2-bedroom flat · LN2 4ZE
For saleReduced £7.5k (−5.3%) on 21 JunListed 217 days
Opportunity summary
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About
A beautiful two Bedroom Ground Floor modern Apartment situated in this popular development within Uphill Lincoln.
The property has internal living accommodation to briefly comprise of a Shared Communal Entrance, Inner Hallway, Open Plan Living/Kitchen/Diner, two double Bedrooms with built-in wardrobes, modern En-suite Shower Room to Bedroom 1 and a stylish Family Bathroom.
The property further benefits from an allocated parking space. This modern apartment would perfectly suit a first time buyer and is being sold with no onward chain.
A beautiful two Bedroom Ground Floor modern Apartment situated in this popular development within Uphill Lincoln.
The property has internal living accommodation to briefly comprise of a Shared Communal Entrance, Inner Hallway, Open Plan Living/Kitchen/Diner, two double Bedrooms with built-in wardrobes, modern En-suite Shower Room to Bedroom 1 and a stylish Family Bathroom.
The property further benefits from an allocated parking space. This modern apartment would perfectly suit a first time buyer and is being sold with 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.
Entrance hall With airing cupboard, storage cupboard, laminate flooring, spotlights and electric radiator.
Open plan living kitchen diner 21' 7" x 10' 4" (6.58m x 3.17m) With double glazed Juliet balcony with wooden shutters, built-in media wall with bookcases, electric radiator, spotlights, kitchen area fitted with a range of wall and base units with work surfaces over, undermount sink with side drainer and mixer tap over, electric oven with induction hob and extractor fan over, spaces for fridge freezer, washing machine and dishwasher, tiled splashbacks and flooring, breakfast bar, spotlights and intercom system.
Bedroom 1 11' 4" x 8' 8" (3.47m x 2.65m) With fitted wardrobe, double glazed window with wooden shutters and electric radiator.
En-suite shower room Fitted with a three piece suite comprising of walk-in shower cubicle with rainfall shower head, wall mounted wash hand basin with storage beneath and close coupled WC, part tiled walls, tiled flooring, chrome towel radiator and spotlights.
Bedroom 2 11' 4" x 6' 0" (3.47m x 1.85m) With built-in storage, double glazed window with wooden shutters and electric radiator.
Bathroom Fitted with a three piece suite comprising of panelled bath with shower over and glass shower screen wash, wall mounted wash hand basin in a vanity style unit with storage beneath and close coupled WC, tiled walls, laminate flooring, towel radiator and spotlights.
Outside The property benefits from an allocated parking space.
Leasehold information Length of Lease - 125 years from 1st January 2006 Years Remaining on Lease - 104 years Annual Ground Rent - £400 per annum Ground Rent Reviewed - Annually in tbc Yearly Service Charge Amount - £1,513.22 per annum 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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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 173 Palatine House, Olsen Rise, Lincoln
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