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See how verdicts work2-bedroom flat · LN5 7WA
For saleReduced £5k (−5.3%) on 20 OctListed 266 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A First Floor Two Bedroom Apartment located within the heart of the Historic Cathedral and University City of Lincoln. The Apartment Block has a communal Entrance Area with lift to all floors.
The internal accommodation of the Apartment comprises of an Entrance Hall, Lounge, modern Kitchen, two Bedrooms and a Shower Room.
The property has recently undergone a programme of improvements and viewing is highly recommended. No chain.
A First Floor Two Bedroom Apartment located within the heart of the Historic Cathedral and University City of Lincoln. The Apartment Block has a communal Entrance Area with lift to all floors.
The internal accommodation of the Apartment comprises of an Entrance Hall, Lounge, modern Kitchen, two Bedrooms and a Shower Room.
The property has recently undergone a programme of improvements and viewing is highly recommended. No chain.
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 - 999 Years. Years Remaining on Lease - 973 Years.
Annual Ground Rent - £tbc Ground Rent Reviewed - Annually in tbc Annual Service Charge Amount - £tbc Service Charge Reviewed - Annually in tbc All figures should be checked with the Vendor/Solicitor prior to Exchange of Contracts and completion of the sale.
Communal entrance With intercom entry system, postal boxes and lift and stairs to all floors. Entrance hall With intercom unit, electric heater and airing cupboard.
Lounge 12' 0" x 9' 8" (3.68m x 2.95m) With two double glazed windows, laminate flooring and electric heater.
Kitchen 7' 0" x 6' 6" (2.15m x 2.00m) Fitted with a range of wall and base units with work surfaces over, stainless steel sink with side drainer and mixer tap over, electric oven and hob, spaces for fridge and washing machine, tiled flooring and splashbacks.
Bedroom 1 12' 2" x 9' 6" (3.71m x 2.90m) With double glazed window, laminate flooring and electric heater.
Bedroom 2 9' 2" x 6' 9" (2.81m x 2.06m) With double glazed window, laminate flooring and electric heater.
Shower room Fitted with a three piece suite comprising of shower cubicle, close coupled WC, wash hand basin in a vanity style unit, chrome towel radiator, tiled flooring and splashbacks.
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
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FAQ
About 12 Grantavon House, Brayford Wharf East, Lincoln
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