Foster Street, Lincoln, Lincolnshire, LN5 7QE
Foster Street, Lincoln, Lincolnshire, LN5 7QE
3 Beds
1 Baths
1 Reception
Offers Over
£145,000
Three Double Bedroom Mid-Terrace Home
Tenants In Situ
£1,200 PCM Rental Income
£14,400 Annual Rental Income
Spacious Lounge
Fitted Kitchen
Ground Floor Double Bedroom
Family Bathroom
On-Road Parking
Ideal Buy-To-Let Investment
Tenanted Three Bedroom Mid-Terrace Investment Opportunity
Foster Street presents an excellent opportunity for investors seeking a fully let property with tenants already in situ, generating an annual rental income of £14,400 (£1,200pcm). This well-proportioned three-bedroom mid-terrace home offers flexible accommodation arranged over two floors, with all three bedrooms being generous doubles, making it particularly attractive as a shared rental investment.
What Kinetic Estate Agents Love About This Property
"Properties with tenants already in place offer investors immediate income from completion, and this one provides a strong return from day one." — Rob Webb, Director
"The layout works exceptionally well for shared occupancy, with three genuine double bedrooms and well-balanced living accommodation." — Nina Sharpe, Sales and Lettings Director
"The combination of spacious rooms, a central location and established tenancy makes this an appealing addition to any buy-to-let portfolio." — Louis Clayton, Sales Negotiator
Step Inside
The accommodation is arranged over two floors and offers surprisingly spacious living throughout. Entering the property, you will find a comfortable lounge providing the main living area, alongside a fitted kitchen offering ample space for day-to-day use.
To the front of the ground floor is Bedroom One, a well-proportioned double room that provides flexibility for occupiers and contributes to the property's successful rental arrangement.
The first floor comprises two further double bedrooms, both generous in size and capable of accommodating a full range of bedroom furniture. Completing the accommodation is a family bathroom serving all three bedrooms.
Externally, the property benefits from on-road parking and enjoys a convenient position close to local amenities and transport links.
The property is currently let and producing a rental income of £1,200 per calendar month (£14,400 per annum)
Current Monthly Outgoings:
Council Tax: £129pcm
Water: £68pcm
Energy: £140pcm
Life in the Foster Street Area
Foster Street enjoys a convenient residential setting with easy access to local shops, schools, leisure facilities and transport connections. The property's location continues to prove popular with tenants thanks to its accessibility and proximity to everyday amenities, helping support strong ongoing rental demand.
Material Information
(Provided by the Seller)
Part A – Key Facts
Tenure: Freehold
Council Tax Band: A
Property Type: Mid-Terrace House
Bedrooms: 3
Bathrooms: 1
Parking: On-Road Parking
Management Fee: None
Part B – Utilities & Services
Electricity: Mains Electricity
Water: Mains Water
Drainage: Mains Drainage
Heating: Gas Central
Glazing: Double Glazed
Part C – Other Information
Construction: Standard
Flood Risk: None
Rights & Easements: None
Covenants: None
Planning Permissions: None
These particulars are intended to give a fair and accurate description of the property but their accuracy cannot be guaranteed and they do not form part of any contract. All measurements, floor areas and distances are approximate and provided for guidance only. Kinetic Estate Agents have not tested any services, systems or appliances and therefore cannot verify that they are in working order. Prospective purchasers should rely on their own inspections, surveys and legal enquiries prior to purchase.
All utility and service information is believed to be accurate at the time of publication. Costs, suppliers and arrangements may be subject to change, and prospective purchasers are advised to make their own enquiries to verify current details.
Property Type
House
Property Style
Terraced
Parking
Street Parking
Tenure Type
Freehold
Council Tax Band
A
Sewerage
Mains Supply
Water
Mains
Floor Plan 1
EPC 1
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