3-bedroom flat · LN10 6DA
For saleListed 230 days
Opportunity summary
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About
Forming part of a small and attractive development of similar properties, this well-presented second floor, purpose-built leasehold apartment is ideally situated within easy walking distance of the village centre and its excellent range of amenities and facilities.
The property offers generous and well-planned accommodation throughout, featuring a spacious open-plan lounge/diner with access to a small balcony, providing a pleasant outdoor seating area.
There is a well-equipped kitchen, three good-sized bedrooms - one of which benefits from an en-suite - together with a separate bathroom.
Externally, the development is approached via an attractive block-paved courtyard and enjoys well-maintained communal gardens.
The property further benefits from a single garage with parking directly in front. Offered to the market with no onward chain, this apartment presents an excellent opportunity for a range of buyers.
GROUND FLOOR COMMUNAL ENTRANCE With staircase or lift to the first and second floors.
SECOND FLOOR LANDING with access door to: RECEPTION HALL Having fitted storage base cupboard, covered radiator, door chimes, wall thermostat, built-in shelved airing cupboard with radiator and access to the roof void.
LOUNGE/DINER LOUNGE AREA 21' 0" x 11' 3" (6.4m x 3.43m) With feature fire surround and hearth with electric coal effect fire, radiator, part-sloping ceiling with two Velux windows, in-set ceiling lights, TV and telephone points, double doors to a SMALL BALCONY and open access to: DINING AREA 16' 5" x 10' 6" (5m x 3.2m) Having range of fitted base storage cupboards and drawers to one wall with service hatch over and to the opposite side, further fitted storage cupboards with wine rack.
Radiator, in-set ceiling lights.
KITCHEN 13' 4" x 9' 8" (4.06m x 2.95m) Having stainless steel 1½ bowl single drainer sink unit with mixer taps and range of base cupboards and drawers under worktops with wall cupboards over and concealed lights.
Hotpoint built-in electric fan assisted oven and grill with four ring ceramic hob with extractor fan and light over, integral fridge and separate freezer, space and plumbing for dishwasher, space and plumbing for washing machine and tumble dryer.
Radiator, service hatch to the dining area.
BEDROOM ONE 12' 3" x 11' 2" (3.73m x 3.4m) Having built-in triple wardrobe with sliding doors, fitted range of base storage cupboards and drawers together with corner TV unit, part-sloping ceiling with two Velux windows, radiator.
EN-SUITE SHOWER ROOM Having fully tiled shower cubicle, vanity hand basin and low level WC.
Part-tiled walls, heated towel rail, tiled floor, illuminated wall cabinet, extractor fan and part-sloping ceiling with Velux window.
BEDROOM TWO 11' 3" x 10' 1" (3.43m x 3.07m) Having fitted double wardrobe with sliding doors, fitted dressing table with drawers under, fitted bedside unit, radiator and part-sloping ceiling with Velux window.
BEDROOM THREE 11' 4" x 7' 5" (3.45m x 2.26m) Having fitted double wardrobe with sliding doors. Cupboard housing the gas fired wall mounted combination boiler, radiator.
BATHROOM 11' 2" x 6' 5" (3.4m x 1.96m) Having panelled bath with shower over and folding splash screen, vanity hand basin with cupboards under and low level WC.
Fitted storage cupboard, radiator, mirror wall cabinet, shaver point, part-tiled walls. Tiled floor, extractor fan and part-sloping ceiling with Velux window.
OUTSIDE - COMMUNAL GARDENS GARAGE 22' 0" x 9' 5" (6.71m x 2.87m) Located in a block of four, with electric remote control roll-up door, wall storage cupboards, power and light connected.
OUTGOINGS - The property is situated within the East Lindsey District Council. Property Band D. TENURE - The property is LEASEHOLD.
The new owners of the property will become members of the Management Company that run the complex and subject to maintenance requirements of the complex.
The Service Charge is between £2,500 - £3,000 per annum. POSSESSION - Vacant possession will be given on completion.
FIXTURES AND FITTINGS - All those detailed are included in the sale as are the fitted carpets. VIEWING - Strictly and only by prior appointment to be made through the Sole Selling Agent - Walters.
Value & comps
No previous sales on record.
Returns
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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.
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