2-bedroom house · LN6 9ZP
Listing removedListed 72 days
Opportunity summary
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About
Well-Presented Two-Bedroom Semi-Detached Home | 75% Affordable Purchase Scheme | Ideal First-Time Buy A fantastic opportunity for first-time buyers to acquire this modern two-bedroom semi-detached home , situated within the popular residential area of North Hykeham.
Offering well-presented accommodation throughout, the property provides a comfortable and practical home with modern living accommodation, a fitted kitchen, two bedrooms and a contemporary bathroom Outside, the property benefits from allocated parking and a private garden , making this an excellent choice for those looking to take their first step onto the property ladder.
The property is available under an affordable purchase scheme, with the opportunity to purchase 100% ownership for 75% of the full market value , providing an attractive route into home ownership.
North Hykeham is a popular and well-connected area, offering a good range of local amenities, schools and recreational facilities, whilst providing easy access to Lincoln City Centre and excellent transport links.
Leasehold | North Kesteven District Council – Council Tax Band A | EPC Grade B EPC rating: B. Entrance Hall With stairs rising to first floor, radiator.
Downstairs WC Window to the front aspect, Low level WC, hand wash basin and radiator. Lounge (13'11" x 10'1" (4.24m x 3.07m)) Window to front aspect, under stairs storage cupboard and radiator.
Kitchen Diner Window to the rear aspect, French doors to the rear giving access to the garden, range of base and eye level wall and base units work surfaces fitted over.
Gas oven with with 4 ring gas hob, sink unit with drainer and mixer tap over, space and plumbing for washing machine, wall mounted gas boiler, radiator.
Bedroom One (13'1" x 12'5" (3.99m x 3.78m)) Two windows to front aspect, storage cupboard, loft access and radiator. Bedroom Two (9'4" x 7'1" (2.84m x 2.16m)) Window to the rear aspect, and radiator.
Bathroom (6'3" x 6'0" (1.9m x 1.83m)) Panelled bath tub with rainfall shower fitted over, low level WC, vanity wash hand basin, double glazed frosted window to rear aspect, chrome heated towel rail.
Tenure & Charges Leasehold - 992 years from 2013. Yearly service charge to Gateway property management - £158.88 Ground rent to Residental management group (on behalf of persimmon) - £150 a year.
Both usually due at the start of the year. Outside The rear garden is mainly laid to lawn with patio and is fully enclosed by fencing.
To the front of the property there are two allocated parking spaces. Agent Notes Please be aware the sellers have instructed the metal pergola and bin store are not included in the sale.
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
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FAQ
About 52, Cupola Close, North Hykeham
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