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For saleReduced 26 Dec 2025
£110,000

Riverside Lawns, Peel Street, Lincoln, Lincolnshire, LN5 8GA

2bedrooms
1bathroom
Flattype
Leaseholdtenure

Listed 21 Feb 2023 · price reduced 26 Dec 2025 · Lincoln

How the price compares

This home£110,000
Median 2 bed in LN5£130k36 homes listed · £224 per sq ft
Difference-15%below the area median

Key features

  • Upper Floor Apartment
  • Superb Investment Opportunity
  • Tenants in Situ
  • EPC Grade C
  • Lincoln City District Council
  • Council Tax Band A
  • Allocated Parking
  • No Onward Chain

About this home

***SUPERB INVESTMENT OPPORTUNITY*** This modern upper floor apartment sits conveniently close to Lincoln City Centre and is being sold with tenants in situ making this a fantastic next addition to the investment portfolio. Benefitting from a balcony and allocated parking. NO ONWARD CHAIN! Lincoln City District Council-Band A.

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.

NHY230045/2

Description ***SUPERB INVESTMENT OPPORTUNITY*** Being sold with sitting tenants is this modern upper floor apartment which would make a fantastic, straight forward next addition to the investment portfolio. The apartment briefly comprises; Communal Entrance, Hall, Lounge with Balcony, Kitchen, Two Bedrooms, Bathroom. Externally the property benefits from an allocated Parking Space. BEING SOLD WITH NO ONWARD CHAIN and an ACHIEVABLE RENTAL YIELD OF 8%!!! EPC GRADE C.

Location Situated off Lincoln's High Street close to the City Centre and close to a public footpath leading into the City. There are several transport links close by as well as plenty of local amenities.

Communal Entrance Safe and secure entry system in.

Hall Internal entrance door, storage cupboard off.

Lounge 4.44m x 4.13m uPVC double doors opening onto balcony area which has riverside views, electric heater, opening to:

Kitchen 3.02m x 2.3m Being fitted with a range of eye level wall and base units and contrasting work surfaces over, double glazed window, electric oven with electric hob and extractor hood over, stainless steel sink unit with drainer and mixer taps over, space and plumbing for appliances, electric heater.

Bedroom 1 4.12m x 3m Double glazed window, electric heater.

Bedroom 2 4.12m x 2.37m Double glazed window, electric heater.

Bathroom 2.55m x 1.96m Comprising of panelled bath with shower fitted over, low level WC, pedestal wash hand basin, airing cupboard off housing hot water cylinder.

Balcony Steel framed with views over the canal.

Tenure & Charges

Leasehold- 101 years remaining. Service charge- £1600 per annum paid 6 monthly. Ground rent-£10 per annum.

Local Authority Lincoln City District Council.

Property details

Property type
Flat
Council tax band
A
Tenure
Leasehold
Lease remaining
98 years left
Ground rent
£10 per year (Ask agent about the review period)
Service charge
£1,600 per year
Parking
Yes

Floorplan

FLOOR-PLAN

Location

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  • Lincoln Central Station0.6 mi
  • Hykeham Station2.7 mi
  • Saxilby Station5.8 mi

What nearby homes sold for

Median sold prices in LN5 over the last 12 months: detached £325k · terraced £148k · semi-detached £210k · flat £103k.

AddressTypeSoldPrice
3 Riverside Lawns
Lincoln LN5 8GA
Flat
Leasehold
5 Dec 2025£134,000
1c, Riverside Lawns
Lincoln LN5 8GA
Flat
Leasehold
24 Mar 2025£160,000

Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in LN5

Buying costs

Monthly repayment£550£11,000 deposit · £99,000 loan
Stamp Duty£0England rates

Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.

Listed by Your Move, Lincoln on Rightmove (original listing). First listed 21 Feb 2023; details checked 7 Nov 2026. Latest change: reduced on 26/12/2025.

Agent disclaimer

Disclaimer - Property reference NHY230045. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Your Move, Lincoln. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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