2-bedroom semi-detached house · LN1 3EF
Sold STCListed 266 days
Opportunity summary
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About
DESCRIPTION A Two Bedroom Semi Detached property located just off Newport at the uphill end of Lincoln, ideally positioned within close proximity to the Bailgate, Cathedral Quarter and Lincoln City Centre.
Offered for sale with no onward chain, the property provides a well balanced and practical layout, making it an excellent opportunity for first time buyers or investors alike.
The accommodation comprises of an Entrance Hallway, Lounge, Open Plan Kitchen D0iner, Two First Floor Double Bedrooms and a Family Bathroom.
Externally, the property benefits from an attractive frontage and a well arranged rear garden.
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 UPVC frosted glass front door, the entrance hallway provides stairs rising to the first floor landing, radiator and access through to the lounge.
LOUNGE 12' 11" x 12' (3.94m x 3.66m) A comfortable reception room with a UPVC double glazed window to the front aspect and radiator.
A serving hatch opening through to the kitchen diner allows additional natural light to flow through the ground floor, enhancing the sense of space and connection between rooms.
KITCHEN/DINER 8' 10" x 15' 2" (2.69m x 4.62m) Fitted with a range of wall mounted and base units with laminate worktops and a 1½ stainless steel sink with hot and cold mixer tap, a gas hob, electric oven with extractor over, integrated dishwasher, and spaces for a fridge freezer and washing machine, UPVC double glazed windows overlook the rear garden, an additional frosted UPVC window to the side aspect, UPVC door provides direct access to the garden, spotlights, laminate flooring continue throughout, a wall mounted combi boiler and useful understairs storage completing the space.
FIRST FLOOR LANDING With UPVC double glazed window to the side aspect, the landing provides access to both bedrooms, the family bathroom and loft.
BEDROOM 1 12' 11" x 11' 8" (3.94m x 3.56m) A spacious double bedroom featuring a UPVC double-glazed window allowing plenty of natural light, radiator and useful over stairs storage cupboard.
BEDROOM 2 8' 11" x 9' (2.72m x 2.74m) A second double bedroom with a UPVC double glazed window overlooking the rear garden and radiator.
BATHROOM Three piece suite comprising of a bath with mains shower over, pedestal wash basin and WC, tiled wall splashbacks, upright chrome towel radiator, extractor fan and frosted UPVC double glazed window to the rear aspect.
OUTSIDE To the front of the property there is a picket style fence with mature shrubs, gated side access leading to the rear garden.
The rear garden features decked patio areas for outdoor seating, lawned sections and established hedging, a slabbed and gravelled pathway running down the side.
Practical additions include an outside tap and external power socket, along with secure fencing for privacy.
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 Vere Street, Lincoln
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