2-bedroom house · LN1 2WQ
Sold STCListed 226 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This impressive two double bedroom terraced home is situated in the highly sought-after Marina Development in Burton Waters, west of Lincoln City.
The location provides excellent access to Lincoln City Centre, the A46 relief road, and an array of local shops, services, and amenities, many within easy walking distance.
Built to a high specification, the accommodation includes an Entrance Hall, a WC, Kitchen, and a Lounge/Diner with patio doors leading to the decked area and mooring.
The first floor features two spacious Double Bedrooms and a Shower Room.
Additional features include gas central heating, uPVC double glazing, a driveway, and a garage currently set up and used as a utility room. The property also benefits from a mooring with water views.
The development is security patrolled, and a viewing is highly recommended to fully appreciate the accommodation and location.
Please note - We have been advised that the property is Leasehold with 976 years left on the lease and that the cost per annum for ground rent and service charge is approximately £1400.
The mooring fee is also estimated to be around £1400pa.
Entrance Hall WC Kitchen 2.92m x 1.88m - 9'7" x 6'2" Lounge Diner 4.62m x 3.86m - 15'2" x 12'8" First Floor Landing Bedroom 1 3.86m x 3.05m - 12'8" x 10'0" Balcony 4.01m x 0.76m - 13'2" x 2'6" Bedroom 2 3.86m x 2.51m - 12'8" x 8'3" Shower Room 1.78m x 1.75m - 5'10" x 5'9" Outside Utility 3.4m x 2.74m - 11'2" x 8'12" Garage
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 The Moorings, Burton Waters, Lincoln, Lincolnshire, LN1
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