Summary - 3 MONKS MANOR COURT LINCOLN LN2 4AU
2 bed 1 bath Apartment
Ready-made rental income with parking and private rear garden.
Tenants in situ until Apr 2026, producing £800 pcm
A compact two-bedroom first-floor apartment in an uphill, highly sought area near Lincoln County Hospital and the Bailgate. Offered with tenants in situ until April 2026 paying £800 pcm, this presents a ready-made rental income stream and a straightforward buy-to-let proposition with no onward chain.
The flat sits in a converted Georgian-style mid-terrace building and benefits from a private rear garden and an allocated off-street parking space. Practical advantages include an EPC rating of C, mains gas central heating with a modern boiler, and a long lease (99 years remaining). Ground rent and service charge are reported as n/a, but buyers should verify this information.
Notable drawbacks are factual: the property is small (about 560 sq ft), located in an area recorded as having very high crime, and broadband speeds are slow. The building’s solid brick walls are likely uninsulated, so thermal improvements may be advisable. The immediate area has pockets of deprivation and some local schools are rated as requiring improvement, which may affect longer-term tenant demand.
For an investor seeking a let property with immediate income and minimal entry friction, this apartment is practical and modestly priced. Owner-occupiers or downsizers should note the size and location characteristics before viewing. Buyers are advised to check tenancy details, local crime statistics, broadband options, and confirm leasehold information and any shared road liabilities before purchase.
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