2-bedroom flat · LN5 8JT
For saleReduced £10k (−9.1%) on 28 JulListed 198 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Here's everything you need to know.
Positioned on the south side of the City at the end of the High Street past South Park roundabout, this purpose built modern apartment block overlooks the South Common and has a wide range of local amenites and services.
The ground floor apartment is accessed form the staircase or lift and has low maintenance accommodation throughout - ideal for a first time buyer or an investor.
There is electric heating throughout and double glazing to the well presented accommodation which briefly comprises of a hallway which has the airing cupboard and telephone intercom system.
There is an open plan living space which has the main lounge area and a breakfast bar which divides the area between the loung and the kitchen.
The kitchen has a built in hob and oven, fridge and freezer and integrated washing machine to the units.
There are 2 bedrooms, the second making a suitable work from home office if needed and theres a shower room with a walk in enclosed shower cubicle, toilet and sink unit.
Accommodation Communal entrance reception which has an intercom security system allowing guests to enter at ease Staircase and lift to all floors Inner hallway - down the first flight of steps or from the lift to the lower level, this hallway leads to main accommodation of the apartment.
Hall open plan lounge / breakfast kitchen 22'0" x 10'0" - latter measurement narrowing to 9'0" into the kitchen area bedroom 1 13'0" x 7'7" bedroom 2 8'0" x 7'0" shower room 6'0" x 5'0" outside At the rear of the apartment block there is an allocated parking space for 1 vehicle, bin store and doors into the security door access into the communal reception hall.
EPC rating The EPC rating for this home is C.
Council tax The council for this property is Lincoln City Council and the band rating is A which has as expected annual charge of approx £1,507.32 leasehold title Please note that there is a leasehold title on this property.
We are currently seeking verification of the years remaining on the leasehold.
Ground rent and service charge We have been advised that the Ground Rent is £140.94 and Service Charge for this property is £1,700.00 and the Management Company is Wildheart Residential Management.
Agents note Please be advised that the property details may be subject to change and must not be relied upon as an accurate description of this home.
Although these details are thought to be materially correct, the accuracy cannot be guaranteed, and they do not form part of any contract.
All services and appliances must be considered 'untested' and a buyer should ensure their appointed solicitor collates any relevant information or service/warranty documentation.
Please note, all dimensions are approximate/maximums and should not be relied upon for the purposes of floor coverings.
Anti-money laundering regulations We are required by law to conduct Anti-Money Laundering (aml) checks on all parties involved in the sale or purchase of a property.
We take the responsibility of this seriously in line with hmrc guidance in ensuring the accuracy and continuous monitoring of these checks.
Our partner, Movebutler, will carry out the initial checks on our behalf. They will contact you once your offer has been accepted, to conclude where possible a biometric check with you electronically.
As an applicant, you will be charged a non-refundable fee of £30 (inclusive of VAT) per buyer for these checks. The fee covers data collection, manual checking, and monitoring.
You will need to pay this amount directly to Movebutler and complete all Anti-Money Laundering (aml) checks before your offer can be formally accepted.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 St Catherines Mews,Apartment 2, St. Catherines, Lincoln
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