2-bedroom terraced house · LN5 8NN
Sold STCListed 68 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
RENOVATION OPPORTUNITY A two bedroom mid terrace property offered for sale with no onward chain and requiring a programme of modernisation throughout.
Offering spacious accommodation and an excellent opportunity to create a comfortable home or investment, the property provides a blank canvas for buyers looking to refurbish and add their own style.
The accommodation comprises two reception rooms, kitchen and bathroom to the ground floor, with two spacious double bedrooms to the first floor.
Externally, the property benefits from an enclosed rear garden and on-street parking to the front.
LOCATION Situated just off the popular Newark Road, the property enjoys a convenient position within easy reach of Lincoln City Centre and a wide range of local amenities.
The nearby South Common provides an excellent open green space for walking, exercise and leisure, whilst the area benefits from fantastic transport links providing easy access around Lincoln and further afield.
The property is also ideally positioned for families, being within close proximity to the highly regarded The Priory LSST, alongside a range of other local schools and everyday amenities.
LOUNGE 11' 5" x 10' 6" (3.48m x 3.2m) Accessed directly from the front entrance door, the lounge provides a welcoming reception space with UPVC double glazed window to the front aspect and radiator.
HALL Providing access to both reception rooms, with stairs leading to the first floor landing.
DINING ROOM 11' 5" x 10' 6" (3.48m x 3.2m) A spacious second reception room with UPVC double glazed window to the rear aspect, radiator, useful understairs storage cupboard and wall-mounted gas combination boiler.
KITCHEN 10' 4" x 5' 3" (3.15m x 1.6m) Fitted with a range of wall mounted and base units, together with work surfaces incorporating a stainless steel sink with hot and cold mixer taps.
Further benefiting from a gas hob, electric oven, UPVC window to the side aspect and UPVC door providing access to the rear garden.
BATHROOM Fitted with a three piece suite comprising WC, pedestal wash hand basin and bath with hot and cold taps and mains shower attachment.
Finished with tiled wall splashbacks, lino flooring and a frosted UPVC double glazed window to the side aspect.
BEDROOM 1 11' 5" x 10' 6" (3.48m x 3.2m) A spacious double bedroom with UPVC double glazed window, radiator and useful over stairs storage cupboard.
BEDROOM 2 11' 5" x 10' 7" (3.48m x 3.23m) A further spacious double bedroom with UPVC double glazed window and radiator.
OUTSIDE To the rear there is an enclosed garden, providing a good sized outdoor space with scope for landscaping and improvement. To the front, on-street parking is available.
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 Russell Street, Lincoln
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