Spa Building, Lincoln, LN2

NO ONWARD CHAIN | FOUR-BEDROOM END-TERRACE | THREE FLOORS | CATHEDRAL VIEWS | REAR GARDEN | INVESTMENT OPPORTUNITY | POTENTIAL TO CONVERT BACK TO TWO PROPERTIES (STPP)

This vacant property is situated on Spa Buildings in Lincoln, this substantial four-bedroom end-of-terrace property presents an exciting opportunity for investors, first-time buyers and those looking for a property with scope for improvement and future development.

The property is arranged over three floors and offers well-proportioned accommodation, a good-sized rear garden and attractive views towards Lincoln Cathedral from the front.

A particular feature of the property is its potential, subject to the necessary planning permissions and consents, to be converted back into two separate properties. This could provide an opportunity to increase the overall end value and potentially enhance the rental income, making this an appealing proposition for experienced investors.

Ground Floor

Upon entering, you are welcomed into a spacious lounge, with existing stairs rising to the first floor, that are currently blocked off.

In the inner hallway provides access to the 2 cellars, as well as leading through to the kitchen.

The good-sized kitchen provides ample space for a range of wall and base units and benefits from access directly into the rear garden, with stairs rising to the first floor.

The rear garden is a good size, providing excellent outdoor space and also benefiting from side access, adding further practicality to the property.

First Floor

The first floor comprises a large master bedroom positioned to the front of the property, a further bedroom to the rear and a generously sized family bathroom.

The front bedroom benefits from views towards Lincoln Cathedral.

Second Floor

The top floor is accessed via two separate staircases and provides two further large bedrooms, offering excellent flexibility for a family home or potential rental accommodation.

Outside

To the rear is a good-sized garden with side access.

To the front of the property are views towards Lincoln Cathedral, while permit parking is available to the front.

Investment Potential

This property offers an exciting opportunity for an investor looking for a project with genuine potential. Its current four-bedroom configuration provides the potential for a strong rental return, while subject to planning and all relevant consents, there may also be an opportunity to convert the property back into two separate dwellings.

Alternatively, the property would make an excellent project for a first-time buyer looking to add value, with scope to improve and modernise the accommodation to their own requirements.

Key Features:

• Four-bedroom end-of-terrace property
• Arranged over three floors
• Large master bedroom
• Two further large top-floor bedrooms
• Good-sized kitchen
• Large family bathroom
• Cellar
• Good-sized rear garden
• Side access
• Lincoln Cathedral views
• Permit parking to the front
• Potential to convert back into two properties, subject to planning
• Excellent investment/project opportunity
• Potential for attractive rental returns
• Ideal for investors or first-time buyers

Early viewing is highly recommended to appreciate the size, layout and potential this property has to offer.

EPC rating: C. Tenure: Freehold,