1-bedroom flat · LN5 7NZ
Let agreedListed 14 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
LOCATION Riverside Drive is situated close to Lincoln City Centre, with the property positioned within easy reach of the High Street, Brayford Waterfront and the range of shops, cafés, restaurants and leisure facilities available throughout the City.
The University of Lincoln and Lincoln Railway Station are also within convenient reach, with regular bus services providing further access across the City.
The nearby A15 and A57 provide connections towards the wider Lincolnshire road network.
ACCOMMODATION This modern Ground Floor Apartment is situated in a tucked-away setting within close proximity to Lincoln City Centre.
The apartment has a spacious Open Plan Living, Kitchen and Dining Area, with Integrated Appliances and a Juliet Balcony providing plenty of natural light.
There is a Double Bedroom with Fitted Wardrobes and a Bathroom, with the Entrance Hall providing access to the accommodation. The property is offered Part Furnished and a viewing should be arranged.
OUTSIDE The property benefits from an Allocated Parking Space situated to the front of the building.
RENT AND DEPOSIT The asking Rent for the property is £800.00 per calendar month and the Tenancy Deposit is £920.00 (equal to 5 weeks' rent). The Holding Deposit for this property is £180.00.
ASSURED PERIODIC TENANCY The property will be let on an assured periodic tenancy (rolling monthly). The landlord is seeking a tenant for longer-term occupation.
ADDITIONAL FEES There are no application fees payable. You will be required to pay a Holding Deposit equal to one weeks rent to secure the property.
More information on charges to Tenants can be found on our website - VIEWINGS By prior appointment through Mundys.
AGENTS NOTE Please note that the utility charge for water only will be payable to the Agent/Landlord based on usage.
THE RENTERS RIGHTS ACT 2025 New legislation was implemented in May 2026 and affects existing and new tenancies. More information on the changes is available at:
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Riverside Drive, Lincoln
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