6-bedroom flat · LN5 8AA
SoldListed 273 days
Opportunity summary
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About
Detailed Description A well located development opportunity with full planning permission to convert and extend the existing building into five apartments and a retail unit.
As per the enclosed plans the ground floor will comprise a retail unit with shop frontage, a one bed self contained apartment and the ground floor of a newly built 1 bed maisonette.
The first floor will offer two x 1 bed apartments and the first floor of the maisonette. The second floor will offer a two bedroom apartment with a lounge, separate kitchen and shower room.
Location From South Park roundabout proceed North on the High Street and the property can be found on your left hand side just before Boultham Avenue.
Other REGISTER TO BID To register to bid please click or copy and paste this link into your browser.
LEGAL PACK To register to view the legal pack please click or copy and paste this link into your browser Town & County Planning The property was granted full planning permission under application number 2023/0609/FUL by Lincoln City Council on the 28th May 2024 for the erection of a part three, part two/single storey rear extension to facilitate the creation of 5 no.
Flats. Retention of retail unit at ground floor. (Revised) Tenure & Possession Freehold with vacant possession upon completion. Viewing Strictly by appointment with the Auctioneers.
Tel: Completion Date This lot will be sold with a 10% deposit and up to 8 weeks for completion.
Auction Bidder Identity Check Prior to bidding on any auction lots we are required to verify the identity of the bidder to comply with The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulation 2017.
We also need to complete the remote bidding registration process as this will be a live stream event only.
Please contact us on or Solicitors Jacob Odam Bridge McFarland LLP Sibthorp House 351-355 High Street Lincoln LN5 7BN Agent James Mulhall
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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
Agent & docs
FAQ
About 77, High Street, Lincoln, Lincolnshire, LN5 8AA
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