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See how verdicts work2-bedroom flat · LN5 7PB
For saleReduced £10k (−8%) on 21 JunListed 689 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within this popular, modern City Centre development and within walking distance to the University of Lincoln and the High Street area.
This top floor Apartment consists of accommodation comprising of Entrance Hall, Open Plan Living Kitchen Dining area, Two Double Bedrooms, En-Suite to Master and a further Family bathroom.
The property benefits from uPVC double glazing and electric heating. EPC rating: B.
Communal Entrance The property is entered via a secure intercom system to the ground floor with stairs to the second floor where the property can be found.
Entrance Hall With built in storage cupboard and airing cupboard. Open Plan Living Space With window to the side and rear elevation with wall mounted panel heater and kitchen area with breakfast bar.
Kitchen Area Base and eye level units with worktop, tiled splashback, stainless steel sink and built in electric oven, hob with extractor and integrated fridge freezer and washer dryer.
Bedroom One With window to the rear elevation, panel heater and door to the en suite. En-Suite With corner shower, pedestal wash basin, low level we and electric towel rail and heater.
Bedroom Two With window to the front elevation and panel heater.
Bathroom With window to the front elevation, heated towel rail and heater, paneled bath with mixer shower attachment, low level we and wash basin.
Agents 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
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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
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FAQ
About 23, Riverside Drive, Lincoln
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