This two-bedroom mid-terraced house presents a compelling opportunity for renovation and investment, nestled in the heart of Lincoln, Lincolnshire. The property features a shared entrance leading into a versatile interior layout. The ground floor encompasses two reception rooms that offer potential for reconfiguration, complemented by a rear galley kitchen that could be modernized to enhance functionality. Upstairs, you will find two bedrooms along with a family bathroom, all of which are ripe for updating to suit contemporary living standards.
Externally, the property boasts a rear garden, which includes an outbuilding and a shed—these outdoor spaces could be transformed into attractive extensions of the living area or utilized for storage. Currently occupied by tenants, this home generates an annual income of £11,400 (£950 per month), making it an ideal choice for investors seeking to expand their property portfolio. The existing tenancy is periodic, allowing for flexibility in future occupancy and renovations.
Situated just south of Lincoln's High Street, this central location offers convenient access to an array of amenities including shops, supermarkets, cafés, restaurants, and recreational facilities. The historic Cathedral Quarter and popular Brayford Waterfront are within walking distance, providing rich cultural experiences alongside dining and entertainment options.
Transport links are robust in this area; Lincoln’s mainline railway station and Transport Hub are nearby, facilitating regular services to Newark, Nottingham, Sheffield, and London. Major roadways such as the A46, A15, and A57 ensure straightforward connectivity to neighboring towns and cities.
The gross internal area of the property measures approximately 63.36 m² (680 ft²). Services include mains electricity, gas, water, and drainage; however, prospective buyers should conduct their own investigations regarding these utilities. The property's council tax rating is A according to Lincoln Council.
As a freehold property with further potential for enhancement through renovation efforts or adaptations for personal use or rental purposes alike, this house stands out as an appealing option for both homeowners looking to create their ideal living space and investors aiming to capitalize on the vibrant local market.
