Summary - Flat 8, 64, Portland Street LN5 7LB
2 bed 1 bath Apartment
City-centre two-bed flat with gated parking — ideal buy-to-let near university and station.
Two bedrooms with open-plan living and contemporary fitted kitchen
Designated gated parking space included
Leasehold — 107 years remaining
Service charge approx £300 per year; ground rent approx £300 per year
Currently let at £750pcm; buyer should confirm vacant possession
EPC rating C; Council Tax Band A (low)
Local area: very deprived with very high crime levels — affects demand
Good broadband and mobile signal; low flood risk
This two-bedroom apartment on Portland Street is a compact, modern flat positioned for city-centre convenience and buy-to-let potential. The open-plan living space and contemporary kitchen provide straightforward, low-maintenance accommodation suitable for students, professionals or commuters. The property sits in a purpose-built block with double glazing and electric boiler heating.
Practical features include a designated gated parking space, fast broadband and excellent mobile signal, and an EPC rating of C. The flat is leasehold with 107 years remaining and annual charges to note: a service charge of about £300 and ground rent of £300. Council Tax is in Band A, keeping running costs lower than average.
Important considerations: the local area is classified as very deprived with very high recorded crime levels, which may affect tenant demand and rental yields. The property is currently let on an AST at £750pcm; the landlord has indicated willingness to serve notice after sale if a buyer requires vacant possession, but purchasers must verify timings and legal implications with their solicitor.
Overall this apartment will appeal to investors seeking a city-centre, low-upkeep rental near the university and station, or first-time buyers wanting a compact home with easy access to Lincoln’s amenities. Factor in the neighbourhood profile and tenancy status when assessing long-term returns and resale prospects.
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