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See how verdicts work1-bedroom flat · LN1 3ES
Listing removedListed 312 days
Opportunity summary
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About
A beautiful one bedroomed first floor apartment ideally positioned within the McCarthy & Stone Retirement development of Avalon Court on Newport in the Uphill Area of Lincoln.
The apartment benefits from fantastic views of Lincoln Cathedral from all windows, being within close proximity to the Bailgate and also with easy access into the City Centre.
The property has living accommodation comprising of Hall, Lounge/Diner, Sitting Area, Kitchen, Double Bedroom with fitted wardrobes and Shower Room. There are also well kept communal gardens.
No onward chain. A beautiful one bedroomed first floor apartment ideally positioned within the McCarthy & Stone Retirement development of Avalon Court on Newport in the Uphill Area of Lincoln.
The apartment benefits from fantastic views of Lincoln Cathedral from all windows, being within close proximity to the Bailgate and also with easy access into the City Centre.
The property has living accommodation comprising of Hall, Lounge/Diner, Sitting Area, Kitchen, Double Bedroom with fitted wardrobes and Shower Room. There are also 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. Hall With door to the Communal Hallway, intercom system and storage cupboard.
Lounge/diner 17' 5" x 10' 6" (5.31m x 3.22m) With double glazed Juliet balcony with views of Lincoln Cathedral, electric fire with decorative surround and electric radiator.
Sitting area 8' 2" x 5' 1" (2.50m x 1.55m) A useful and versatile area with double glazed window and electric radiator.
Kitchen 7' 5" x 6' 11" (2.28m x 2.13m) Fitted with a range of wall and base units with work surfaces over, stainless steel sink with side drainer and mixer tap over, integrated fridge and freezer, eye level electric oven, electric hob with extractor fan, tiled splashbacks and floor and double glazed window with views of Lincoln Cathedral.
Bedroom 1 14' 3" x 9' 0" (4.35m x 2.75m) With double glazed window with views of Lincoln Cathedral, electric radiator and a fitted wardrobe.
Shower room 6' 11" x 5' 6" (2.13m x 1.69m) Fitted with a three piece suite comprising of shower cubicle, close coupled WC and wash hand basin in a vanity style unit, towel radiator, tiled walls and flooring.
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 - 125 Years from and including 1st June 2010 Years Remaining on Lease - 109 Annual Service Charge Amount - £tbc All figures should be checked with the Vendor/Solicitor prior to Exchange of Contracts and completion of the sale.
Services Mains electricity, water and drainage. Electric Storage Heating.
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.
Area
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FAQ
About 14, Avalon Court, Newport, Lincoln
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