2-bedroom flat · LN4 2TS
For saleReduced £12.5k (−10.2%) on 16 JulListed 331 days
Opportunity summary
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About
Built in 1998, the Minster Court development provides a well kept and inviting top-floor apartment designed exclusively for the over-55s.
This purpose built development benefits from 24 hour onsite security and is conveniently located to nearby amenities.
The apartment features a welcoming entrance hall with useful storage and leads into a spacious, light-filled lounge.
The fully fitted kitchen includes integrated appliances, while the main bedroom offers excellent storage with a spacious walk-in wardrobe.
You further benefit from a generous second bedroom, providing a useful space for either a guest room or office. The apartment is completed by a contemporary wet room with a walk-in shower.
Ideally situated close to local shops, everyday amenities and excellent transport links into Lincoln, this apartment offers a perfect combination of comfort and convenience in a highly desirable setting.
The seller has also offered a £750 incentive towards choosing your own carpets.
Please note - We have been advised that the property is Leasehold with 90 years left on the lease and that the cost per month for ground rent and service charge is approximately £717.
Entrance Hall Lounge 4.94m x 4.01m - 16'2” x 13'2” Kitchen 3.24m x 2.51m - 10'8” x 8'3” Shower Room 2.52m x 2.43m - 8'3” x 7'12” Bedroom 1 3.73m x 3.5m - 12'3” x 11'6” Bedroom 2 3.2m x 2.57m - 10'6” x 8'5”
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.
Area
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FAQ
About 44, Minster Court, Lincoln
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