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 %
- Est sale value
- 337,569.96 £Increased by 112.23 %
- Average area rental value
- 761.00 £/moIncreased by 25.79 %
- Est letting value
- 0.00 £/mo
- Est rental Yield
- 2.96 %Increased by 1.02 %
- Crime Rate
- 10.00 %Unchanged by 0.00 %
Agent Activity
Your Move created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| The St Faith'S Church Of England Infant And Nursery School, Lincoln | Voluntary Controlled School | Good | 0.29 KM |
| Carholme Children'S Centre | Children's Centre Linked Site | 0.41 KM | |
| The St Faith And St Martin Church Of England Junior School, Lincoln | Voluntary Controlled School | Good | 0.92 KM |
| University Of Lincoln | Higher Education Institutions | Good | 1.19 KM |
| Lincolnshire Secure Unit | Secure Units | 1.32 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Meadowsweet Close | £ 0 | 0 | 0.00 KM |
| Saltergate | £ 0 | 0 | 0.00 KM |
| Poplar Avenue | £ 0 | 0 | 0.00 KM |
| Hampton Court | £ 0 | 0 | 0.00 KM |
| Saltergate | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Lincoln | 6340 | LCN | 2.09 KM |
| Hykeham | 6310 | HKM | 6.33 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Severn Street, Lincoln, Lincolnshire, LN1 | £ 200,000 | BUY | 5 / 10 | 0.00 KM |
| Severn Street, Lincoln | £ 230,000 | BUY | 7 / 10 | 0.04 KM |
| Severn Street, Lincoln, Lincolnshire, LN1 | £ 175,000 | BUY | 6 / 10 | 0.04 KM |
| Severn Street, Lincoln, LN1 | £ 200,000 | BUY | 7 / 10 | 0.05 KM |
| 148 Carholme Road, Lincoln, LN1 1SH | £ 265,000 | BUY | 7 / 10 | 0.05 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 132 Carholme Road | £ 175,000 | 0.03 KM |
| 134 Carholme Road | £ 167,000 | 0.03 KM |
| 140 Carholme Road | £ 155,000 | 0.03 KM |
| 138 Carholme Road | £ 200,000 | 0.03 KM |
| 144 Carholme Road | £ 175,000 | 0.04 KM |