2-bedroom semi-detached house · LN1 3EF
Listing removedListed 56 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
LOCATION Vere Street is situated within the popular Uphill area of Lincoln, conveniently positioned for access to the city centre and a range of local amenities.
The property is within easy reach of Lincoln's historic Cathedral Quarter, with the city centre offering a wide selection of shops, cafés, restaurants and leisure facilities.
The West Common is also nearby, while regular bus services provide convenient access to the city centre and surrounding areas.
Lincoln Central Railway Station is within easy reach, providing rail connections to Nottingham, Newark and other surrounding towns and cities.
ACCOMMODATION This well-proportioned Two Bedroom Home offers spacious accommodation throughout and is situated in a popular residential area of Uphill Lincoln.
The internal accommodation comprises an Entrance Hall leading to the Lounge and spacious Dining Kitchen with additional storage.
Stairs rise to the First Floor Landing providing access to Bedroom One with built-in wardrobe, Bedroom Two and the Family Bathroom with shower over the bath.
The property offers a practical layout and an early viewing is recommended to appreciate the accommodation on offer. OUTSIDE The property benefits from gardens to both the front and rear.
On-street parking is available nearby. RENT AND DEPOSIT The asking Rent for the property is £900.00 per calendar month and the Tenancy Deposit is £1,035.00 (equal to 5 weeks' rent).
The Holding Deposit for this property is £205.00. 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.
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