Lincoln, LN5 8AQ | Investment Property for Sale | VES-LN5-002

Opportunity to purchase a terraced house in Lincoln with the potential to generate a 12.8% gross yield


Terraced House




Based on

deposit: £47,500

stamp duty: £7,000

mortgage fees: £1,500

conveyancing fees: £1,000






The property





4 bedrooms

1 bathroom

1 reception room


Fully Furnished

Property information

  • Spread over 3 floors the property comprises:
    • 4 x bedrooms
    • Lounge
    • Kitchen
    • Rear garden
  • The property was fully refurbished in the last 3 years
  • EPC rating D
  • Council tax band A

Rental information

  • The property is currently let as a short-term rental, primarily to contractors, but is also suitable for short-term weekends away
  • The vendor is considering to let to students for the next academic year as the property was a successful student let in the past
  • If let to students it is expected that the property will achieve:
    • Total rent per month: £1,700
    • Total rent per year: £20,400
  • On the short-term let the property achieved £12,200 in the last six months and is expected to achieve £24,400 per annum

Running costs

The vendor provided the current running costs for the property, which are based on the short-term lets and will likely differ when let to long-term tenants:

  • Total cost per month: £1,793
  • Total cost per year: £21,516

Location information

  • The property is located outside the city centre, around 1 mile from the centre
  • There is a bus stop a short walk away with regular services
  • Lincoln High Street and its local amenities are a short walk from the property
  • Within walking distance to the university or a 6-minute cycle ride
  • Lincoln Central railway station is 0.8 miles from the property


Please note that Vesta has not visited this property and that the vendor has provided all material.


Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Lincoln, East Midlands

Lincoln is a cathedral city and county town of Lincolnshire in the East Midlands. Lincoln is 27.3 miles south of Scunthorpe and 39 miles north-east of Nottingham.

The city of Lincoln is serviced by one main train station Lincoln Central and fortunately this property is around a 20-minute stroll away. The Majority of the services are operated by East Midlands Trains, along side a few owned by Northern and London North Eastern Railway. East Midlands Trains operates regular services to other major cities in the Midlands such as Nottingham, Doncaster, Peterborough and Sheffield, and one service a day to London St Pancras. There is also one service a day to London King’s Cross that is operated by London North Eastern Railway.

Lincoln is historically known as a tourist attraction due to its numerous historical buildings such as the cathedral, Castle and Medieval Bishop’s Palace. This property is located in the centre of town and so is in walking distance of all these sights as well as other cultural attractions like the Museum of Lincolnshire Life and the Usher Gallery. Around the River Witham that runs through the centre of town is the shopping hub of the city. The Waterside shopping centre provides the main bulk of retail options in the area, and a short hop over the High Bridge takes you to the High Street which has other retail options to satisfy one’s commercial needs. This area is also rich in a number of bars and restaurants that have a variety of dining options.

The city of Lincoln is home to many great employers that are constantly recruiting for new roles. Big employers such as Anglian Water, the Royal Air force, Danwood Group, Siemens and Fairfax management consultants. A short hour journey on the train shall deliver you in to the heart of Nottingham which has a vast array of jobs on offer also.

Lincoln is also home to two Universities, the most established being the University of Lincoln.

Dixon Street,





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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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