Summary - 21a Monson Street LN5 7RZ
4 bed 3 bath Terraced
Ready-made, fully let three-apartment terrace in LN5 with reliable long-term tenants and income..
Fully let three self-contained apartments producing £1,680 pcm (£20,160 pa)
This Victorian terraced property in LN5 has been converted into three self-contained apartments and is offered as a ready-made rental investment. All units are fully let to long-term, reliable tenants, producing a combined current income of £1,680 pcm (£20,160 pa). The building is well presented internally with modern fitted kitchens and bathrooms across the flats.
The accommodation comprises a ground-floor two-bedroom apartment with private garden access, plus two upper-floor one-bedroom apartments. The compact rear garden is low maintenance and mostly paved. The property benefits from mains gas central heating, double glazing and excellent mobile and broadband connectivity — useful for lettings and short-stay potential.
Notable considerations: the building is a 1900–1929 solid-brick terrace and is assumed to have no cavity wall insulation; upgrade works (insulation, ongoing maintenance) may be needed to improve energy efficiency. The wider LN5 area is classified as deprived and the neighbourhood is a cosmopolitan student/professional mix, which supports rental demand but may limit some tenant profiles. Plot size and room proportions are modest; there is no confirmed off-street parking. Council tax is very cheap, and flood risk is low.
For an investor seeking an income-producing, central Lincoln holding with straightforward management, this property offers immediate cashflow and scope to increase value through sensible energy and cosmetic improvements. Short-term let or rental repricing could be options given the city-centre, university and tourist location, subject to permissions and market suitability.
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