5 bed flat for sale

St. Andrews Street, Lincoln, Lincolnshire LN5

A highly versatile and income-generating property offering a combined residential house and self-contained flat, presenting an excellent opportunity for investors seeking multiple income streams or strong rental yield potential.

The property is arranged over three floors and is currently configured to provide separate living accommodation, allowing for flexible letting strategies. The layout lends itself to dual-occupancy, multi-let, or owner-occupier with rental income, subject to the buyer’s intended use and any necessary consents.

The self-contained flat offers independent accommodation with its own living and sleeping areas, making it ideal for private rental, serviced accommodation, or long-term letting. The remaining accommodation provides a substantial house layout with multiple bedrooms and communal spaces.

With a total floor area of approximately 1,418 sq. Ft. (131.8 sq. M.), the property benefits from well-proportioned rooms and practical layouts that maximise rental appeal and occupancy potential. There is scope for reconfiguration or value enhancement, subject to relevant approvals.

This is a rare investment opportunity combining scale, flexibility, and multiple exit strategies in one asset, making it suitable for portfolio landlords, first-time investors, and those seeking diversification.

Viewing is strongly recommended to appreciate the full income potential and adaptable layout.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.