Summary - FLEMING HOUSE 20 VICTORIA STREET BRACEBRIDGE LINCOLN LN5 8QN
1 bed 1 bath Apartment
Ready-made rental with storage and parking in central Lincoln.
One double bedroom first-floor flat, approximately 474 sq ft
Tenant in situ — immediate rental income
Two external storage units included
Off-street parking available
Long lease: 104 years remaining (leasehold)
Double glazing and mains gas central heating
Area is very deprived with high crime — location risk
Services and appliances untested; survey advised
This one-bedroom first-floor apartment on Victoria Street presents a straightforward buy-to-let opportunity. Currently let, it offers immediate rental income and comes with two external storage units and off-street parking — practical extras that appeal to tenants.
The flat has a long lease (104 years remaining), double glazing, mains gas central heating and conventional room proportions across about 474 sq ft. Local shops, supermarkets and transport links are nearby, making the location convenient for renters and students.
Important considerations: the area scores high for crime and is classified as very deprived, which may affect tenant demand and capital growth. The property is leasehold, potentially subject to additional leasehold fees and pack costs, and all services and appliances are untested — buyers should commission surveys and safety checks.
For investors seeking an entry-price Lincoln property with an in-place tenancy and basic tenant amenities, this flat provides a low-price, low-complexity option. Be pragmatic about location-related risks and factor in survey and possible management costs.
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