4-bedroom terraced house · LN5 8ER
For saleListed 22 days
Opportunity summary
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About
Starkey&Brown are delighted to offer for sale this impressive four-bedroom period terrace property, ideally positioned directly opposite the highly regarded South Park in Lincoln.
Offering generous and versatile living space arranged over three floors, this characterful home provides an excellent combination of traditional features, spacious rooms and a fantastic city location, with views directly over South Park from the front of the property.
The ground floor is entered via a hall leading into the bay-fronted living room, which enjoys a particularly pleasant outlook over South Park.
This generous reception room provides a comfortable principal living space, whilst further along the ground floor is a kitchen diner, offering plenty of room for a dining table and creating a sociable space for everyday family life and entertaining.
One of the property's most appealing features is the versatile basement level, which provides two further generous rooms that could be used as additional bedrooms, reception rooms, home offices, hobby rooms, or a combination of uses depending on the purchaser's requirements.
There is also a useful utility area and shower room, with access directly out to the rear courtyard, adding considerable practicality to this lower level.
To the first floor are two further well-proportioned double bedrooms, along with a three-piece suite family bathroom.
Combined with the two versatile basement rooms, the property offers excellent flexibility for a growing family or anyone requiring additional space for working from home, guests or entertaining.
Externally, the property benefits from a stone-laid rear courtyard, providing a low-maintenance outdoor space with direct access from the basement level.
To the front, the property enjoys wonderful views across South Park, whilst nearby on-street parking is available. The location is a particular highlight.
Situated directly opposite South Park, residents have access to extensive green open space, making it ideal for walking, running, exercising or simply enjoying the outdoors, whilst still being within easy reach of Lincoln city centre.
The surrounding area offers a fantastic selection of local shops, cafés, restaurants, public houses and everyday amenities, with the city centre providing an even wider choice of shopping, leisure and entertainment facilities.
Council tax band: B. Freehold. Access Into: Entrance Hall Staircase to the first floor.
Living Room (12' 8'' x 11' 11'' (3.86m x 3.63m)) Having a uPVC double-glazed bay window to the front aspect, wooden floorboards, a radiator, coved ceiling, and a gas fireplace.
Kitchen Diner (12' 8'' x 11' 0'' (3.86m x 3.35m)) Having a range of base units, an electric oven with four-ring gas hob and extractor fan, wall-mounted boiler, a stainless steel sink with mixer taps, space for a fridge freezer, a uPVC double-glazed window to the rear, wooden floorboards, space for a fridge freezer, staircase to the first floor, fireplace with mantle (not in use) and a radiator.
First Floor Landing Having loft access. Bedroom 1 (12' 5'' x 11' 0'' (3.78m x 3.35m)) Having a uPVC double-glazed window to the front aspect, carpeted, a radiator, and an overstairs storage cupboard.
Bedroom 2 (11' 1'' x 7' 4'' (3.38m x 2.23m)) Having a uPVC double-glazed window to the rear aspect, carpeted, and a radiator.
Bathroom (8' 3'' x 8' 0'' (2.51m x 2.44m)) Three-piece suite comprising a panelled bath with handheld and rainfall shower unit, a low-level WC, wash hand basin, partially tiled walls, a radiator, cabinet with mirror and storage, and a frosted double-glazed window to the rear aspect.
Basement Floor Accessed from the kitchen diner. Bedroom 3 (12' 4'' x 11' 3'' (3.76m x 3.43m)) Carpeted, fire escape window, understairs storage cupboard, and a radiator.
Bedroom 4/Reception Room (12' 0'' x 10' 5'' (3.65m x 3.17m)) Carpeted, a uPVC double -glazed window to the rear aspect, a cast-iron fireplace, a radiator, and a storage cupboard.
Access to: Utility Room Space and plumbing for appliances, a door to the rear, and a radiator.
Access to: Shower Room Three-piece suite comprising a shower cubicle, low-level WC, wash hand basin, frosted double-glazed window to the rear aspect, vinyl flooring and a radiator.
Outside Rear Fenced surround, stone-laid garden, and staircase leading to the alleyway. Outside Front Views over South Park and on-street parking.
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 38, South Park, Lincoln
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