2-bedroom flat · LN11 7QW
To rentListed 33 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available Soon Lovelle's are delighted to offer this delightful 2 bedroom furnished first floor flat in North Somercotes Area description North Somercotes is a delightful village close to seaside town of Mablethorpe .
The village has local schools, amenities and public transport . Property description This flat comes tastefully furnished .
The flat is on the first floor and briefly comprises of , kitchen with a range of wall and base units and built in hob and oven , living room , single bedroom with bult in wardrobe and a double bedroom , the bathroom has a white suite with shower over the bath.
There are no gardens to the flat. This flat is a must view to be fully appreciated.
Water - Anglian Water Sewerage – Mains drainage Broadband - According to Ofcom the following is available: Standard X19mbps, Superfast 80 mbps, Ultrafast N/A mbps Mobile Signal – According to Ofcom the coverage is detailed as being variable in-home and variable to good outdoor Parking – Street parking EPC Rating E Council Tax Band A Tenancy Information: Rent: £650 per calendar month (£150 per week) Deposit: £750 Your income must be a minimum of £19,500 Guarantor (if needed) income £23,400.
A holding deposit of £150 (one week’s rent) is required to reserve the property when your application has been agreed for formal referencing.
Once your application has been approved, this amount will be deducted from the combined balance of the first month’s rent and deposit as detailed that will be due.
Please note bills are not included at this property. All bills including Gas, electric, council tax, water and broadband are responsibility of the tenant.
If the property has an oil fired system then the tenant will need to return this filled to the received level. For a list of permitted tenant fees please visit our website.
Further Property Information available: If you would like any further specific information relating to this property, please call or email our team.
Agent information: Lovelle Estate Agency is a member of the ‘Property Mark Client Money Protection’ scheme and a member of ‘The Property Ombudsman’ redress scheme.
Further details are available on our website: and please select the relevant branch. EPC rating: E.
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 1 Churchill Road, North Somercotes, LN11
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