3 bed terraced house for sale

Newark Road, Lincoln LN5

Investment Opportunity! An excellent investment opportunity located on Newark Road, just south of Lincoln city centre, within easy walking distance of the High Street, train station, South Common and a range of local amenities. This spacious three-storey mid-terraced property has been converted into two self-contained flats, both currently let to long-term tenants, generating an annual income of approximately £12,840 and offering a yield of around 7.78%.

Investment Opportunity!

An excellent investment opportunity located on Newark Road, just south of Lincoln city centre, within easy walking distance of the High Street, train station, South Common and a range of local amenities.

This spacious three-storey mid-terraced property has been converted into two self-contained flats, both currently let to long-term tenants, generating an annual income of approximately £12,840 and offering a yield of around 7.78%.

The ground floor flat features its own entrance, a double bedroom, living area, kitchen, bathroom and access to a private rear garden. The first-floor flat is a well-proportioned duplex, arranged over two floors and includes a kitchen diner, lounge, bathroom and two bedrooms on the top floor.

There is further potential to enhance the investment – neighbouring properties show precedent for conversion into three flats (subject to the relevant planning consents), which could increase the rental income and future returns.

Location The historic Cathedral and University City of Lincoln has the usual High Street shops and department stores, plus banking and allied facilities, multiplex cinema, Marina and Art Gallery. The famous Steep Hill leads to the Uphill area of Lincoln and the Bailgate, with its quaint boutiques and bistros, the Castle, Cathedral and renowned Bishop Grosseteste University.

Services All mains services available.
Gas central heating.

Ground floor flat

bedroom 11' 10" x 93' (3.61m x 28.35m)

lounge diner 11' 10" x 11' 10" (3.61m x 3.61m)

kitchen 18' 6" x 7' 2" (5.64m x 2.18m)

bathroom 7' 2" x 6' 5" (2.18m x 1.96m)

first floor flat

kitchen 15' 1" x 11' 10" (4.6m x 3.61m)

lounge 15' 1" x 11' 11" (4.6m x 3.63m)

bathroom 11' 5" x 7' 1" (3.48m x 2.16m)

first floor landing

bedroom 1 15' 9" x 14' 0" (4.8m x 4.27m)

bedroom 2 14' 1" x 7' 7" (4.29m x 2.31m)