We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · LN3 4RH
Listing removedReduced £10k (−8.7%) on 6 FebListed 357 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located on Allenby Close in Lincoln, this 2-bedroom ground floor flat offers a fantastic opportunity for first-time buyers and investors alike.
The property features a spacious open-plan living area combining the lounge and kitchen, providing a comfortable and practical space for modern living.
There are two well-proportioned bedrooms, with the master bedroom benefiting from its own shower en-suite, along with a main family bathroom.
Offered with no onward chain, this property represents an excellent low-maintenance home or investment in a popular and convenient area of Lincoln. EPC rating: B.
Kitchen / Living Area (6.23m x 3.54m (20'5" x 11'7")) A bright and sociable space combining the living and kitchen area, ideal for relaxing or entertaining.
The kitchen area includes fitted wall and base units and integrated appliances. Bedroom One (2.51m x 4.46m (8'3" x 14'8")) A good-sized double bedroom benefitting from a private shower en-suite.
En-Suite Fitted with a shower cubicle, hand wash basin, and WC.
Bedroom Two (2.41m x 3.37m (7'11" x 11'1")) A comfortable single or small double bedroom, ideal as a guest room, home office, or dressing room.
Family Bathroom Comprising a three-piece suite with panelled bath, WC, and wash basin. Agents Notes These particulars are for guidance only.
Lovelle Estate Agency, their clients and any joint agents give notice that:- They have no authority to give or make representation/warranties regarding the property, or comment on the services, tenure and right of way of any property.
These particulars do not form part of any contract and must not be relied upon as statements or representation of fact. All measurements/areas are approximate.
The particulars including photographs and plans are for guidance only and are not necessarily comprehensive.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisers 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
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FAQ
About 32, Allenby Close, Lincoln
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