3-bedroom terraced house · LN1 1SL
For saleListed 214 days
Opportunity summary
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About
A well-presented three bedroom bay fronted mid terraced home, ideally positioned just off Carholme Road and within easy walking distance of Lincoln Brayford Waterfront and Lincoln City Centre.
Sold with no onward chain, the property has been nicely modernised by the current owner and offers spacious, well-balanced accommodation throughout.
Currently utilised as a HMO, the property is being sold as a standard owner-occupier home, presenting an excellent opportunity for first time buyers, professionals or those seeking a centrally located home ready to move straight into.
The accommodation comprises of a bay fronted lounge, separate dining room and modern fitted kitchen with access to a rear porch and ground floor bathroom.
To the first floor there are three genuine double bedrooms. Externally, the property benefits from a low maintenance rear yard and on street permit parking to the front.
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.
ENTRANCE HALL Accessed via a UPVC double glazed door with access to both reception rooms and stairs rising to the first floor.
LOUNGE 11' 9" x 11' 6" (3.58m x 3.51m) With UPVC double glazed bay window and radiator. The space is currently utilised as a fourth bedroom.
DINING ROOM 11' 9" x 11' 6" (3.58m x 3.51m) With UPVC double glazed window to the rear aspect, under stairs storage cupboard and direct access through to the kitchen.
This space is currently utilised as a communal lounge space.
KITCHEN 10' 6" x 6' 0" (3.2m x 1.83m) Fitted with a modern range of wall and base units with work surfaces over, gas hob with extractor above, electric oven, 1 1/2 bowl sink unit with mixer tap, spaces for washing machine and fridge freezer, UPVC double glazed window to the side aspect and direct access to the rear porch.
REAR LOBBY With UPVC door providing access to the rear yard and additional storage cupboard.
BATHROOM Fitted with a three piece suite comprising bath with electric shower over, close coupled WC and wash hand basin with vanity storage, tiled splashbacks, extractor and frosted UPVC double glazed window to the side aspect.
FIRST FLOOR LANDING Providing access to all three bedrooms. BEDROOM 1 11' 9" x 8' 1" (3.58m x 2.46m) With UPVC double glazed window and radiator.
BEDROOM 2 14' 9 max" x 6' 9" (4.5m x 2.06m) With UPVC double glazed window, radiator and built-in storage cupboard.
BEDROOM 3 12' x 7' 3" (3.66m x 2.21m) With UPVC double glazed window to the rear aspect and radiator.
OUTSIDE To the rear there is a low maintenance enclosed yard, mainly laid to patio with raised beds and secure fencing. A shared passageway provides access to the front of the property.
To the front, the property is positioned behind a low brick wall with shared passage access and benefits from on street resident permit parking.
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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About Derwent Street, Lincoln
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