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See how verdicts work1-bedroom flat · LN5 7QL
For saleListed 112 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Starkey&Brown is delighted to present this one bedroom duplex apartment situated on the Old Mill development on Princess Street, just a short walk from Lincoln's city centre.
The property offers views towards Lincoln Cathedral. An ideal opportunity for first time buyers, investors or those looking to downsize, combining low maintenance living.
Accommodation briefly comprises a welcoming entrance hall, leading to a bright and spacious open plan living/kitchen area creating a sociable living space.
The kitchen enjoys delightful views towards Lincoln Cathedral providing an attractive back drop and Fossdyke canal.
A generous double bedroom benefitting from impressive views of Lincoln Cathedral, a modern shower room and a useful study area, ideal for those working from home, additional storage or a dressing area.
The property has been well maintained.
Residents also benefit from a range of practical communal facilities including a lift, secure bike storage, communal laundry room, resident parking area and intercom entry system.
Further benefits include electric storage heating and uPVC double-glazing throughout.
The Old Mill is in an excellent position on Princess Street and is within walking distance to Lincoln city centre, Lincoln University, and the Brayford Marina waterfront.
Local amenities nearby including shops, restaurants and excellent transport links. Council tax band: A. Leasehold.
Fire Door Leading Into: Entrance Hall Leading to: Open Plan Kitchen Living (25' 3'' x 9' 11'' (7.69m x 3.02m)) Kitchen Area A range of wall and base units with countertops, a stainless steel sink with mixer tap, integrated electric oven with four-ring electric hob and overhead extractor fan, space and plumbing for washing machine, tiled splash back, two-seater breakfast bar.
Open access leading to: Living Area Having a uPVC double-glazed window to the front aspect, laminate flooring, electric storage heater, and an understairs storage cupboard.
First Floor Landing Carpeted and with an electric heater.
Bedroom (12' 11'' x 9' 11'' (3.93m x 3.02m)) Having a uPVC double-glazed window to the front aspect, laminate flooring, a built-in wardrobe, and an electric storage heater.
Study Area (9' 11'' x 7' 7'' (3.02m x 2.31m)) Having carpet flooring and a built-in storage cupboard.
Shower Room Three-piece suite comprising a walk-in shower cubicle with electric showerhead, wash hand basin with under-storage, tiled splashback, vinyl flooring, and a low-level WC.
Outside Residents parking area. Agents Note The property is leasehold.
Lease 999 from 1988, ground rent/service charges: £150 monthly covering buildings insurance, lift maintenance, general cleaning, laundry room and bike storage.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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
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FAQ
About 100, The Old Mill, Lincoln
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