1-bedroom flat · LN5 7NZ
For saleListed 500 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Riverside Drive Lincoln ** apartment with gorgeous cathedral views *** - investment opportunity tenant in situ as from July 2025 on A 12 month contract ** offers in the region of £110,000 ** Kinetic Estate Agents are delighted to present for sale this well maintained apartment featuring A double bedroom, situated within the highly sought-after Anchor Quay development.
This property boasts a secure entry system, an entrance hallway with two storage cupboards, and an open plan lounge/kitchen/diner equipped with an oven, hob, extractor, washing machine, and fridge/freezer.
Additionally, there is a large double bedroom, with built-in wardrobes, and a family bathroom complete with a shower over the bath.Externally, the apartment provides an allocated parking space.
The property also boasts stunning cathedral views from both the main open plan room, and the bedroom. Further features include electric economy 7 heating and uPVC double glazing.
Riverside Drive is located just off High Street and within walking distance to local shops and amenities, the historic Cathedral and University City of Lincoln has the usual High Street shops and department stores, plus banking and further facilities.
We highly recommend a viewing to fully appreciate both the accommodation and the desirable location this property offers.
Full Description Entrance Hall Door to front and built in Airing Cupboard Open Plan Lounge/Kitchen/Diner 6.25m (20' 6") x 4.78m (15' 8") Window and door to front with Juliette balcony, range of base and eye level units with integrated oven, hob and extractor hood, contrasting work surfaces, and inset sink unit View from Lounge Bedroom One 3.43m (11' 3") x 3.15m (10' 4") With fitted carpet, built in wardrobes, and juliet balcony to the rear aspect with some gorgeous cathedral views.
View from Bedroom Family Bathroom 2.24m (7' 4") x 2.13m (7' 0") With three piece suite including panelled bath with shower over, wash hand basin, low level flush wc, and extractor fan.
External Externally, the apartment provides an allocated parking space. The property also boasts stunning cathedral views from both the main open plan room, and the bedroom.
Further features include electric economy 7 heating and uPVC double glazing.
Additional Information Tenure: Leasehold Ground Rent per year - £135 Lease Length - 125 Years From New Maintainence fee per year -£1,084 Council Tax Band: B Local Authority: Lincoln Disclaimer These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract.
Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves.
We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
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 231, Riverside Drive, Lincoln
Explore nearby