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See how verdicts work2-bedroom bungalow · LN6 7PW
Sold STCListed 189 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on an impressive non estate plot of approximately 0.14 acres (STS), just south of the historic Cathedral City of Lincoln, this attractive two bedroom detached bungalow offers spacious and versatile living accommodation, along with excellent potential for further development.
The property comprises of a welcoming entrance hall, a generous and light filled lounge and a well-proportioned kitchen/dining room - ideal for both everyday living and entertaining.
There are two well-appointed bedrooms and a stylish four piece family bathroom. Externally, the bungalow occupies a substantial plot.
To the front, there is a gravelled garden with a gated driveway providing off road parking.
The extensive rear garden is a particular highlight, offering significant scope for landscaping, gardening enthusiasts or potential development as a building plot (subject to the necessary planning permissions).
This is a rare opportunity to acquire a property with such space and flexibility in a desirable location. Early viewing is highly recommended to fully appreciate all that is on offer.
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 With radiator.
LOUNGE 14' 7" x 11' 3" (4.45m x 3.44m) With three double glazed windows to the front and side aspects, gas fire set within a feature fireplace, wall lights and two radiators.
KITCHEN/DINER 20' 4 (max)" x 10' 4 (max)" (6.2m x 3.15m) Fitted with a range of wall and base units with work surfaces over, sink with side drainer and mixer tap over, eye level electric oven, 5 ring gas hob with extractor fan over, integrated fridge, space for washing machine, radiator, double glazed windows to the side and rear aspects, stable door to the rear and double glazed sliding patio doors to the garden.
BEDROOM 1 12' 0" x 11' 5" (3.66m x 3.49m) With two double glazed windows to the side aspect and radiator.
BEDROOM 2 12' 0" x 10' 11" (3.67m x 3.33m) With double glazed window to the front aspect and radiator.
BATHROOM 10' 4" x 6' 7" (3.17m x 2.03m) Fitted with a four piece suite comprising of panelled bath, shower cubicle, close coupled WC and pedestal wash hand basin, tiled flooring and walls, airing cupboard, radiator and double glazed window to the side aspect.
OUTSIDE The property occupies a plot of approximately 0.14 acres (STS). To the front is an enclosed garden with gated off street parking.
To the rear is a private enclosed garden, mainly laid to lawn with a decked seating area and mature shrubs.
Beyond this is a further section of land (details to be confirmed by title), which may offer potential for gardening or other uses or development, subject to any necessary consents.
Interested parties should make their own enquiries with the local planning authority.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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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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About Rookery Lane, Lincoln
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