Summary - LEXINGTON HOUSE 27 NEWARK ROAD LINCOLN LN5 8PB
1 bed 1 bath Flat
Affordable one-bedroom apartment near central amenities, ideal for a low-cost first purchase.
No onward chain — quick sale potential
This compact second-floor one-bedroom apartment offers an affordable entry into Lincoln’s housing market, priced at £80,000 and sold with no onward chain. The flat has gas central heating, uPVC double glazing and a practical layout that suits a first-time buyer or a buy-to-let investor seeking low initial outlay and straightforward maintenance.
Accommodation is efficient: entrance hall, lounge, separate kitchen, bedroom and shower room, with an outside communal area and a private storage shed. The property is within walking distance of the city centre and local amenities, with excellent mobile signal and fast broadband — useful for commuting tenants or home workers.
Be clear about constraints: the flat is leasehold, in a very deprived area with a high local crime rate and nearby light industrial units, which may affect rental demand or long-term desirability. The building is mid-20th century and the apartment is small, so there is limited external amenity space and modest room sizes.
Overall, this is a pragmatic purchase for someone prioritising affordability and central location over space or premium finishes. It suits first-time buyers who want a manageable starter home or investors targeting low-entry buy-to-let stock, provided they accept the neighbourhood context and leasehold tenure.
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