1-bedroom flat · LN2 3GF
To rentListed 371 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Diamond Place, Hutchings Way, Welton, Lincoln, Lincolnshire, Ln2 3Gf Home Facilities Each 1-bedroom level access self-contained apartment has been purpose built with every detail thoughtfully crafted with comfort and accessibility in mind.
The spacious open-plan living area is light and inviting, featuring large windows that fill the space with natural light.
The modern fitted kitchen includes easy-reach cupboards, low level cooker and slip resistant flooring. The generously sized bedroom provides wide doorways for ease of access.
The wet room shower is purpose-built for convenience and safety which include pre-fitted grab rails and slip resistant flooring.
There is a call monitoring system installed as standard in all apartments designed to offer peace of mind allowing outgoing and incoming communication to the on-site commissioned care provider 24/7.
Lace employed support staff available weekdays 9am to 3:30pm.
About Lace Housing Lace Housing, founded in 1964, specialise in the provision of affordable housing and support services for older and vulnerable people in the county of Lincolnshire.
Diamond Place, situated in the popular village of Welton, was named in celebration of the association’s Diamond Jubilee and is our newest Housing with Extra Care scheme.
Diamond Place provides an environment designed to enable residents to feel safe, secure and help with feelings of loneliness and isolation.
It also enables older people to receive planned care and support in order for them to retain or regain their independence.
Communal Facilities Communal facilities include lounge seating areas, restaurant which offers a high quality meal everyday throughout the year, resident-led events which offer a sense of community and companionship, assisted bathroom, two mobility charging and storage rooms, multi-use communal rooms, external seating & landscaped garden areas, drying areas and EV vehicle charging points.
Lace employed support staff available weekdays 9am to 3:30pm. Our friendly team are on-hand to assist and offer general tenancy related support.
Eligibility *To qualify for Extra Care Housing, applicants usually need a minimum care need of one hour per week, a support need, and recommended regular use of communal facilities.
We are currently considering applicants without an immediate care need but with a high support need who would benefit from the extra care environment.
*If you unsure if you meet our eligibility criteria including financial viability, please contact us and we would be more than happy to discuss available options on a case-by-case basis.
You may be entitled to extra financial support, you can check what you may be able to claim via the website: Further information Rent/service charge included - £276.45 Per Week (inclusive of service charge).
Deposit - No Deposit required Tenancy term - Tenancies run on a monthly periodic basis (Non-Shorthold) Council tax band - A EPC rating - C unfurnished available date - asap Additional fees - No additional fees.
However there is an optional advanced 4-week payment which can be paid to Lace Housing once a tenancy has been confirmed.
Utilites - Apartments are individually metred and tenants are responsible for their own utilities & council tax. Each apartment is connected to mains electric and water.
There is no gas connection. Cost of any care requirments - the cost of care is not included in the advertised rent or service charge. A care package is tailored to suit the individuals’ needs.
This will be by the commissioned care provider on-site (Sage Care), and could be subject to a financial review for funding by lcc.
This will be discussed in detail during the application stage by a Lace Housing Employee.
Tenure type - Affordable rent Agents note - These properties are an advertising basis only by Kinetic Lettings and anyone expressing an interest will get passed onto Lace housing to deal with from viewing stage onwards, Kinetic cannot be responsible with any dealings after this.
Agents note (photos/floorplans/videos) - These have been provided by Lace housing and are examples of the communal areas and an idea on the apartments however they can differ so please refer to the floorplans for the different types.
Lettings Disclaimer These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed and have been provided by Lace housing and approved by them so Kinetic lettings cannot be held accountable, and they do not constitute an offer of contract.
We should make you aware of the following guidance or limitations.
- Money laundering regulations - prospective tenants will be asked to produce identification documentation during the referencing process and we would ask for your co-operation in order that there will be no delay in agreeing a tenancy.
- The information/text, photographs and floor plans are for guidance only and are not necessarily comprehensive. - Measurements are approx room sizes and are only as general guidance.
You must verify the dimensions carefully to satisfy yourself of their accuracy and we recommend you measure the property yourself for any furnishings or specific requirements within the rooms.
- You should make your own enquiries regarding the property to Lace housing, particularly in respect of furnishings to be included/excluded, utilities and what parking facilities are available.
- Before you enter into any tenancy for one of the advertised properties, the condition and contents of the property will normally be set out in a tenancy agreement and inventory by Lace housing and Kinetic cannot advise on this.
Please make sure you carefully read and agree with the tenancy agreement and any inventory provided before signing these documents and refer any questions to lace housing not kinetic.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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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FAQ
About Diamond Place, Hutchings Way, Lincoln
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