38 Foster Street, Lincoln, Lincolnshire

Description

Ground Floor - Two Reception Rooms, Kitchen and Bathroom; First Floor - Three Bedrooms; GIA approximately 73 sq m (786 sq ft); Garden at the rear; Situated in a well-established and popular residential area; Virtual Tour available below; Vacant Possession.

Accommodation

Ground Floor: Two Reception Rooms, Kitchen and Bathroom. First Floor: Three Bedrooms. GIA approximately 73 sq m (786 sq ft). Garden at the rear.

Location

Situated in a well-established and popular residential area. The property is within easy reach of local shops, schools and amenities. Lincoln station is approximately 0.6 miles to the north. Excellent transport links offering convenient access to surrounding areas, including the A46 and the A1. Boultham Park is to the south.

Tenure / Property Information

Investment Analysis

Five supplied completed sales on Foster Street range from £105,000 to £145,000. The two newest sales were £140,000 and £145,000, while the three earlier sales were £105,000–£116,000. A base GDV of £125,000 is used as an indicative midpoint estimate, with a broad evidence-supported range of £105,000–£145,000. No condition details or size/condition adjustments for the comparables are available.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, legal review and a strict maximum bid based on verified works and costs. The evidence currently supports potential value against the guide, but not a reliable BTL, BRRR or flip profit case.

Works Required

No specific defects or required works are evidenced. Allow for inspection and obtain contractor pricing before bidding; no refurbishment allowance can be reliably estimated from the supplied information.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

The guide is £85,000, below the supplied completed-sale range, and 75% of the indicative £125,000 base GDV is £93,750. However, refurbishment costs, acquisition charges, finance costs and achievable rent are unknown, so cash left in and BRRR viability cannot be calculated reliably.

Buy-to-Let Analysis

BTL assessment cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Gross yield, operating costs and debt coverage cannot therefore be established.

Flip Analysis

The supplied sales provide an indicative resale range of £105,000–£145,000 and a base GDV of £125,000. A flip surplus cannot be calculated because works, buyer costs, selling costs and the eventual purchase price are not supplied or known.

Investor Risks & Due Diligence

• Unknown property condition and refurbishment requirement.

• No specific rental evidence or auctioneer rent estimate is available.

• Buyer premium, administration charge and other possible fees are unspecified.

• The comparable prices vary materially from £105,000 to £145,000, with no condition or size details supplied for comparison.

• The guide is not a confirmed purchase price and the final auction price may be higher.

Recommendation

Proceed only subject to inspection, legal review and a strict maximum bid based on verified works and costs. The evidence currently supports potential value against the guide, but not a reliable BTL, BRRR or flip profit case.

Strategy Rating

Analysis Confidence

Completed-sale evidence is available for the same street, but condition, rental evidence, EPC, charges, refurbishment costs and transaction costs are missing.