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See how verdicts work1-bedroom flat · LN5 7NZ
For saleReduced £6k (−6.3%) on 25 SepListed 718 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*investment opportunity* One bedroom second floor apartment situated within walking distance to the city centre and benefitting from allocated parking for one vehicle.
Comprising internally of an entrance hall, open plan living / kitchen, one bedroom and a bathroom. No onward chain.
Description *investment opportunity - tenant in situ* One bedroom second floor apartment situated within walking distance to the city centre and benefitting from allocated parking for one vehicle.
Comprising internally of an entrance hall, open plan living / kitchen, one bedroom and a bathroom. Sold with no onward chain.
The Anchor Quay development is well situated being within walking distance to the Lincoln University and the High Street for a variety of amenities.
EPC Rating - C Council Tax Band - A Tenure - Leasehold Investment Opportunity This property is available an investment opportunity with a tenant situ on a fixed tenancy paying £780pcm until November 2025.
Entrance Hall Carpet flooring with matwell, pendant fitting, wall mounted heater, intercom phone, wall mounted Dimplex heating controls and fuse box, plus storage cupboard housing the water cylinder.
Bathroom (2.295 x 2.114 (7'6" x 6'11")) Low level WC, pedestal wash basin and a panel bath with head and hose attachment. Vinyl flooring, partial wall tiling, wall heater, light fitting and extractor.
Bedroom (3.460 x 3.849 (11'4" x 12'7" )) PVC window to the rear aspect, pendant fitting, carpet flooring, wall mounted heater and fitted wardrobe.
Open Plan Kitchen / Living Area (7.106 x 3.852 max measurements (23'3" x 12'7" max) Base and eye level units with roll edge work surfaces, tiled splash backs and an inset stainless steel sink and drainer.
Fitted Zanussi oven, hob with extractor over, integrated fridge freezer plus a washing machine.
Ceiling lighting, Dimplex heating control, carpet and vinyl flooring, electric heater and PVC French doors. Outside Allocated parking space for one vehicle. Fixtures & Fittings.
Please Note : Items described in these particulars are included in the sale, all other items are specifically excluded. We cannot verify that they are in working order, or fit for their purpose.
The buyer is advised to obtain verification from their solicitor or surveyor. Measurements shown in these particulars are approximate and as room guides only.
They must not be relied upon or taken as accurate. Purchasers must satisfy themselves in this respect.
Leasehold Information Lease Remaining - 107 Years Ground Rent - £134.89 per annum Service Charge - £1,443.64 per annum Review Period - annually This information has been provided by the vendor and must not be relied upon or taken as accurate.
Purchasers must satisfy themselves in this respect.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 187, Riverside Drive, Lincoln
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