Summary -
Flat 2,91 Foster Street,LINCOLN,LN5 7QE
LN5 7QE
4 bed 2 bath Flat
Ready-made rental income near university and city centre.
Two self-contained 2-bed flats with separate access and outdoor areas
Extensively refurbished throughout — modern kitchens and shower rooms
Off-street parking included — useful for tenants
Advertised rents: Flat 1 £1,000pcm, Flat 2 £1,100pcm (both ex bills)
Freehold title — sold as whole building
Modest total size (circa 623 sq ft) — compact urban units
Very high local crime rate — may affect lettings and insurance
Low flood risk; excellent mobile and fast broadband available
A solid Victorian end-terrace converted into two self-contained two-bedroom flats, offered freehold and extensively refurbished throughout. Each flat has its own entrance, modern open-plan kitchen/diner, shower room and practical storage — a straightforward, turnkey buy-to-let opportunity close to Lincoln city centre and the university.
Current rental income is advertised at £1,000 pcm for Flat 1 and £1,100 pcm for Flat 2 (both ex bills), making the property immediately income-producing for an investor. The building benefits from off-street parking, good broadband (up to 1000 Mbps) and excellent mobile signal — practical positives for student or professional tenants.
The setting is compact urban living: low flood risk and typical Victorian features such as bay windows and high ceilings, but the overall internal footprint is modest (around 623 sq ft total). Both flats are newly renovated so large repair works are not expected on takeover; still, buyers should verify service condition, certificates and ongoing maintenance needs.
Important drawback to note: recorded crime levels in the area are very high. This can influence tenant demand, void risk and insurance costs. Council tax is very cheap (Band A for each flat), which helps affordability for tenants and supports lettability.
3 bedroom town house for sale in Newark Road, Lincoln, LN5 — £195,000 • 3 bed • 3 bath • 1446 ft²
17 bedroom flat for sale in 37-41 Ripon Street, Lincoln, Lincolnshire, LN5 7NJ, LN5 — £675,000 • 17 bed • 6 bath
4 bedroom terraced house for sale in Monks Road, Lincoln, LN2 — £250,000 • 4 bed • 3 bath • 485 ft²
4 bedroom apartment for sale in Depot Street, Lincoln, LN1 — £265,000 • 4 bed • 2 bath • 1480 ft²
1 bedroom flat for sale in Laurel Close, Lincoln, Lincolnshire, LN5 — £95,000 • 1 bed • 1 bath • 387 ft²
1 bedroom apartment for sale in Victoria Street, Bracebridge, Lincoln, LN5 — £85,000 • 1 bed • 1 bath • 474 ft²
