Severn Street, Lincoln, Lincolnshire, LN1
YO

Severn Street, Lincoln, Lincolnshire, LN1

By Your Move

£ 200,000

Reviews

2 out of 5 stars

Your Move says ..

***ATTENTION INVESTORS*** A FOUR bedroom HMO offering investors the opportunity to achieve a gross yield of over 10%. Currently vacant but offering a fantastic opportunity for buyers who are looking to add to/start their portfolio. City of Lincoln Council-Band A.

Property Oracle says ..

This four-bedroom terraced house in Lincoln’s Carholme area presents a mixed bag for prospective buyers. The property’s primary advantage lies in its location. Lincoln is a desirable city with a rich history, good transport links (via East Midlands Railway, although distance isn’t an issue given the location), and a range of amenities. Proximity to well-regarded schools is particularly noteworthy for families. The house itself is of a suitable size with four bedrooms and a bathroom. Images reveal a property in fair condition. The kitchen and bathroom appear functional but dated; a renovation could significantly improve the property’s aesthetic appeal and market value. The small rear garden offers some outdoor space, though it is not extensive. The listed price of £200,000 aligns with the general pricing trend in the area. Comparable properties cited in the data show variation but don’t provide specific enough details (missing sqft for most) for precise price-per-square-foot benchmarking. However, the house’s potential as an HMO needs to be factored into the valuation, as its suitability for this purpose influences its marketability to investors. Overall, this property could appeal to investors seeking a rental opportunity or families looking for a home in a good location, while being mindful that some renovations are likely needed.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
3
Bedrooms
4
Bathrooms
1
Sqft (est)
846.04

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
309,000.00 £
Increased by 24.83 %
from 247,532.00 £
Est sale value
337,569.96 £
Increased by 112.23 %
from 159,055.52 £
Average area rental value
761.00 £/mo
Increased by 25.79 %
from 605.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
2.96 %
Increased by 1.02 %
from 2.93 %
Crime Rate
10.00 %
Unchanged by 0.00 %
from 10.00 %

Agent Activity

  • Your Move created the listing.

Nearby Schools

NameTypeOfstedDistance
The St Faith'S Church Of England Infant And Nursery School, LincolnVoluntary Controlled SchoolGood0.29 KM
Carholme Children'S CentreChildren's Centre Linked Site0.41 KM
The St Faith And St Martin Church Of England Junior School, LincolnVoluntary Controlled SchoolGood0.92 KM
University Of LincolnHigher Education InstitutionsGood1.19 KM
Lincolnshire Secure UnitSecure Units1.32 KM

Images

Kitchen Living Room Outside Outside Shower Room Bedroom 1 Bedroom 2 Bedroom 3 Bedroom 4 Living Room Kitchen Outside

Nearby Streets

NameAverage PriceAverage SqftDistance
Meadowsweet Close £ 000.00 KM
Saltergate £ 000.00 KM
Poplar Avenue £ 000.00 KM
Hampton Court £ 000.00 KM
Saltergate £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Lincoln6340LCN2.09 KM
Hykeham6310HKM6.33 KM

Nearby Listings

AddressPriceTypeScoreDistance
Severn Street, Lincoln, Lincolnshire, LN1 £ 200,000BUY5 / 100.00 KM
Severn Street, Lincoln £ 230,000BUY7 / 100.04 KM
Severn Street, Lincoln, Lincolnshire, LN1 £ 175,000BUY6 / 100.04 KM
Severn Street, Lincoln, LN1 £ 200,000BUY7 / 100.05 KM
148 Carholme Road, Lincoln, LN1 1SH £ 265,000BUY7 / 100.05 KM

Nearby Properties

AddressPriceDistance
132 Carholme Road £ 175,0000.03 KM
134 Carholme Road £ 167,0000.03 KM
140 Carholme Road £ 155,0000.03 KM
138 Carholme Road £ 200,0000.03 KM
144 Carholme Road £ 175,0000.04 KM