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See how verdicts work2-bedroom terraced house · LN5 7UP
Sold STCListed 276 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FANTASTIC FIRST TIME PURCHASE/INVESTMENT OPPORTUNITY - WITH NO ONWARD CHAIN Positioned within a well-established residential area close to Lincoln city centre, this two-bedroom mid-terrace home presents an excellent opportunity for first-time buyers, downsizers, or investors.
Offering well-proportioned accommodation, character features, and a low-maintenance rear garden, the property combines practicality with strong long-term appeal.
With on-street parking to the front and easy access to local amenities, transport links, and employment hubs, this home is perfectly suited to those seeking convenient city living.
What Kinetic Estate Agents Love About This Property Nina Sharpe (Sales Director): “The original fireplaces give this home real character, which is increasingly rare at this price point.” Matt Wilson (Auction & Sales Consultant): “It’s a great layout for first-time buyers — two proper reception rooms and good-sized bedrooms.” Charley Moreton (Sales Executive): “The location is ideal for access into the city and for investors looking for strong rental demand.” Step Inside The property is accessed directly into the front reception room, creating a welcoming first impression.
The lounge (3.30m x 3.20m / 10’10” x 10’6”) features laminate flooring, a wall-mounted radiator, a front-facing window, and a character fireplace with inset fire, forming a comfortable and inviting living space.
From here, a door leads through into the internal hallway, where stairs rise to the first floor and access is provided into the dining room.
The dining room (3.30m x 3.20m / 10’10” x 10’6”) enjoys a pleasant rear aspect and benefits from laminate flooring, a second feature fireplace, a wall-mounted radiator, and a useful under-stairs storage cupboard.
This versatile space works well as a formal dining area, home office, or second sitting room.
Leading from the dining room is the kitchen (2.95m x 1.55m / 9’8” x 5’1”) , which is fitted with a range of wall and base units with work surfaces over.
The kitchen includes a stainless steel sink, electric oven, gas hob with extractor, tiled splashbacks, and space for a washing machine and fridge freezer.
A rear-facing window and external door provide direct access into the garden. To the first floor, the landing is finished with fitted carpet and provides loft access.
Bedroom one (3.30m x 3.23m / 10’10” x 10’7”) is positioned to the rear of the property and offers a comfortable double bedroom, complete with fitted carpet, wall-mounted radiator, and rear-facing window.
Bedroom two (2.79m x 2.46m / 9’2” x 8’1”) sits to the front and also benefits from fitted carpet, radiator, built-in wardrobe, and front-facing window, making it ideal as a second bedroom, guest room, or home office.
Completing the accommodation is the shower room (3.28m x 1.83m / 10’9” x 6’0”), fitted with vinyl flooring, tiled walls, a walk-in shower, WC, wash basin, and a front-facing window.
To the front, the property benefits from on-street parking directly outside.To the rear, there is a low-maintenance courtyard-style garden, providing a private outdoor space that is easy to manage.
The garden includes a useful storage shed and offers gated access back to the front of the property, ideal for bins and bicycles.
Life at Lancaster Place, Lincoln Lancaster Place is conveniently located for access to Lincoln city centre, local shops, schools, and healthcare facilities.
The area is well served by public transport and road links, making it popular with professionals, commuters, and investors alike.
The University of Lincoln, High Street, and railway station are all within easy reach, offering excellent connectivity and lifestyle convenience.
Material Information (Information provided by the seller) Part A – Key Facts Tenure: Freehold Council Tax Band: A Property Type: Mid-terrace house Bedrooms: Two Bathroom: Shower room Parking: On-street parking Garden: Enclosed rear yard Part B – Utilities & Services Electricity: Mains Water Supply: Mains Drainage: Mains Heating: Gas central heating Glazing: uPVC double glazing Broadband: Superfast broadband available Mobile Coverage: Good across major networks Part C – Other Relevant Factors EPC Rating: D Flood Risk: Low Rights & Easements: None known Covenants: Standard residential Accessibility: Two-storey property Disclaimer These particulars are intended to give a fair and accurate description of the property, but their accuracy cannot be guaranteed.
They do not form part of any offer or contract. Intending purchasers must rely upon their own inspections and enquiries. None of the services, appliances, or systems have been tested.
We recommend purchasers arrange for a qualified professional to check all services before legal commitment.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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.
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
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FAQ
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