Summary - 40 GRAY STREET LINCOLN LN1 3HL
2 bed 1 bath Terraced
Ready-made rental with generous garden and modern fittings.
Fully refurbished two-bedroom Victorian mid-terrace
This mid-terraced Victorian two-bedroom has been fully refurbished and is offered freehold with a tenant in situ, producing a reported £650 pcm. The ground floor features an open living room and a sizeable dining kitchen with a new white Shaker-style fitted kitchen and integrated appliances. Upstairs are two bedrooms, built-in storage and a newly fitted three-piece bathroom. Double glazing and gas central heating complete the modern comforts.
For investors the property offers immediate income and a quoted 4.3% gross yield, plus easy access to Lincoln’s Cathedral Quarter, local amenities and good broadband and mobile coverage. The rear garden is a standout for a city-centre terrace: lawned with a paved patio and open-plan boundaries that give a rare sense of space.
Notable practical points: the house is of solid-brick construction typical of 1900–1929 builds and external wall insulation is assumed absent. There is a neighbouring right of access across the patio and the local crime level is reported as high. Council tax is noted as very cheap, and broadband speeds are fast.
This property will suit buyers seeking a low-maintenance, move-in-ready rental or a compact city home with scope to personalise internally. Buyers requiring full thermal upgrades, greater privacy at the rear, or long-term vacancy for owner occupation should factor in additional works and potential negotiation time.
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