Summary - 10, Charlesworth Street LN1 1SY
1 bed 1 bath Flat
Affordable city‑fringe flat ideal for investors or budget buyers.
Upper floor one‑bed flat, newly carpeted throughout
Double bedroom and practical fitted kitchen, ready to occupy
Communal gardens; permit/off‑street parking available
125 years remaining on the lease, low ground rent (£10)
Sold by Modern Auction — undisclosed reserve and buyer fees apply
Non‑refundable reservation fee 4.5% (min £6,600) plus pack costs
Very high local crime levels; area classified as deprived
Average size (517 sqft); council tax described as very cheap
This upper‑floor one bedroom flat offers an affordable entry into Lincoln’s city centre fringe. Newly fitted carpets and a tidy contemporary kitchen and bathroom mean the property is ready to occupy or let with minimal immediate work.
The flat sits in a mid‑20th century block with communal gardens and permit/off‑street parking. Heating is by mains gas boiler to radiators and windows are double glazed. The 125‑year lease provides long tenure security for a low purchase price.
Important auction and location points: the sale is by Modern Auction with an undisclosed reserve, a non‑refundable reservation fee (4.5% of the purchase price, minimum £6,600) and additional buyer costs — buyers must complete within 56 days and carry out their own due diligence. The area is classified as a cosmopolitan student neighbourhood with very high crime rates and wider local deprivation, which will affect long‑term resale and owner‑occupier appeal.
This property is best suited to cash or mortgage buyers prepared for an auction timetable and to investors seeking a centrally located let near university amenities, or first‑time buyers looking for an affordable city base who accept higher local crime levels and the responsibilities of leasehold ownership.
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