2-bedroom flat · LN1 3HA
Listing removedListed 196 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**** guide price £250,000 - £275,000 **** An excellent investment opportunity situated in the highly sought-after Bailgate area of Lincoln, comprising of a ground floor one-bedroom flat and a well-proportioned one-bedroom maisonette above.
The ground floor flat offers a spacious living room, separate kitchen, double bedroom and bathroom, with direct access to the rear courtyard.
The first-floor maisonette is set over two levels and benefits from a generous living room, kitchen, double bedroom and bathroom, with additional space on the upper floor providing a light and airy feel, with views of the Cathedral.
Both units are self-contained, making this an ideal purchase for investors seeking a ready-made multi-let opportunity or those looking to maximise rental yield in a prime uphill location.
The property also benefits from a low-maintenance courtyard garden to the rear and garage.
Positioned in the historic Bailgate area, the property is within easy reach of Lincoln Cathedral, Lincoln Castle, and a wide range of independent shops, restaurants and amenities, ensuring strong and consistent tenant demand.
Early viewing is highly recommended to fully appreciate the potential and location on offer.
Value & comps
No previous sales on record.
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 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.
Area
Agent & docs
FAQ
About 73 & 73a,, Rasen Lane, Lincolnshire
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