2-bedroom terraced house · LN2 5ES
Sold STCListed 207 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Fully let student investment with income secured until the end of the 2026/27 academic year.
A two bedroom mid terraced HMO property arranged to provide two lettable rooms, offering a ready-made, income-producing investment in a popular location off Monks Road.
The accommodation comprises of an entrance hallway, ground floor bedroom, lounge, kitchen, first floor landing, bathroom and two further bedrooms (one currently used as a study/dressing room).
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.
HMO INVESTMENT Fully let HMO investment Tenancy secured until end of academic year 2026/27 Fully managed Income: - 2025/26: £13,770 per annum (10.59% yield based on asking price) - 2026/27: £14,280 per annum (10.98% yield based on asking price) ENTRANCE HALL Accessed via a shared passageway with access to the ground floor bedroom and lounge.
BEDROOM 1 11' 2" x 11' 2" (3.4m x 3.4m) Ground floor double bedroom (formerly a reception room) with window and radiator.
LOUNGE 15' 1 max" x 11' 2" (4.6m x 3.4m) Reception room flowing directly into the kitchen with radiator, door providing access to the rear yard and stairs rising to the first floor.
KITCHEN Fitted with a range of wall and base units, gas hob, electric oven, stainless steel sink with mixer tap, tiled flooring, wall mounted combi boiler, tiled splashbacks and window.
FIRST FLOOR LANDING Providing access to both bedrooms, bathroom and storage cupboard. BEDROOM 2 12' 6" x 11' 6" (3.81m x 3.51m) With window, radiator and overstairs storage cupboard.
BEDROOM 3/STUDY 11' 2" x 8' 0" (3.4m x 2.44m) With window and radiator (currently utilised as a study/dressing room).
BATHROOM Fitted with a three piece suite comprising of a shower cubicle with tiled wall splashbacks, WC and wash hand basin, towel radiator and a frosted window to the front aspect.
OUTSIDE Low maintenance rear yard with useful outbuilding accessed via the lounge and shared passageway and on street permit parking available to the front.
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 advisors 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 Eastfield Street, Lincoln
Explore nearby