2-bedroom bungalow · LN2 4TD
Listing removedListed 63 days
Opportunity summary
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About
A well positioned Two Bedroom Detached Bungalow, ideally situated within the popular Glebe Park area to the north of the historic Cathedral City of Lincoln.
Offering well proportioned and versatile accommodation, the property briefly comprises an Entrance Porch, welcoming Lounge, separate Dining Room, fitted Kitchen, Inner Hallway, Shower Room, Two Bedrooms and a Lean-To.
Externally, the property benefits from gardens to both the front and rear, together with a driveway providing off-road parking and a detached Garage to the side.
Offering excellent potential for a range of buyers, this well located bungalow is ideally placed for access to a wide range of local amenities, transport links and the facilities of Lincoln City Centre.
Viewing is highly recommended. No chain. A well positioned Two Bedroom Detached Bungalow, ideally situated within the popular Glebe Park area to the north of the historic Cathedral City of Lincoln.
Offering well proportioned and versatile accommodation, the property briefly comprises an Entrance Porch, welcoming Lounge, separate Dining Room, fitted Kitchen, Inner Hallway, Shower Room, Two Bedrooms and a Lean-To.
Externally, the property benefits from gardens to both the front and rear, together with a driveway providing off-road parking and a detached Garage to the side.
Offering excellent potential for a range of buyers, this well located bungalow is ideally placed for access to a wide range of local amenities, transport links and the facilities of Lincoln City Centre.
Viewing is highly recommended. 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.
Porch lounge 13' 11" x 12' 11" (4.25m x 3.95m) With double glazed bay window to the front aspect, double glazed window to the side aspect, gas fire and radiator.
Dining room 9' 8" x 8' 2" (2.95m x 2.50m) With double glazed window to the side aspect and radiator.
Kitchen 9' 8" x 8' 6" (2.95m x 2.60m) Fitted with a range of wall and base units with work surfaces over, stainless steel sink with side drainer and mixer tap over, spaces for fridge freezer, cooker and washing machine, tiled splashbacks, radiator, double glazed window to the front aspect and door to the side.
Hall With airing cupboard. Bedroom 1 12' 3" x 11' 11" (3.75m x 3.65m) With double glazed window to the rear aspect and radiator.
Bedroom 2 10' 7" x 8' 10" (3.25m x 2.70m) With radiator and French doors to the lean-to.
Shower room With walk-in shower cubicle, pedestal wash hand basin and close coupled WC, chrome towel radiator and double glazed window to the side aspect.
Lean-to With double glazed windows and sliding doors to the rear garden and ceramic tiled flooring.
Outside To the front of the property there is a lawned garden and a driveway providing off-road parking and giving access to the detached garage.
The garage has a remote controlled power roller shutter to the front aspect, power and lighting. To the rear of the property there is a paved seating area, a lawned garden and garden shed.
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
FAQ
About 5, Pennycress Close, Lincoln
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