Summary - Vicarage Court, Cross Street, Lincoln, LN5 LN5 7LA
1 bed 1 bath Flat
Low-maintenance city flat with allocated parking and strong rental potential.
City-centre location within short walk of train station and university
A compact one-bedroom flat in Vicarage Court positioned within walking distance of Lincoln city centre and the train station. The open-plan kitchen–living room, double bedroom and allocated off-street car port make this a straightforward, low-maintenance option for investors or first-time buyers wanting central convenience.
The block is a 1980s–1990s development of about 16 flats with gated access and fast broadband. Projected rental income of around £650 pcm equates to a strong gross yield at the asking price, and the property’s long lease (circa 119 years) supports letting or resale plans.
Buyers should note material drawbacks: the neighbourhood is classified as very deprived with very high recorded crime, and the flat’s footprint is small (approximately 439 sq ft). The property is leasehold with an average annual service charge around £1,656 and an EPC rating of D, which may limit appeal to some tenants and increase running costs.
Overall this is a pragmatic, centrally located investment or starter home: good rental prospects and gated parking offset by local social challenges, modest internal size and ongoing service charges. Viewings recommended for those who prioritise location and yield over space and neighbourhood profile.
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