1 /31
£385,000
Mill Road, Lincoln, LN1
- 3 beds
£385,000
- 3 beds
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Estimate monthly mortgage payment:
£1,758 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£19,250
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*** IDEAL INVESTMENT WITH TENANTS IN SITU - SET IN THE HEART OF UPHILL LINCOLN WITH CATHEDRAL VIEWS FROM THE TOP FLOOR ***
This 6-year-old property offers a solid 4.68% gross rental yield (?1300 PER MONTH), making it an attractive choice for landlords seeking reliable rental income and long-term capital appreciation. With four years remaining on the new-build warranty, investors benefit from peace of mind and minimal maintenance costs.
The property is in excellent condition, requiring no immediate renovations or upgrades?ideal for a turnkey investment. Its modern build quality and energy efficiency appeal to tenants, ensuring strong demand and reducing vacancy risk.
A perfect blend of rental returns, low upkeep, and long-term security, this investment is positioned for both steady cash flow and future growth
Situated in the sought-after uphill Lincoln location, this contemporary property briefly comprises to the ground floor of this impressive residence boasts a spacious entrance hall with large under stairs cupboard, Lounge, Utility/WC and an open-plan kitchen/living/dining space, characterized by a large skylight window that fills the room with natural light. Bifold doors seamlessly connect the interior to the private rear garden, which features a modern patio?an ideal setting for socializing and entertaining. Underfloor heating, oak internal doors and stylish chrome sockets and switches contribute to the overall contemporary feel of the ground floor.
The kitchen is a standout feature with its high internal specification, including quartz worktops, integrated Bosch appliances, and a central island with built-in storage and hob. The same level of specification is maintained in the separate utility room.
Moving to the first floor, two double bedrooms each come with ensuite shower rooms, showcasing a continuation of the high specification seen throughout the property. The ensuite bathrooms feature modern sanitary ware, heated towel rails, and fully tiled showers. The second floor is dedicated to the master bedroom, which boasts an impressive 4-piece family bathroom complete with a freestanding bath, built-in eaves storage and a stunning window with views of the Cathedral.
Mill Road offers permit parking for residents along with the option of visitors permits also, the location is one of the best being a short walk to the Lincoln Cathedral, Bailgate area and West Common.
INTERNAL VIDEO TOUR AND DRONE VIDEO OF UPHILL LOCATION AVAILABLE
CALL KINETIC TODAY TO ARRANGE YOUR INTERNAL VIEWING!
Entrance Hall
Accessed via the front door having engineered oak flooring with underfloor heating, power points, large storage cupboard, wall mounted mirror, wall mounted alarm panel, stairs rising to first floor landing and doors leading to the lounge, utility and open plan kitchen/diner.
Lounge 3.90m (12' 10') x 2.93m (9' 7')
Having engineered oak flooring with underfloor heating, power points, window to front aspect with fitted shutters and tv point.
Open Plan Kitchen/Living/Dining Room 7.69m (25' 3') x 3.31m (10' 10')
An amazing open plan versatile room perfect for entertaining having modern eye and base units with quartz work surfaces over, inset sink and drainer, integrated bosch appliances to include oven, hob, extractor, microwave, dishwasher and fridge. The room also offers engineered oak flooring with underfloor heating, power points, large skylight window and bi-folds into the rear garden.
Utility Room 2.79m (9' 2') x 1.59m (5' 3')
A modern spacious utility having the added benefit of a WC, also offering matching eye and base units with quartz work surfaces over and inset sink and drainer, integrated washing machine and freezer, power points and underfloor heating.
First Floor Landing
Having fitted carpet, storage cupboard housing the boiler, stairs rising to second floor and doors leading to bedrooms 2 and 3.
Bedroom 3.92m (12' 10') x 2.94m (9' 8')
Having fitted carpet, power points, fitted rail/dressing area, power points, radiator, window with fitted shutters and access to its own ensuite.
Ensuite
Offering a modern 3 piece suite to include low level WC, wash hand basin with vanity storage, wall mounted mirror, shower enclosure, heated towel rail, extractor and frosted window.
Bedroom 3.92m (12' 10') x 2.96m (9' 9')
Having fitted carpet, power points, fitted rail/dressing area, power points, radiator, window with fitted shutters and access to its own ensuite.
Ensuite
Offering a modern 3 piece suite to include low level WC, wash hand basin with vanity storage, wall mounted mirror, shower enclosure, heated towel rail, extractor and frosted window.
Top floor Bedroom 5.05m (16' 7') x 3.90m (12' 10')
A spacious top floor master bedroom offering an area for a bed and choice of a dressing area if required, fitted carpet, eves storage, power points, radiator, window over looking the west common side of the city and door into the ensuite.
Top floor Ensuite
An impressive modern 4 piece suite to include low level WC, wash hand basin with vanity storage, wall mounted mirror, shower enclosure, freestanding bath with beautiful views of the cathedral, heated towel rail, extractor, eves storage and velux window.
Outside
To the rear there is a fully enclosed garden which has a wonderful patio area, outside lighting, outside tap, side passage with gated access. Mill Road offers permit parking for residents along with the option of visitors permits also, the location is one of the best being a short walk to the Lincoln Cathedral, Bailgate area and West Common.
Further information
Tenure - Freehold
Council Tax Band - C
Local Authority - Lincoln City
Connection - Connected to mains gas, electric water and drainage
There is underfloor heating to the ground floor
Disclaimer
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.
This 6-year-old property offers a solid 4.68% gross rental yield (?1300 PER MONTH), making it an attractive choice for landlords seeking reliable rental income and long-term capital appreciation. With four years remaining on the new-build warranty, investors benefit from peace of mind and minimal maintenance costs.
The property is in excellent condition, requiring no immediate renovations or upgrades?ideal for a turnkey investment. Its modern build quality and energy efficiency appeal to tenants, ensuring strong demand and reducing vacancy risk.
A perfect blend of rental returns, low upkeep, and long-term security, this investment is positioned for both steady cash flow and future growth
Situated in the sought-after uphill Lincoln location, this contemporary property briefly comprises to the ground floor of this impressive residence boasts a spacious entrance hall with large under stairs cupboard, Lounge, Utility/WC and an open-plan kitchen/living/dining space, characterized by a large skylight window that fills the room with natural light. Bifold doors seamlessly connect the interior to the private rear garden, which features a modern patio?an ideal setting for socializing and entertaining. Underfloor heating, oak internal doors and stylish chrome sockets and switches contribute to the overall contemporary feel of the ground floor.
The kitchen is a standout feature with its high internal specification, including quartz worktops, integrated Bosch appliances, and a central island with built-in storage and hob. The same level of specification is maintained in the separate utility room.
Moving to the first floor, two double bedrooms each come with ensuite shower rooms, showcasing a continuation of the high specification seen throughout the property. The ensuite bathrooms feature modern sanitary ware, heated towel rails, and fully tiled showers. The second floor is dedicated to the master bedroom, which boasts an impressive 4-piece family bathroom complete with a freestanding bath, built-in eaves storage and a stunning window with views of the Cathedral.
Mill Road offers permit parking for residents along with the option of visitors permits also, the location is one of the best being a short walk to the Lincoln Cathedral, Bailgate area and West Common.
INTERNAL VIDEO TOUR AND DRONE VIDEO OF UPHILL LOCATION AVAILABLE
CALL KINETIC TODAY TO ARRANGE YOUR INTERNAL VIEWING!
Entrance Hall
Accessed via the front door having engineered oak flooring with underfloor heating, power points, large storage cupboard, wall mounted mirror, wall mounted alarm panel, stairs rising to first floor landing and doors leading to the lounge, utility and open plan kitchen/diner.
Lounge 3.90m (12' 10') x 2.93m (9' 7')
Having engineered oak flooring with underfloor heating, power points, window to front aspect with fitted shutters and tv point.
Open Plan Kitchen/Living/Dining Room 7.69m (25' 3') x 3.31m (10' 10')
An amazing open plan versatile room perfect for entertaining having modern eye and base units with quartz work surfaces over, inset sink and drainer, integrated bosch appliances to include oven, hob, extractor, microwave, dishwasher and fridge. The room also offers engineered oak flooring with underfloor heating, power points, large skylight window and bi-folds into the rear garden.
Utility Room 2.79m (9' 2') x 1.59m (5' 3')
A modern spacious utility having the added benefit of a WC, also offering matching eye and base units with quartz work surfaces over and inset sink and drainer, integrated washing machine and freezer, power points and underfloor heating.
First Floor Landing
Having fitted carpet, storage cupboard housing the boiler, stairs rising to second floor and doors leading to bedrooms 2 and 3.
Bedroom 3.92m (12' 10') x 2.94m (9' 8')
Having fitted carpet, power points, fitted rail/dressing area, power points, radiator, window with fitted shutters and access to its own ensuite.
Ensuite
Offering a modern 3 piece suite to include low level WC, wash hand basin with vanity storage, wall mounted mirror, shower enclosure, heated towel rail, extractor and frosted window.
Bedroom 3.92m (12' 10') x 2.96m (9' 9')
Having fitted carpet, power points, fitted rail/dressing area, power points, radiator, window with fitted shutters and access to its own ensuite.
Ensuite
Offering a modern 3 piece suite to include low level WC, wash hand basin with vanity storage, wall mounted mirror, shower enclosure, heated towel rail, extractor and frosted window.
Top floor Bedroom 5.05m (16' 7') x 3.90m (12' 10')
A spacious top floor master bedroom offering an area for a bed and choice of a dressing area if required, fitted carpet, eves storage, power points, radiator, window over looking the west common side of the city and door into the ensuite.
Top floor Ensuite
An impressive modern 4 piece suite to include low level WC, wash hand basin with vanity storage, wall mounted mirror, shower enclosure, freestanding bath with beautiful views of the cathedral, heated towel rail, extractor, eves storage and velux window.
Outside
To the rear there is a fully enclosed garden which has a wonderful patio area, outside lighting, outside tap, side passage with gated access. Mill Road offers permit parking for residents along with the option of visitors permits also, the location is one of the best being a short walk to the Lincoln Cathedral, Bailgate area and West Common.
Further information
Tenure - Freehold
Council Tax Band - C
Local Authority - Lincoln City
Connection - Connected to mains gas, electric water and drainage
There is underfloor heating to the ground floor
Disclaimer
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.
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£1,758 per month
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Stamp Duty tax
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
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Mortgage and legal costs:
£999
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