Summary - 59 CRANWELL STREET LINCOLN LN5 8BH
4 bed 2 bath Terraced
Income-ready Victorian terrace with 10% yield, close to Lincoln city centre and park..
- Currently let at £1,530 pcm (10.09% yield)
- Four bedrooms; three are currently let
- Walking distance to Lincoln city centre and Boultham Park
- Victorian character with modern kitchen and high ceilings
- Small overall size and plot (approx. 1,023 sq ft)
- Area classified as deprived; crime level very high
- EPC C, gas central heating, ultrafast full-fibre broadband
- On-street parking; none of services have been tested
An immediate investment with a strong headline yield, this four-bedroom Victorian terrace on Cranwell Street is currently let for £1,530 pcm (10.09% yield at asking price). The property mixes period character — bay window, chimney and solid masonry construction — with a bright contemporary kitchen and high ceilings in parts, offering straightforward rental appeal to students, young professionals or multi-occupancy tenants.
Practical attributes include gas central heating, double glazing, EPC rating C, ultrafast full-fibre broadband and on-street parking. The house is a short walk from Lincoln city centre, The Historic Bailgate and Boultham Park, improving tenant demand and letting convenience. Three of the four bedrooms are currently let, and the property is freehold with mains services connected.
Material negatives are candid: the area records very high crime and is classified as deprived, which may affect long-term capital growth and some tenant profiles. The overall footprint and plot are small, and the property is compact at about 1,023 sq ft. None of the service installations have been tested, and viewings should confirm condition and any immediate maintenance needs.
This is a practical, income-focused purchase for investors who prioritise current cashflow and location convenience over long-term capital uplift. It also suits a buyer seeking a manageable refurbishment or light updating to improve rents and tenancy stability.
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