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See how verdicts work2-bedroom house · LN2 5NA
Listing removedReduced £10k (−8.3%) on 18 JulListed 240 days
Opportunity summary
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About
A two bedroom mid terraced property situated just off the ever-popular Monks Road area of Lincoln.
In need of modernisation throughout, the property offers fantastic scope for improvement and presents an excellent opportunity for investors or buyers looking to add value.
Offered for sale with no onward chain, the accommodation comprises of an entrance hallway, lounge, dining room, kitchen, conservatory/lean-to and stairs rising to the first floor landing leading two double bedrooms and a family bathroom.
Externally, the property benefits from a low-maintenance rear yard. Description A two bedroom mid terraced property situated just off the ever-popular Monks Road area of Lincoln.
In need of modernisation throughout, the property offers fantastic scope for improvement and presents an excellent opportunity for investors or buyers looking to add value.
Offered for sale with no onward chain, the accommodation comprises of an entrance hallway, lounge, dining room, kitchen, conservatory/lean-to and stairs rising to the first floor landing leading two double bedrooms and a family bathroom.
Externally, the property benefits from a low-maintenance rear yard.
Location The historic Cathedral and University City of Lincoln has the usual High Street shops and department stores, plus banking and allied facilities, multiplex cinema, Marina and Art Gallery.
The famous Steep Hill leads to the Uphill area of Lincoln and the Bailgate, with its quaint boutiques and bistros, the Castle, Cathedral and renowned Lincoln Bishop University.
Entrance hall Accessed via a shared passageway, the entrance hall provides access to both ground floor reception rooms with stairs rising to the first floor landing.
Lounge 13' 0" x 11' 5" (3.96m x 3.48m) With a large UPVC double glazed window to the front aspect, feature fireplace and radiator.
Dining room 15' 4 max" x 11' 5" (4.67m x 3.48m) A second reception room with UPVC double glazed window to the rear aspect, radiator, understairs storage cupboard, gas fire and a sliding door providing access into the kitchen.
Kitchen 9' 6" x 6' 8" (2.9m x 2.03m) Fitted with a range of wall and base units with tiled splashbacks and 11⁄2 sink with mixer tap, gas oven and hob, spaces for washing machine and fridge freezer, two UPVC double glazed windows to the side aspect and a frosted glazed door leading into the conservatory/lean-to.
Conservatory/lean to 8' 6" x 6' 8" (2.59m x 2.03m) A timber and glazed construction with windows to the side and rear aspects and a wooden glazed door leading to the rear yard.
A versatile space currently used for storage. First floor landing With access to both double bedrooms, family bathroom and loft space.
Bedroom 1 12' x 11' 5" (3.66m x 3.48m) A rear facing double bedroom with UPVC double glazed window to the rear aspect, radiator and over stairs storage cupboard.
Bedroom 2 12' 7" x 7' (3.84m x 2.13m) A front facing double bedroom with UPVC double glazed window to the front aspect and radiator.
Bathroom Fitted with a three piece suite comprising of bath with mixer taps, wash hand basin with tiled splashbacks and WC, radiator, frosted UPVC double glazed window to the front aspect and wall mounted boiler.
Outside To the front of the property there is a small entrance yard set behind a half brick wall.
To the rear there is an enclosed yard with brick built outhouse sheds, accessed via a shared passageway, with additional access into the conservatory/lean-to.
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
Agent & docs
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FAQ
About 10, Coleby Street, Lincoln
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