Studio flat · LN1 1PZ
Listing removedListed 103 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
~ Available from: 28th February 2025 ~ Council Tax Band: A ~ Unfurnished ~ Minimum 6-month tenancy ~ Construction: Solid brick ~ Main heating: Electric storage heating ~ Utilities: Mains electric and water ~ Broadband: Ultrafast available ~ Mobile: Mobile coverage available ~ EPC rating D67 For more information on broadband and mobile coverage go to: KITCHEN AREA 5' 11" x 6' 2" (1.82m x 1.89m) With a range of wall and base units, washing machine, four ring electric hob with extractor fan over, built in oven, stainless steel sink and drainer.
Also with santon water heater, entry phone and vinyl flooring. LOUNGE/BEDROOM AREA 12' 5" x 8' 2" (3.8m x 2.5m) With window and skylight to the front elevation, storage heater and laminate flooring.
SHOWER ROOM 5' 4" x 5' 8" (1.65m x 1.74m) With window to the side elevation, shower cubicle with electric shower, pedestal wash hand basin, WC, bathroom cabinet, storage heater, extractor fan, and vinyl flooring.
At King & Co, we strive to ensure all our fees are transparent and we proudly publish them openly so there are no hidden charges or surprises.
All charges shown below, again to aid transparency, are inclusive of VAT. Before you move in A formal application with supplementary documentation will be required for all rental properties.
The first month's rent and deposit of 5 weeks rent are due in full upon or prior to signing the tenancy agreement.
This payment must be by cash or online payment, however, the funds must be in our account for keys to be released.
During your tenancy As well as paying the rent, you may also be required to make the following permitted payments.
Permitted Payments Payment of £50 inc VAT if you want to change the signed tenancy agreement - examples of this are permission for an additional person to occupy the property, permission for a pet in the property , decoration.
The payment for a new key / security device to the property. A charge of £15 per hour may be charged in exceptional circumstances.
Payment of any unpaid rent or any other reasonable costs associated with your early termination of the tenancy such as the landlords reletting costs (costs are displayed on our website).
During the Tenancy (payable to the provider) if permitted and applicable - Utilities - Gas, Electricity, Water, Oil, Green Deal Payments - Communications - Telephone and Broadband - Installation of cable/satellite - Subscription to cable/satellite supplier - Television License - Council Tax Other Permitted Payments Any other permitted payments, not included above, under the relevant legislation scheme including contractual damages - examples of which include the payment to a contractor if you fail to attend a confirmed appointment, damages caused to the property due to the negligence of the tenancy for such items as blocked drains (eg.
nappies flushed down the w.c).
Rental payments overdue by more than 14 days will be subject to interest at the rate of 3% over the Bank of England Base Rate calculated from the date the payment was due up until the date payment is received.
Tenant Protection King & Co is a member of Client Money Protect, which is a client money protection scheme, and also a member of The Property Ombudsman, which is a redress scheme.
You can find out more details on the agent's website or by contacting the agent directly.
Notes to potential tenants The tenancy is for a period of a minimum of six months unless otherwise previously agreed with the Agent/Landlord. Tenants must be aged 21 years or over.
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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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
Agent & docs
FAQ
About Gresham Street, Lincoln
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