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See how verdicts work2-bedroom house · LN1 3EW
Listing removedReduced £7.5k (−3.2%) on 18 AugListed 181 days
Opportunity summary
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About
Starkey&Brown are delighted to present this beautifully presented two-bedroom terraced property positioned on Hereward Street within the highly sought-after Uphill area of Lincoln.
The property combines a wealth of character and charm with tasteful modern improvements and offers convenient and stylish living arranged over multiple floors.
Accommodation briefly comprises a welcoming living room, an impressive kitchen/diner, a great space forming the heart of the home, and benefits from bi-fold doors opening onto the rear garden - creating an ideal setting for everyday living and entertaining.
The kitchen provides access to a useful utility room, adding further practicality.
A standout feature is the basement level accessed from the kitchen/diner, divided into two separate areas, currently being used for storage.
The space offers excellent potential for future conversion (subject to necessary permissions) and provides possibilities for additional living.
To the second floor, there is a generous double-bedroom with built-in storage, alongside a beautiful four-piece family bathroom suite, which features a freestanding bath and a walk-in shower cubicle.
On the top floor, there is an impressive master bedroom. Further benefits of the property include gas central heating and uPVC double-glazing throughout.
Externally, the rear garden has been recently landscaped with a decking seating area, alongside an outbuilding currently being used for storage.
The current owners have maintained the property's original charm whilst upgrading key areas, resulting in a home that perfectly balances period charm as well as modern convenience.
Positioned in the desirable Uphill area of Lincoln and is within easy access to the historic Bailgate area, Lincoln Castle, the Cathedral quarter, and excellent transport links. Council tax band: A.
Freehold.
Brand New uPVC Composite Door Leading Into: Living Room (12' 2'' x 11' 3'' (3.71m x 3.43m)) UPVC double-glazed sash window to the front aspect, newly fitted laminate flooring, a coved ceiling, original fireplace with mantlepiece, fitted shelving, and a built-in storage cupboard.
Leading to: Hall Staircase to the second floor.
Access to: Kitchen/Diner (12' 2'' x 12' 2'' (3.71m x 3.71m)) Having a range of base and wall units with countertops, an integrated electric oven with 4-ring induction hob, space for a fridge freezer, a ceramic sink with mixer tap, tiled splashback, wooden flooring, a coved ceiling, a radiator, bi-fold doors leading to the rear garden, door to the staircase which leads to the basement.
Access to: Utility Room Having a window to the side aspect, laminate flooring, space, and plumbing for utility appliances. Basement Currently being used for storage.
Potential to convert (subject to planning permissions).
Area One (12' 0'' x 12' 0'' (3.65m x 3.65m)) Area Two (12' 0'' x 10' 11'' (3.65m x 3.32m)) First Floor Landing Coved ceiling, original wood flooring with carpet runner, and a staircase to the top floor.
Access to: Bedroom 2 (12' 0'' x 11' 3'' (3.65m x 3.43m)) Having a sash uPVC double-glazed window to the front aspect, original wooden flooring, a coved ceiling, a radiator, and an over-stairs storage cupboard.
Bathroom (12' 0'' x 9' 7'' (3.65m x 2.92m)) Four-piece suite comprising a walk-in shower cubicle, a traditional low-level WC, a wash hand basin, a freestanding bath, a partially frosted window to the rear aspect, vinyl flooring, a coved ceiling, a radiator, and partially tiled walls.
Third Floor Bedroom 1 (19' 5'' x 12' 0'' (5.91m x 3.65m)) Having a uPVC double-glazed window to the front aspect and a Velux double-glazed window to the rear aspect, carpeted, and a radiator.
Outside Front Nearby to non-permitted parking. Outside Rear Decking seating area, gravelled area, a range of mature shrubs and hedges, and access to bin storage.
Outbuilding (11' 11'' x 8' 0'' (3.63m x 2.44m)) Brick built with power and electricity. Currently being used for 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.
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FAQ
About 10, Hereward Street, Lincoln
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