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Portland Street, Lincoln, Lincolnshire, LN5

32PortlandFP
1

Key features

  • 4 Modern Apartments
  • Currently Achieving £59,325, with pre lets agreed for next year
  • Over 11.8% Yield
  • Ready Made Investment
  • City Centre Location
  • Council Tax Bands - A
  • EPC Ratings Flats 1-3 - E
  • EPC Rating Flat 4 - D

Description

READY MADE INVESTMENT ACHIEVING £59,325 ANNUALLY

Pygott & Crone are delighted to offer for sale this spacious home split into 4 flats located in a superb central location close to the City Centre.

The property itself is split into 4 Apartments which are currently let and the Owner has advised us it is achieving the following annual income: Flat 1 - £11,750, Flat 2 - £20,145, Flat 3 - £15,700, Flat 4 - £11,730. This equates to a gross income of £59,325 annually. The home makes the ideal investment whilst also offering an abundance of modern features throughout.

To avoid missing out please contact Pygott and Crone Today on .

Agent's Note: Flat 2 has been granted C4 Change of use, which allows the flat to be rented out to 3 individual tenants, allowing for a higher income. 

We have been advised by the vendor that the property is currently let and the property is to be sold with tenants in situ. The property is fully let for 2025/26 as well. The buyer will need to confirm with their solicitor.

Flat 1

Hall

Kitchenette

Study

Dressing/Laundry Area

Shower Room

Further Hall

Lounge

Bedroom

En-Suite Shower Room

Entrance Hall

Kitchen

Flat 2 Bedroom

Flat 2 En-Suite Shower Room

Flat 3

Stairs Up To First Floor

Lobby

Flat 3 Lounge

Flat 3 Kitchen

Flat 3 WC

Bedroom 1

Bedroom 2

Bedroom 3

Stairs Up To Second Floor

Flat 4

Hallway

Flat 4 Kitchen

Flat 4 Bedroom

Flat 4 Bathroom

COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Ask agent
GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Portland Street, Lincoln, Lincolnshire, LN5

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About Pygott & Crone, Lincoln

36a Silver Street Lincoln Lincolnshire, LN2 1EW

Pygott and Crone have been established since 1991, originally founded with one office in Sleaford, the company now covers the whole of Lincolnshire, more recently expanding into Nottinghamshire and working throughout the UK within certain specialist departments.

The company is a mixed practice covering Residential Sales, Financial Services, Auction, Residential and Commercial Letting, Commercial and Professional valuation, Surveying, Land and New Homes. Our specialist teams are happy to provide advice on all property matters.

The company firmly believes it is important to provide a balance between personal service through our High Street offices combined with excellent technology to allow all customers to engage our services the most suitable way for any individual. We offer a 24/7 service to all our clients.

The company is also members of the Land and New Homes Network which enables us to provide very bespoke services to developers and landowners, again we have a dedicated New Homes Specialist for each area ensuring we provide excellent advice.

The mortgage market is an ever-changing world and having our own in-house mortgage team really helps us advise clients on the most suitable mortgage for their individual circumstances; being part of Mortgage Advice Bureau ensures we have a wide range of products to consider, currently with over 12,000 different products from over 95 lenders.

Finally, and most importantly, we are very involved in our communities, the company firmly believes in supporting Charities, Schools and Sports and are proud to be involved with many local organisations.

Your mortgage

Per year
Lender usually expects a 10% deposit
%
Choose between 1 and 40 years
Years
%
Monthly repayments
£2,326
We think you can borrow up to
Add your household income above
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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Disclaimer - Property reference 10639148. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pygott & Crone, Lincoln. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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