2-bedroom flat · LN5 7NZ
Sold STCReduced £3k (−2.4%) on 12 JanListed 420 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** no onward chain *** Spacious two bedroom first floor apartment, Perfectly located close to the city centre and within walking distance of a host of amenities.
The apartment comprises Entrance Hall, Lounge Kitchen, Two Double Bedrooms and Family Bathroom. Outside the property there is one allocated parking space. EPC rating: C.
Entrance Hall Doors to all rooms, two storage cupboards and electric radiator. Kitchen Lounge (7.64m x 3.58m (25'1" x 11'9")) Juliet balcony to rear aspect.
Fitted with a range of wall and base units with worktops over, sink with drainer, integrated fridge freezer and washer dryer, single electric oven, four ring electric hob with extractor over and wall mounted electric radiator.
Bedroom One (3.27m x 4.29m (10'9" x 14'1")) Window to rear aspect, fitted wardrobe and electric radiator.
Bedroom Two (2.42m x 4.29m (7'11" x 14'1")) Window to rear aspect fitted wardrove and electric radiator.
Bathroom (2.27m x 2.53m (7'5" x 8'4")) Fitted with panel bath with shower over, wash hand basin, low level WC, extractor and heated towel rail. Outside Allocated parking space for one car.
Lease Detials 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
FAQ
About 191, Riverside Drive, Lincoln
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