Walmer Street, Lincoln
- PROPERTY TYPE
Terraced
- BEDROOMS
2
- BATHROOMS
2
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Attractive Investment Opportunity
- Fully Let – Approx. £13,500 Annual Income
- Approx. 9% Rental Yield
- Two Self-Contained Flats
- Long-Term Tenants in Place
- Walking Distance to Lincoln City Centre
- Close to Lincoln College, Hospital & Arboretum
- Private Rear Garden to Ground Floor Flat
- EPC Energy Rating - Ground Floor - D and First Floor - C
- Council Tax Band - A (Lincoln City Council)
Description
A ready-made investment opportunity situated on Walmer Street, just off Monks Road in Lincoln, within walking distance of the city centre, Lincoln College, the hospital and the Arboretum.
This mid-terraced property has been converted into two self-contained flats, both of which are currently let to long-term tenants on ongoing tenancies, generating a combined annual income of approximately £13,500 - offering an attractive yield of around 9%.
The ground floor flat benefits from its own private entrance, a kitchen, living/dining area, double bedroom, bathroom and direct access to a private rear garden. The first floor flat also has a private entrance, with stairs leading to a well-presented kitchen and living area, double bedroom and bathroom.
This is a strong addition to any buy-to-let portfolio with immediate income and established tenants in place.
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 Bishop Grosseteste University.
SERVICES All mains services available
Gas fired central heating
ENTRANCE
KITCHEN 7' 7" x 6' 9" (2.31m x 2.06m)
LOUNGE/DINER 12' 4" x 11' 6" (3.76m x 3.51m)
BEDROOM 11' 6" x 11' 6" (3.51m x 3.51m)
BATHROOM 6' 9" x 5' 3" (2.06m x 1.6m)
TOP FLAT
ENTRANCE
KITCHEN AND LIVING 14' 8" x 12' 7" (4.47m x 3.84m)
BEDROOM 11' 6" x 11' 6" (3.51m x 3.51m)
BATHROOM 7' 8" x 6' 9" (2.34m x 2.06m)
Brochures
2 PAGE BROCHURE- 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.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Walmer Street, Lincoln
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Visit our security centre to find out moreDisclaimer - Property reference 102125033951. 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 Mundys, 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.
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