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See how verdicts work3-bedroom house · LN3 4RP
For saleListed 202 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
60% shared ownership! Starkey&Brown is delighted to offer for sale this modern townhouse boasting three bedrooms over three floors.
Accommodation has been well-maintained throughout by the current owners and offers a unique opportunity to purchase this shared ownership home within the city centre of Lincoln.
Ground floor comprises of a welcoming entrance hall, a kitchen, a downstairs WC and a lounge diner with patio doors leading onto the garden.
First floor comprises two bedrooms and a three-piece family bathroom suite. The top floor is occupied by a master bedroom measuring 16'5" min x 9'8" and access to a generous en-suite shower room.
The home is completed with an allocated parking space and a low maintenance rear garden with patio seating area.
Leasehold property with the housing association being Ongo Homes with the monthly charge of £115.19 with remaining lease of 83 years. There is no local connection needed to buy the property.
Situated in the Monks Road area of Lincoln, with the city centre being 20 minute walk away with nearby access to Lincoln County Hospital and the northern outskirts.
The area itself has a range of local amenities which include off-licences, a Co-op food store, doctors surgery, schooling at nursery and primary levels, The Lincoln Arboretum, a regular bus service to and from Lincoln city centre.
For further details and viewing requests please contact Starkey&Brown. Council tax: B. Leasehold. Entrance Hall A composite front door entry, a radiator, and stairs rising to the first floor.
Access to downstairs WC, kitchen, and lounge/dining room.
Downstairs WC (3' 2'' x 5' 10'' (0.96m x 1.78m)) Having a low-level WC, a wash hand basin unit, a radiator, and a uPVC double-glazed obscured window to the front aspect.
Kitchen (11' 10'' x 5' 3'' (3.60m x 1.60m)) Having a range of base and eye level units with counter worktops, an integrated oven, a 4-ring hob with extractor hood over, an integrated fridge freezer, space and plumbing for a washing machine.
Lounge/Diner (13' 0'' x 15' 0'' (3.96m x 4.57m)) Patio doors to the rear aspect leading onto the rear garden, a uPVC double-glazed window to the rear aspect, an understairs storage cupboard, wood-effect laminate flooring, and two radiators.
First Floor Landing A radiator, access to two bedrooms, and a bathroom. Bedroom 2 (10' 0'' x 13' 0'' (3.05m x 3.96m)) Having a uPVC double-glazed window to the front aspect and a radiator.
Bedroom 3 (9' 10'' max x 12' 11'' (2.99m x 3.93m)) Having two uPVC double-glazed windows to the front aspect and a radiator.
Bathroom Panelled bath with half tiled surround, a low-level WC, a pedestal hand wash basin unit, an extractor unit, and a chrome towel rail.
Second Floor Landing Access to the master bedroom and a radiator.
Master Bedroom (16' 5'' plus window x 9' 8'' (5.00m x 2.94m)) Having a uPVC double-glazed window to the rear aspect, a radiator, and loft access - insulated, minimal boarding, and no ladder.
En-Suite (12' 0'' x 6' 6'' min (3.65m x 1.98m)) Three-piece suite comprising a shower cubicle, a pedestal hand wash basin unit, a low-level WC, a chrome heated hand towel rail, a radiator, and a uPVC double-glazed window to the front aspect, vinyl flooring, and an airing cupboard housing the hot water cylinder.
Outside Rear Enclosed garden with fenced perimeters, artificial lawn with patio seating area. A gravelled pathway, a shed, and a cold water tap. Agents Note There is a monthly rent of £115.19.
Rent £96.60, buildings insurance £7.96, estate maintenance £8.94, management and supervision £1.69.
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
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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 163, Allenby Close, Lincoln
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