Summary - 2 New Farm Cottage, St. Georges Lane, Riseholme LN2 2LQ
3 bed 1 bath Semi-Detached
Tenanted property with scope for rent uplift and garden development.
Freehold semi-detached three-bedroom house with immediate rental income
A practical investment in a semi-rural spot close to Lincoln, this three-bedroom semi-detached house is offered freehold with an existing agricultural tied tenancy. The tenant currently pays £440 PCM; the rent can be reviewed through the fair-rent process, offering immediate income with scope for increase. The plot includes a long private driveway, detached single garage/carport and mature front and rear gardens that add privacy and garden-room potential.
The property dates from the late 1960s/early 1970s, has double glazing, oil-fired central heating and an EPC grade D. Accommodation is conventional and straightforward: entrance hall, lounge, separate dining room, kitchen with adjoining utility, downstairs WC, three bedrooms and a single family bathroom. Overall room sizes and layout are average for a three-bed house of this era.
Key attractions for an investor are the existing income, good external amenity (generous gardens and parking for multiple cars) and easy road access to Lincoln and the A15. Important considerations are the tied agricultural tenancy—which may limit vacant possession options—and an EPC of D together with oil heating, which could affect running costs and upgrade requirements. The house appears structurally typical of its build period but would benefit from modernisation to maximise capital or rental value.
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