We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · LN6 0TH
For saleListed 18 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Immaculate home – Immaculate two-bedroom retirement apartment with no onward chain, modern kitchen, spacious lounge and the rare benefit of its own patio and lawned garden.
Allocated parking, communal lounges and a welcoming community atmosphere.
A beautifully presented two-bedroom ground-floor retirement apartment, offered for sale in immaculate condition and with no onward chain.
The property forms part of a well-regarded retirement development offering a wonderful community atmosphere and communal lounges.
One of the particular highlights of this apartment is its excellent outdoor space.
Being situated on the ground floor, the property benefits from its own patio area and small lawned garden, providing a lovely private space to sit outside and enjoy the warmer months.
The apartment itself is modern throughout, with a contemporary fitted Kitchen, spacious Lounge, two double Bedrooms and a generous Bathroom.
Further benefits include allocated parking and secure coded access to the building.
Location Ferguson House enjoys a convenient position just off Skellingthorpe Road, with Hartsholme Country Park within approximately a five-minute walk.
The park offers beautiful woodland, landscaped gardens, open green space, lakeside walks, a café and visitor facilities, providing an excellent setting for enjoying the outdoors.
The surrounding area also offers a good selection of local amenities for everyday needs, while Lincoln city centre is approximately three miles away, providing a wealth of shops, cafés, restaurants, cultural attractions and leisure facilities.
The property is also well positioned for transport links, with regular bus services providing access into Lincoln, while Skellingthorpe Road connects conveniently with the wider road network, including the A46.
Lincoln Central railway station is also within the city centre, offering regular services to destinations including Nottingham, Sheffield, Doncaster, Peterborough and London.
Entrance hall A spacious entrance hall with electric radiator, intercom telephone system and useful built-in storage cupboards, one housing the hot water cylinder and a further cupboard providing additional cloakroom/storage space.
Kitchen 11' 5" x 5' 11" (3.48m x 1.8m) A modern fully fitted kitchen comprising a range of contemporary units with complementary work surfaces and tiled splashbacks.
The kitchen is well equipped with an integrated Hotpoint dishwasher, high-level oven and grill, integrated fridge freezer, induction hob and extractor over.
There is also space and plumbing for a washing machine, stainless steel sink with mixer tap, electric radiator and UPVC double-glazed window to the side aspect.
Lounge 14' x 10' 6" (4.27m x 3.2m) A bright and spacious principal reception room with two electric radiators and double patio doors, together with side windows, providing direct access onto the apartment's own patio and garden area.
The room provides an excellent space for both relaxing and entertaining, with the additional benefit of direct outdoor access.
Bedroom 1 13' 10" x 9' 7" (4.22m x 2.92m) A well-proportioned double bedroom with electric radiator and window overlooking the front aspect.
Bedroom 2 10' 2" x 7' 9" (3.1m x 2.36m) A further double bedroom with electric radiator and window.
Bathroom A spacious modern bathroom fitted with a suite comprising wash hand basin with vanity storage, WC and a large shower cubicle with electric shower, lino flooring, splashback tiling, chrome heated towel rail, extractor and wall-mounted electric heater.
Outside A particular selling point of this ground-floor apartment is the private outdoor space.
The lounge opens directly onto the property's own patio area and small lawned garden, providing a lovely space for outdoor seating, gardening or simply enjoying some fresh air.
The development also benefits from allocated parking, secure coded access and attractive communal areas.
Leasehold information Length of Lease - 1st April 2003 Years Remaining on Lease - 101 years Annual Service Charge Amount - £2,736.00 Annual Ground Rent Amount - £180 All figures should be checked with the Vendor/Solicitor prior to Exchange of Contracts and completion of the sale.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
.png)
FAQ
About Flat 8, Ferguson House, Skellingthorpe Road, Lincoln
Explore nearby