3-bedroom semi-detached house · LN1 3BN
To rentListed 11 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
LOCATION Drury Lane is situated within Lincoln's historic Cathedral Quarter, directly below Lincoln Cathedral and within the heart of the Bailgate area.
The surrounding streets are home to a range of independent shops, cafés, restaurants, public houses and other amenities, with Lincoln Castle, Cathedral and Steep Hill all within easy reach.
The High Street and wider City Centre are accessible via Steep Hill, while the Cathedral Quarter also provides convenient access to the historic uphill area and the amenities found around Bailgate.
ACCOMMODATION The property offers well proportioned accommodation throughout, with the Reception Hallway leading through to a comfortable Lounge, separate Dining Area and Study, together with a Modern Fitted Kitchen.
To the First Floor, the Landing provides access to Three Double Bedrooms, with Bedroom One benefiting from En-suite facilities and a separate Family Shower Room serving the remaining accommodation.
The property offers a good balance of living and bedroom space. OUTSIDE To the rear of the property there is a Private Courtyard Garden with views over the City Centre.
To the front, the property benefits from Residents' Permit Parking, with views towards Lincoln Castle and Lincoln Cathedral.
RENT AND DEPOSIT The asking Rent for the property is £1,500.00 per calendar month and the Tenancy Deposit is £1,730.00 (equal to 5 weeks' rent). The Holding Deposit for this property is £345.00.
ASSURED PERIODIC TENANCY The property will be let on an assured periodic tenancy (rolling monthly). The landlord is seeking a tenant for longer-term occupation.
ADDITIONAL FEES There are no application fees payable. You will be required to pay a Holding Deposit equal to one weeks rent to secure the property.
More information on charges to Tenants can be found on our website - VIEWINGS By prior appointment through Mundys.
THE RENTERS RIGHTS ACT 2025 New legislation was implemented in May 2026 and affects existing and new tenancies. More information on the changes is available at:
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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.
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