2-bedroom flat · LN4 2PN
Listing removedListed 241 days
Opportunity summary
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About
Starkey&Brown are delighted to offer this well-presented two-bedroom ground-floor apartment positioned on Grange Road in Bracebridge Heath.
An ideal first-time buy, people looking to downsize, or investors. The property offers spacious accommodation and benefits from its own generous private rear garden - a rare feature for an apartment.
Accommodation briefly comprises a spacious living room, a kitchen overlooking the rear garden, two double bedrooms, and a three-piece bathroom suite.
Further benefits of the property include gas central heating and a boiler fitted approximately three years ago.
Externally, the property enjoys a private, generous rear garden - solely for this property, providing excellent outdoor space for seating and relaxation.
Grange Road is located in Bracebridge Heath, offering a range of local amenities including shops, Tesco Express, a doctor's surgery, a regular bus service to Lincoln city centre, along with easy access to nearby countryside walks.
Council tax band: A. Leasehold.
UPVC Composite Door Leading Into: Entrance Hall Laminate flooring, coving, a radiator, a storage cupboard (old airing cupboard), and additional storage understairs from the flat above.
Living Room (14' 1'' x 12' 11'' (4.29m x 3.93m)) Having a uPVC double-glazed window to the front aspect, laminate flooring, a radiator, coving, and an electric fireplace.
Kitchen (9' 6'' x 9' 6'' (2.89m x 2.89m)) Having a range of base and wall units with countertops, a stainless steel sink with mixer tap, an electric oven, and a 4-ring electric hob with extractor fan, spacious for a fridge freezer, space and plumbing for a washing machine, a wall-mounted boiler (3 years old and serviced and paid for by the council), partially tiled walls, tiled flooring, a uPVC composite door leading to the rear, uPVC double-glazed windows to the rear and the side and a radiator.
Bedroom 1 (14' 1'' x 13' 2'' (4.29m x 4.01m)) Having a uPVC double-glazed window to the rear, laminate flooring, a radiator, coving, and a storage cupboard.
Bedroom 2 (12' 11'' x 9' 7'' (3.93m x 2.92m)) Having a uPVC double-glazed window to the front aspect, laminate flooring, a radiator, and coving.
Bathroom (9' 6'' x 5' 7'' (2.89m x 1.70m)) Three-piece suite comprising a low-level WC, a panelled bath with overhead shower, a wash hand basin, vinyl flooring, a uPVC frosted window to the rear, tiled walls, an extractor fan and wall-mounted storage cupboard, and a radiator.
Outside Front Shared access path. Lawned area with potential to add a driveway (subject to planning permissions). Outside Rear Mostly laid to lawn with decking and an additional patio area.
Timber-built shed and a brick-built shed. Agents Notes This is a leasehold property. 125-year lease commenced in 1983. Please contact the office for more information.
Agents Note 1 There is an annual charge of £100 annually. Ground rent of £10 annually. Managed by North Kesteven District Council.
This includes annual service of the boiler and upkeep on the building and roads.
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 31, Grange Road, Lincoln
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