Summary - 6, Robey Court, Robey Street, LINCOLN LN5 8AF
2 bed 1 bath Flat
**Standout Features:**
- **Gross Initial Yield:** 8.96%
- **Annual Rental Income:** £14,790
- **Leasehold Tenure:** 2268 years remaining
- **Size:** 2-bedroom self-contained flat (789 sq ft)
- **Location:** Close to Lincoln City Centre and University of Lincoln
- **Excellent Transport Links:** 1-minute walk to bus stop
- **Let to Students** with new ASTs for 2024/2025
**Potential Concerns:**
- **Local Area Crime Rate:** Very High
- **Area Deprivation Classification:** Deprived
This modern 2-bedroom flat located on Robey Court is an excellent opportunity for investors seeking steady rental income, currently generating £14,790 annually with a strong yield of 8.96%. Recently built in 2018, it features a bright, well-maintained open-plan kitchen/living area, two accommodating bedrooms, and two bathrooms—ideal for student living. The property is perfectly positioned just a 20-minute walk from both Lincoln's City Centre and the University, making it highly attractive to tenants.
Convenience is at your doorstep with local amenities, including shops, restaurants, and a quick 1-minute walk to bus services that connect you to the train station. However, potential buyers should consider the local area’s high crime rate and economic deprivation. With current tenancy agreements extending through 2025, this investment allows for immediate returns while offering the possibility of future renovations. This property is an ideal fit for seasoned investors or first-time buyers looking to tap into the lucrative student rental market—don't miss your chance!
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