3-bedroom house · LN2 4RT
Listing removedReduced £10k (−5.3%) on 9 AugListed 401 days
Opportunity summary
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About
Three bedroom starter home positioned uphill within the desirable Glebe Park area just off Wolsey Way.
Comprising internally of an entrance hall, living room, kitchen diner, three bedrooms and a family bathroom. Single garage with off road parking, front and rear gardens. Sold with no onward chain.
Three bedroom starter home positioned uphill within the desirable Glebe Park area just off Wolsey Way.
Comprising internally of an entrance hall, living room, kitchen diner, three bedrooms and a family bathroom. Single garage with off road parking, front and rear gardens. Sold with no onward chain.
Agent Note - There is presently a tenant in situ on a fixed term AST paying £770pcm until 01/08/2025.
Neile Close sits to the North of Lincoln City within Glebe Park offering easy access to the A15 and Eastern Bypass.
Local amenities are in plentiful supply with various supermarkets, doctors surgery, butchers and secondary schooling all nearby.
EPC Rating - C Council Tax Band - A Tenure - Freehold Investment Opportunity This property is available for an investment with tenants in situ on a fixed term AST until August 2025 paying £770pcm.
Entrance Hall PVC entrance door, tiled flooring, light fitting and a built in storage cupboard.
Living Room (3.674 x 4.436 (12'0" x 14'6" )) PVC window to the front aspect, carpet flooring, wall mounted gas fire, pendant fitting and a radiator. Stairs rising to the first floor.
Kitchen Diner (4.400 x 3.645 (14'5" x 11'11")) Base and eye level units with laminated worksurfaces, inset stainless steel sink and drainer plus a tiled splash back.
Fitted oven, gas hob with extractor over, space and plumbing for a washing machine plus further space for a freestanding fridge freezer.
PVC window and French doors to the rear, tiled flooring, heated towel rail, two light fittings and the heat only gas boiler is housed.
Stairs / Landing Carpet flooring, pendant fitting, access to the loft and an airing cupboard housing the hot water cylinder.
Bedroom (3.353 x 3.449 (11'0" x 11'3")) PVC windows to the front aspect, carpet flooring, pendant fitting, radiator and a built in storage cupboard.
Bedroom (2.991 x 2.629 (9'9" x 8'7" )) PVC window to the rear aspect, carpet flooring, pendant fitting and a radiator.
Bedroom (2.995x 1.283 (9'9"x 4'2")) PVC windows to the rear aspect, carpet flooring, spot lit ceiling and a radiator.
Bathroom (1.70m x1.14m (5'6" x3'8")) Three piece suite comprising of a low level WC, vanity wash basin and a P shaped bath with electric shower over.
Fully tiled walls, vinyl flooring, light and extractor.
Garage (4.945 x 2.506 (16'2" x 8'2" )) Adjacent to the property is a single garage with a block paved driveway for off road parking, up and over door, separately fused for light and power.
Outside To the front is a gravelled garden, lighting and a pathway leading to the front door.
The rear offers an enclosed garden being mainly laid to lawn with a raised decked seating area, water supply and lighting. Garden shed is included within the sale. Fixtures & Fittings.
Please Note : Items described in these particulars are included in the sale, all other items are specifically excluded. We cannot verify that they are in working order, or fit for their purpose.
The buyer is advised to obtain verification from their solicitor or surveyor. Measurements shown in these particulars are approximate and as room guides only.
They must not be relied upon or taken as accurate. Purchasers must satisfy themselves in this respect.
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
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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 29, Neile Close, Lincoln
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