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6 bedroom property for sale
26, 26a & 26b Albany Street, Lincoln
£415,000
26, 26a & 26b Albany Street, Lincoln
£415,000
Price History
| Initial price | £450,000 |
| 28/09/24 | £435,000 |
| 23/10/24 | £425,000 |
| 13/07/25 | £415,000 |
| Price Change | -7.78% |
Description
This investment property comprises three separate two-bedroom dwellings, fully let until August 2025, generating approximately £45,000 gross per annum. The properties are situated in an uphill location in Lincoln, close to shops, amenities, and the Cathedral Quarter. Each property has been fully refurbished in 2022 with separate heating systems and utilities, and benefits from gas central heating, uPVC double-glazed windows, and fully fitted kitchens. The properties are sold fully furnished with all agreements in place, and are currently let for £260-£300 per week, including bills. The management fee, gas, electric, TV licenses, and water bills are paid by the landlord. The property is an excellent investment opportunity, with a potential annual return of around 7.5%.