2-bedroom semi-detached house · LN1 3XH
Sold STCListed 181 days
Opportunity summary
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About
DESCRIPTION A modern Two Bedroom Semi Detached property, offered for sale with the added benefit of No Onward Chain.
The property requires slight updating and offers internal accommodation comprising an Entrance Porch, Lounge, Dining Room and Extended Kitchen with Two Bedrooms and a Bathroom to the First Floor.
Outside there are gardens to the front and rear along with a driveway to the side providing off-street parking.
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.
PORCH LOUNGE 11' 5" x 13' 9" (3.48m x 4.21m) Window to the front, archway leading into the dining room, radiator and stairs up to the first floor.
DINING ROOM 13' 9" x 8' 7" (4.21m x 2.64m) Window to the side aspect, radiator, under stairs storage cupboard, doors leading to the kitchen and the lounge.
KITCHEN 10' 2" x 9' 6" (3.12m x 2.91m) With uPVC windows and doors overlooking the rear garden, fitted with a range of modern wall and base units and drawers with work surfaces over, incorporating a stainless steel sink and drainer with mixer tap, integrated oven and grill, hob with extractor above, complementary splashbacks, spaces for a washing machine and fridge freezer.
LANDING BEDROOM 1 9' 4" x 13' 5" (2.86m x 4.11m) With uPVC window to the front, radiator and an over stairs cupboard.
BEDROOM 2 10' 8" x 7' 10" (3.26m x 2.41m) Radiator and uPVC window to the rear aspect with views over the Garden.
BATHROOM 5' 1" x 5' 11" (1.56m x 1.81m) Suite comprising of bath with shower over, WC and wash hand basin, partly tiled walls, radiator and uPVC window to the rear elevation.
OUTSIDE To the front of the property, there is a lawned garden, driveway providing off-street parking to the side/rear of the property and to the rear there is a further lawned garden and shed.
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.
Area
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FAQ
About Falklands Close, Lincoln
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