2-bedroom flat · LN12 2AS
Sold STCListed 256 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Choice Properties are delighted to bring to the market this stunning two bedroom top floor apartment, located in the most sought after position, overlooking beautiful views of Mablethorpe's award winning beaches.
The flat is immaculately presented throughout and comes with a parking space allocated directly outside the block. Early viewing is highly advised! No upper chain.
The abundantly light and beautifully maintained accommodation comprises:- Entry - 0.86m'' x 1.50m'' (2'10'' x 4'11'') - Front door leading into the entrance hall, featuring the wall mounted consumer unit and a door to: Hallway - 0.86m'' x 5.11m'' (2'10'' x 16'9'') - Fitted with the wall mounted telecom system, wall mounted thermostat, built in storage cupboard.
Kitchen - 4.09m'' x 2.06m'' (13'5'' x 6'9'') - Fitted with a range of wall and base units with complimentary worksurfaces over, one bowl stainless steels sink unit with drainer, cooker point, space for fridge/freezer, plumbing for a washing machine, cupboard housing the wall mounted combination boiler, partly tiled walls.
Reception Room - 6.43m'' x 4.39m'' (21'1'' x 14'5'') - Abundantly light reception room, TV Aerial point, sliding patio doors leading out onto the:- Balcony - 1.32m'' x 2.03m'' (4'4'' x 6'8'') - Stunning views overlooking the award winning beaches.
Bedroom 1 - 3.10m'' x 2.34m'' (10'2'' x 7'8'') - Spacious double bedroom with fitted wardrobes. Bedroom 2 - 3.07m x 1.98m (10'01" x 6'06") - Double bedroom.
Bathroom - 3.12m'' x 1.63m'' (10'3'' x 5'4'') - Fitted with a modern three piece suite comprising panelled bath with shower over, w.c.
with was hand basin with stainless steel mixer tap incorporated above, tiled walls, fitted vanity unit, space for a tumble dryer, built in storage space.
Outside - There is an allocated parking space directly outside the communal entrance block. Tenure - Leasehold. Remainder of a 999-year lease which started in 1988. Management fee approx.
£64.00 per month. Please note that these flats can no longer be let out.
Council Tax Band - Local Authority - East Lindsey District Council, The Hub, Mareham Road, Horncastle, Lincolnshire, LN9 6PH Tel. No.
Website: Council Tax Band - According to the Valuation Office Agency Website the property is currently in Council Tax Band A.
Making An Offer - If you are interested in making an offer on this property please have a chat with us and we will be happy to start the negotiations for you.
Under money laundering regulation we will ask you to provide us with formal photographic ID by way of either a passport or driving licence.
If you are travelling from afar we would advise bringing this documentation with you just in case this home is perfect for you.
We would also like to make you aware that we will require details of your estate agents, proof of funds should you be a cash buyer and solicitors details, as this helps us to start the transaction quickly for you.
Viewing Arrangements - By appointment through Choice Properties on . Opening Hours - Monday to Friday 9.00 a.m to 5.00 p.m. Saturday 9.00 a.m. to 3.00 p.m.
Choice Properties have not tested any included apparatus, equipment, fixtures, fittings, central heating systems or services mentioned in these particulars and purchasers are advised to satisfy themselves as to their working order and condition.
Buyers are strongly advised to obtain verification from their Solicitor or Surveyor regarding the working order and condition of all the items included.
These particulars do not constitute, nor constitute any part of, an offer or contract.
All statements contained in these particulars as to this property are made without responsibility on the part of Choice Properties or the vendors or lessors.
None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact.
All measurements have been taken as a guide to prospective buyers only, and are approximate.
Any intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars The vendors do not make or give and neither Choice Properties nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to this property.
Value & comps
No previous sales on record.
Returns
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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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FAQ
About Queens Park Close, Mablethorpe
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