Summary -
93, Angelica Road,LINCOLN,LN1 1BE
LN1 1BE
2 bed 1 bath Apartment
Compact two-bedroom flat ideal for investors or city commuters.
Currently let at £760pcm — immediate rental income or sold with vacant possession
Balcony with direct views over the Fossdyke Canal
Long lease: 987 years remaining
EPC rating B; energy efficient for running costs
Allocated off-street parking space included
Service charge £750pa and ground rent £125pa (check terms)
Overall apartment is small — compact rooms and limited space
Local area records above-average crime — consider tenant profile and insurance
A waterside, two-bedroom ground floor apartment with an open-plan living area and balcony overlooking the Fossdyke Canal. Currently tenanted at £760pcm, the property offers immediate rental income and could be sold with vacant possession if preferred. The long lease (987 years) and EPC B rating add practical reassurance for owners and prospective tenants.
The layout is compact and efficient: two bedrooms, a bathroom and a combined kitchen/living/dining room that opens onto a canal-facing balcony. An allocated off-street parking space and pedestrian access to Lincoln city centre make this well-located for commuters, students and professionals drawn to central amenities and the university.
Running costs are straightforward: annual service charge £750 and ground rent £125. The building is modern and generally low-maintenance, though the apartment is described as small overall. Note the local area records above-average crime levels — something to consider for tenant profiles and insurance.
For investors the current rent produces a competitive gross return (around 6.3% at asking price). For owner-occupiers or first-time buyers seeking a city base with waterside views, the compact footprint suits a lock-up-and-leave lifestyle but will feel snug for those wanting larger rooms or substantial storage.
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