4-bedroom detached house · LN3 4JG
Listing removedReduced £55k (−16.9%) on 21 JunListed 377 days
Opportunity summary
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About
For Sale By Modern Method of Auction - T & Cs Apply Development Opportunity 4-Bedroom Detached Home with Approved Planning Permission for an Extension and New Dwelling Pygott and Crone are pleased to offer this exciting development opportunity a spacious four-bedroom detached family home occupying a generous corner plot in the popular village of Cherry Willingham.
The property comes with full planning permission for the construction of a separate three-bedroom detached dwelling within the grounds, as well as approved plans for an extension to the existing house.
The current accommodation includes: Entrance Hallway, Cloakroom/WC, Lounge Diner, Family Room, and a well-appointed Fitted Kitchen.
The first floor offers four generously sized Bedrooms and a Modern Family Bathroom. Details of the approved extension plans are available in the brochure as well as the plans for the new dwelling.
Cherry Willingham is a well-served village offering a range of local amenities, including shops, takeaways, a doctor's surgery, schools, and regular public transport links to the historic Cathedral City of Lincoln.
Agent's Note: A detached double garage is currently situated on the plot; however, the existing planning permission requires its removal to facilitate the construction of the new dwelling.
Buying Conditions This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the ”Reservation Period”).
Interested parties personal data will be shared with the Auctioneer (iamsold).If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.A Buyer Information Pack is provided.
The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price.
This is considered within calculations for Stamp Duty Land may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Paym Entrance Hall 3.93m x 2.01m - 12'11” x 6'7” WC Lounge 3.3m x 4.19m - 10'10” x 13'9” Dining Room 3.01m x 2.73m - 9'11” x 8'11” Kitchen 3.55m x 3.47m - 11'8” x 11'5” Family Room 4.78m x 2.42m - 15'8” x 7'11” First Floor Landing Bedroom 1 3.4m x 4.24m - 11'2” x 13'11” Bedroom 2 3.43m x 3.72m - 11'3” x 12'2” Bedroom 3 3.58m x 3.23m - 11'9” x 10'7” Bedroom 4 3.05m x 2.52m - 10'0” x 8'3” Bathroom 2.01m x 2.87m - 6'7” x 9'5” Outside Double Garage 6.11m x 5.67m - 20'1” x 18'7”
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 2, Rudgard Avenue, Lincoln
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