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See how verdicts work3-bedroom terraced house · LN5 7TQ
For saleListed 457 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description A traditional bay fronted terrace house situated close to Lincoln's City Centre which has a HMO license but is available with vacant possession so can suit either an investment buyer or private owner.
The property benefits from well presented accommodation comprising of an entrance hall, living room / double bedroom, reception room, kitchen and bathroom to the ground floor, along with two double bedrooms to the first floor.
The property has been operated as a student rental since 2015.
A certificate of lawful use application is currently pending, and the experienced landlord is confident it will be approved by September 20th, 2025, based on the property's established rental history.
Rental income was £16,830 for the 2023/24 tax year and £15,300 for 2022/23. In 2022, a wall was removed in the second bedroom to create a larger room.
However, this can easily be reinstated by the owner to restore the original layout and add an additional bedroom.
Accommodation Ground Floor Entrance Hall Entrance door accessed from shared passageway, stairs rising to first floor. Living Room / Bedroom Double glazed bay window to front, radiator.
Reception Room Double glazed window to rear, under stairs storage cupboard, radiator.
Kitchen Double glazed window and entrance door to side, stainless steel drainer sink, worktops, base and eye level storage units, integrated oven and hob with extractor over, spaces for washing machine and fridge freezer, wall mounted central heating boiler.
First Floor Landing Bedroom One (formerly two bedrooms) Two double glazed windows to front, two radiators. Bedroom Two Double glazed window to rear, radiator, storage cupboard.
Outside To the rear is an enclosed yard and store. Other COUNCIL TAX Band A MOBILE We understand from the Ofcom website there is likely mobile coverage from O2, EE, Three and Vodafone.
BROADBAND We understand from the Ofcom website that standard, superfast and ultrafast broadband is available at this property with a max download speed of 1800 Mbps and an upload speed of 220 Mbps BUYER IDENTITY CHECK Please note that prior to acceptance of any offer, Brown&Co are required to verify the identity of the buyer to comply with the requirements of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
Further, when a property is for sale by tender, an ID check must be carried out before a tender can be submitted. We are most grateful for your assistance with this.
Value & comps
No previous sales on record.
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 asking
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
Agent & docs
FAQ
About Sincil Bank, Lincoln, Lincolnshire, LN5 7TQ
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