2-bedroom house · LN5 8NR
Sold STCListed 70 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroomed town house, offered for sale with no upward chain. Includes gas heating via combination boiler and UPVC double glazing.
Storm canopy to the front and ground floor cloakroom with WC and basin. Fitted kitchen to the front, which also includes built in electric oven and hob.
Lounge to the rear and patio doors leading through to the conservatory. To the first floor are the two bedrooms and bathroom with 3-piece suite.
Outside, there is A brick store and small forecourt with access to the meters. There is A garden to the rear and, the title plan, shows parking to the right.
Rental income likely to be in the region of £750PCM (6.9% gross return). Excellent location on the outskirts of this sought after university city.
Viewing: And further information through our Mansfield office on .
Alternatively, email Accommodation Comprises Kitchen (2.74m x 2.64m (9' x 8'8)) Having base and eye level units, contrasting work surfaces and stainless-steel sink unit and single drainer.
Integrated electric oven, hob and cooker hood. Wall mounted combination boiler. UPVC front door and double glazed window. Stairs leading to the first floor. Cloakroom With WC and wash basin.
Obscure glaze window. Lounge (4.60m x 3.66m (15'1 x 12')) Under stair cupboard. Two radiators. Patio doors leading through to the conservatory.
Conservatory (2.90m x 2.21m (9'6 x 7'3)) UPVC conservatory, with doors leading out to the rear.
First Floor Landing Bedroom One (3.66m x 2.82m (12' x 9'3)) Radiator and two UPVC double glazed windows to the rear. Loft access.
Bedroom Two (3.66m x 2.46m (12' x 8'1)) Radiator and two UPVC double glazed windows to the rear. Loft access. Bathroom Three-piece suite comprising panelled bath, wash hand basin and WC. Radiator.
Outside There is a storm canopy, protecting the front door and a brick store. There is a grassed garden to the rear. The property is in council tax band A ().
Financial Advice We offer help and advice in arranging your mortgage. Please contact this office. Written quotations available on request.
Your home is at risk if you do not keep repayments on A mortgage or other loan secured on it.
Money Laundering Under the Protecting Against Money Laundering and the Proceeds of Crime Act 2002, we must point out that any successful purchasers who are proceeding with a purchase will be asked for identification i.e.
Passport, driving licence or recent utility bill. This evidence will be required prior to solicitors being instructed in the purchase or sale of a property.
As With All Our Properties We have not been able to check the equipment and would recommend that a prospective purchaser should arrange for a qualified person to test the appliances before entering into any commitment.
MA5899/04.06.26
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
Agent & docs
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FAQ
About 33, Fairfax Street, Lincoln
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