2-bedroom flat · LN1 2YF
For saleListed 13 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
£120,000 Represents 75% Share! A well-presented ground floor retirement apartment located close to the centre of the ever popular village of Saxilby.
The apartment is available on a shared ownership basis for the over 55s in association with lace housing.
The well presented internal living accommodation briefly comprises of Communal Entrance Hall, Private Entrance Hall with intercom, flexible Open Plan Living/Dining and fitted Kitchen Area, Two Bedrooms and Shower Room.
The apartment further benefits from gas central heating and UPVC double glazing. Outside there are well maintained communal gardens and a parking area.
Viewing of the property is highly recommended to appreciate the position within the village. £120,000 Represents 75% Share!
A well-presented ground floor retirement apartment located close to the centre of the ever popular village of Saxilby.
The apartment is available on a shared ownership basis for the over 55s in association with lace housing.
The well presented internal living accommodation briefly comprises of Communal Entrance Hall, Private Entrance Hall with intercom, flexible Open Plan Living/Dining and fitted Kitchen Area, Two Bedrooms and Shower Room.
The apartment further benefits from gas central heating and UPVC double glazing. Outside there are well maintained communal gardens and a parking area.
Viewing of the property is highly recommended to appreciate the position within the village. Location Saxilby is a medium sized village to the West of Lincoln.
The village offers a wide range of local amenities including schools, shop, public houses and train station. There are regular bus and train services in and out of Lincoln.
Communal entrance hall With stairs rising to the first floor.
Entrance hall With main entrance door, coving to ceiling, intercom system and a built-in storage cupboard with shelving and gas central heating boiler.
Open plan living/dining & kitchen area living/dining area 15' 10" max into alcove x 13' 5" (4.83m x 4.09m) With UPVC French door to the side elevation leading to a small patio/seating area, UPVC window to the rear elevation, TV Ariel and Telephone points and coving to ceiling.
Kitchen area 9' 2" x 8' 5" (2.79m x 2.57m) Fitted with a range of wall, base units and drawers with work surfaces over, part tiled surround, fitted oven and hob, extractor hood, sink unit and drainer, washer/dryer, fridge freezer and microwave.
Bedroom 1 11' 10" x 10' 10" (3.61m x 3.3m) With UPVC window to the rear elevation, radiator, coving to ceiling, TV point, fitted wardrobes and door leading to the shower room.
Bedroom 2 10' 10 " x 8' 2" (3.3m x 2.49m) With UPVC window to the front elevation, radiator and telephone point.
Shower room 10' 10" x 7' 3" (3.3m x 2.21m) With large shower cubicle, radiator, WC, wash hand basin, extractor fan, part tiled surround and UPVC window.
Outside There are well maintained communal gardens with a seating area, mobility scooter store, bin store and communal car park.
Leasehold information Length of Lease - 125 starting from April 2015 and the Shared ownership percentage is 75% with lace retaining 25%.
Years Remaining on Lease - 113 Annual Service Charge Amount - £1,633.68 (Monthly Service Charge – £136.14) All figures should be checked with the Vendor/Solicitor prior to Exchange of Contracts and completion of the sale.
Services All mains services available. Gas central heating. For the over 55s Mobility scooter store Communal Car Park Communal Central TV antenna distribution system.
Value & comps
No previous sales on record.
Returns
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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.
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