3-bedroom terraced house · LN6 9ZR
Listing removedListed 95 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
LOCATION Furnace Close is situated within a modern residential development in North Hykeham, just off Station Road.
The property is conveniently located close to a wide range of amenities including an Asda Superstore, Lidl, independent shops, cafés, takeaways and healthcare facilities.
North Hykeham benefits from several well-regarded primary and secondary schools, while regular bus services and Hykeham Railway Station provide convenient links to Lincoln City Centre and Newark.
The nearby A46 bypass offers excellent road connections to the A1, Newark and the wider region.
ACCOMMODATION This well presented Three Bedroom Home must be viewed to appreciate the accommodation on offer.
The internal accommodation comprises; Entrance Hall leading to a Downstairs WC, Lounge and spacious Dining Kitchen with access to the enclosed rear garden.
To the first floor are Bedroom One with an En-suite Shower Room, Bedroom Two, Bedroom Three and the Family Bathroom.
The property can also be made available on a furnished basis for an additional £100 PCM, subject to agreement at the point of offer.
OUTSIDE To the front of the property there is a driveway providing off-street parking for two vehicles.
To the rear there is an enclosed garden with a patio area and a garden shed providing useful external storage.
RENT AND DEPOSIT The asking Rent for the property is £1,100.00 per calendar month and the Tenancy Deposit is £1,265.00 (equal to 5 weeks' rent). The Holding Deposit for this property is £250.00.
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 Furnace Close, North Hykeham
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