2-bedroom flat · LN5 8JH
For saleListed 206 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO ONWARD CHAIN!
1 Spencer Court is a two-storey red brick and cream render, maisonette forming part of a purpose-built block made up of a ground floor and basement level, convenient city-centre location, close to shops, transport links, and amenities There is a private east-facing front entrance directly off Little Bargate Street with a secondary entrance via shared rear corridor with secure intercom entry system on Spencer Street.
Allocated parking space accessed through open brick archway, plus additional open parking bays opposite the property; shared courtyard/garden area to the rear to include shared bin storage area and gated access to rear of property.
Leasehold. 105 years lease remaining.
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
Agent & docs
FAQ
About 1 Spencer Court, Spencer Street, Lincoln
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