3-bedroom house · LN1 1QR
For saleReduced £10k (−4.4%) on 15 OctListed 76 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No onward chain!
A well presented three bedroom period terraced home, ideally situated in the highly sought after West End of Lincoln, offering spacious and versatile accommodation suited to both family living and investment purchasers alike.
Retaining attractive period charm, the property comprises a welcoming Entrance Hall, bay fronted Lounge, separate Dining Room, fitted Kitchen and a Ground Floor Shower Room.
To the First Floor there are three well proportioned Bedrooms and a further Shower Room.
Externally, the property enjoys an attractive courtyard garden to the front and a private enclosed rear garden with both lawn and patio areas, providing an ideal space for outdoor relaxation and entertaining.
Previously operated as a licensed HMO and meeting current compliance requirements, the property offers excellent investment potential whilst equally lending itself to being a superb family home in one of Lincoln's most desirable and well-connected locations.
A well presented three bedroom period terraced home, ideally situated in the highly sought after West End of Lincoln, offering spacious and versatile accommodation suited to both family living and investment purchasers alike.
Retaining attractive period charm, the property comprises a welcoming Entrance Hall, bay fronted Lounge, separate Dining Room, fitted Kitchen and a Ground Floor Shower Room.
To the First Floor there are three well proportioned Bedrooms and a further Shower Room.
Externally, the property enjoys an attractive courtyard garden to the front and a private enclosed rear garden with both lawn and patio areas, providing an ideal space for outdoor relaxation and entertaining.
Previously operated as a licensed HMO and meeting current compliance requirements, the property offers excellent investment potential whilst equally lending itself to being a superb family home in one of Lincoln's most desirable and well-connected locations.
Early viewing is highly recommended to appreciate the space, character and flexibility this property has to offer. No chain.
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.
Entrance hall With staircase to the first floor and radiator. Lounge 11' 3" x 10' 2" (3.44m x 3.11m) With double glazed bay window to the front aspect and radiator.
Dining room 13' 5" x 12' 0" (4.11m x 3.66m) With double glazed French doors to the rear garden, under stairs storage cupboard and radiator.
Kitchen 14' 9" x 7' 8" (4.52m x 2.35m) Fitted with a range of wall and base units with work surfaces over, stainless steel sink with side drainer and mixer tap over, electric oven and hob with extractor fan, spaces for fridge freezer, washing machine and dishwasher, radiator, double glazed window to the side aspect and door to the garden.
Shower room Fitted with three piece suite comprising of shower cubicle, pedestal wash hand basin and close coupled WC, radiator and double glazed window to the side aspect.
First floor landing With radiator. Bedroom 1 13' 5" x 11' 3" (4.11m x 3.45m) With two double glazed windows to the front aspect, over stairs storage cupboard and radiator.
Bedroom 2 12' 0" x 10' 5" (3.66m x 3.20m) With double glazed window to the rear aspect and radiator. Bedroom 3 11' 1" x 7' 8" (3.38m x 2.35m) With double glazed window to the rear aspect and radiator.
Shower room Fitted with three piece suite comprising of shower cubicle, pedestal wash hand basin and close coupled WC, radiator and double glazed window to the side aspect.
Outside To the front of the property there is a small courtyard garden behind low level wall. To the rear there is an enclosed garden laid mainly to lawn with patio seating area.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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
FAQ
About 119, West Parade, Lincoln
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