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3 bedroom Flat for sale, Stamp End, Lincoln, Lincolnshire, LN2
Features and Description
- First Floor Maisonette
- Three Double Bedrooms
- Potential Yield of 7.68%
- EPC Grade TBC
- City of Lincoln Council
- Council Tax Band A
- Ideal First Time Buy
- No Onward Chain
***A PROPERTY THAT WILL COMPLETELY SURPRISE YOU*** An extremely spacious First floor Maisonette situated close to Lincoln City Centre spread across two floors and boasting Three DOUBLE bedrooms. The property would make a fantastic first time buy or investment. A potential yield of 7.68% is up for grabs.
Briefly comprising; Hall, Lounge-Diner, Kitchen, Three Double Bedrooms, Shower Room, WC. Externally the property benefits from a brick outbuilding which is useful for storage.
Leasehold/City of Lincoln Council-Band A/EPC Grade TBC.
Hall
Entrance door, stairs rising to first floor, double glazed window to rear aspect, under stairs storage cupboard, radiator.
Lounge-Diner
12'4" x 22'11" (3.75m x 6.98m)
Two double glazed windows to front aspect, two radiators.
Kitchen
9'3" x 8'4" (2.83m x 2.53m)
Being fitted with a range of eye level wall and base units with contrasting work surfaces fitted over, space for cooker, double glazed window to rear aspect, space for fridge freezer, space and plumbing for washing machine, sink with drainer and mixer tap over, wall mounted gas combination boiler.
Landing
Having loft access, storage cupboard.
Bedroom 1
9'5" x 11'8" (2.88m x 3.56m)
Double glazed window to front aspect, radiator, fitted wardrobes.
Bedroom 2
12'5" x 8'1" (3.78m x 2.46m)
Double glazed window to front aspect, radiator.
Bedroom 3
9'1" x 10'8" (2.77m x 3.26m)
Double glazed window to front aspect, radiator.
Shower Room
7'2" x 6'0" (2.19m x 1.83m)
Comprising of walk in shower cubicle with Rainfall shower unit over, vanity wash hand basin, double glazed frosted window to rear aspect, stainless steel heated towel rail.
Toilet
Having low level WC, double glazed frosted window to rear aspect.
Outbuilding
Externally to the rear there is a brick outbuilding with power and light ideal for storage.
Tenure
Leasehold. 125 years from 2002. 102 years remaining.
Local Authority
City of Lincoln Council.
Charges
We believe the current combined ground rent and service charge comes to £368 and is paid quarterly by the current owners.
Note to Investors
We believe the property could achieve a monthly rent of £800 resulting in an annual return of £9600. If you were to purchase the property at the current asking price you would receive a gross rental yield of 7.68%.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
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 travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Stamp End, Lincoln, Lincolnshire, LN2
Additional Information
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Property refLIN240515
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EPCD
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TenureLeasehold
-
Lease length102 years
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Council TaxA
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Local authorityCity Of Lincoln Council
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Ground Rent£10
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Ground Rent ReviewContact the branch
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Service Charge£368
Two double glazed windows to front aspect, two radiators.
Being fitted with a range of eye level wall and base units with contrasting work surfaces fitted over, space for cooker, double glazed window to rear aspect, space for fridge freezer, space and plumbing for washing machine, sink with drainer and mixer tap over, wall mounted gas combination boiler.
Double glazed window to front aspect, radiator, fitted wardrobes.
Double glazed window to front aspect, radiator.
Double glazed window to front aspect, radiator.
Comprising of walk in shower cubicle with Rainfall shower unit over, vanity wash hand basin, double glazed frosted window to rear aspect, stainless steel heated towel rail.
The pin shows the exact address of the property
Energy Efficiency Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
Current
66Potential
75CO2 Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs