5-bedroom detached house · LN1 1AG
Listing removedListed 165 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
LOCATION Mercer Drive is conveniently located to the West of Lincoln with access to Lincoln City Centre, the A46 bypass, local schooling and a range of nearby amenities and green spaces nearby including West Common.
ACCOMMODATION The accommodation briefly comprises of an Entrance Hallway, spacious Lounge with French doors to the Garden, Dining room, additional Family Room with French doors, modern fitted Kitchen/Diner with French doors, Utility Room, WC and rear Garage access to the Ground Floor.
To the First Floor there are Five well proportioned Bedrooms with fitted wardrobes to Four Bedrooms, En-suites to Two Bedrooms, Study / Bedroom Six and a Family Bathroom with a bath and a separate shower cubicle.
OUTSIDE To the rear of the property there is a split level garden, laid to lawn with two patio areas.
To the front of the property there is a garden area, driveway, a fitted electric vehicle charging point and double garage with electric up- and-over doors.
RENT AND DEPOSIT The asking Rent for the property is £2,195.00 per calendar month and the Tenancy Deposit is £2,530.00 (equal to 5 weeks' rent). The Holding Deposit for this property is £505.00.
ASSURED PERIODIC TENANCY The property will be let on an assured periodic tenancy (rolling monthly). The landlord is seeking a tenant for longer-term occupation.
ADDITIONAL FEES There are no application fees payable. You will be required to pay a Holding Deposit equal to one weeks rent to secure the property.
More information on charges to Tenants can be found on our website - VIEWINGS By prior appointment through Mundys.
THE RENTERS RIGHTS ACT 2025 New legislation is to be implemented in May 2026 and will affect existing and new tenancies. More information on the changes is available at:
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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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About Mercer Drive, Lincoln
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