4-bedroom terraced house · LN1 1LY
Sold STCReduced £5k (−2.1%) on 21 AugListed 239 days
Opportunity summary
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About
Substantial HMO with great potential!
Located within the prime West End student area of Lincoln, within easy walking distance of The University of Lincoln and the city centre, is this substantial four-bedroom house of multiple occupancy on West Parade.
The property is let until summer 2026, currently generating an income of £18,065.76, and offers excellent potential to reconfigure and create five bedrooms and five en-suites, which will generate significantly higher revenue.
Existing layout briefly comprises a private entrance passage, an entrance hallway, a lounge with a bay window, a separate dining room, a 15'7 kitchen, a utility, and ground floor shower room.
On the first floor are four well-proportioned bedrooms and an additional shower room. Outside, the property benefits from a generous rear garden. Call today to arrange a viewing! Council tax band: B.
Freehold. Entrance Passage Having a front entrance door, a door leading into the entrance hallway, and a door leading to the garden.
Entrance Hallway Having a radiator, ornate coving, stairs rising to the first floor, and an understairs storage cupboard.
Lounge (16' 2'' into bay x 13' 6'' (4.92m x 4.11m)) Having a large walk-in bay window to the front aspect, an attractive slate fire surround, ornate coving, and a radiator.
Dining Room (13' 6'' max x 12' 2'' (4.11m x 3.71m)) Having a radiator.
Kitchen (15' 7'' x 8' 6'' (4.75m x 2.59m)) Having a range of matching wall and base units, a stainless steel sink unit, a built-in oven, hob and cooker hood, space for a range of additional appliances, and a uPVC door leading to the garden.
Utility Area Having plumbing for a washing machine with worksurfacing over, a central heating boiler, and tiled effect vinyl flooring.
Shower Room Having a three-piece suite comprising a tiled shower cubicle with electric shower appliance, a pedestal wash hand basin, a low-level WC, tiled effect vinyl flooring, a radiator, and an extractor.
First Floor Landing Bedroom 1 (14' 1'' max x 9' 1'' max (4.29m x 2.77m)) Having a radiator. Bedroom 2 (14' 1'' max x 7' 8'' max (4.29m x 2.34m)) Having a radiator.
Bedroom 3 (12' 2'' x 8' 4'' (3.71m x 2.54m)) Having a radiator. Bedroom 4 (12' 2'' x 8' 3'' (3.71m x 2.51m)) Having a radiator.
Shower Room Having a 3-piece suite comprising a shower cubicle with aquaboard splashbacks and mains-fed shower, a pedestal hand wash basin, a low-level WC, tiled vinyl flooring, a heated towel rail, LED downlights, and an extractor.
Outside Rear To the rear of the property is an enclosed and generous sized garden.
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
Agent & docs
FAQ
About 210, West Parade, Lincoln
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