£125,000
2 bed flat for saleLincoln Road, The Mews LN6
2 beds
1 bath
1 reception
EPC Rating: C
- Leasehold
Martin & Co Lincoln
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About this property
Modern Top floor apartment
Two double bedrooms
Turn-key, income-producing asset from day one
Gross Yield: 6.48%
Gated car park with 1 allocated parking space
Popular North Hykeham location
Council tax band - B
EPC grade C
Tenure - Leasehold
Ground Rent - Peppercorn Service £600 per annum
Investment Opportunity – Modern 2-Bedroom Apartment with Secure Parking
An excellent opportunity to acquire a well-presented second-floor apartment in the ever popular North Hykeham area, ideal for investors seeking a low-maintenance property with immediate rental income. Located within a secure, gated development, this property benefits from allocated parking, modern safety features, and an established tenant already in place.
Description
Investment Opportunity – Modern 2-Bedroom Apartment with Secure Parking
An excellent opportunity to acquire a well-presented second-floor apartment in the ever popular North Hykeham area, ideal for investors seeking a low-maintenance property with immediate rental income. Located within a secure, gated development, this property benefits from allocated parking, modern safety features, and an established tenant already in place.
Investment Details
This property is available for an investment with tenants in situ on a fixed term AST until September 2026 paying £675pcm.
Leasehold Information
Lease Term - 125 years from January 2007
Lease Remaining - 108 Years
Ground Rent - N/A
Service Charge - £600 per annum
Review Period - annually
This information has been provided by the vendor and must not be relied upon or taken as accurate. Purchasers must satisfy themselves in this respect.
Entrance Hall
Entrance hall with carpet flooring, radiator, loft hatch access, smoke alarm, pendant lighting, consumer unit and a fire-rated glazed door.
Kitchen / Living Room (5.39 x 3.45 (17'8" x 11'3"))
Open Plan Kitchen and Living Room.
Bright and comfortable living space featuring carpet flooring, radiator, ceiling spotlights and a front-facing window.
The Kitchen is fitted with both base and eye-level units, tiled work surfaces, vinyl flooring, ceiling spotlights, wall-mounted thermostat, electric cooker with gas hob and overhead extractor. The Eco Compact Combi Boiler is neatly housed within a cupboard. Fire-rated self-closing door fitted.
Bedroom (4.46 x 2.11 (14'7" x 6'11"))
Double bedroom with carpet flooring, radiator, pendant lighting and front-facing window. Fire-rated self-closing door installed.
Bedroom (4.24 x 2.56 (13'10" x 8'4"))
Second well-proportioned bedroom with carpet flooring, radiator, pendant lighting and rear-facing window. Fire-rated self-closing door installed.
Bathroom (2.02 x 1.92 (6'7" x 6'3"))
Bathroom suite comprising vinyl flooring, radiator, globe light fitting, Manrose extractor fan, pedestal basin, and a p-shaped bath with mixer taps, mixer shower, and hinged shower screen.
Outside
Secure gated parking with 1 allocated parking Space
Fixtures & Fittings
Please Note : Items described in these particulars are included in the sale, all other items are specifically excluded. We cannot verify that they are in working order, or fit for their purpose. The buyer is advised to obtain verification from their solicitor or surveyor. Measurements shown in these particulars are approximate and as room guides only. They must not be relied upon or taken as accurate. Purchasers must satisfy themselves in this respect.
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More information
Tenure
Leasehold (80 years)
Service charge
£600 per year
Council tax band
B
Ground rent
Ground rent date of next review