1-bedroom flat · LN5 7QJ
Let agreedListed 36 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
LOCATION Princess Street is situated close to Lincoln City Centre, with a range of shops, restaurants, bars and everyday amenities within walking distance.
The property is also conveniently positioned for access to Lincoln's High Street, Brayford Waterfront and the city's transport links, with Lincoln Central Railway Station and the bus station both within easy reach.
ACCOMMODATION This Fully Furnished One Bedroom Apartment is ideally located within walking distance of Lincoln City Centre.
The accommodation provides a spacious Lounge leading through to the fitted Kitchen Diner, with appliances included, while the Double Bedroom benefits from built-in storage.
The Shower Room is accessed from the main accommodation, with the Entrance Hall providing access throughout the apartment.
OUTSIDE The property is located within secured gates and has a small communal yard area. Parking is strictly available during evenings and weekends only and is limited to one car.
Further on-street Parking is available at all times on neighbouring streets.
RENT AND DEPOSIT The asking Rent for the property is £800.00 per calendar month and the Tenancy Deposit is £920.00 (equal to 5 weeks' rent). The Holding Deposit for this property is £180.00.
There is an additional fixed cost of £70.00 Per Calendar Month for Gas and Water. ASSURED PERIODIC TENANCY The property will be let on an assured periodic tenancy (rolling monthly).
The landlord is seeking a tenant for longer-term occupation. ADDITIONAL FEES There are no application fees payable.
You will be required to pay a Holding Deposit equal to one weeks rent to secure the property.
More information on charges to Tenants can be found on our website - VIEWINGS By prior appointment through Mundys.
THE RENTERS RIGHTS ACT 2025 New legislation was implemented in May 2026 and affects existing and new tenancies. More information on the changes is available at:
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.
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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 Princess Street, Lincoln
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