Vicarage Court Cross Street, Lincoln... 1 bed flat for sale

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Vicarage Court Cross Street, Lincoln... 1 bed flat for sale

Vicarage Court Cross Street, Lincoln, Lincolnshire, LN5
£85,000

Our Summary

  • Great investment opportunity

Description

This one-bedroom flat is a great investment opportunity or first-time buyer's dream, located in a quiet residential development just off Lincoln city centre. The property is part of a well-maintained block of 16 flats, offering a low-maintenance home with strong rental potential of £650 PCM, providing a 9% gross yield. The flat features an open plan kitchen-living space, double bedroom, and bathroom, with secure gated access and a spacious allocated parking space. With 120 years left on the lease and a reasonable ground rent and service charge of £1666 per annum, this property presents an excellent opportunity for those seeking an affordable property in a convenient location with strong rental prospects.