2-bedroom flat · DN21 2AG
Listing removedListed 92 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are pleased to offer this two bedroom flat situated in a popular area. Accommodation comprises a lounge, kitchen, bathroom and two bedrooms, one with an en suite.
EPC C COUNCIL TAX BAND A All enquiries through Rightmove, On The Market or Lovelle website. EPC rating: C. Entrance The property is entered via a secure door into the communal hallway.
The property is accessed via stairs to the third floor where the property has an individual entrance.
Hallway With electric heater, fitted carpet and doors to two bedrooms, living area, bathroom and storage cupboard housing water tank.
Kitchen Area 3.44m x 2.27m (11'3" x 7'5") Fitted kitchen comprising; wall and base units, electric oven with hob and overhead extractor, stainless steel sink and drainer with mixer tap, space for washing machine and fridge freezer and vinyl flooring.
Lounge Area 4.31m x 3.41m (14'2" x 11'2") Juliet balcony to the front aspect, electric radiator and fitted carpet.
Bedroom One 2.99m x 4.16m (9'10" x 13'8") Juliet balcony to the front, electric radiator and fitted carpet.
Ensuite 1.44m x 1.69m (4'9" x 5'7") Three-piece fitted suite comprising; shower cubicle, low-level WC, hand wash basin, towel radiator, part tiled walls and vinyl flooring.
Bathroom 1.85m x 2.27m (6'1" x 7'5") Three piece suite comprising; bath with shower over, low-level WC, hand wash basin, towel radiator, part tiled walls and vinyl flooring.
TENURE The tenure of this property is Leasehold. SERVICES All mains services are available or connected subject to the statutory regulations.
We have not tested any heating systems, fixtures, appliances or services. LOCAL AUTHORITYThis property falls within the geographical area of West Lindsey Council - .
https//www.west- This property falls within the geographical area of West Lindsey Council - . https// VIEWINGS By appointment with the Sole Agent Lovelle Estate Agency, telephone .
We recommend prior to making an appointment to view, prospective purchasers discuss any particular points likely to affect their interest in the property with one of our property consultants who have seen the property in order that you do not make a wasted journey.
ENERGY PERFORMANCE CERTIFICATE A copy of the full Energy Performance Certificate for this property is available upon request unless exempt.
Advisory Notes - Please be advised if you are considering purchasing a property for Buy To Let purposes, from 1st April 2018 without an EPC rated E or above it will not be possible to issue a new tenancy, or renew an existing tenancy agreement.
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. MATERIAL INFORMATION All information is provided without warranty.
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The information contained is intended to help you decide whether the property is suitable for you.
You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.
MATERIAL INFORMATION Verified Material Information Costs and tenure Tenure: Leasehold Lease length: 979 years remaining (999 years from 2006) Ground rent: £100/year Service charge: £1,850/year Lease restrictions: All detailed in the lease Council tax band: A EPC rating: C The building Other flat, standard construction Accessibility adaptations: Lift access and Level access Services Mains electricity Mains water Mains foul drainage Mains surface water drainage Heating: None Heating features: Double glazing Broadband: FTTC (Fibre to the Cabinet) Mobile coverage: O2 good, Vodafone good, Three good, EE great Parking: Allocated and Communal Not in a controlled parking zone No disabled parking available MATERIAL INFORMATION Risks and restrictions Not a listed building In Gainsborough Britania Works No tree preservation order Title register restrictions (LL295254): - Restriction requiring a certificate from the proprietors of titles LL222881 and LL259323: The register says no transfer or other dealing of this lease (other than creating a new charge) may be registered unless a certificate is signed by the owner(s) of the landlord’s titles (or their secretary, solicitor or managing agent) confirming that the requirements of paragraphs 3.1 and 3.2 of the registered lease have been complied with.
In plain English: you cannot register a sale or similar change without the landlord (or their authorised representative) confirming certain lease conditions have been met — the lease must be checked to see what paragraphs 3.1 and 3.2 require (for example, they often deal with service charge/payment or no breaches).
MATERIAL INFORMATION - Charge-related restriction requiring the written consent of Topaz Finance Limited (the chargee): The register records that no transfer or other dealing by the proprietor of this lease can be registered without a written consent signed by Topaz Finance Limited.
In plain English: the lender named on the registered charge must agree in writing before the lease can be transferred or a new charge registered.
- Restrictive covenant from 1 June 1944 conveyance: The purchasers covenanted not to carry on, or allow to be carried on, the trade or business of a licensed victualler or seller of beer, wines or spirits.
In plain English: the property must not be used as a pub or a place for selling alcohol. This is a negative rule that runs with the land and can be enforced by those entitled under the covenant.
- Entry noting excepted interests arising from breaches of lease restrictions: The register states that any rights or interests created by breaching a prohibition or restriction in the lease
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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 advisors 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
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FAQ
About Marshalls Court, Gainsborough, DN21
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