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See how verdicts work2-bedroom flat · LN2 5RA
Listing removedReduced £30k (−16.7%) on 21 JunListed 284 days
Opportunity summary
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About
A spacious two bedroom ground floor apartment set within the characterful Alexander House, ideally positioned within close proximity to Lincoln's amenities, the historic Bailgate and well connected transport links.
Offered for sale with no onward chain, the property presents an excellent opportunity for investors or buyers looking to take their first step onto the property ladder.
The accommodation comprises of an Entrance Hallway leading through to a generous Lounge/Diner, Kitchen, two double Bedrooms and a main Bathroom.
A spacious two bedroom ground floor apartment set within the characterful Alexander House, ideally positioned within close proximity to Lincoln's amenities, the historic Bailgate and well connected transport links.
Offered for sale with no onward chain, the property presents an excellent opportunity for investors or buyers looking to take their first step onto the property ladder.
The accommodation comprises of an Entrance Hallway leading through to a generous Lounge/Diner, Kitchen, two double Bedrooms and a main Bathroom.
Location The historic Cathedral and University City of Lincoln has the usual High Street shops and department stores, plus banking and allied facilities, multiplex cinema, Marina and Art Gallery.
The famous Steep Hill leads to the Uphill area of Lincoln and the Bailgate, with its quaint boutiques and bistros, the Castle, Cathedral and renowned Lincoln Bishop University.
Entrance hall lounge/diner 16' 1 max" x 21' 1 max" (4.9m x 6.43m) A well proportioned living space, enhanced by a large bay window to the front aspect which allows ample natural light to fill the room, radiator and the room flows naturally through to the kitchen while also providing access to both bedrooms, the bathroom and entrance hallway.
Kitchen 7' 8" x 11' 2" (2.34m x 3.4m) Fitted with a range of wall and base units with laminate worktops, incorporating a stainless steel sink with drainer and hot and cold mixer tap, further features include tiled splashbacks, an electric hob with oven and extractor above, space for a washing machine, lino flooring and additional cupboard storage housing the heating system.
Bedroom 1 10' 3" x 10' 4" (3.12m x 3.15m) A spacious double bedroom benefiting from windows to both the front and side aspects, allowing plenty of natural light and a radiator.
Bedroom 2 8' 2" x 10' 1" (2.49m x 3.07m) A further double bedroom with a window to the side aspect and radiator, offering flexibility for use as a guest room, home office or second bedroom.
Bathroom Fitted with a three piece suite comprising of a shower tray with mains fed shower, wash hand basin set within a vanity unit and WC, a chrome upright radiator, lino flooring, extractor fan and spotlighting.
Outside There is an allocated parking space. The property benefits from a securely accessed communal entrance hall.
Leasehold information Length of Lease - 150 years (expires 31/12/2169) Years Remaining on Lease - 143 years Annual Service Charge Amount - £1,634.00 All figures should be checked with the Vendor/Solicitor prior to Exchange of Contracts and completion of the sale.
Communal area There is a communal garden to the rear with AstroTurf grass and a paved seating area.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Flat 5, 1, Alexander House, St. Annes Road, Lincoln
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