2-bedroom flat · LN5 8AA
Sold STCListed 207 days
Opportunity summary
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About
Ideally situated just off Lincoln's vibrant High Street, within easy walking distance of the City Centre, this beautifully refurbished two bedroom duplex apartment offers stylish and well-presented accommodation.
The property comprises of a first floor landing leading to a comfortable lounge, fitted kitchen, double bedroom and a bathroom.
To the second floor there is a spacious principal bedroom complemented by an en-suite shower room.
The apartment benefits from modernised interiors throughout and is pleasantly positioned within a secure courtyard setting. On street parking is available nearby.
An excellent opportunity for first time buyers or investors alike, early viewing is highly recommended.
LOCATION The historic Cathedral and University City of Lincoln has the usual High Street shops and department stores, plus banking and allied facilities, multiplex cinema, Marina and Art Gallery.
The famous Steep Hill leads to the Uphill area of Lincoln and the Bailgate, with its quaint boutiques and bistros, the Castle, Cathedral and renowned Lincoln Bishop University.
ENTRANCE With staircase to the first floor. FIRST FLOOR LANDING With double glazed window to the front aspect, staircase to the second floor and radiator.
LOUNGE 14' 4" x 13' 6" (4.38m x 4.13m) With double glazed sash window to the rear aspect, entry intercom system and radiator.
KITCHEN 10' 2" x 8' 6" (3.11m x 2.60m) Fitted with a range of wall and base units with work surfaces over, electric oven and hob, spaces for fridge freezer, washing machine and dishwasher, stainless steel sink with side drainer and mixer tap over, spotlights, cupboard housing the gas fired central heating boiler, radiator and double glazed sash window to the front aspect.
BEDROOM 2 11' 3" x 9' 3" (3.43m x 2.83m) With double glazed sash window to the rear aspect and radiator.
BATHROOM Fitted with a three piece suite comprising of panelled bath with shower over and glass shower screen, pedestal wash hand basin and close coupled WC, tiled walls, radiator, spotlights and double glazed window to the front aspect.
SECOND FLOOR LANDING BEDROOM 1 21' 7" x 11' 3" (6.58m x 3.43m) With double glazed windows to the front and rear aspects and two radiators.
EN SUITE SHOWER ROOM Fitted with a three piece suite comprising of shower cubicle, pedestal wash hand basin and close coupled WC, tiled walls, chrome towel radiator and spotlights.
LEASEHOLD INFORMATION Length of Lease - 999 Years Years Remaining on Lease - TBC Annual Ground Rent - £TBC Ground Rent Reviewed - Annually in TBC Annual Service Charge Amount - £TBC Service Charge Reviewed - Annually in TBC Freehold to be equally divided between the leaseholders of the 5 properties once all have been sold All figures should be checked with the Vendor/Solicitor prior to Exchange of Contracts and completion of the sale.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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