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
£80,000

Our Summary

  • Great investment opportunity

Description

This one-bedroom flat is a great investment or first-time buyer opportunity located in a quiet residential development just off Cross Street in Lincoln city centre. The property is part of a well-maintained block of 16 flats and offers 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, as well as secure gated access and a spacious allocated car port space. The location is ideal, with a short walk to Lincoln's train station, local schools, and the University, making it perfect for students and teachers alike. With 120 years left on the lease and an annual ground rent and service charge of £1666, this property presents an excellent opportunity for those seeking an affordable property in a convenient location with strong rental prospects.