2-bedroom flat · LN6 0TH
Listing removedReduced £5k (−6.3%) on 22 JunListed 784 days
Opportunity summary
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About
This is a well-presented first floor two bedroom retirement apartment for the over 55's, to the South of the Cathedral City of Lincoln.
Ferguson House is situated in a popular position, close to Hartsholme Country Park and within close proximity to the City Centre.
The apartment offers internal accommodation briefly comprising Communal Entrance, Inner Hallway, Kitchen, Lounge with Juliet balcony, two Bedrooms with fitted wardrobes and a four piece Shower Room.
The building also has a Communal Kitchenette and Lounge and benefits from communal parking and a garden. The property is being sold with No Onward Chain and viewing is highly recommended.
This is a well-presented first floor two bedroom retirement apartment for the over 55's, to the South of the Cathedral City of Lincoln.
Ferguson House is situated in a popular position, close to Hartsholme Country Park and within close proximity to the City Centre.
The apartment offers internal accommodation briefly comprising Communal Entrance, Inner Hallway, Kitchen, Lounge with Juliet balcony, two Bedrooms with fitted wardrobes and a four piece Shower Room.
The building also has a Communal Kitchenette and Lounge and benefits from communal parking and a garden. The property is being sold with No Onward Chain and viewing is highly recommended.
Leasehold information Lease Start Date 02/11/2003 Lease End Date 01/04/2128 Lease Term 125 years from 1 April 2003 Lease Term Remaining 103 years Annual Ground Rent - tbc Ground Rent Reviewed - tbc Annual Service Charge Amount - tbc Service Charge Reviewed - tbc All figures should be checked with the Vendor/Solicitor prior to Exchange of Contracts and completion of the sale.
Location Ferguson House is particularly well located close to Hartsholme Country Park where leisurely walks can be enjoyed.
Local amenities including schools, shops, post office and library are all close by. There is a regular bus service and good road access to the City Centre.
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 Bishop Grosseteste College.
Communal entrance With lift and stairs to First Floor. Entrance hall With storage cupboard, airing cupboard and electric heater.
Lounge 15' 10" x 11' 3" (4.83m x 3.45m) , with double glazed Juliet balcony, electric fire in a feature fireplace and two electric radiators.
Kitchen 11' 3" x 6' 4" (3.43m x 1.94m) , fitted with a range of wall and base units with work surfaces over, electric oven and hob with extractor fan, spaces for a fridge and washing machine, stainless steel sink with side drainer and mixer tap over and tiled splashbacks.
Bedroom 1 14' 8" x 9' 11" (4.49m x 3.04m) , with double glazed window, two double fitted wardrobes and electric heater.
Bedroom 2 10' 9" x 7' 2" (3.28m x 2.20m) , with double glazed window, double fitted wardrobe and electric heater.
Shower room Fitted with a four piece suite comprising of shower cubicle, wash hand basin in a vanity unit with storage beneath, close coupled WC and bidet, part-tiled walls, chrome towel radiator, wall storage cupboards and double glazed window.
Outside There is parking for vehicles and attractive well-maintained communal woodland gardens.
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.
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FAQ
About Flat 16, Ferguson House, Skellingthorpe Road, Lincoln
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