3-bedroom terraced house · LN5 8QX
For saleListed 47 days
Opportunity summary
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About
ACCOMMODATION An attractive three bedroom, bay-fronted terrace property, ideally positioned to the south of Lincoln just off Newark Road, on Elder Street.
The property offers well presented accommodation comprising a covered entrance passage leading into the hallway, bay fronted lounge, dining room and modern fitted kitchen.
Stairs rise to the first floor landing, giving access to three bedrooms and the family bathroom, with further stairs rising to a converted loft area currently used for storage.
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.
SHARED PASSAGE INNER HALLWAY With uPVC entrance door providing access to the side passageway, stairs rising to the first floor and wooden flooring. Doors provide access to the lounge and dining room.
LOUNGE 11' 8" x 12' 0" (3.58m x 3.67m) With uPVC bay window overlooking the front aspect, radiator and fitted storage cupboards.
DINING ROOM 11' 6" x 12' 0" (3.51m x 3.67m) With wooden flooring, radiator, useful under-stair storage cupboard and uPVC window overlooking the rear garden.
There is space for a dining table and chairs, a feature log-burning stove, and a door providing access to the kitchen.
KITCHEN 21' 0" x 7' 0" (6.41m x 2.14m) Fitted with a range of modern base units incorporating cupboards and drawers, with work surfaces over and inset stainless-steel sink and drainer with mixer tap.
Matching wall-mounted cupboards provide additional storage. The kitchen has tiled flooring, uPVC windows overlooking the rear garden and a uPVC door providing access to the garden.
There is a gas-fired central heating boiler and space for a range-style cooker, fridge freezer, dishwasher and washing machine.
LANDING With doors providing access to three bedrooms and the family bathroom, together with stairs rising to the loft storage area.
BEDROOM 1 10' 11" x 7' 2" (3.35m x 2.19m) With uPVC window overlooking the front aspect and radiator.
BEDROOM 2 7' 10" x 7' 10" (2.40m x 2.41m) With uPVC window overlooking the front aspect and radiator. BEDROOM 3 7' 9" x 8' 2" (2.38m x 2.49m) With uPVC window overlooking the rear aspect and radiator.
BATHROOM 6' 9" x 7' 0" (2.06m x 2.14m) With uPVC frosted window overlooking the rear aspect, tiled flooring and partially tiled walls.
The suite comprises a panelled bath with shower over, WC and wash hand basin, together with radiator and access to the roof void.
LOFT ROOM (STORGAE) 16' 7" x 13' 0" (5.07m x 3.98m) With Velux windows, useful loft storage space and radiator.
OUTSIDE The rear garden provides a combination of seating areas, lawn, decking and gravelled sections, together with a pergola/pagoda-style garden feature.
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 Elder Street, Lincoln
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