2-bedroom bungalow · LN1 3XQ
Sold STCListed 161 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a sought after position within the ever popular Uphill area of Lincoln, just off Burton Road, this well presented Two Bedroom Semi Detached Bungalow offers comfortable and well proportioned living accommodation throughout.
The property comprises of an Entrance Hall, spacious Lounge/Diner, fitted Kitchen, Inner Hallway, Two Double Bedrooms and a Family Bathroom.
Occupying a pleasant plot, the bungalow benefits from established gardens to both the front and rear, a driveway providing off street parking and an integral single garage.
Ideally located close to a wide range of local amenities, shops and transport links, this property is sure to appeal to a variety of buyers and viewing is highly recommended to fully appreciate the accommodation and convenient setting on offer.
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 cloaks cupboard. LOUNGE/DINER 15' 3" x 10' 8" (4.66m x 3.27m) With double glazed windows to the front and side aspects and radiator.
KITCHEN 10' 8" x 7' 5" (3.26m x 2.27m) Fitted with a range wall and base units with work surfaces over, stainless steel sink with side drainer and hot and cold taps, spaces for cooker, fridge and washing machine, wall mounted gas fired central heating boiler, tiled splashbacks, radiator and double glazed window to the side aspect.
INNER HALLWAY Leading to the bedrooms and bathroom. BEDROOM 1 10' 11" x 9' 6" (3.35m x 2.90m) With double glazed window to the rear aspect and radiator.
BEDROOM 2 10' 6" x 7' 10" (3.21m x 2.39m) With double glazed window to the rear aspect and radiator.
BATHROOM Fitted with a three piece suite comprising of panelled bath, pedestal wash hand basin and close coupled WC, airing cupboard, radiator, part tiled walls and double glazed window to the rear aspect.
OUTSIDE To the front there are lawned gardens with established flowerbeds. There is a driveway providing off-street parking and access to an integral single garage.
To the rear there is an enclosed garden laid mainly to lawn with patios seating area, mature shrubs and flowerbeds.
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
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About Tobruk Close, Lincoln
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