Currenlty listing 1,357 upcoming property auctions in the UK
Large Detached Property Currently Arranged as Three Flats
Address
See address
Auction date
12 Nov 2025
Guide price
£500,000
Type
House
Tenure
Freehold
EPC Rating
Unknown
Status
Ended
Description
We are pleased to present this spacious detached property located in a prime residential area, currently set up as three well-appointed flats. The property requires complete refurbishment, making it an exciting opportunity for developers or investors.
- Potential to convert into five separate flats or a large family home
- Off-road parking for several vehicles, a garage, and a substantial rear garden
- Sold with full vacant possession
Last update: 11 Oct 2025
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This investment opportunity consists of two adjoining Victorian terraced houses converted into licensed 7-bedroom HMOs, yielding a total income of £61,908 per annum. Recently upgraded, 155 Monks Road has been redecorated, while 157 has been fully refurbished. With shared bathrooms, there's potential for adding ensuites in most bedrooms to boost rental income. The properties, featuring solid brick construction and a pitched roof, offer parking and are conveniently located near Lincoln University and the town center. Current income is £5,169 per month with a suggested potential full rental of £85,000 per annum when fully let. Both properties comply with legal standards and historical planning for conversion exists.
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£600,000
This property presents an excellent investment opportunity, featuring spacious five double bedrooms along with four bathrooms. It boasts a generous wrap-around garden and off-street parking. The ground floor comprises a kitchen, reception room, bedroom, two shower rooms, WC, and a garage. The first floor accommodates four bedrooms, a bathroom, and an en-suite shower room.
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This is a substantial and grand detached property that boasts stunning panoramic sea views overlooking Bull Bay. The property offers substantial scope for modernisation and enhancements, providing an excellent opportunity for buyers to put their own mark on it. The auction conditions state that the seller may consider pre-auction offers, ensuring a strategic buying opportunity for potential purchasers.
Auction Date
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Guide Price
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