Summary - 3 ALFRED STREET LINCOLN LN5 7PZ
4 bed 1 bath Terraced
Chain-free investment close to university and city amenities with immediate rental income.
4 double bedrooms plus one single bedroom, larger-than-average mid-terrace
A larger-than-average Victorian mid-terrace in the heart of Lincoln city, 3 minutes from the High Street and close to the university. Currently let at £710pcm with the option to purchase with tenants in situ, the house offers immediate rental income and straightforward management for investors or landlords.
The layout is traditional with separate reception rooms, a dining room featuring a log burner, fitted kitchen, ground-floor bathroom and an additional first-floor WC. Gas central heating (Worcester combi boiler fitted 2010) and double glazing are already in place, reducing immediate major service costs.
The property is solid brick with no cavity insulation (typical of pre-1900 construction) and an EPC rating of D. It will benefit from cosmetic updating and thermal improvements to enhance appeal and energy performance. There is a small rear garden with lockable access to a shared passage for extra security.
Note the area records a very high crime rate; secure entry to the rear passage helps but this neighbourhood factor will influence tenant profiles and rental expectations. Chain-free freehold sale and modest council tax band make this an easy acquisition for buy-to-let buyers prepared to manage some refurbishment and tenancy handover.
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