2-bedroom flat · LN6 7BA
Listing removedListed 139 days
Opportunity summary
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About
A two bedroom ground floor apartment, offered for sale with no onward chain and presenting an excellent opportunity for buyers seeking a refurbishment project.
Having previously been a rental property, the apartment now requires a programme of modernisation throughout, allowing the next owner to renovate and personalise the accommodation to their own specification.
Positioned within a popular residential location, the property benefits from its own rear garden and well-proportioned rooms throughout.
A two bedroom ground floor apartment, offered for sale with no onward chain and presenting an excellent opportunity for buyers seeking a refurbishment project.
Having previously been a rental property, the apartment now requires a programme of modernisation throughout, allowing the next owner to renovate and personalise the accommodation to their own specification.
Positioned within a popular residential location, the property benefits from its own rear garden and well-proportioned rooms throughout.
The accommodation comprises of an entrance hall, lounge with direct access to the rear garden, kitchen, two double bedrooms and a bathroom.
Outside, the property is set back from the road behind a lawned front garden and further benefits from an enclosed rear garden, predominantly laid to lawn.
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.
Entrance hall Accessed via a frosted UPVC entrance door, with flooring, built in storage cupboard and access to all rooms.
Lounge 11' 10" x 10' 5" (3.61m x 3.18m) A rear facing reception room with UPVC door leading directly to the rear garden, accompanied by side windows allowing plenty of natural light.
Featuring a gas fire and offering space for both living and dining furniture.
Kitchen 7' 3" x 6' (2.21m x 1.83m) Fitted with a range of wall and base units with work surfaces over, incorporating a stainless steel sink with drainer and mixer tap.
With spaces for a cooker, washing machine and fridge, together with a UPVC double glazed window.
Bedroom 1 12 max' x 10' 4" (3.66m x 3.15m) A double bedroom with UPVC double glazed window to the front aspect and electric radiator.
Bedroom 2 9' 4" x 8' 4" (2.84m x 2.54m) A further double bedroom with UPVC double glazed window to the front aspect and radiator.
Bathroom Fitted with a three piece suite comprising bath with electric shower over, wash hand basin and WC. With tiled splashbacks, lino flooring and a frosted UPVC double glazed window.
Outside To the front, the property is set back from the road behind a lawned garden, creating a pleasant approach.
To the rear, there is an enclosed garden laid predominantly to lawn, providing excellent potential for landscaping and outdoor seating areas.
Leasehold information Length of Lease - 125 years from 1 January 1990 Years Remaining on Lease - 88 Years Annual Ground Rent - £tbc Ground Rent Reviewed - tbc Annual Service Charge Amount - £240 Service Charge Reviewed - Annually in January All figures should be checked with the Vendor/Solicitor prior to Exchange of Contracts and completion of the sale.
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
Agent & docs
FAQ
About 2, Glenwood Grove, Lincoln
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