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See how verdicts work2-bedroom terraced house · LN5 7UQ
For saleListed 6 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Asking Price: £109,950 Two-Bedroom Terraced House | Refurbishment Opportunity | Ideal Investment Property An exciting opportunity for investors, builders and landlords!
This two-bedroom terraced house in Lincoln offers two reception rooms, a kitchen, first-floor bathroom and enclosed courtyard.
Requiring refurbishment, the property presents excellent potential to add value.
Key Features Traditional Two-Bedroom Terraced Property Asking Price £109,950 Excellent Refurbishment Opportunity Ideal for Investors, Builders & Developers Two Separate Reception Rooms Galley-Style Kitchen First-Floor Family Bathroom Enclosed Rear Courtyard Potential Buy-to-Let or Resale Project Opportunity to Modernise & Add Value Full Property Description AN EXCITING REFURBISHMENT OPPORTUNITY – IDEAL FOR INVESTORS, DEVELOPERS & BUY-TO-LET LANDLORDS Green Key Estate Agents are delighted to present to the market 23 Norris Street, Lincoln, a traditional two-bedroom terraced house offering an exciting opportunity for purchasers looking to undertake a refurbishment project and unlock the propertys potential.
Offered for sale at an asking price of £109,950, this property is particularly well suited to builders, property developers and buy-to-let investors seeking a manageable project with scope for improvement and potential capital appreciation.
The property requires a programme of refurbishment, modernisation and general upgrading throughout, presenting an excellent opportunity for a purchaser to put their own stamp on the accommodation.
Whether the intention is to refurbish and resell or to create an attractive rental property, 23 Norris Street provides a practical starting point for a value-adding investment project.
The Accommodation The accommodation is arranged over two floors and offers a traditional layout, with two separate reception rooms, a galley-style kitchen, two bedrooms and a spacious first-floor family bathroom.
The ground floor provides a front living room and a separate dining room, offering flexibility for everyday living and entertaining.
To the rear is a fitted kitchen, with access to the enclosed courtyard.
On the first floor are two bedrooms, including a principal double bedroom featuring a traditional fireplace, together with a generously proportioned family bathroom.
Although the accommodation would benefit from updating, the existing layout provides a good foundation for refurbishment and improvement. Ground Floor Living Room – Approx.
11m² Positioned at the front of the property, the living room benefits from a window overlooking Norris Street, allowing natural light into the accommodation.
The room offers a comfortable reception space with scope for redecoration, replacement flooring and general modernisation. Dining Room – Approx.
13m² A separate dining room providing additional reception space and flexibility for future occupants.
This room offers ample potential to create an attractive dining and entertaining area, with access through to the kitchen. Kitchen – Approx.
6m² Located towards the rear of the property, the galley-style kitchen is fitted with a range of wall and base units, work surfaces and a sink unit.
The kitchen would benefit from refurbishment and upgrading, presenting an opportunity to introduce a contemporary fitted kitchen suited to modern living requirements.
Access is provided towards the enclosed rear courtyard. First Floor Principal Bedroom – Approx.
11m² A double bedroom positioned at the front of the property, featuring a window overlooking Norris Street, a traditional decorative fireplace and built-in storage.
The room offers good potential for refurbishment to create an attractive principal bedroom. Bedroom Two – Approx.
7m² A second bedroom providing flexible accommodation, suitable for use as a single bedroom, nursery, home office or guest room. Family Bathroom – Approx.
6m² A spacious first-floor bathroom comprising a panelled bath with overhead shower, pedestal wash hand basin and low-level WC.
The room benefits from natural light through a window and offers potential for modernisation.
Outside Enclosed Rear Courtyard To the rear of the property is an enclosed, paved courtyard providing private, low-maintenance outdoor space.
The courtyard offers potential for improvement and landscaping to create an attractive outdoor seating area.
Investment & Development Potential 23 Norris Street represents an appealing opportunity for purchasers seeking a traditional terraced property that can be improved through refurbishment.
With two bedrooms, separate reception rooms and an enclosed rear courtyard, the property offers the fundamental accommodation required for a comfortable residential home.
Potential opportunities include: Refurbishment and resale, subject to market conditions and costs. Improvement and retention as a buy-to-let investment.
Modernisation to create an attractive home for an owner-occupier. An additional investment property for an established landlord. A manageable refurbishment project for a local builder or developer.
The property is likely to appeal particularly to purchasers who are comfortable undertaking improvement works and wish to add value through their own refurbishment programme.
An opportunity to acquire a traditional Lincoln terrace with genuine scope for improvement at an accessible asking price.
EPC is D New boiler fitted Sept 2026 Viewing Arrangements Properties offering refurbishment potential at this price point may appeal to a broad range of investors and project buyers.
Early viewing is recommended to appreciate the accommodation, current condition and potential on offer.
For further information or to arrange your viewing, please contact: GREEN KEY ESTATE AGENTS – LINCOLN 3 High Street, Lincoln, LN5 8BQ Telephone: Website: Green Key Estate Agents – Your Property, Our Priority.
Important Information: All measurements are approximate and based on the supplied floor plan.
Prospective purchasers should satisfy themselves regarding the propertys condition, any required refurbishment works, legal matters, planning requirements and suitability for their intended use.
No guarantee is given regarding future rental income, resale value or investment returns.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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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 Norris Street, Lincoln, Lincolnshire, LN5
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