2-bedroom terraced house · LN5 8AB
For saleListed 5 days
Opportunity summary
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About
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.
ACCOMMODATION A two bedroom mid terrace property situated in this popular position on Peel Street, to the south of Lincoln High Street.
The property has internal accommodation to comprise a lounge, fitted dining kitchen and utility room, with a first floor landing giving access to two bedrooms and a bathroom.
Outside, there is on-street parking to the front and an enclosed yard with outbuilding to the rear.
LIVING ROOM 11' 5" x 10' 6" (3.50m x 3.22m) With uPVC window and door to the front aspect, radiator and glazed panel door leading to the kitchen.
KITCHEN 11' 3" x 10' 6" (3.44m x 3.22m) With doorway leading into the utility room, uPVC window to the rear and fitted with a range of modern base units and drawers with work surfaces over, integral electric oven and electric hob with extractor above, stainless steel sink and drainer with mixer tap, wall mounted cupboards, complementary splashbacks and integral dishwasher.
UTILITY ROOM 5' 6" x 4' 9" (1.69m x 1.45m) With uPVC window and door to the rear, wall mounted gas central heating boiler and space for washing machine.
LANDING Giving access to both bedrooms and the bathroom. BEDROOM 1 11' 3" x 9' 1" (3.43m x 2.78m) With uPVC window to the rear aspect and radiator.
BEDROOM 2 9' 6" x 7' 3" (2.92m x 2.22m) With uPVC window to the front aspect and radiator.
BATHROOM 6' 3" x 4' 5" (1.92m x 1.37m) With uPVC window to the front aspect and suite comprising a bath with shower over, WC and wash hand basin, radiator and tiled walls.
OUTSIDE To the front of the property, there is on-street parking. To the rear, there is an enclosed yard with outbuilding.
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 Peel Street, Lincoln
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