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See how verdicts work2-bedroom house · LN2 5LU
For saleReduced £10k (−8.3%) on 10 OctListed 101 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroom mid terrace home, offered for sale with No Onward Chain and presenting an excellent opportunity for buyers looking to modernise and add value.
Situated within a popular residential location, the property offers two spacious reception rooms, two double bedrooms and a generous family bathroom, making it an ideal purchase for first-time buyers, investors or those seeking a renovation project.
A two bedroom mid terrace home, offered for sale with No Onward Chain and presenting an excellent opportunity for buyers looking to modernise and add value.
Situated within a popular residential location, the property offers two spacious reception rooms, two double bedrooms and a generous family bathroom, making it an ideal purchase for first-time buyers, investors or those seeking a renovation project.
The accommodation comprises of an entrance hallway, lounge, dining room, fitted kitchen, first floor landing, two double bedrooms and a spacious family bathroom.
Outside, the property benefits from a low maintenance rear yard with an outbuilding providing useful external storage.
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 shared passageway, with stairs rising to the first floor landing and access to both reception rooms.
Lounge 11' 4" x 11' 2" (3.45m x 3.4m) A front facing reception room featuring a UPVC double glazed window to the front aspect, radiator and glazed internal door.
Dining room 12' 9" x 11' 0" (3.89m x 3.35m) A spacious second reception room with UPVC double glazed window to the rear aspect, radiator, laminate flooring and a useful understairs storage cupboard.
Kitchen 11' 7" x 5' 11" (3.53m x 1.8m) Fitted with a range of wall and base units with complementary laminate work surfaces incorporating tiled splashbacks and a stainless steel sink with drainer and mixer tap.
Further benefiting from an electric oven with gas hob and extractor over, wall-mounted gas combination boiler, space for fridge freezer and space/plumbing for a washing machine, UPVC double glazed window to the side aspect and a UPVC door providing access to the rear yard.
First floor landing Providing access to both double bedrooms and the family bathroom.
Bedroom 1 12' 7" x 11' 4" (3.84m x 3.45m) A rear facing double bedroom with UPVC double glazed window, radiator and built-in cupboard storage.
Bedroom 2 9' 8" x 7' 4" (2.95m x 2.24m) A further generous double bedroom positioned to the front of the property with UPVC double glazed window and radiator.
Bathroom 12' 11" x 6' 11" (3.94m x 2.11m) A spacious family bathroom fitted with a three piece suite comprising of a panelled bath with mains shower over, pedestal wash hand basin and WC.
Finished with tiled splashbacks, lino flooring, radiator and a frosted UPVC double glazed window. Outside To the front of the property there is on-street parking.
To the rear there is a low maintenance enclosed yard with a useful brick built outbuilding providing additional external storage.
The rear yard also benefits from gated access via the shared passageway.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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
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FAQ
About 48, Oakfield Street, Lincoln
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