1-bedroom flat · LN5 7WA
Sold STCListed 208 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description A refurbished one bedroom apartment in a prime City centre location.
The property is offered with vacant possession so will suit a buy to let investor for the private rental market or Airbnb or could also suit an owner occupier.
Accommodation Communal Entrance Enter via Alarm fob into the communal entrance hall and follow the signs to Apartment 5.
Entrance Hall With intercom system, electric heater, door to Bedroom Double glazed casement window to front elevation, electric heater Bathroom Three-piece suite comprising panelled bath with shower over, mid flush WC, pedestal wash basin, heated towel rail, part tiled walls, wall mounted fan heater, extractor.
Living/Kitchen Double glazed window and door leading to balcony, electric storage heater, fitted wall and base units with stainless steel single drainer sink, space and plumbing for washing machine, built-in oven, four ring electric hob with extractor over, part tiled walls, built in storage housing hot water tank.
Services We understand the property offers mains water, electric and main sewer connections.
Other Tenure & Possession The property is sold subject to 999 year lease from 1st December 1999 with vacant possession upon completion. Service Charge There is a servie charge of £226.24 pcm.
Viewing Strictly by appointment with the Auctioneers. Tel: Completion Date This lot will be sold with a 10% deposit and up to 4 weeks for completion.
Auction Bidder Identity Check Prior to bidding on any auction lots we are required to verify the identity of the bidder to comply with The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulation 2017.
We also need to complete the remote bidding registration process as this will be a live stream event only.
Please contact us on or Solicitors Anna Fussey Adie Pepperdine 3 The Landings Burton Waters Lincoln LN1 2TU anna. Agent James Mulhall
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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
Agent & docs
FAQ
About 5 Grantavon House, Brayford Wharf East, Lincoln, Lincolnshire, LN5 7WA
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