2-bedroom house · LN1 1PL
For saleReduced £10k (−5.9%) on 1 OctListed 99 days
Opportunity summary
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About
A well positioned two bedroom end terrace property in the highly sought after West Parade area of Lincoln.
Ideally located within walking distance of Lincoln city centre, the University of Lincoln, Brayford Waterfront, Lincoln Central railway station, West Common, a variety of local shops, cafés and restaurants, as well as a selection of well regarded schools.
Perfectly suited for first-time buyers, professionals and investors alike. The accommodation on offer comprises Entrance Hall, Lounge, Kitchen Diner, Utility and Bathroom to the ground floor.
To the first floor there are Two Double Bedrooms. Externally to the rear of the property there is an enclosed courtyard garden with outbuilding. EPC rating: D.
Entrance Hall With entrance door and understairs cupboard. Lounge (11'5" x 10'7" (3.48m x 3.23m)) With a window to the front aspect and radiator.
Kitchen Diner (11'3" x 10'7" (3.43m x 3.23m)) With a window to the rear aspect and stairs to the first floor.
Fitted with a range of wall and base units with worktops over, sink with drainer unit, oven and hob with extractor over and radiator. Lobby With access to the bathroom.
Bathroom With a window to the side aspect, panelled bath with shower over, low level wc, wash hand basin and radiator. Landing With stairs to the ground floor.
Bedroom One (11'4" x 10'7" (3.45m x 3.23m)) With a window to the rear aspect and radiator. Bedroom Two (11'3" x 10'6" (3.43m x 3.2m)) With a window to the front aspect and radiator.
Outhouse With access from the rear garden. Outside To the front of the property is access to the shared passageway. To the rear of the property is an enclosed low maintenance garden and outhouse.
Agents Note These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither Newton Fallowell nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
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 2, Wellington Street, Lincoln
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