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See how verdicts work1-bedroom flat · LN5 7NZ
Listing removedListed 407 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Well Presented Second Floor, One Bedroom Apartment is offered for sale with no chain. Currently let and achieving £8340 Per Annum.
Situated in the sought-after Anchor Quay development and within walking distance from the High Street and the University of Lincoln.
The accommodation comprises Entrance Hall, 21ft open plan Lounge/Kitchen with integrated appliances including electric oven and hob with extractor over and fridge freezer.
One Double Bedroom and Bathroom. Includes one allocated parking space. The property benefits from UPVC double glazing and electric heating throughout. EPC rating: C.
Service charge description: 261 Per Quarter Entrance Hall With electric wall mounted heater, intercom entry system, full sized storage cupboard containing electric hot water cylinder.
Open Plan Living Kitchen (6.4m x 4.78m (21'0" x 15'8")) Lounge Area Windows and patio door to front aspect, electric wall mounted heater.
Kitchen Area With a range of base and wall units with work surfaces over, stainless steel drainer sink unit and integrated appliances including electric oven and four plate hob with extractor hood over, indesit integrated washer dryer, and Zanussi full sized integrated fridge freezer.
Bedroom (3.71m x 3.53m (12'2" x 11'7")) Window to front aspect. Electric wall mounted heater and fitted wardrobe.
Bathroom (2.26m x 2.08m (7'5" x 6'10")) Fitted with a white bathroom suite comprising wash hand basin, low level wc and panelled bath with shower over and glass screen.
Electric wall mounted heater, and ceiling mounted extractor fan. Outside Adjacent to the property there is allocated parking.
Agent Note These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither Newton Fallowell nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
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
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FAQ
About 219, Riverside Drive, Lincoln
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