Summary - Brayford Wharf East, Lincoln LN5 7BG
6 bed 6 bath Apartment
Fully let six-bed en-suite close to University, rent-guaranteed and auction-ready.
- Six furnished bedrooms, each with private en-suite shower room
- Generating £37,440 per annum (2024/25)
- 100% occupancy record and rent guaranteed
- Fully managed; rent paid to owner three times yearly
- Leasehold with c.179 years remaining; ground rent £1
- Sold at auction via Secure Sale; immediate exchange available
- Located a minute from University of Lincoln and Students’ Union
- Local area records very high crime levels (city-centre student neighbourhood)
A turnkey, high-yield student investment close to the University of Lincoln and Students’ Union. This six-bedroom, six en-suite apartment sits in a modern riverside development and is fully furnished for immediate let. Strong income performance is evidenced by £37,440 pa (2024/25) with a 100% occupancy record and a rent guarantee, offering a largely hands-off revenue stream for investors.
The accommodation includes six private en-suite bedrooms and a communal lounge/kitchen/diner with fitted appliances and lounge seating. On-site communal amenities include games and TV lounges. The property is fully managed (rent collection, maintenance, tenant liaison and bills handled), with rent remitted to the owner three times per year, reducing day-to-day landlord involvement.
Key transactional points: leasehold tenure with approximately 179 years remaining and a nominal ground rent of £1. The sale is via Secure Sale online bidding with a starting bid of £280,000 and will be sold at auction; immediate exchange of contracts is available. Buyers should note the location records very high local crime levels, reflective of the busy city-centre student neighbourhood.
Suitable for buy-to-let investors targeting the student market who want immediate income. The property’s strengths are location, management, guaranteed income and strong occupancy; drawbacks include auction sale conditions, leasehold status, and local crime rate, which may affect long-term capital growth considerations.
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