2-bedroom flat · LN6 0TH
Listing removedReduced £15k (−27.3%) on 21 JunListed 161 days
Opportunity summary
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About
Modern Method Of Auction - T & c's Apply A well-presented first-floor retirement apartment for the over-55s, ideally located within Ferguson House just off Skellingthorpe Road.
The development is conveniently situated close to Hartsholme Country Park and offers excellent access to Lincoln City Centre.
The accommodation briefly comprises an entrance hall, spacious lounge diner, fitted kitchen, two bedrooms, and a shower room.
Residents also benefit from a communal entrance with intercom system, residents' lounge, kitchenette, and lift access to all floors.
Outside, there are attractive and well-maintained communal gardens and grounds. The property is offered for sale with no onward chain, and early viewing is highly recommended.
Ferguson House is positioned to the south of Lincoln and enjoys easy access to a wide range of local amenities, including shops, schools, a post office, and library.
Hartsholme Country Park is nearby, while Lincoln City Centre can be easily reached via Tritton Road or the A46 bypass.
The historic Cathedral City of Lincoln offers an excellent range of high street shops, department stores, banking facilities, a multiplex cinema, marina, and art gallery.
The renowned Steep Hill leads to the popular Uphill and Bailgate areas, known for their independent boutiques, cafés, and bistros, as well as Lincoln Castle, Lincoln Cathedral, and Bishop Grosseteste University.
Services Mains water, drainage and electric. Electric heating.
Length of Lease - 125 years Years Remaining on Lease - 102 (lease end date 1st April 2128) Service Charge Amount - £228.22 Monthly Ground Rent - £150 per annum.
Service Charge and Ground Rent Reviewed - Annually.
Buying Conditions This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the ”Reservation Period”).
Interested parties personal data will be shared with the Auctioneer (iamsold).If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.A Buyer Information Pack is provided.
The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price.
This is considered within calculations for Stamp Duty Land may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Paym Entrance Hall Kitchen 3.42m x 1.97m - 11'3” x 6'6” Lounge Diner 4.87m x 3.45m - 15'12” x 11'4” Bedroom 1 4.32m x 2.97m - 14'2” x 9'9” Bedroom 2/Study 3.18m x 2.38m - 10'5” x 7'10” Shower Room 2.47m x 1.95m - 8'1” x 6'5”
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 Flat 14, Ferguson House, Skellingthorpe Road, Lincoln
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