Exceptional & Versatile Investment Opportunity – Two Self-Contained Flats – Rasen Lane, Lincoln

A genuinely exciting opportunity to acquire a versatile property currently arranged as two self-contained one-bedroom apartments, offering multiple options for the next owner. Whether you're a first-time buyer looking to generate an income, a first-time landlord, or an experienced investor seeking your next project, this property deserves your attention.

Located in a popular and established area of Lincoln on Rasen Lane, between Newport and Burton Road, the property occupies an excellent position for access to the city, local amenities and the many attractions Lincoln has to offer.

Currently configured as two self-contained residential units, the property provides the opportunity to generate rental income from two separate apartments. However, it is the flexibility of the property that makes this such an interesting proposition.

Subject to the necessary planning permission and consents, there may be potential to reconfigure the property into a single family home, providing an alternative route for a purchaser looking for a substantial and adaptable home.

For an investor, the property could continue to operate as two separate rental units, potentially providing two income streams from one property. Alternatively, an owner-occupier could live in one apartment and rent the other, creating a useful rental income while retaining a home of their own.

Ground Floor Apartment

The ground floor accommodation comprises a generous lounge, separate kitchen, double bedroom and bathroom. The apartment also benefits from direct access to a private outside courtyard, together with a particularly useful large brick-built storage building.

First Floor Apartment

The first floor apartment comprises a lounge, kitchen, bedroom and bathroom, with the added benefit of a loft room accessed directly from the lounge.

The additional loft space provides valuable versatility and could be used for a variety of purposes, subject to any required permissions and regulations.

Outside

Externally, the property benefits from a private courtyard to the ground floor, substantial brick-built storage and a garage with a dropped kerb, providing useful off-road parking and additional storage.

Why This Property?

What makes this property particularly appealing is the number of options it offers.

For the investor: retain the existing arrangement and benefit from two self-contained rental properties.

For the owner-occupier: live in one apartment whilst generating rental income from the other.

For the first-time buyer: an opportunity to purchase a property with the potential for an additional income stream.

For the experienced investor: a flexible property with scope to improve, reconfigure or potentially convert back into a single dwelling, subject to planning and the necessary consents.

The property is situated in a popular Lincoln location, with Rasen Lane providing convenient access between the Newport area and Burton Road. Lincoln city centre, local shops, schools, transport links and a wide range of amenities are all within easy reach.

This is not simply a property with two flats — it is a property with options. The combination of two self-contained units, outside space, garage, storage and potential for alternative use makes this an opportunity that should appeal to a broad range of purchasers.

Whether your goal is to build a rental portfolio, generate an income from your home, undertake a project or create a family home, this property provides an excellent platform from which to do so.

Properties offering this level of flexibility are rarely available, and we strongly recommend an early internal inspection to appreciate the accommodation, potential and opportunities this property presents.

Key Features

• Two self-contained one-bedroom apartments
• Excellent investment opportunity
• Potential for two rental income streams
• Ideal for first-time buyers and landlords
• Potential for an owner-occupier to live in one and rent the other
• Potential to convert to a single family home, subject to planning
• Ground floor apartment with private courtyard
• Large brick-built storage building
• First floor apartment with additional loft room
• Garage and dropped kerb
• Popular and convenient Lincoln location
• Excellent opportunity for experienced/serial investors
• Flexible property with multiple potential uses
• Early viewing highly recommended

EPC rating: E. Tenure: Freehold,