26 Arthur Street, Lincoln LN5 7UH

Description

A wonderful opportunity to acquire this well terrace house, offered for sale in need of improvement works but offering scope to add value or generate a strong yield in this area of high rental demand. There is also scope to provide student accommodation with the University with the potential to achieve strong returns.

Accommodation

Ground Floor: Entrance Hallway, Lounge, Dining Room, Kitchen. First Floor: Bedroom 1, Bedroom 2, Family Bathroom. Outside: Rear garden.

Location

The property is well positioned on Arthur Street, Lincoln, close to the City centre and a wide range of facilities and amenities. Lincoln itself offers a wonderful range of leisure and retail facilities along with a wide number of eateries. Lincoln University is increasingly growing in demand also.

Tenure / Property Information

Investment Analysis

Same-street completed sales range from £73,000 to £110,000. An indicative base GDV of £90,000 is used, with a cautious £80,000–£110,000 scenario range. Exact positioning is uncertain because the comparable condition and subject’s required works are not supplied.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, inspecting condition and obtaining refurbishment costs. Treat as a potential value-add or rental project rather than relying on the stated student opportunity.

Works Required

Improvement works are required, but the evidence does not specify defects or scope. Obtain a survey and quotations before bidding. The description indicates potential for general value improvement or student accommodation, subject to suitability and demand.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A base GDV of £90,000 implies a 75% refinance figure of £67,500. Purchase price, works cost and total project cost cannot be reliably assessed because refurbishment requirements and finance costs are unavailable.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is provided. The description states high rental demand, but this is not a quantified rent assessment.

Flip Analysis

There may be resale margin at the guide range against the indicative GDV, but refurbishment costs, selling costs and exact condition are unknown. A reliable flip surplus cannot be calculated.

Investor Risks & Due Diligence

• Required improvement works are unspecified and uncosted.

• No reliable property-specific rental evidence is supplied.

• The student accommodation potential is an unquantified possibility, not an assured use or return.

• Buyer premium and admin charge total £3,600, with possible additional disbursements and other legal or search costs.

• Comparable sale values range materially from £73,000 to £110,000.

• Parking and heating information are not supplied.

Recommendation

Proceed only after reviewing the legal pack, inspecting condition and obtaining refurbishment costs. Treat as a potential value-add or rental project rather than relying on the stated student opportunity.

Strategy Rating

Analysis Confidence

Completed same-street sales and auction pricing are available, but condition, refurbishment costs, rent, legal-pack disbursements and selling costs are not quantified.