3-bedroom terraced house · LN1 1LN
For saleListed 44 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Colenso Terrace, Lincoln, LN1 An impressive three-bedroom character home with a versatile loft conversion, currently undergoing a comprehensive refurbishment close to Lincoln city centre and the University of Lincoln.
This substantial period property is being transformed into a stylish and practical home, combining generous accommodation with carefully selected contemporary finishes.
The ground floor opens into an entrance hall leading to an attractive lounge featuring a bay window and exposed brick fireplace.
A separate dining room provides an excellent space for entertaining, while the kitchen is complemented by a useful utility room with French doors opening directly onto the rear garden.
A newly installed ground-floor shower room completes this level.
On the first floor are three bedrooms: Bedroom One positioned at the front of the property, Bedroom Two centrally located and Bedroom Three overlooking the rear.
An additional WC has also been introduced on this floor for greater convenience.
A further staircase rises to the converted loft, which benefits from Velux windows, excellent natural light and useful eaves storage.
This adaptable area could make an excellent home office, studio, hobby room or occasional guest space, subject to any necessary building regulation or planning requirements.
Positioned within Lincoln’s popular LN1 area, the property offers convenient access to the University of Lincoln, Brayford Waterfront and the city centre, together with its excellent selection of shops, restaurants, cafés, leisure facilities and transport connections.
Key Features Three-bedroom period property Versatile converted loft room Accommodation arranged over three floors Currently undergoing comprehensive refurbishment Lounge with bay window Exposed brick feature fireplace Separate dining room Kitchen and adjoining utility room French doors opening onto the rear garden Ground-floor shower room Additional first-floor WC Velux windows and eaves storage Convenient for the University of Lincoln Within easy reach of Lincoln city centre and Brayford Waterfront Early viewing highly recommended Important Marketing Image Notice Some marketing images have been digitally enhanced or virtually staged to illustrate the intended appearance of the property following completion.
The dimensions, proportions, structural layout and positions of doors and windows are representative of the existing accommodation.
Furniture, decorative accessories and certain finishes are concept imagery.
The colours and overall style have been selected to reflect the materials and finishes intended for installation; however, the completed specification may vary.
Prospective purchasers should inspect the property and confirm the final specification, measurements and regulatory status of the loft conversion with the selling agent and their appointed legal representative
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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FAQ
About 5, Colenso Terrace, Lincoln
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