrace cottage, occupying an enviable position within the heart of Lincoln's historic Cathedral Quarter and offered for sale with no onward chain.
Situated just a stone's throw from the iconic Lincoln Cathedral, Lincoln Castle and the vibrant Bailgate, the property enjoys one of the city's most sought-after locations, surrounded by an array of independent cafés, restaurants, boutique shops and historic landmarks.
Full of character and offering excellent potential for refurbishment, this delightful cottage presents an increasingly rare opportunity to acquire a home within one of Lincoln's most desirable settings.
Whether you are searching for a unique first home, a city bolthole, an investment property or a boutique holiday let (subject to any necessary consents), the property's exceptional location and charm make it an exciting opportunity.
The accommodation comprises an Entrance Hall, spacious Lounge/Diner, fitted Kitchen and Bathroom to the Ground Floor, with a generous double Bedroom and versatile Dressing Room/Home Office occupying the First Floor.
Externally, the property benefits from a communal courtyard together with its own allocated brick-built outbuilding, providing valuable external storage.
Entrance hall Accessed via a UPVC entrance door with tiled flooring, providing access to the principal ground floor accommodation.
Lounge/diner 16' 8" x 9' 4" (5.08m x 2.84m) A bright and surprisingly spacious reception room enjoying windows to both the front and side aspects, allowing plenty of natural light to flood the space.
Featuring laminate flooring, two radiators, a useful built-in storage cupboard and stairs rising to the first floor.
Offering ample space for both comfortable seating and family dining, the room flows directly through to the kitchen.
Kitchen 16' 8" x 8' 2 max" (5.08m x 2.49m) Fitted with a range of wall and base units complemented by laminate work surfaces incorporating a stainless steel sink with hot and cold mixer tap.
Further benefiting from a gas cooker, space and plumbing for a washing machine, space for a fridge/freezer, tiled flooring, radiator and windows to the front and side aspects.
Bathroom Fitted with a three-piece suite comprising a panelled bath with electric shower over, pedestal wash hand basin and WC.
Finished with tiled splashbacks, radiator, extractor fan, wall-mounted gas combination boiler and a frosted UPVC double glazed window.
Dressing room 16' x 7' 6" (4.88m x 2.29m) A versatile first floor space, ideal as a dressing room, home office or study, featuring laminate flooring, radiator, window to the front aspect and sliding door leading through to the bedroom.
Bedroom 15' 11" x 8' 11" (4.85m x 2.72m) A generous double bedroom with window to the front aspect and radiator.
Outside To the rear of the cottages there is a communal courtyard serving three properties, creating a practical shared outdoor space.
The cottage further benefits from its own allocated brick-built outbuilding, providing external storage.
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.
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 2, Wragby Road, Lincoln
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