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Spa Building, Lincoln, LN2
For saleReduced 3 Oct 2026
£150,000Offers in region of

Spa Building, Lincoln, LN2 5AU

4bedrooms
1bathroom
Terracedtype
1,574sq ft
Freeholdtenure

Listed 1 Sept 2026 · price reduced 3 Oct 2026 · Lincoln

How the price compares

This home£150,000£95 per sq ft
Median 4 bed in LN2£300k15 homes listed · £199 per sq ft
Difference-50%below the area median

Key features

  • NO ONWARD CHAIN
  • Investment
  • Potential to covert subject to permission
  • 4 Bedrooms
  • Private Garden
  • Cellar

About this home

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 FloorUpon 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 FloorThe 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 FloorThe 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. OutsideTo 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 PotentialThis 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,

Property details

Property type
Terraced
Size
1,574 sq ft / 146 sq m
Council tax band
A
Tenure
Freehold
Parking
Permit
Garden
Private garden
Heating
Gas central
Electricity
Mains supply
Water
Mains supply

Floorplan

Floorplan

Location

Skip map

1 on this map

  • Lincoln Central Station0.4 mi
  • Hykeham Station3.7 mi

What nearby homes sold for

Median sold prices in LN2 over the last 12 months: detached £340k · semi-detached £218k · terraced £170k · flat £117k.

AddressTypeSoldPrice
16 Spa Buildings
Lincoln LN2 5AU
Terraced
Freehold
4 Aug 2026£98,000

Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in LN2

Buying costs

Monthly repayment£750£15,000 deposit · £135,000 loan
Stamp Duty£500England rates

Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.

Listed by Northwood Lincoln, Lincoln on Rightmove (original listing). First listed 1 Sept 2026; details checked 7 Nov 2026. Latest change: reduced on 03/10/2026.

Agent disclaimer

Disclaimer - Property reference P2232. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Northwood Lincoln, Lincoln. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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