1-bedroom flat · LN2 2GF
For saleListed 23 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description A well positioned One Bedroom Ground floor Apartment situated in this popular retirement development for the Over 55's and located in the Uphill Area of Lincoln.
The property is located just off Nettleham Road with easy access to Lincoln City Centre, Bailgate and Cathedral Quarter.
Internally the property offers well presented living accommodation briefly comprising of Hallway, Lounge with a door giving direct access to the communal gardens, Kitchen, Double Bedroom and a Bathroom.
There is an emergency pull cord system in operation and there are communal areas which briefly comprise of a Residents' Lounge, Guest Suite, Laundry Room and other further facilities.
The complex is accessible for wheelchairs and there is a bus stop approximately 50 yards away from the front entrance. Outside there are well maintained communal gardens and permit parking.
Viewing is highly recommended.
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.
LEASEHOLD INFORMATION Length of Lease - 125 years Remaining Years on Lease - 97 years Ground Rent - £560.94 Per Annum Service Charge - £3,165.34 Per Annum 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 central heating. HALL With intercom system, electric radiator and storage cupboard.
LOUNGE/DINER 20' 2" x 10' 2" (6.17m x 3.10m) With two double glazed windows, door to the communal gardens, wall hung electric fire and two electric radiators.
KITCHEN 7' 4" x 7' 1" (2.26m x 2.17m) Fitted with a range of wall and base units with work surfaces over, ceramic 1 1/2 bowl sink with side drainer and mixer tap over, eye level electric oven, electric hob with extractor fan over, spaces for fridge and freezer, tiled splashbacks and double glazed window.
BEDROOM 13' 6" x 8' 11" (4.13m x 2.73m) With double glazed window, fitted wardrobes and electric radiator.
BATHROOM Fitted with a stylish three piece suite comprising of panelled bath with shower over and glass shower screen, close coupled WC, wash hand basin in a vanity style unit with storage beneath and part tiled walls.
OUTSIDE There are well maintained and pleasant communal gardens. The property benefits from direct access to the gardens.
COMMUNAL AREAS With a secure intercom, residents Lounge Area, Utility/Laundry room, lifts rising to First Floor Landing and giving access to the Inner Hallway.
The complex also benefits from a Guest Suite.
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.
Area
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FAQ
About Cabourne Avenue, Lincoln
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