1-bedroom flat · LN2 4FG
To rentListed 49 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
LOCATION Friars Hall is situated to the North East of Lincoln City Centre, in a well established residential area close to Lincoln County Hospital, making it particularly convenient for hospital staff.
The property is also well positioned for access to a range of local amenities, including shops and services along Greetwell Road, with regular public transport links into the City Centre.
Road links provide easy access to the A15 and surrounding areas, with Lincoln City Centre offering a wider range of shopping, dining and leisure facilities nearby.
ACCOMMODATION The internal accommodation comprises an Entrance Porch leading to an Open Plan Living, Dining and Kitchen with freestanding fridge freezer.
Off the Landing there is a Utility Cupboard housing a washing machine and dryer.
Further access leads to the Double Bedroom with built-in wardrobes and En-suite Bathroom fitted with a bath with overhead shower.
OUTSIDE To the rear of the building there is one allocated parking space and two visitor spaces to the front.
RENT AND DEPOSIT The asking Rent for the property is £925.00 per calendar month and the Tenancy Deposit is £1,065.00 (equal to 5 weeks' rent). The Holding Deposit for this property is £210.00.
ADDITIONAL FEES There are no application fees payable. You will be required to pay a Holding Deposit equal to one weeks rent to secure the property.
More information on charges to Tenants can be found on our website - VIEWINGS By prior appointment through Mundys.
THE RENTERS RIGHTS ACT 2025 New legislation is to be implemented in May 2026 and will affect existing and new tenancies. More information on the changes is available at:
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Greetwell Close, Lincoln
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