2-bedroom flat · DN21 1JA
Listing removedListed 196 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We offer to the market with no onward chain for ease of purchase a second floor apartment located in the converted Maltings building with accommodation comprising Entrance Hallway, open plan Lounge Kitchen area, two Bedrooms one with En Suite and Bathroom and externally access to the parking area.
Viewing is highly recommended. Accommodation The building is accessed by a secure coded door with communal area having stairs rising to the upper floor and lift giving alternative access.
The property is situated on the second floor with access from a communal hallway giving access into: Hallway With storage cupboard housing the hot water cylinder and provision for automatic washing machine and further storage.
Doors in turn giving access to: Open Plan Lounge/Kitchen (5.66m x 2.81m (18'6" x 9'2" )) Wooden double glazed window, wall mounted electric heater, fitted kitchen comprising base, drawer and wall units with complementary work surface, tiled splashback, inset stainless steel sink and drainer with mixer tap, integerated electric oven, four ring ceramic hob with extractor over and space for low level appliances.
Master Bedroom (5.32m x 2.90m to its maximum dimensions (17'5" x 9) Wooden double glazed window and wall mounted electric heater.
Door giving access to: En Suite Shower Room (1.78m x 1.43m (5'10" x 4'8" )) Suite comprising w.c., pedestal wash hand basin and tiled splashback, shower cubicle and heated towel rail.
Bedroom Two (5.29m x 2.95m to its maximum dimensions (17'4" x 9) Wooden double glazed window and wall mounted electric heater.
Bathroom (2.20m x 1.72m (7'2" x 5'7")) Suite comprising w.c, pedestal wash hand basin with tiled splashback, panel sided bath and tiled splashback, wall mounted heated towel rail.
Tenure - Leasehold 125 years commencing 1st January 2004.
Ground Rent - approximately £50.00 per annum Service Charge - approximately £1.900 per annum Council Tax Through enquiry of the West Lindsey District Council we have been advised that the property is in Rating Band 'A' Estate agents operating in the UK are required to conduct Anti-Money Laundering (aml) checks in compliance with the regulations set forth by hm Revenue and Customs (hmrc) for all property transactions.
It is mandatory for both buyers and sellers to successfully complete these checks before any property transaction can proceed.
Our estate agency uses Coadjute’s Assured Compliance service to facilitate the aml checks. A fee will be charged for each individual aml check conducted
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
Agent & docs
FAQ
About 35 Sandars Maltings, Bridge Street, Lincolnshire
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