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See how verdicts work2-bedroom flat · LN6 0TH
Listing removedReduced £15k (−13.6%) on 21 JunListed 357 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Welcome to Flat 8 Ferguson House, Stones Lane, Lincoln on what could be your next home. Please quote Property Reference MH0883 when enquiring about this home. Here's everything you need to know.
Flat 8 Ferguson House is a well presented, 2 bedroom, ground floor flat which is set within a purpose built development to serve the over 55's.
It's set within a wooded location positioned off Stones Lane from Skellingthorpe Road on the south side of the City of Lincoln.
The property is being sold with no onward chain With accommodation briefly comprising of a hallway, lounge which has windows overlooking the front of the development and its own access door allowing direct access into the property if desired, a refitted kitchen which has built in ovens and hob, two bedrooms and a spacious shower room.
In addition to the main accommodation to the flat there is a further communal lounge which has a kitchenette.
Communal Reception The main communal entrance reception services the flats within Ferguson House and has a telephone intercom entry system and a lift and stairs to first floor, communal lounge with the kitchenette mentioned and access to the wooded gardens.
Hallway 10'10" x 9'10" Lounge 14'5" X 11'6" Refitted kitchen 11'6" X 6'3" Bedroom 1 14'1" X 9'10" Bedroom 2 9'10"" X 8'2" Shower room 8'2" X 6'7" outside To the outside of the apartment building is a sweeping tree lined road leading to the allocated parking area with communal parking spaces and access to the main communal reception.
Location Ferguson House is located off Stones Lane off Skellingthorpe Road which has excellent road access from both the A46 bypass and Tritton Road.
It is set within a wooded area and enjoys the communal landscaped gardens whilst being within walking distance of Hartsholme Country Park with its lake and woodland walks.
It also has a wide range of local services and amenities which include a bus route, doctors, shopping precinct, food outlets and sport centres. EPC rating The EPC rating for this home is D.
Council tax The council for this property is Lincoln City Council and the band rating is A which has as expected annual charge of approx £1,507.32 leasehold title Please note that there is a leasehold title on this property.
We are of the understanding that there are 103 years remaining on the current lease which was originally granted in 2003 with 125 years full term, the lease end date being 01/04/2128.
Ground rent and service charge We have been advised that the Ground Rent for the property is £150.00 a year and the Service Charge for this property is £213.38 per month.
Agents note Please be advised that the property details may be subject to change and must not be relied upon as an accurate description of this home.
Although these details are thought to be materially correct, the accuracy cannot be guaranteed, and they do not form part of any contract.
All services and appliances must be considered 'untested' and a buyer should ensure their appointed solicitor collates any relevant information or service/warranty documentation.
Please note, all dimensions are approximate/maximums and should not be relied upon for the purposes of floor coverings.
Anti-money laundering regulations We are required by law to conduct Anti-Money Laundering (aml) checks on all parties involved in the sale or purchase of a property.
We take the responsibility of this seriously in line with hmrc guidance in ensuring the accuracy and continuous monitoring of these checks.
Our partner, Movebutler, will carry out the initial checks on our behalf. They will contact you once your offer has been accepted, to conclude where possible a biometric check with you electronically.
As an applicant, you will be charged a non-refundable fee of £30 (inclusive of VAT) per buyer for these checks. The fee covers data collection, manual checking, and monitoring.
You will need to pay this amount directly to Movebutler and complete all Anti-Money Laundering (aml) checks before your offer can be formally accepted.
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.
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FAQ
About 8, Ferguson House,Flat 8, Skellingthorpe Road, Lincoln
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