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 work1-bedroom flat · LN2 1JZ
For saleListed 492 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Lincoln City Centre Investment Opportunity with a 8.38% gross yield per annum or £7,800pa.
With a proven track record of consistent tenancies, this spacious 1 bedroom apartment is an ideal buy to let or alternatively has potential for those with interests in serviced accommodation or city centre living.
The accommodation includes 1 double bedroom, 3 piece bathroom suite and an open plan living area with fitted kitchen.
There is a large period bay window which overlooks Clasketgate, a street which sits within the main retail, bars and restaurant area of Lincoln city centre and nearby to the historic Lincoln Cathedral.
Further benefits to the property include low service charge & ground rent, 125 year lease and within walking distance to the University of Lincoln and Lincoln County Hospital.
For further details on lease and investment returns please contact Starkey&Brown for further information. Council tax band: A. Leasehold.
Agents Note Please be aware marketing photos were taken in 2023 and there may be some differences to the current condition of the property.
Buyers are advised to view the property before proceeding with a purchase.
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){kind=logo}
FAQ
About Apartment 4, 42 Clasketgate, Lincoln
Explore nearby
