1-bedroom flat · LN2 1QJ
For saleReduced £7.5k (−4.4%) on 26 AugListed 126 days
Opportunity summary
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About
This spacious first-floor apartment is located yards from Lincoln's famous Bailgate and offers a fantastic opportunity for a buyer looking to put their own stamp on a property.
The flat is a blank canvas that would benefit from some cosmetic updates, making it perfect for first-time buyers, downsizers, or landlords wanting to add value.
The building itself is full of character, featuring a welcoming communal hallway with a large staircase leading upstairs.
Inside, the apartment offers a great layout, including a large lounge diner flooded with natural light and an archway into the kitchen, combining into a modern open-plan living layout.
Completing the living space is a double bedroom with a built-in wardrobe, a bathroom, and an allocated parking space.
The location is a huge selling point, sitting in a highly sought-after position just off Church Lane in the historic Uphill area of Lincoln.
You are only a short walk away from the famous Bailgate and Cathedral Quarter, putting iconic landmarks like Lincoln Cathedral and Lincoln Castle practically on your doorstep.
The local area is packed with excellent amenities, including a brilliant mix of independent shops, cafes, traditional pubs, and restaurants.
It is also very convenient for accessing the main city centre, making it ideal for anyone wanting a character property in a prime location with its own allocated parking space. Council tax band: B.
Leasehold. Communal Entrance The property is approached via a communal entrance hall featuring a grand staircase rising to the first floor, where the apartment is located.
Entrance Hall The private entrance hall provides direct access to the main living accommodation, bedroom, and bathroom.
Kitchen (13' 5'' x 9' 8'' max (4.09m x 2.94m)) The kitchen features double-glazed windows to the side aspect and is currently fitted with a practical arrangement of eye and base units.
It offers ample space and plumbing for appliances, wood-effect laminate flooring in good condition, a single radiator, and a wall-mounted gas central heating back boiler.
An open archway leads directly into the lounge diner.
Lounge Diner (17' 10'' x 15' 4'' max (5.43m x 4.67m)) This expansive living space is bright and airy, boasting three double-glazed UPVC windows and wood-effect laminate flooring.
The room includes two radiators, a useful storage cupboard, and offers a highly flexible layout for both living and dining furniture.
Bedroom (11' 8'' x 8' 2'' max (3.55m x 2.49m)) A comfortable bedroom featuring a uPVC double-glazed window to the front aspect, recently laid carpet, and a single radiator.
The room further benefits from built-in storage cupboards.
Bathroom (8' 0'' x 5' 6'' max (2.44m x 1.68m)) Comprises a panelled bath with an electric shower over and tiled surround, a low-level WC, and a pedestal wash hand basin.
It features wood-effect flooring and an obscured double-glazed window providing privacy and natural light.
Outside The property benefits from an allocated parking space, clearly labeled in the front car park. This external area also provides a dedicated space for refuse bins.
Agents Note Leasehold: 999 years from 1982. Service Charge: Last annual payment of £4,172.50.
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 11, Francis Hill Court, Lincoln
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