1-bedroom house · LN2 5SL
Opportunity summary
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About
No chain! A charming one-bedroom cottage in the heart of Lincoln's Cathedral Quarter, requiring full renovation throughout.
Offering fantastic potential to create a unique home, holiday let or investment, just moments from Lincoln Cathedral, Castle and Bailgate.
A rare opportunity to acquire a characterful one-bedroom mid-terrace cottage, ideally positioned within the heart of Lincoln's historic Cathedral Quarter and offered for sale with no onward chain.
Requiring a comprehensive programme of renovation and modernisation throughout, the property presents an exciting opportunity for buyers looking to restore and enhance a charming period cottage in one of the city's most desirable locations.
Situated just a stone's throw from Lincoln Cathedral, Lincoln Castle and the historic Bailgate, the property enjoys an enviable setting surrounded by independent cafés, boutique shops, restaurants and historic landmarks.
Whether you're seeking a rewarding renovation project, an investment opportunity or the potential to create a boutique holiday let (subject to any necessary consents), this property offers exceptional potential in a location where opportunities are increasingly scarce.
The accommodation comprises an Entrance Hall, Bathroom, Lounge/Diner and Kitchen to the Ground Floor, with a spacious double Bedroom to the First Floor.
Externally, the property benefits from a communal courtyard together with its own allocated brick-built outbuilding, providing valuable external storage.
Entrance hall Accessed via a UPVC entrance door with traditional quarry tiled flooring and providing access to the ground floor accommodation.
Bathroom Fitted with a three-piece suite comprising a panelled bath with electric shower over, pedestal wash hand basin and WC.
Further benefiting from an extractor fan, frosted UPVC double glazed window and a useful storage cupboard housing the hot water cylinder.
Lounge/diner 16' 8 max" x 11' 7" (5.08m x 3.53m) A cosy reception room with UPVC double glazed window to the side aspect, electric heater and useful understairs storage cupboard.
Stairs rise to the first floor bedroom, while the room provides direct access through to the kitchen. Kitchen Fitted with a range of base units incorporating work surfaces and a sink unit.
Further benefiting from a UPVC double glazed window to the front aspect and glazed internal door.
Bedroom 13' 3" x 12' 3" (4.04m x 3.73m) A spacious double bedroom with UPVC double glazed window to the front aspect and electric heater.
Outside To the front of the cottages there is a communal courtyard serving three properties, creating a practical shared outdoor space.
The cottage further benefits from its own allocated brick-built outbuilding, providing excellent external storage.
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
Agent & docs
FAQ
About 4, Wragby Road, Lincoln
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