3-bedroom terraced house · LN1 1RP
Listing removedListed 64 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
LOCATION Westbourne Grove is situated in a highly convenient position close to Lincoln City Centre and the Brayford Waterfront.
The property is within easy walking distance of a wide range of amenities including shops, supermarkets, restaurants, cafes and leisure facilities.
The University of Lincoln and Lincoln Central Railway Station are also nearby, making the property well suited to professionals and commuters alike.
The location further benefits from excellent access to the city's road network whilst enjoying a position close to the Fossdyke Canal and waterside walks.
ACCOMMODATION The spacious and well presented accommodation briefly comprises an Entrance Hall, bay fronted Lounge, separate Dining Room, a fitted Kitchen with fridge freezer and an adjoining Utility Room with washing machine.
The Ground Floor is further complemented by a useful Shower Room. To the First Floor there are Three well proportioned Double Bedrooms, together with a further modern Shower Room.
OUTSIDE The property benefits from an enclosed Courtyard to the rear of the property. Parking is available on street by way of a residents' permit and on street parking.
RENT AND DEPOSIT The asking Rent for the property is £1,250.00 per calendar month and the Tenancy Deposit is £1,440.00 (equal to 5 weeks' rent). The Holding Deposit for this property is £285.00.
ASSURED PERIODIC TENANCY The property will be let on an assured periodic tenancy (rolling monthly). The landlord is seeking a tenant for longer-term occupation.
ADDITIONAL FEES There are no application fees payable. You will be required to pay a Holding Deposit equal to one weeks rent to secure the property.
More information on charges to Tenants can be found on our website - VIEWINGS By prior appointment through Mundys.
THE RENTERS RIGHTS ACT 2025 New legislation was implemented in May 2026 and affects existing and new tenancies. More information on the changes is available at:
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Westbourne Grove, Lincoln
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