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2 bed flat for sale

£664,650

Portland Street, Lincoln LN5

2 1 1
Interested in this property? Call 01522 775218 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Investment Portfolio
  • City Centre Location
  • Currently Rental Income £37,800pa
  • Assured Shorthold Tenancys
  • 120 Year Lease
  • No Chain

Property description

Your Home Investments are pleased to offer for sale a portfolio of 7 x Two Bedroom Flats situated off the popular High Street of Lincoln. Making an ideal investment purchase this properties are currently tenanted and offers investors the opportunity to "hit the floor running" with rent coming in from Day 1. The properties comprise: Entrance hall, lounge, kitchen, 2 bedrooms and bathroom. There is allocated parking with 4 flats. Call Your Home Investments on or call into our offices at 42 Silver Street, Lincoln or email . Call us today discuss your investment requirements. Open 7 days a week. More details of this property are advertised on zoopla and rightmove Call today

Communal Entrance
Secure access via double glazed door to front aspect into communal entrance hall with stairs leading to first floor.

Entrance Hall
Having wooden door to side aspect, intercom entry system and a radiator.

Lounge
Having uPVC double glazed window to side aspect. Radiator, TV & phone points and open plan access into

Kitchen
Having skylight to ceiling. Kitchen having a matching range of base and wall units with worktops over, inset stainless steel sink with mixer tap, integrated candy dishwasher, gas hob, electric oven and extractor over, space and plumbing for washing machine and space for fridge freezer.

Master Bedroom
Having 2 x uPVC double glazed windows to side aspect, phone points and a radiator.

Bedroom 2
Having spotlight to ceiling, radiator and access to storage cupboard.

Bathroom
Having skylight to ceiling. Three piece bathroom suite including panelled bath with wall mounted shower from taps, pedestal sink and low level wc, heated towel rail, tiled surrounds, shaver point and extractor.

Parking
With the property is one allocated parking space.

Agents Note
The property is currently rented at £450 per calendar month. The property can be sold with tenants in situ or with vacant possession if required.

Lettings & Property Management Services
When purchasing an investment property you want to know it will start paying for itself as soon as possible. Your Home Sales & Lettings can provide the complete service 7 days a week, seeing your purchase right the way through from the moment you have the offer accepted, to your fully referenced tenants collecting their keys and paying you. We can even help manage minor renovations and improvements using our reliable contractors, getting you the best price possible to help your investment stack up. Our highly experienced team can take care of everything, leaving your time free from day to day tenant questions, transferring the rental income direct to your account every month. Call us 7 days a week, until 6:00pm on weekdays on or email , to discuss your requirements. Happy House Hunting!

Valuations
If you are looking to sell your property or would consider a part exchange why not arrange a free, no obligation market appraisal from Your Home Estate Agents available 7 days a week by calling .


Property info

Floorplan(s): Floorplan 1

View original

Market activity
Average price paid £177,421 Sales 526 Current average value £174,868 (Zoopla Zed-Index) Value change £4,174 ▲ 2.44%

Property value data/graphs for LN5

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £261,870 £187 3.6 £260,061
Semi-detached £156,172 £174 3.0 £158,784
Terraced £112,075 £146 2.7 £115,697
Flats £138,278 £189 1.7 £169,435

Current asking prices in LN5

Average: £170,792
Avg. current asking prices in LN5
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £89,950
(1)
£104,478
(38)
£168,529
(38)
£250,404
(12)
£500,000
(5)
Flats £77,727
(15)
£212,233
(9)
£103,995
(1)
- -
All £78,491
(16)
£125,112
(47)
£166,874
(39)
£250,404
(12)
£500,000
(5)

Current asking rents in LN5

Average: £649 pcm
Avg. current asking prices in LN5
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £369 pcm
(31)
£565 pcm
(10)
£593 pcm
(14)
£1,065 pcm
(17)
£1,047 pcm
(8)
Flats £413 pcm
(41)
£699 pcm
(5)
- £624 pcm
(1)
-
All £394 pcm
(72)
£609 pcm
(15)
£593 pcm
(14)
£1,041 pcm
(18)
£1,046 pcm
(8)

Fun facts for LN5

Highest value in LN5
Highest value streets Zed-Index
Mill Fields £427,632
Stragglethorpe, Lincoln LN5 £417,884
Sleaford Road £400,366
Maidenwell Lane £387,086
Badgers Oak £375,786
Highest turnover in LN5
Highest turnover streets Turnover
Heritage Court 80.0%
Coach Mews 70.0%
Lonsdale Place 61.5%
Crossfield Road 58.3%
Cockburn Way 52.4%

What Zoopla users think of Lincoln

Overall rating:

  • currently 4 stars
Very good - 78% (189 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Lincoln:

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Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Lincoln (0.2 miles)
  • Hykeham (3.1 miles)
  • Saxilby (6.0 miles)
  • Humberside Airport (25.5 miles)
  • Robin Hood Airport (25.9 miles)
  • East Midlands Airport (42.6 miles)
  • Hull Ferry Terminal (37.6 miles)
  • West Lynn Ferry Landing (50.4 miles)
  • King's Lynn Ferry Landing (50.5 miles)

Nearby schools

View all schools in Lincoln
  • The Lincoln St Peter at Gowts Church of England Primary School (0.3 miles)
  • The Lincoln Bishop King Church of England Primary School (0.3 miles)
  • Lincoln Monks Abbey Primary School (0.8 miles)
  • Lincoln College (0.6 miles)
  • Lincoln University Technical College (0.6 miles)
  • North Hykeham Joint Sixth Form (3.5 miles)
  • The Lincolnshire Teaching and Learning Centre (0.4 miles)
  • Lincoln The Sincil School (0.4 miles)
  • Queen's Park School, Lincoln (0.7 miles)
Note: Distances are straight line measurements

Local info for Lincoln

About the neighbours in LN5

AskMe Q&A for Lincoln

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For more information about this property, please contact
Your Home, LN2 on 01522 775218 * (local rate)

Monthly running costs Beta

£2,468 Monthly total
Mortgage
Purchase price
Deposit (10%) 66,465
Repayment term 25
Interest rate 0.5
Your payment £2,121 /mo Find available rates

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Energy Gas £23 Electricity £30 Estimated energy cost £53/mo In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 7700 kWh/year
Electricity: 2300 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Lincoln

Estimated tax band G Council tax cost £256 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water Supply £16 Sewerage £22 Estimated water cost £38 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Your Home, and do not constitute property particulars. Please contact Your Home for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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