3-bedroom house · LN5 7XB
For saleReduced £10k (−5%) on 21 JunListed 222 days
Opportunity summary
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About
Well presented HMO three bedroom Mid-Terrace House located in the sought after area of Sincil Bank. The property is fully let for the academic year of 25/26 and 26/27 grossing £21,000 per annum.
The property has recently been renovated and benefits from Gas Central Heating, uPVC Double Glazing and being sold with no onward chain.
Perfectly positioned within walking distance of the University, City Centre and a host of amenities including shops, doctors and Hospital.
The accommodation comprises Entrance Hall, Lounge Diner, Kitchen, Bathroom and Bedroom to the ground floor. To the first floor there are a further Two Bedrooms and Shower Room.
Externally the property offers a enclosed rear courtyard garden. EPC rating: D. Entrance Hall With stairs to the first floor.
Bedroom One (11'2" x 11'2" (3.4m x 3.4m)) With a window to the front aspect and radiator.
Living Room (12'6" x 11'2" (3.81m x 3.4m)) With a window to the rear aspect, decorative fireplace and radiator. Kitchen (11'6" x 6'7" (3.51m x 2.01m)) With a window to the side aspect.
Fitted with a range of wall and base units with worktops over, sink with drainer unit, oven and hob with extractor over, fitted washing machine, tumble dryer, fridge freezer and door leading to the rear garden.
Lobby With a window to the side aspect. Fitted with a range of base units with worktops over.
Bathroom With a window to the side aspect, low level wc, wash hand basin panelled bath with shower over and radiator. Landing With stairs to the ground floor.
Bedroom Two (10'0" x 10'0" (3.05m x 3.05m)) With a window to the front aspect, access to storage cupboard and radiator.
Bedroom Three (13'5" x 7'2" (4.09m x 2.18m)) With two windows to rear aspect and radiator. Shower Room Fitted with corner shower unit, low level WC, wash hand basin, radiator and extractor.
Outside To the front of the property is the entrance door accessed by a shared passageway. To the rear of the property is an enclosed low maintenance garden.
Agents Note These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither Newton Fallowell nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
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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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.
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FAQ
About 17, Hood Street, Lincoln
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