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See how verdicts work2-bedroom house · LN5 8JS
No longer listedReduced £4k (−2.5%) on 17 SepListed 85 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Starkey&Brown are delighted to offer for sale this thoughtfully upgraded two-bedroom terrace home, formerly arranged as a three-bedroom property, ideally positioned on Shakespeare Street in Lincoln.
Offered for sale with the added benefit of no onward chain, this well-presented home has been improved by the current owners and offers flexible living in a highly convenient location.
The accommodation briefly comprises a comfortable living room, followed by a separate dining room providing a useful additional reception space.
To the rear is a modern upgraded kitchen, offering a contemporary and practical space for everyday living. A downstairs bathroom adds further convenience.
To the first floor, there are two generous double bedrooms.
Bedroom two was originally arranged as two separate bedrooms and could, subject to the necessary works, be converted back to provide three-bedroom accommodation if required.
The current owners have also thoughtfully added a modern shower room to the first floor, providing excellent practicality and flexibility for the next owners.
The property has been well maintained and upgraded throughout, offering an excellent opportunity for first-time buyers, couples, small families or investors.
Further benefits include gas central heating and full uPVC double glazing throughout. One of the property’s key selling points is its superb location.
Shakespeare Street is ideally positioned close to Lincoln City Football Club and South Park, while Lincoln city centre is also within comfortable walking distance.
The surrounding area offers a wide range of local amenities including shops, supermarkets, schools, cafes, restaurants, public houses and leisure facilities.
Excellent transport links are also close by, with parking available nearby. Council tax band: A. Freehold.
UPVC Composite Door Leading To: Living Room (14' 6'' x 11' 7'' (4.42m x 3.53m)) Having a uPVC double-glazed window to the front aspect, laminate flooring, a fireplace (capped off), a staircase to the first floor, and a radiator.
Access to: Dining Room (11' 7'' x 11' 3'' (3.53m x 3.43m)) Having a uPVC double-glazed window to the rear aspect, laminate flooring, fireplace (capped off) and a radiator.
Access to: Kitchen (12' 4'' x 6' 4'' (3.76m x 1.93m)) Fitted in 2022.
Having a range of matching wall and base units with countertops, a stainless steel sink with mixer tap, 4-ring electric hob, an integrated electric oven, space and plumbing for appliances, space for a fridge-freezer, uPVC double-glazed window to the side aspect, tiled walls and splashback.
Access to: Lobby Cupboard housing boiler(fitted in 2022 with full service) and a uPVC door to the rear.
Bathroom (6' 4'' x 5' 6'' (1.93m x 1.68m)) Three-piece suite comprising panelled bath with overhead shower, low-level WC, wash hand basin, tiled walls and tiled flooring, chrome radiator towel rail and a frosted double-glazed window to the side aspect.
First Floor Landing Bedroom 1 (11' 7'' x 11' 3'' (3.53m x 3.43m)) Having a uPVC double-glazed window to the rear aspect, carpeted, and a radiator.
Bedroom 2 (Formerly Two Bedrooms) (14' 8'' x 8' 4'' (4.47m x 2.54m)) Having two double-glazed windows to the front aspect, carpeted, a coved ceiling, a radiator, and loft access.
This room can be easily converted back. Loft access with a new hatch and new ladder. Shower Room (6' 2'' x 5' 3'' (1.88m x 1.60m)) Fitted in 2023.
Three-piece suite comprising a walk-in shower cubicle, wash hand basin with under-storage, a low-level WC, mermaid splashbacks, mirror cabinet with storage, and laminate flooring.
Outside Front Brick wall, a small patio area, access to the front door, and parking available nearby.
Outside Rear Low-maintenance patio seating area, fenced surround, summer house with power and electricity, timber-built shed, planted borders, outside tap and gated access to the side of the property.
Agents Note The current owners have renovated the property, and there has been a partial re-wire, a new roof (2024), and a new boiler (2022).
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.
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FAQ
About 57, Shakespeare Street, Lincoln
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