Vicarage Court Cross Street, Lincoln, Lincolnshire, LN5

Property Details: - Type: Flat - Bedrooms: 1 - Bathrooms: 1

Agent: Pygott & Crone - Lincoln Phone: 01522 397798

<p>* GREAT INVESTMENT *</p><p>This one-bedroom flat is situated in a quiet residential development just off Cross Street, within walking distance of Lincoln city centre. Built after 1980, the property is part of a well-maintained block comprising 16 flats, making it an ideal choice for investors seeking a low-maintenance home with strong rental income of £200 per week, giving a fantastic 12.99% gross yield. </p><p>The accommodation briefly comprises an open plan kitchen-living space, double bedroom and bathroom. You further benefit from secure gated access with a specific and spacious allocated car port space. </p><p>Ideally located in the centre of the city, and just a short walk from Lincoln's well connected train station where you know benefit from a two hour direct train into central London. You further benefit from a range of popular local schools nearby and Lincoln's ever growing University is just a short walk away, ideal for both students and teachers alike. </p><p>Vicarage Court presents an excellent opportunity for those seeking an affordable property in a convenient location with strong rental prospects. </p><p>Agents Note - We have been advised by the vendor that the property is currently let on an AST from the 12th of March 2026; this is for 18 months, with the tenant paying £200 per week.</p><p>Please note - We have been advised that the property is Leasehold with 120 years left on the lease and that the cost per annum for ground rent and service charge is approximately £1666.</p>