3-bedroom house · LN2 5AU
For saleReduced £7.5k (−5.9%) on 17 OctListed 76 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within easy walking distance of Lincoln City Centre, this Three Bedroom Terraced House offers well proportioned accommodation, making it an ideal purchase for first time buyers, families or investors.
The internal accommodation comprises an Entrance Hall, Lounge, separate Dining Room, fitted Kitchen and ground floor Bathroom. To the First Floor there are three well proportioned Bedrooms.
Outside, the property benefits from an enclosed rear garden, providing a private outdoor space, together with residents' permit parking.
Conveniently located close to a wide range of local amenities, Lincoln County Hospital, the University of Lincoln and excellent transport links, viewing is highly recommended. No chain.
Situated within easy walking distance of Lincoln City Centre, this Three Bedroom Terraced House offers well proportioned accommodation, making it an ideal purchase for first time buyers, families or investors.
The internal accommodation comprises an Entrance Hall, Lounge, separate Dining Room, fitted Kitchen and ground floor Bathroom. To the First Floor there are three well proportioned Bedrooms.
Outside, the property benefits from an enclosed rear garden, providing a private outdoor space, together with residents' permit parking.
Conveniently located close to a wide range of local amenities, Lincoln County Hospital, the University of Lincoln and excellent transport links, viewing is highly recommended. No chain.
Location The historic Cathedral and University City of Lincoln offers an excellent range of High Street shops, department stores, cafés, restaurants, banking facilities, a multiplex cinema, the Brayford Waterfront Marina and the Usher Gallery.
The iconic Steep Hill leads to the historic Uphill area and the Bailgate Quarter, renowned for its independent boutiques, cafés and restaurants, alongside the magnificent Lincoln Castle, Lincoln Cathedral and Bishop Grosseteste University.
Located to the east of the city centre, the Monks Road area is a well-established and highly convenient residential location, popular with first-time buyers, families and investors alike.
The area benefits from an excellent selection of everyday amenities including supermarkets, independent shops, cafés, schools, healthcare facilities and regular bus services.
It also offers easy access to Lincoln County Hospital, the University of Lincoln, the city centre and the Cathedral Quarter, while the nearby Lincoln Eastern Bypass and A15 provide excellent transport links for commuters.
Combining outstanding convenience with excellent connectivity, the Monks Road area continues to be a sought-after location for a wide range of buyers. Hall With staircase to the first floor.
Lounge 12' 10" x 11' 10" (3.92m x 3.63m) With double glazed window to the front aspect, laminate flooring and radiator.
Dining room 12' 9" x 10' 10" (3.89m x 3.32m) With double glazed window to the rear aspect, understairs storage cupboard, laminate flooring and radiator.
Kitchen 15' 1" x 7' 5" (4.60m x 2.27m) Fitted with a range of wall and base units with work surfaces over, stainless steel sink with side drainer and mixer tap over, electric oven and hob with extractor fan, spaces for washing machine and fridge freezer, wall mounted gas fired central heating boiler, tiled splashbacks, radiator, two double glazed windows to the side aspect and door to the garden.
Bathroom 7' 4" x 5' 11" (2.25m x 1.82m) Fitted with a three piece suite comprising of panelled bath with shower over, close coupled WC and pedestal wash hand basin, part tiled walls, chrome towel radiator and double glazed window to the rear and side aspects.
First floor landing bedroom 1 12' 10" x 12' 0" (3.92m x 3.66m) With double glazed window to the front aspect and radiator.
Bedroom 2 14' 0" x 7' 10" (4.29m x 2.41m) With double glazed window to the rear aspect and radiator. Bedroom 3 7' 11" x 7' 8" (2.42m x 2.35m) With double glazed window to the rear aspect and radiator.
Outside To the rear of the property there is an enclosed garden laid mainly to lawn with a patio seating area and mature shrubs.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
Agent & docs
FAQ
About 20, Spa Buildings, Lincoln
Explore nearby