2-bedroom flat · LN8 5QU
To rentListed 80 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
LOCATION Overlooking the market place within the desirable and established town of Wragby, situated approximately 11 miles north east of Lincoln City Centre.
The property benefits from easy access to A158, A157 and a range of local amenities including: shops, schools and leisure facilities.
ACCOMMODATION The property provides well presented and spacious accommodation following the completion of a building renovation.
The Apartment provides internal accommodation briefly comprising of an Entrance Hall, New Dining Kitchen with washing machine and free fridge freezer, Hallway with airing cupboard leading to Living Room, Bedroom One, Bedroom Two and new Shower Room.
The property also benefits from electric storage heating. Viewing is required to appreciate the standard and size of the accommodation on offer.
OUTSIDE The property benefits from a single allocated parking space and a communal garden/ seating area. The property is accessed via a communal entrance hall and stairwell.
RENT AND DEPOSIT The asking Rent for the property is £800.00 per calendar month and the Tenancy Deposit is £920.00 (equal to 5 weeks' rent). The Holding Deposit for this property is £180.00.
ASSURED PERIODIC TENANCY The property will be let on an assured periodic tenancy (rolling monthly). The landlord is seeking a tenant for longer-term occupation.
ADDITIONAL FEES There are no application fees payable. You will be required to pay a Holding Deposit equal to one weeks rent to secure the property.
More information on charges to Tenants can be found on our website - VIEWINGS By prior appointment through Mundys.
THE RENTERS RIGHTS ACT New legislation was implemented in May 2026 and affects existing and new tenancies. More information on the changes is available at:
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Market Place, Wragby
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