Riverside Drive, Lincoln 2 bed flat for sale

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Riverside Drive, Lincoln 2 bed flat for sale

Riverside Drive, Lincoln
£122,000

Price History

Initial price £130,000
27/06/24 £122,000
Price Change -6.15%

Description

This first-floor apartment is available to investors only and is located off the High Street, close to shops, restaurants, and amenities. The property has two double bedrooms, each with built-in wardrobes, and a bathroom with a shower over bath. The open-plan living area has a Juliet balcony, integrated appliances, and a range of gloss wall and base units. The apartment also features electric heating, double glazing, and one allocated parking space. The leasehold property has a 125-year lease and a rental yield of 6.18% before service charges. The annual service charges are £104.72 per month, with additional water and sewerage charges invoiced quarterly. The ground rent is £150 per year, and the freehold is owned by Allison Homes Eastern Ltd. The property is well-maintained, with communal bin storage areas keeping the area clean and tidy.