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See how verdicts work2-bedroom flat · LN1 3ES
For saleReduced £12.1k (−5.5%) on 10 OctListed 293 days
Opportunity summary
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About
A spacious Two Bedroom Ground Floor Apartment located within the popular McCarthy & Stone Retirement development of Avalon Court on Newport, in the Uphill Area of Lincoln.
The apartment benefits from direct access to the gardens and is within close proximity to the Bailgate and also with easy access into the City Centre.
The property has well presented living accommodation comprising of Hall, Lounge with door to the gardens, Kitchen, Two Double Bedrooms with fitted wardrobes and four piece Bathroom.
There are well kept communal gardens. No onward chain.
A spacious Two Bedroom Ground Floor Apartment located within the popular McCarthy & Stone Retirement development of Avalon Court on Newport, in the Uphill Area of Lincoln.
The apartment benefits from direct access to the gardens and is within close proximity to the Bailgate and also with easy access into the City Centre.
The property has well presented living accommodation comprising of Hall, Lounge with door to the gardens, Kitchen, Two Double Bedrooms with fitted wardrobes and four piece Bathroom.
There are well kept communal gardens. No onward chain.
Location The historic Cathedral and University City of Lincoln has the usual High Street shops and department stores, plus banking and allied facilities, multiplex cinema, Marina and Art Gallery.
The famous Steep Hill leads to the Uphill area of Lincoln and the Bailgate, with its quaint boutiques and bistros, the Castle, Cathedral and renowned Lincoln Bishop University.
Avalon court Avalon Court, built by McCarthy & Stone has been designed and constructed for modern retirement living.
The development consists of two blocks of apartments containing 62 one and two-bedroom retirement apartments for the over 60s.
The dedicated House Manager is on site during working hours to take care of things and make you feel at home.
For your peace of mind the development has camera door entry and 24-hour emergency call systems, should you require assistance.
The Homeowners' lounge provides a great space to socialise with friends and family, along with a kitchenette. There is also a laundry room on site for residents use.
If your guests have travelled from afar, they can extend their stay by booking into the development Guest Suite (for a fee - subject to availability).
It is a condition of purchase that residents must meet the age requirement of 60 years or over.
Entrance hall With door to the Communal Hallway, intercom system, electric radiator, airing cupboard and large storage cupboard.
Lounge 19' 5" x 10' 8" (5.92m x 3.27m) With double glazed door to the gardens, electric fire with decorative surround and electric radiator.
Kitchen 7' 3" x 8' 2" (2.22m x 2.51m) Fitted with a modern range wall and base units with work surfaces over, stainless steel sink with side drainer and mixer tap over, eye level electric oven, electric hob with extractor fan, space for slimline dishwasher, integrated fridge, tiled flooring and splashbacks and double glazed window.
Bedroom 1 15' 5" x 9' 7" (4.70m x 2.93m) With double glazed window, fitted wardrobe with mirror fronted sliding doors and electric radiator.
Bedroom 2 15' 5" x 10' 1" (4.70m x 3.08m) With double glazed window, fitted wardrobe with mirror fronted sliding doors and electric radiator.
Bathroom Fitted with a four piece suite comprising of panelled bath, shower cubicle, wash hand basin in a vanity style unit and close coupled WC, tiled walls and flooring and towel radiator.
Outside There are communal gardens and a parking space may be available upon request (via an application with McCarthy and Stone).
Leasehold information Length of Lease - tbc Years Remaining on Lease - tbc Annual Ground Rent - £495.00 Ground Rent Reviewed - Annually in tbc Annual Service Charge Amount - £3,967.32 Service Charge Reviewed - Annually in tbc 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
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We're still gathering serviced-accommodation data for this area.
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.
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FAQ
About 28 Avalon Court, Newport, Lincoln
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