2-bedroom flat · LN5 8AT
Listing removedListed 248 days
Opportunity summary
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About
Ideally positioned just off Lincoln's vibrant High Street, this modern Two Bedroom Ground Floor Apartment presents an excellent opportunity for first time buyers and investors alike.
Perfectly placed for effortless access to the heart of the historic Cathedral City of Lincoln, the property enjoys both convenience and a tucked away setting.
The well presented accommodation comprises a welcoming Entrance Hall leading into a bright and spacious Open Plan Lounge/Kitchen/Diner, two generous Double Bedrooms and a Wet Room, all thoughtfully arranged to maximise space and practicality.
Externally, the apartment benefits from the rare advantage of an enclosed and secure rear garden. Offered for sale with no onward chain, this appealing home is ready for immediate occupation.
Early viewing is highly recommended to fully appreciate the accommodation and location on offer.
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.
HALL With laminate flooring. LOUNGE/DINER With double glazed windows to the front and rear aspects, laminate flooring and two electric storage heaters.
KITCHEN 13' 2" x 6' 6" (4.02m x 2.00m) Fitted with an accessible range of wall and base units with work surfaces over, stainless steel sink with side drainer and mixer tap over, electric hob, spaces for appliances, tiled splashbacks and laminate flooring.
INNER HALLWAY With door to the rear garden, laminate flooring and electric storage heater.
BEDROOM 1 12' 8" x 14' 1" (3.87m x 4.31m) With double glazed window to the side aspect, storage cupboard, laminate flooring and electric storage heater.
BEDROOM 2 9' 9" x 9' 2" (2.99m x 2.80m) With double glazed window to the front aspect, laminate flooring and electric storage heater.
WET ROOM 7' 1" x 6' 5" (2.18m x 1.96m) Fitted with a electric wet room shower, wall mounted wash hand basin, close coupled WC and part tiled walls.
OUTSIDE To the rear of the property there is an enclosed secure private paved garden.
LEASEHOLD INFORMATION Length of Lease - 125 years from 29/09/2006 Years Remaining on Lease - 105 years Annual Ground Rent - £ TBC Ground Rent Reviewed - Annually in TBC Annual Service Charge Amount - £ TBC 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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