Newark Road, Lincoln
- PROPERTY TYPE
Terraced
- BEDROOMS
3
- 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
- Two Self Contained Flats
- Currently let to long-term tenants
- Three-storey mid-terraced property
- Council Tax Band - A (Lincoln City Council)
- Ground Floor Flat EPC Energy Rating - D
- First Floor Flat EPC Energy Rating - To Follow
Description
An excellent investment opportunity located on Newark Road, just south of Lincoln city centre, within easy walking distance of the High Street, train station, South Common and a range of local amenities.
This spacious three-storey mid-terraced property has been converted into two self-contained flats, both currently let to long-term tenants, generating an annual income of approximately £12,840 and offering a yield of around 7.78%.
The ground floor flat features its own entrance, a double bedroom, living area, kitchen, bathroom and access to a private rear garden. The first-floor flat is a well-proportioned duplex, arranged over two floors and includes a kitchen diner, lounge, bathroom and two bedrooms on the top floor.
There is further potential to enhance the investment - neighbouring properties show precedent for conversion into three flats (subject to the relevant planning consents), which could increase the rental income and future returns.
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 central heating.
GROUND FLOOR FLAT
BEDROOM 11' 10" x 93' (3.61m x 28.35m)
LOUNGE DINER 11' 10" x 11' 10" (3.61m x 3.61m)
KITCHEN 18' 6" x 7' 2" (5.64m x 2.18m)
BATHROOM 7' 2" x 6' 5" (2.18m x 1.96m)
FIRST FLOOR FLAT
KITCHEN 15' 1" x 11' 10" (4.6m x 3.61m)
LOUNGE 15' 1" x 11' 11" (4.6m x 3.63m)
BATHROOM 11' 5" x 7' 1" (3.48m x 2.16m)
FIRST FLOOR LANDING
BEDROOM 1 15' 9" x 14' 0" (4.8m x 4.27m)
BEDROOM 2 14' 1" x 7' 7" (4.29m x 2.31m)
Brochures
4 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.
- Ask agent
- 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
Newark Road, Lincoln
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Visit our security centre to find out moreDisclaimer - Property reference 102125033952. 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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