Summary - 57 GAUNT STREET LINCOLN LN5 7PU
3 bed 1 bath Terraced
City-centre three-bed fixer with garden and clear rental potential.
Chain-free three-bedroom Victorian mid-terrace, short walk to city centre
A three-bedroom mid-Victorian terrace a short walk from Lincoln city centre, offered chain-free and with immediate exchange options. The house includes two reception rooms, a downstairs bathroom, an enclosed rear garden and on-street/permit parking — attributes that support strong rental demand in this area.
The property requires renovation throughout: cosmetic works, peeling paint, likely modernisation of services and assumed solid-wall construction with no cavity insulation. Heating is mains gas via boiler and radiators; glazing is UPVC double but install date is unknown. These factors present clear scope to add value through refurbishment or conversion to a multi-let rental.
Sold via an online auction, buyers should be aware of auction terms: a non-refundable deposit on exchange and a reservation fee will apply. The house is freehold, small in footprint and sits in an area with very high recorded crime, which will affect tenant profiling and insurance/cost considerations.
This lot suits experienced buy-to-let investors or renovators looking for a city-centre refurbishment project with short-term letting potential and a low guide price. Viewings are recommended so bidders can assess exact condition and scope before purchase; legal pack review is advised prior to bidding.
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