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See how verdicts work2-bedroom flat · LN4 2TS
Listing removedReduced £5k (−7.1%) on 2 JulListed 446 days
Opportunity summary
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About
A well-presented Two Bedroom Second Floor Apartment situated in the Minster Court retirement complex within the popular and convenient village of Bracebridge Heath.
The internal accommodation briefly comprises of Entrance Hall, Kitchen, Lounge, two Bedrooms, Master with Walk-in Wardrobe, and a Wet Room.
The apartment is located within close proximity to a wide range of local facilities and there are also regular bus services into Lincoln and Grantham.
Minster Court has the added benefit of regular communal gatherings, the option to take lunchtime meals in a restaurant, 90 minute cleaning service and 24 hour call service in case of emergencies.
Water charge is included within the service charge, owners only have to pay for their gas and electric. Viewing is highly recommended. No chain.
A well-presented Two Bedroom Second Floor Apartment situated in the Minster Court retirement complex within the popular and convenient village of Bracebridge Heath.
The internal accommodation briefly comprises of Entrance Hall, Kitchen, Lounge, two Bedrooms, Master with Walk-in Wardrobe, and a Wet Room.
The apartment is located within close proximity to a wide range of local facilities and there are also regular bus services into Lincoln and Grantham.
Minster Court has the added benefit of regular communal gatherings, the option to take lunchtime meals in a restaurant, 90 minute cleaning service and 24 hour call service in case of emergencies.
Water charge is included within the service charge, owners only have to pay for their gas and electric. Viewing is highly recommended. No chain.
Location The village of Bracebridge Heath lies approximately two miles South of the Cathedral City of Lincoln.
Bracebridge Heath has its own shops including Tesco Express and Co-op, takeaways, hairdressers, a church, café, The Homestead, The Bull and The Blacksmiths Arms public houses, a petrol station and local primary and secondary schooling.
Bracebridge Heath is well served by the new Eastern Bypass providing easy access to the North of Lincoln and beyond and also has a direct bus route into Lincoln City Centre.
Hall With storage cupboard and radiator. Lounge 16' 4" x 14' 11" (5.00m x 4.56m) With three double glazed windows, electric fire set with in feature fireplace, wall lights and radiator.
Kitchen 10' 7" x 8' 0" (3.23m x 2.45m) Fitted with a range of wall and base units with work surfaces over, eye-level electric oven, electric hob with extractor fan over, integrated fridge freezer and washing machine, 11⁄2 bowl sink with side drainer and mixer tap over, tiled splashbacks, wall-mounted gas-fired central heating boiler, radiator and double glazed window.
Bedroom 1 12' 2" x 11' 5" (3.73m x 3.48m) With double glazed window, storage cupboard, access to walk-in wardrobe and radiator.
Walk in wardrobe 7' 1" x 4' 11" (2.18m x 1.50m) With shelving and hanging space. Bedroom 2 10' 6" x 8' 7" (3.21m x 2.63m) With double glazed window and radiator.
Wet room 8' 2" x 8' 0" (2.49m x 2.44m) Fitted with a three piece suite comprising of wet room shower, close coupled WC and pedestal wash hand basin, part-tiled walls, radiator and heated towel rail.
Outside There are well kept communal gardens and a communal car park.
Leasehold information Length of Lease - 125 years from 01 September 1998 Years Remaining on Lease - 98 years Annual Ground Rent - £ tbc Ground Rent Reviewed - Annually in tbc Annual Service Charge Amount - £ tbc Service Charge Reviewed - Annually in tbc All figures should be checked with the Vendor/Solicitor prior to Exchange of Contracts and completion of the sale.
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About 38, Minster Court, Lincoln
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