Summary - Angelica Road, Lincoln, Lincolnshire LN1 1BE
2 bed 1 bath Flat
Buy-to-let with tenant, long lease and allocated parking near Lincoln city centre.
- Two-bedroom second-floor apartment with open-plan layout
- Private balcony with Fossdyke Canal views
- Sold with tenant in situ — immediate rental income
- Allocated off-street parking space included
- Long lease remaining: 986 years
- Service charge £900pa; ground rent £165pa
- High flood risk — affects insurance and repair costs
- Local crime above average; consider tenant and security needs
A practical investment in central Lincoln, this two-bedroom second-floor apartment is sold with a tenant in situ, offering immediate rental income and long-term security courtesy of an extended 986-year lease. The apartment’s open-plan living area opens onto a private balcony with peaceful Fossdyke Canal views, and the layout maximises natural light across the compact 592 sq ft footprint.
The building is modern and well presented, with an allocated off-street parking space and fast broadband and excellent mobile signal—useful for renters and professionals. Annual costs are modest: service charge £900 and ground rent £165, with council tax described as cheap. The unit suits investors seeking a low-maintenance, city-centre let close to shops, university facilities and transport links.
Be clear about the material negatives: the property is small and marketed for investors only, currently occupied by a tenant, and sits in a high flood-risk area. Local crime levels are reported above average. These factors affect let strategy, insurance and resale considerations, so buyers should confirm insurance costs, flood cover requirements and tenancy details before proceeding.
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