1 bed flat for sale

Flaxley Road, Lincoln, Lincolnshire LN2

***modern open plan coach house. Ideal for first time buyers or investors*** Welcome to 10 Flaxley Road. A conveniently situated One bedroom Coach House which would make superb first time buy or welcome addition to the investment portfolio with a projected gross yield of 7.9% on offer.

Briefly comprising; Hall, Kitchen/Living/Dining Area, Double Bedroom, Bathroom. Externally benefitting from an allocated Parking space.

Leasehold/City of Lincoln Council-Band A/EPC Grade C.

Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

LIN240524/8

Entrance Hall

External stair case rising to entrance door.

Hall

Airing cupboard housing hot water cylinder.

Lounge/Kitchen/Diner (5.42m x 4.74m)

Kitchen being fitted with wall and base units with contrasting work surfaces fitted over, integrated electric oven with 4 ring electric hob and extractor hood over, one and a half bowl stainless steel sink unit with drainer and mixer taps over, space for fridge freezer, space and plumbing for washing machine. Composite side entrance door, two double glazed windows to front aspect & one to rear aspect, electric heater.

Bedroom (3.56m x 3.32m)

Double glazed window to front aspect, electric heater, fitted wardrobes.

Bathroom (2.12m x 1.7m)

Three piece suite comprising of panelled bath with shower fitted over, low level WC, pedestal wash hand basin, double glazed frosted window to rear aspect, heated towel rail.

Outside

One allocated car parking space.

Tenure

Leasehold. 999 years from 01/01/2004. 978 years remaining.

Charges

We believe the current service charge is £1000 per annum.

Local Authority

City of Lincoln Council.

Note To Investors

We believe this property could achieve a monthly rent of £725pcm resulting in an annual return of £8700. If you were to purchase the property at the current asking price you would receive a gross rental yield of 7.9%.