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See how verdicts work1-bedroom flat · LN1 2LW
Listing removedReduced £5k (−4.3%) on 21 JunListed 405 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A One Bedroom Second Floor Apartment on the ever popular Burton Waters Marina Development.
The property has well-presented living accommodation comprising of Communal Entrance Hallway with lift and stairs to the Second Floor, Inner Hallway, Open Plan Living Kitchen and Dining Area giving access to a private balcony, a Double Bedroom and modern Bathroom.
Marine Point Apartments is a secure and electrically gated residential area within Burton Waters itself. Within the gated communal area the property has an allocated parking space.
The property further benefits from its own Mooring and access to the communal patio and gardens with views over the Marina. Viewing is recommended to appreciate the accommodation on offer.
A One Bedroom Second Floor Apartment on the ever popular Burton Waters Marina Development.
The property has well-presented living accommodation comprising of Communal Entrance Hallway with lift and stairs to the Second Floor, Inner Hallway, Open Plan Living Kitchen and Dining Area giving access to a private balcony, a Double Bedroom and modern Bathroom.
Marine Point Apartments is a secure and electrically gated residential area within Burton Waters itself. Within the gated communal area the property has an allocated parking space.
The property further benefits from its own Mooring and access to the communal patio and gardens with views over the Marina. Viewing is recommended to appreciate the accommodation on offer.
Location Burton Waters is an exclusive Marina and residential development laying just to the West of the Cathedral City of Lincoln.
Quality, style and security are at the forefront, including 24-hour manned security station with CCTV.
Facilities on the site include shops, solicitors, the Woodcocks pub and restaurant, Harbour Lights floating restaurant, Indian restaurant, beauticians and the David Lloyd Sports Centre adjacent to Burton Waters.
The development offers a serene lifestyle with easy access to water based activities, making it a desirable place for those who enjoy boating and waterfront living.
The historic Cathedral 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 College.
Communal entrance With secure intercom entrance door, staircase and lifts to all floors and doors leading out to the communal garden area.
Hallway With intercom system, spotlights, wood effect laminate flooring with underfloor heating and storage cupboard housing the boiler.
Open plan living kitchen diner 20' 2 (max)" x 16' 1 (max)" (6.15m x 4.9m) Kitchen Area Fitted with a modern range of wall and base units with work surfaces over, eye level electric oven, 5 ring gas hob with extractor fan over, stainless steel 1 1/2 bowl sink unit with side drainer and mixer tap over, integral fridge, freezer, washing machine and dishwasher, laminate flooring with underfloor heating, tiled splashbacks, double glazed picture window, spotlights.
Living Area With double glazed window, double glazed door to the balcony and storage cupboard. Bedroom 16' 0" x 9' 11" (4.89m x 3.03m) With double glazed window and underfloor heating.
Bathroom 9' 4" x 5' 7" (2.86m x 1.72m) Fitted with a three piece suite comprising of p-shaped panelled bath with shower over and glass shower screen, wash hand basin in a vanity style unit with storage beneath and close coupled WC, towel radiator, tiled flooring and walls, shaver point and double glazed window.
Outside Outside the property benefits from a private Mooring and an allocated parking space within a secure gated car park. There is a balcony accessed from the living area.
There are also communal seating areas enjoying views over the Marina.
Leasehold information Length of Lease - 999 years (less 7 days) from 1 January 1999 Years Remaining on Lease - 972 years Annual Marine Point Apartments Service Charge Amount - £1,822.74 Annual Burton Waters Service Charge Amount - £1,727.66 Annual Burton Waters Mooring Service Charge Amount - £1,742.22 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
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
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FAQ
About 16, Marine Point Apartments, Marine Approach, Lincoln
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