3-bedroom house · LN5 7QE
For saleListed 126 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Foster Street, Lincoln, Lincolnshire, Ln5 7Qe Tenanted Three Bedroom Mid-Terrace Investment Opportunity Foster Street presents an excellent opportunity for investors seeking a fully let property with tenants already in situ, generating an annual rental income of £14,400 (£1,200pcm).
This well-proportioned three-bedroom mid-terrace home offers flexible accommodation arranged over two floors, with all three bedrooms being generous doubles, making it particularly attractive as a shared rental investment.
What Kinetic Estate Agents Love About This Property "Properties with tenants already in place offer investors immediate income from completion, and this one provides a strong return from day one." - Rob Webb, Director "The layout works exceptionally well for shared occupancy, with three genuine double bedrooms and well-balanced living accommodation." - Nina Sharpe, Sales and Lettings Director "The combination of spacious rooms, a central location and established tenancy makes this an appealing addition to any buy-to-let portfolio." - Louis Clayton, Sales Negotiator Step Inside The accommodation is arranged over two floors and offers surprisingly spacious living throughout.
Entering the property, you will find a comfortable lounge providing the main living area, alongside a fitted kitchen offering ample space for day-to-day use.
To the front of the ground floor is Bedroom One, a well-proportioned double room that provides flexibility for occupiers and contributes to the property's successful rental arrangement.
The first floor comprises two further double bedrooms, both generous in size and capable of accommodating a full range of bedroom furniture.
Completing the accommodation is a family bathroom serving all three bedrooms.
Externally, the property benefits from on-road parking and enjoys a convenient position close to local amenities and transport links.
The property is currently let and producing a rental income of £1,200 per calendar month (£14,400 per annum) Current Monthly Outgoings: Council Tax: £129pcm Water: £68pcm Energy: £140pcm Life in the Foster Street Area Foster Street enjoys a convenient residential setting with easy access to local shops, schools, leisure facilities and transport connections.
The property's location continues to prove popular with tenants thanks to its accessibility and proximity to everyday amenities, helping support strong ongoing rental demand.
Material Information (Provided by the Seller) Part A – Key Facts Tenure: Freehold Council Tax Band: A Property Type: Mid-Terrace House Bedrooms: 3 Bathrooms: 1 Parking: On-Road Parking Management Fee: None Part B – Utilities & Services Electricity: Mains Electricity Water: Mains Water Drainage: Mains Drainage Heating: Gas Central Glazing: Double Glazed Part C – Other Information Construction: Standard Flood Risk: None Rights & Easements: None Covenants: None Planning Permissions: None These particulars are intended to give a fair and accurate description of the property but their accuracy cannot be guaranteed and they do not form part of any contract.
All measurements, floor areas and distances are approximate and provided for guidance only.
Kinetic Estate Agents have not tested any services, systems or appliances and therefore cannot verify that they are in working order.
Prospective purchasers should rely on their own inspections, surveys and legal enquiries prior to purchase. All utility and service information is believed to be accurate at the time of publication.
Costs, suppliers and arrangements may be subject to change, and prospective purchasers are advised to make their own enquiries to verify current details.
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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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
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FAQ
About 31, Foster Street, Lincoln
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