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See how verdicts work2-bedroom flat · LN5 7PB
For saleListed 3 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For Sale with No Chain Situated on Riverside Drive which is a short distance of Lincoln City Centre, the University of Lincoln, local amenities, and transport links.
This is a well-presented two-bedroom first floor apartment which offers spacious accommodation.
The accommodation comprises an entrance hallway with secure intercom entry system, a bright and spacious lounge providing ample space for both living and dining furniture, a fitted kitchen, and two generously sized double bedrooms.
The principal bedroom benefits from a built-in wardrobe, offering useful storage space. Completing the accommodation is a bathroom fitted with a shower.
Externally, the property benefits from an allocated parking space and well-maintained communal areas.
This apartment would make an ideal first-time purchase, investment opportunity, or low-maintenance home for professionals and downsizers alike.
Description - For Sale with No Chain Situated on Riverside Drive which is a short distance of Lincoln City Centre, the University of Lincoln, local amenities, and transport links.
This is a well-presented two-bedroom first floor apartment which offers spacious accommodation.
The accommodation comprises an entrance hallway with secure intercom entry system, a bright and spacious lounge providing ample space for both living and dining furniture, a fitted kitchen, and two generously sized double bedrooms.
The principal bedroom benefits from a built-in wardrobe, offering useful storage space. Completing the accommodation is a bathroom fitted with a shower.
Externally, the property benefits from an allocated parking space and well-maintained communal areas.
This apartment would make an ideal first-time purchase, investment opportunity, or low-maintenance home for professionals and downsizers alike.
Freehold - Leasehold Council Tax Band - A EPC - C Hallway Entrance - 1.81 x 3.48 (5'11" x 11'5") - Wooden flooring with electric heater, loft access, intercom, cupboard and thermostat.
Lounge - 4.61 x 3.64 (15'1" x 11'11") - Wood flooring with electric heater and double window.
Kitchen - 3.56 x 2.31 (11'8" x 7'6") - Lino flooring with electric oven and hob, space for washing machine, integrated fridge freezer and extractor fan.
Master Bedroom - 3.72 x 3.28 (12'2" x 10'9") - Carpet flooring with built in wardrobe, electric heater and window.
Bedroom 2 - 3.53 x 3.03 (11'6" x 9'11") - Carpet flooring, window and electric heater.
Bathroom - 2.06 x 1.69 (6'9" x 5'6") - Lino flooring with three piece suite including bath, toilet, sink and shower. Extractor fan and wall mounted electric radiator.
Leasehold Information - Lease Term - 125 Years from 29th September 2005 (104 years remaining) Leasehold Rent £317.53 payable annually and reviewed every 10 years Annual Service Charge - £1,768.00 payable quarterly £442.00 which includes the quarterly reserve fund of £49.18 (subject to annual review) This information has been provided by the block management company.
We would still encourage purchasers to satisfy themselves in this respect.
Fixtures And 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 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
FAQ
About Riverside Drive, Anchor Quay
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