3-bedroom detached house · LN5 9RL
Sold STCListed 257 days
Opportunity summary
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About
Two Adjoining Cottages for Complete Renovation or Demolition, ready for possible Building Plot (Subject to Planning).
These attached homes have panoramic views over Lincoln and surrounding countryside.
Waddington is located approximately four miles South of Lincoln, it has many local shops and services close to the heart of the village.
There's a Primary School, Local Shops and Takeaway Restaurants and Public Houses all within easy reach.
Millhouse - Kitchen - 2.54m x 3.18m (8'4 x 10'5) - Approached from the back of the property, through a half double glazed entrance door. Window to rear. Single drainer sink unit.
Door to Dining Room and door to:- Living Room - 3.35m x 3.66m (10'11" x 12'0") - Window to front. Open fire. Dining Room - 2.54m x 4.01m (8'4 x 13'2) - Open fire. Window to rear.
Half double glazed door to rear. Latched door to Pantry and door to Office. Pantry - 2.39m x 3.02m (7'10 x 9'11) - Window to side. Office - 3.38m min x 3.66m (11'1 min x 12'0) - Window to front.
Open fire. Galleried Landing/Occasional Bedroom - 2.54m x 4.01m (8'4 x 13'2) - Open fire. Window to rear. Bedroom One - 3.40m x 3.63m (11'2 x 11'11) - Window to front.
Walk-Through Bedroom/Study - 2.54m x 3.99m (8'4 x 13'1) - Window to rear. Latched door to:- Bedroom Two - 3.63m x 3.40m (11'11 x 11'2) - Window to front.
Mill Cottage - Covered Walkway - Approached via half double glazed entrance door from the front with matching side screen. Latched door to Living Room. Back door open to:- Rear Storm Porch.
Outside Bathroom - 3.25m x 1.32m (10'8 x 4'4) - Serving both cottages. Bath. Pedestal wash basin. Window to side. Living Room - 3.91m x 3.05m min (12'10 x 10 min) - Window to front.
Door to staircase with cupboard under. Door to:- Store Room - Galleried Landing/Occasional Bedroom - 3.89m x 2.97m (12'9 x 9'9) - Window to rear.
Latched door to:- Bedroom - 3.91m x 2.97m (12'10 x 9'9) - Fire grate. Window to front. Outside Both Cottages - There is a good sized rear garden, mostly lawned and having panoramic views.
House 8'6 x 6'6 with Belfast sink. Outside W.C. Pig-sty.
Additional Information - Tenure: Freehold EPC Rating: G Council Tax - Band C - North Kesteven for Millhouse - Mill Cottage is exempt due to being derelict Services: Mains water and Electric.
Heating via open fires.
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 Hill Top, Waddington
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