2-bedroom flat · LN4 1RQ
Listing removedListed 121 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
LOCATION Mill Lane is situated within the popular village of Heighington, located to the south east of Lincoln.
The village offers a range of local amenities including a Co-op Food store, convenience shops, public houses, takeaway outlets, a village hall and well regarded schooling.
The property is conveniently positioned for access to Lincoln City Centre, Lincoln County Hospital and the A15 road network, whilst regular bus services provide links to the city and surrounding villages.
Heighington also benefits from nearby countryside walks and a well established village community.
ACCOMMODATION Having recently been redecorated throughout, this well presented apartment is available now and ready for immediate occupation.
The internal accommodation briefly comprises of an Entrance Hall providing access to Two Double Bedrooms, Family Bathroom, Kitchen Diner and a spacious Lounge.
The property offers well proportioned accommodation throughout and is ideally situated within this popular village location.
OUTSIDE The property benefits from an allocated parking space to the front of the apartment building.
RENT AND DEPOSIT The asking Rent for the property is £850.00 per calendar month and the Tenancy Deposit is £980.00 (equal to 5 weeks' rent). The Holding Deposit for this property is £195.00.
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; VIEWING 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
Agent & docs
FAQ
About Mill Lane, Heighington, Lincoln
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