1-bedroom flat · LN2 5BW
Listing removedListed 309 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ideal renovation opportunity! Perfect first time buyers or investors! Sold with no onward chain!
Starkey&Brown is delighted to offer for sale this one bedroom ground floor flat situated on Eastbourne Street.
The property comprises of an entrance area leading into a spacious lounge, a separate kitchen, one good sized bedroom and a a shower room. The property requires renovation throughout.
Outside the property has a shared communal area and garage with on street parking available nearby.
Eastbourne Street is a residential location and walking distance to Lincoln city centre, with a wide range of nearby amenities including shops, Co-op food store, Arboretum, Lincoln county hospital, schooling at primary levels, doctors surgery and a regular bus service to Lincoln city centre.
For more information or to arrange a viewing contact Starkey&Brown. Council tax band: A. Leasehold.
Access Through Fire Door Leading To: Entrance Hall Laminate flooring, a radiator, and 2 storage cupboards.
Access to: Lounge (14' 9'' x 11' 6'' (4.49m x 3.50m)) Having a uPVC double-glazed window to the side and rear aspects, laminate flooring, a radiator, and sliding door access into: Kitchen (11' 6'' x 8' 1'' (3.50m x 2.46m)) A uPVC double-glazed window looking out to the rear aspect, a range of wall and base units with countertops, an extractor fan, plumbing for a washing machine, a stainless steel sink with mixer tap, partial tiled walls, space for an electric cooker/oven, and a boiler cupboard.
Bedroom 1 (10' 9'' x 10' 8'' (3.27m x 3.25m)) Having a uPVC double-glazed window to the side aspect, laminate flooring, and a radiator.
Shower Room (7' 4'' x 6' 2'' (2.23m x 1.88m)) Having a mains-fed shower, a wash hand basin, a wall-mounted storage unit, tiled walls, a low-level WC, and a radiator.
Communal Garden A patio seating area. Access into: Communal Garage Shared with the remaining 6 flats. Agents Note The communal garden and garage are managed by Lincoln City Council.
Agents Note 1 There is an annual management charge of £200 paid to Lincoln City Council. Agents Note 2 Remaining Lease - tbc.
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
Agent & docs
FAQ
About 34, Eastbourne Street, Lincoln
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