Summary - RIVERSIDE DRIVE LN5 7NZ LN5 7NZ
1 bed 1 bath Flat
Chain-free one-bedroom flat near city centre and university — ideal buy-to-let.
Chain-free one-bedroom leasehold apartment, currently let
A compact one-bedroom apartment in the Anchor Quay development, offered chain-free and currently let, presents a straightforward buy-to-let opportunity close to Lincoln city centre and the university. The property’s 21ft open-plan lounge/kitchen, allocated off-street parking and UPVC double glazing make it low-maintenance for landlords and attractive to students or professionals seeking central, easy-access accommodation.
The flat is leasehold with a service charge of £261 per quarter and an EPC rating of C. It is heated by electric storage heaters and runs off main electricity (no communal gas). The unit is small and suits single occupancy or a couple; there is no private garden and internal condition cannot be fully verified from available information.
Financially, the apartment is currently producing £8,340 per year in rent and is being sold for £110,000, giving a strong gross income profile for an investor. Notable practical drawbacks are the electric heating (higher running costs than gas), a very high local crime level, and the usual leasehold/service-charge obligations — all factors to weigh against the rental income and low ongoing maintenance needs.
1 bedroom apartment for sale in Riverside Drive, Anchor Quay, LN5 — £100,000 • 1 bed • 1 bath • 474 ft²
1 bedroom apartment for sale in Riverside Drive, Lincoln, LN5 — £100,000 • 1 bed • 1 bath • 598 ft²
1 bedroom flat for sale in Riverside Drive, Lincoln, LN5 — £110,000 • 1 bed • 1 bath • 475 ft²
1 bedroom apartment for sale in Riverside Drive, Anchor Quay, LN5 — £96,000 • 1 bed • 1 bath • 543 ft²
2 bedroom apartment for sale in Riverside Drive, Anchor Quay, Lincoln, LN5 — £132,000 • 2 bed • 1 bath • 673 ft²
2 bedroom apartment for sale in Witham Mews, Anchor Quay, Lincoln, LN5 — £199,995 • 2 bed • 2 bath • 1306 ft²
