2-bedroom flat · LN6 0TH
Listing removedListed 525 days
Opportunity summary
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About
A modernised two bedroom first floor 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 updated internal accommodation briefly comprising of Communal Entrance, Inner Hallway, newly fitted Kitchen, Lounge with Juliet balcony, two Bedrooms and a modern Shower Room.
The building also has a Communal Kitchenette and Lounge and benefits from communal parking and a communal garden. The property is being sold with No Onward Chain and viewing is highly recommended.
A modernised two bedroom first floor 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 updated internal accommodation briefly comprising of Communal Entrance, Inner Hallway, newly fitted Kitchen, Lounge with Juliet balcony, two Bedrooms and a modern Shower Room.
The building also has a Communal Kitchenette and Lounge and benefits from communal parking and a communal garden. The property is being sold with No Onward Chain and viewing is highly recommended.
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 Bishop Grosseteste University.
Communal entrance With lift and stairs to first floor, communal lounge with kitchenette and access to the gardens. Hall With intercom system, airing cupboard, storage cupboard and electric radiator.
Lounge/diner 15' 10" x 11' 4" (4.85m x 3.47m) With double glazed Juliet balcony.
Kitchen 11' 3" x 6' 5" (3.45m x 1.97m) Fitted with a range of wall and base units with work surfaces over, stainless steel sink with side drainer and mixer tap, eye level electric oven and microwave, electric hob with extractor fan over, spaces for fridge freezer and washing machine, tiled splashbacks and double glazed window to the side aspect.
Bedroom 1 14' 0" x 9' 9" (4.29m x 2.98m) With double glazed window to the rear aspect and electric radiator.
Bedroom 2 10' 2" x 7' 8" (3.11m x 2.35m) With double glazed window to the rear aspect and electric radiator.
Shower room Fitted with a three piece suite comprising of walk-in shower cubicle, close coupled WC and wash hand basin in a vanity style unit, tiled flooring, part tiled walls and towel radiator.
Outside There is parking for vehicles and an attractive well-maintained communal woodland gardens.
Leasehold information Length of Lease - 125 years from 1st April 2003 Years Remaining on Lease - 102 years Annual Ground Rent - £150 per annum Ground Rent Reviewed - Annually in tbc Annual Service Charge Amount - £207 per calendar month 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.
Leasehold information Length of Lease - 125 years from 1st April 2003 Years Remaining on Lease - 102 years Annual Ground Rent - £150 per annum Ground Rent Reviewed - Annually in tbc Annual Service Charge Amount - £207 per calendar month 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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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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About Apartment 15, Ferguson House, Skellingthorpe Road, Lincoln
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