3-bedroom terraced house · LN2 5LR
Listing removedReduced £55 (−4.8%) on 29 AugListed 96 days · slow let
Opportunity summary
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About
Starkey&Brown are delighted to represent for let this 3 bedroom period terrace with accommodation over 3 floors.
The home is situated nearby to Lincoln County Hospital and the picturesque Lincoln Arboretum.
Upon entering through a shared passageway, there is 2 reception rooms, a traditional lounge and dining room, both with gas fireplaces.
There is access into a recently updated shaker style kitchen with a range of integrated appliances and a lean to with space for a washing machine finished with patio doors leading onto the rear garden.
Rising to the first floor is a master bedroom with built in wardrobes and window with shutters, a second bedroom and a three piece bathroom suite. Rising to the second floor is a final bedroom.
Externally the home has a landscaped courtyard arrangement with a raised seating area with feature wood panelling and access to side passage.
The local area surrounded by essential amenities which include schooling at primary level, a co-op foodstore, post office and a nearby pharmacy.
There is also quick and easy access to Lincoln County Hospital which can be reached in 10 minutes and also a 10 minute walk into Lincoln's High street and tourist attractions.
Council tax band: A, EPC Rating: D, Holding Deposit: £265, Deposit: £1326.
Lounge (10' 10'' x 10' 11'' (3.30m x 3.32m)) Having gas fireplace, uPVC double glazed window to the front aspect, single radiator and coved ceiling.
Dining Room (11' 11'' x 10' 10'' (3.63m x 3.30m)) Having a gas fireplace, uPVC double glazed window to the rear aspect, wood effect flooring, single radiator, understairs storage cupboard housing the utility meters and fuse box.
Kitchen (4' 8'' x 9' 5'' (1.42m x 2.87m)) Having a recently updated kitchen including eye and base level units with counter worktops and metro tile finish, a shaker style arrangement with integrated appliance such as oven with four ring hob and extractor hood over, fridge/freezer, sink and drainer unit and a wall mounted gas central heating boiler.
There is also a uPVC double glazed window looking into the lean to and access via a uPVC double glazed door.
Lean To (4' 5'' x 9' 4'' (1.35m x 2.84m)) Having a window to the side aspect, patio door to the rear garden, powerpoint, base level storage units with space and plumbing for washing machine.
Master Bedroom (9' 9'' x 10' 9'' (2.97m x 3.27m)) Having built in wardrobe, single radiator, uPVC double glazed window to the front aspect with shutters.
Bedroom 2 (5' 1'' x 8' 11'' (1.55m x 2.72m)) Having uPVC double glazed window to the front aspect, single radiator and sliding door entrance.
Bathroom (5' 0'' x 9' 1'' (1.52m x 2.77m)) Having panelled bath with shower over, wall mounted hand wash basin unit and low level WC, coved ceiling, extractor unit, chrome heated hand towel rail, tiled floor and surround and a uPVC double glazed obscured window to the rear aspect.
Bedroom 3 (10' 10'' x 10' 0'' (3.30m x 3.05m)) Having uPVC double glazed window to the rear aspect, single radiator, power socket and access to eaves storage.
Outside Rear Having an enclosed garden which has a courtyard arrangement which has been landscaped by the current owner, a raised seating area and side access to the shared passageway.
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
Agent & docs
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FAQ
About 15, Florence Street, Lincoln
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