3-bedroom house · LN5 7UE
For saleReduced £15k (−9.1%) on 16 OctListed 80 days
Opportunity summary
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About
Three/Four Bedroom End-Terrace House with HMO Licence – No Onward Chain An excellent opportunity to acquire this well-presented three/four double bedroom end-terrace property, ideally situated on the popular St Andrews Street, Lincoln, LN5.
Benefiting from a current HMO licence, this versatile property is perfectly suited to investors seeking a ready-to-let investment or buyers looking for a spacious home in a convenient city location.
The well-proportioned accommodation briefly comprises an entrance hall, a comfortable lounge, a spacious kitchen/breakfast room, a separate dining room which could alternatively be used as a fourth double bedroom, and a convenient downstairs WC.
To the first floor are three generous double bedrooms and a family bathroom.
Externally, the property benefits from an enclosed courtyard garden, providing a low-maintenance outdoor space, while permit street parking is available to the front.
Ideally positioned within easy reach of Lincoln city centre, the University of Lincoln and a wide range of local shops, supermarkets, restaurants, and transport links, the property enjoys a highly desirable location for both owner-occupiers and tenants alike.
Offered to the market with no onward chain, this is a fantastic opportunity to purchase a versatile property with strong investment potential in a sought-after area.
Key Features • Three/Four double bedroom end-terrace house • Current HMO licence • Lounge • Spacious kitchen/breakfast room • Dining room/fourth bedroom • Downstairs WC • Three first-floor double bedrooms • Family bathroom • Enclosed courtyard garden • Permit street parking • Close to local amenities, the city centre and the University of Lincoln • No onward chain Hall (2.00m x 0.85m (6'7" x 2'9")) With laminate flooring, ceiling light fitting and stairs to first floor Dining Room/Bedroom Four (3.47m x 5.84m (11'5" x 19'2")) With carpet flooring, radiator, two ceiling light fittings and UPVC double glazed window to front Lounge (3.49m x 3.33m (11'5" x 10'11")) With carpet flooring, radiator, ceiling light fitting and double glaze uvpc window two front Kitchen/Breakfast Room (3.64m x 6.65m (11'11" x 21'10")) With laminate flooring and a range of fitted wall and floor kitchen units with work surface over.
Electric hob, electric oven and extractor hood above, space for washing machine and fridge/freezer and wall mounted gas Combi boiler.
Door leading to rear courtyard garden and two uvpc double glazed windows to rear and inside of the property and two ceiling light fittings Wc (3.64m x 0.85m (11'11" x 2'9")) With laminate flooring, WC and wash hand basin with tiled splash back.
Extractor fan, ceiling light fitting and frosted double glazed uvpc window to rear Landing (1.79m x 2.54m (5'10" x 8'4")) With carpet flooring, access to loft, access to all first floor rooms and ceiling light fitting Bedroom 1 (3.48m x 5.71m (11'5" x 18'9")) With carpet flooring, ceiling light fitting, radiator and UPVC double glazed window to front Bedroom 2 (3.60m x 3.33m (11'10" x 10'11")) With carpet flooring, ceiling light fitting, UPVC double glazed window to rear, radiator and walk-in wardrobe with frosted UPVC double glazed window Bedroom 3 (2.55m x 4.28m (8'4" x 14'1")) With carpet flooring, UPVC double glazed window to front radiator and ceiling light fitting Bathroom (2.68m x 2.54m (8'10" x 8'4")) With laminate flooring and bath with mixer tap over and fixed shower screen and mains fed shower, wash hand basin with mixer tap over, WC, tiled wall to shower area, frosted UPVC double glazed window to rear, ceiling light fitting, extractor fan and radiator Courtyard Garden To the rear of the proeperty is a small courtyard garden accessed from the kitchen and with a gate leading to the road at the rear of the property.
With brick walls to the borders.
Services All mains services Gas central heating UPVC double-glazed windows throughout HMO License - Four Double Letting Rooms No Onward Chain EPC Rating D Council Tax Band A
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.
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FAQ
About 111, St. Andrews Street, Lincoln
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