1-bedroom flat · LN1 3ES
For saleListed 273 days
Opportunity summary
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About
An immaculate One Bedroom Ground Floor Apartment situated in the McCarthy and Stone Retirement Development of Avalon Court, in the Uphill area of Lincoln.
The apartment is within close proximity to the Bailgate and also has easy access into the City Centre.
The property has recently decorated accommodation comprising of a Hallway, Lounge/Diner, Modern Fitted Kitchen, Double Bedroom with fitted wardrobes and Shower Room.
There are communal well kept gardens with direct access from the apartment. Viewing is highly recommended. NO ONWARD CHAIN.
LOCATION The historic Cathedral and University 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 University.
SERVICES Mains Electricity, Water and Drainage. Electric Heating. AVALON COURT Avalon Court, built by McCarthy & Stone has been designed and constructed for modern retirement living.
The development consists of two blocks of apartments containing 62 one and two-bedroom retirement apartments for the over 60s.
The dedicated House Manager is on site during working hours to take care of things and make you feel at home.
For your peace of mind the development has camera door entry and 24-hour emergency call systems, should you require assistance.
The Homeowners' lounge provides a great space to socialise with friends and family, along with a kitchenette. There is also a laundry room on site for residents use.
If your guests have travelled from afar, they can extend their stay by booking into the development Guest Suite (usually for a fee of £25 per night - subject to availability).
It is a condition of purchase that residents must meet the age requirement of 60 years or over. HALLWAY With door to the Communal Hallway, intercom system, storage cupboard and electric radiator.
LOUNGE/DINER 19' 3" x 10' 10" (5.88m x 3.31m) With UPVC double glazed window to the side aspect, UPVC double glazed security door and window to the front aspect, attractive electric fire with decorative surround and an electric radiator.
KITCHEN 8' 7" x 5' 9" (2.64m x 1.76m) Fitted with a range of wall, base units with drawers with work surfaces over, stainless steel sink with side drainer, integral fridge, freezer, eye level electric oven, electric hob with extractor fan, tiled splashbacks, tiled floor and UPVC double glazed window to the front aspect.
BEDROOM 14' 7" x 9' 10" (4.47m x 3.01m) With UPVC double glazed window to the front aspect, electric radiator and mirror fronted double wardrobe.
SHOWER ROOM Fully tiled with suite comprising of oversized walk-in shower cubicle, low level WC and wash hand basin set within a vanity unit.
OUTSIDE There are communal gardens and a parking space may be available upon request (via an application with McCarthy and Stone). LEASEHOLD INFORMATION Length of Lease - 125 years.
Years Remaining on Lease - 109 years.
Annual Ground Rent - £440.80 Ground Rent Reviewed - TBC Annual Service Charge Amount - £2,640.00 Service Charge Reviewed - TBC 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
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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.
Area
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FAQ
About Avalon Court, Newport, Lincoln
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