1-bedroom house · LN5 7UE
To rentListed 491 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Pygott and Crone are offering To Let this fully furnished one single bedroom first floor room with communal living space, modern kitchen and shower room within the city centre of Lincoln with bills included.
Deposit - £425 EPC Rating - D Holding Deposit (per tenancy) £85 One week's rent. This is to reserve a property.
Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
Accessing applicant(s) rent affordability: All applicants are assessed on their outgoing credit commitments and basic expenditures relevant to renting a home.
These findings are then be compared to the applicants monthly income to determine if the rent is affordable to the applicant(s).
HomeLet presents this figure to the agent/landlord on the final report, which will give an understanding of the maximum rent that the applicant is able to afford based on the applicants declared monthly income.
All applicants must be fully referenced by HomeLet Affordability Example 20% of total monthly income taken for expenses (as per HomeLet's process) minus outgoings = total rent affordability Monthly income is £2200 20% of that is £440.00 Minus applicants monthly outgoings £800 Applicants Maximum Rent share available is £960 (this is an example only and doesn't represent any figures for this specific property) For further information on the process, please speak to a member of the rental team.
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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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About Room 3, 89 St Andrews Street, Lincolnshire
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