Summary - 402 Witham Wharf, Brayford Street LN5 7DH
1 bed 1 bath Apartment
Income-ready one-bedroom flat on Brayford Pool — long lease and immediate rental income..
Tenanted at £900 pcm, immediate rental income potential
City-centre waterfront location overlooking Brayford Pool
Private balcony and open-plan living space
EPC Rating C; modern build (2007–2011)
Long lease reported (originally 999 years from 2007)
Average service charge £1,570 and ground rent £200 pa
Sold at auction — administration and buyer’s premium fees apply
Very slow broadband and electric room heaters; high local crime rate
A one-bedroom apartment in the Witham Wharf development, sitting prominently on Brayford Pool and in the heart of Lincoln city centre. Currently tenanted at £900 pcm, the property is positioned for buy-to-let investors seeking immediate rental income and central, student-focused demand close to the university and amenities.
The apartment is modern and well maintained, with an open-plan living area, compact fitted kitchen, double glazing and a private balcony that overlooks the waterfront. The EPC is rated C and the building was constructed in the 2007–2011 period, indicating relatively recent build standards. The long lease (originally listed as 999 years from 2007) supports future resale or long-term letting.
Notable costs and sale conditions are material: the property is leasehold, will be sold at auction with administration and buyer’s premium fees payable on exchange, and there is an average service charge of £1,570 plus a ground rent of £200. It is offered subject to an existing tenancy; purchasers should review the legal pack for the EWS1 information and tenancy details before bidding.
Practical considerations that affect operating costs and tenant comfort include electric room heaters (no central gas heating) and very slow broadband in the area. The listing also records a very high local crime level—buyers should factor this into rental risk and insurance costs. Overall, this is a compact, income-producing city-centre flat suited to investors or those wanting a centrally located rental asset, provided buyers accept the auction process and recurring charges.
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