2-bedroom flat · LN2 1JB
Listing removedReduced £20k (−9.1%) on 6 FebListed 315 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This stunning executive penthouse apartment is ideally located in the heart of the City Centre, offering easy access to a variety of local shops, amenities, and just a short walk to Lincoln Train Station, the charming Bailgate area, and the historic Cathedral Quarter.
The property is to be sold with No Onward Chain. The spacious top floor apartment is finished to a high standard throughout.
It also features beautiful views of Lincoln Cathedral via an executive private balcony.
The layout includes an Entrance Hallway leading to a light and spacious Lounge and Dining Area, a stylish Modern Kitchen, a sleek Bathroom, and two spacious Bedrooms.
The main Bedroom benefits from an En-Suite Shower Room. The property further offers secure, gated allocated parking, adding to the convenience and appeal.
Lincoln, a city steeped in history, offers a wealth of attractions, including the famous High Street shops, department stores, banking facilities, a multiplex cinema, a Marina, and an Art Gallery.
The picturesque Steep Hill leads up to the Uphill area, with the Bailgate offering an array of quaint boutiques, bistros, as well as the renowned Castle, Cathedral, and Bishop Grosseteste University.
Viewing is highly recommended to fully appreciate the exceptional living space on offer.
Agent's Note: We have been advised by the vendor that the property is currently let on an AST; However, the property will be sold with vacant possession.
The buyer will need to confirm with their solicitor regarding vacant possession and dates. The Ground Rent & Service Charge is approx £2619 annually.
Entrance Hall Kitchen/Lounge/Dining Room 7.67m x 4.06m - 25'2” x 13'4” Bathroom 2.5m x 1.95m - 8'2” x 6'5” Bedroom 1 4.79m x 4.33m - 15'9” x 14'2” En-Suite 3.06m x 1.18m - 10'0” x 3'10” Bedroom 2 4.7m x 3.43m - 15'5” x 11'3” Balcony 6.05m x 2.53m - 19'10” x 8'4”
Value & comps
No previous sales on record.
Returns
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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.
Area
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FAQ
About 7, Museum Court, Lincoln
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