Summary -
12, Spa Buildings,LINCOLN,LN2 5AU
LN2 5AU
6 bed 4 bath Link Detached House
Four fully let units in central Lincoln, ideal for immediate rental income..
- Four self-contained dwellings, currently fully let
- Reported rental income c. £30,160 per annum
- Freehold city-centre location close to colleges and amenities
- Allocated parking for five cars plus additional hardstanding
- Secure gated access and small courtyard garden to rear
- EPCs vary (two E, one D) — energy performance below modern standard
- Located in a deprived ward with very high local crime rate
- Compact layouts; some units basic and may need cosmetic updating
A ready-made rental portfolio in the centre of Lincoln, Spa Buildings comprises four self-contained dwellings offered freehold and fully let. The current gross rental income is reported at approximately £30,160 per annum, making this block attractive to buy-to-let investors seeking immediate income and city-centre student demand.
The buildings combine late Victorian brick character with practical modern fixtures (UPVC windows, gas central heating) and shared secure gated access. There is allocated tarmac parking for five vehicles plus additional hardstanding, and a small courtyard garden off number 11. Several units have compact, efficient layouts suitable for student or professional tenants.
Important considerations: the properties sit in a ward described as deprived with a very high local crime rate, and EPCs range from D to E across the units. Some internal fittings and layouts are basic and likely to require ongoing maintenance or selective updating between tenancies. Viewings are by appointment and rental figures should be checked with legal advisors prior to exchange.
For an investor focused on immediate cashflow and strong proximity to the city centre and colleges, this block offers a high-yield, hands-on opportunity. Those seeking low-risk, long-term capital-growth only may wish to factor in the local social indicators and potential refurbishment costs before purchase.
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