2 bed flat for sale

Flaxley Road, Lincoln, Lincolnshire LN2

***modern second floor apartment with open plan living***

Welcome to 3 Flaxley Road. A fantastic opportunity on offer here for first time buyers or investors looking to add to their portfolio. This second floor apartment is being sold with no onward chain and benefits from allocated parking.

Internally briefly comprising; Hallway, Open Plan Kitchen/Living/Dining Room, Two Double Bedrooms with Ensuite to Bedroom 1, Bathroom.

A tasty 8% gross yield is on offer for investors making this an attractive investment.

Leasehold/City of Lincoln Council-Band A/EPC Grade D.

Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

LIN250025/8

Description

***modern second floor apartment with open plan living***

Welcome to 3 Flaxley Road. A fantastic opportunity on offer here for first time buyers or investors looking to add to their portfolio. This second floor apartment is being sold with no onward chain and benefits from allocated parking.

Internally briefly comprising; Hallway, Open Plan Kitchen/Living/Dining Room, Two Double Bedrooms with Ensuite to Bedroom 1, Bathroom.

A tasty 8% gross yield is on offer for investors making this an attractive investment.

Leasehold/City of Lincoln Council-Band A/EPC Grade D.

Hallway

Entrance door, storage cupboard, airing cupboard housing hot water cylinder, electric heater.

Open Plan Kitchen/Dining/Living Room (5.12m x 7.15m)

Kitchen area being fitted with a range of eye level wall and base units with contrasting work surfaces fitted over which incorporates a breakfast bar, electric oven with 4 ring electric hob and extractor hood over, stainless steel sink unit with drainer and mixer tap over, space and plumbing for washing machine, space for fridge freezer. Living/Dining area has three double glazed windows, 1 Velux window & electric heater.

Bedroom 1 (3.34m x 2.9m)

Double glazed window, electric heater, fitted wardrobes.

Ensuite (2.37m x 1.74m)

Comprising of shower cubicle, low level WC, pedestal wash hand basin, electric heated towel rail.

Bedroom 2 (2.33m x 3.36m)

Double glazed window, electric heater, fitted wardrobes.

Bathroom (2.19m x 2.48m)

Comprising of panelled bath with shower fitted over, low level WC, pedestal wash hand basin, electric heated towel rail.

Outside

There is one allocated parking space located in a block.

Tenure & Charges

Leasehold - Expires 31/12/2127. 102 years remaining.
Annual service charge - £1546.59
Annual ground rent - £20.

Note To Investors

If you were to purchase the property at the current asking price you would receive a gross yield of 8% based on achieving an expected monthly rent of £900.