2-bedroom flat · LN6 8NJ
Listing removedListed 262 days
Opportunity summary
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About
Investment Opportunity – Modern 2-Bedroom Apartment with Secure Parking An excellent opportunity to acquire a well-presented second-floor apartment in the ever popular North Hykeham area, ideal for investors seeking a low-maintenance property with immediate rental income.
Located within a secure, gated development, this property benefits from allocated parking, modern safety features, and an established tenant already in place.
Description Investment Opportunity – Modern 2-Bedroom Apartment with Secure Parking An excellent opportunity to acquire a well-presented second-floor apartment in the ever popular North Hykeham area, ideal for investors seeking a low-maintenance property with immediate rental income.
Located within a secure, gated development, this property benefits from allocated parking, modern safety features, and an established tenant already in place.
Investment Details This property is available for an investment with tenants in situ on a fixed term AST until September 2026 paying £675pcm.
Leasehold Information Lease Term - 125 years from January 2007 Lease Remaining - 108 Years Ground Rent - N/A Service Charge - £600 per annum Review Period - annually This information has been provided by the vendor and must not be relied upon or taken as accurate.
Purchasers must satisfy themselves in this respect.
Entrance Hall Entrance hall with carpet flooring, radiator, loft hatch access, smoke alarm, pendant lighting, consumer unit and a fire-rated glazed door.
Kitchen / Living Room (5.39 x 3.45 (17'8" x 11'3")) Open Plan Kitchen and Living Room.
Bright and comfortable living space featuring carpet flooring, radiator, ceiling spotlights and a front-facing window.
The Kitchen is fitted with both base and eye-level units, tiled work surfaces, vinyl flooring, ceiling spotlights, wall-mounted thermostat, electric cooker with gas hob and overhead extractor.
The Eco Compact Combi Boiler is neatly housed within a cupboard. Fire-rated self-closing door fitted.
Bedroom (4.46 x 2.11 (14'7" x 6'11")) Double bedroom with carpet flooring, radiator, pendant lighting and front-facing window. Fire-rated self-closing door installed.
Bedroom (4.24 x 2.56 (13'10" x 8'4")) Second well-proportioned bedroom with carpet flooring, radiator, pendant lighting and rear-facing window. Fire-rated self-closing door installed.
Bathroom (2.02 x 1.92 (6'7" x 6'3")) Bathroom suite comprising vinyl flooring, radiator, globe light fitting, Manrose extractor fan, pedestal basin, and a p-shaped bath with mixer taps, mixer shower, and hinged shower screen.
Outside Secure gated parking with 1 allocated parking Space Fixtures & Fittings Please Note : Items described in these particulars are included in the sale, all other items are specifically excluded.
We cannot verify that they are in working order, or fit for their purpose. The buyer is advised to obtain verification from their solicitor or surveyor.
Measurements shown in these particulars are approximate and as room guides only. They must not be relied upon or taken as accurate. Purchasers must satisfy themselves in this respect.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 228, Lincoln Road, North Hykeham
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