2-bedroom house · LN2 1LR
Listing removedListed 181 days
Opportunity summary
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About
DESCRIPTION A Two Bed Mid Terrace Cottage on the famous Steep Hill, Lincoln.
Needing a full renovation, accommodation comprises of a Lounge, Kitchen, Rear Entrance, Ground Floor Bathroom, Two good sized Bedrooms, outside there is on-road parking and a shared yard.
The property sits within a conservation area.
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.
LOUNGE 9' 3" x 11' 0" (2.82m x 3.37m) Window and door to the front radiator and decrotive fire place.
KITCHEN 9' 3" x 12' 2" (2.82m x 3.73m) Window to the rear fitted with a base units with work surfaces over, sink and drainer, spaces for washing machine and cooker, radiator, doors to understairs cupboard, stairs and rear entrance.
REAR ENTRANCE Door to the rear elevation, kitchen and bathroom. BATHROOM 8' 7" x 5' 10" (2.64m x 1.78m) Window to the rear elevation, suite comprising of a bath, WC, hand wash basin and radiator.
BEDROOM 1 9' 3" x 12' 4" (2.84m x 3.76m) Window to the front elevation, decorative fire place and radiator. BEDROOM 2 10' 5" x 9' 5" (3.20m x 2.89m) Window to the rear elevation and a radiator.
OUTSIDE There is a shared yard with pedestrian access.
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 Steep Hill, Lincoln
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