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1 bed flat for sale Chesney Road, Lincoln, LN2

Guide Price

£50,000

Added two days ago

Type: Flat
Bedrooms: 1
Bathrooms: 1
Tenure: Leasehold

Key features

Sale by Modern Auction (T&Cs apply)
Subject to an undisclosed Reserve Price
Buyers fees apply
GROUND FLOOR STUDIO APARTMENT
POPULAR UPHIL LOCATION
FANTASTIC INVESTMENT OPPORTUNITY
WEALTH OF AMENITIES NEARBY
TENANT IN SITU AT £600 PCM

About this property

** ATTENTION INVESTORS ** A fantastic investment opportunity with tenant in situ at £600 pcm, this ground floor studio apartment, situated within a desirable location near to the popular Carlton Centre and a range of other amenities. Internal accommodation briefly comprises: living area/bedroom, a modern fitted kitchen, utility/dressing room and shower room. Externally, this property benefits from a garden area and allocated parking space.

Floorplan

Council tax

Ask agent

Per year

Band A

£1,570
Band B

£1,831
Band C

£2,093
Band D

£2,354
Band E

£2,877
Band F

£3,401
Band G

£3,924
Band H

£4,709

The agent hasn't said which band this home is in; you can look it up on GOV.UK. In West Lindsey, 2026/27 bills run from £1,570 a year in band A to £4,709 in band H.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across West Lindsey, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone.

Location

Chesney Road, Lincoln, LN2

Open map Street View

Mortgage and stamp duty

Property price £50,000

£25k £75k

Deposit10% £5,000

£0 £50k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £45,000 mortgage. Most lenders would want a household income of about £10,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
4, Chesney Road Detached	Detached	Apr 2025	893 sq ft £265/sq ft	893 sq ft	£265	£237,000
15, Chesney Road Terraced	Terraced	May 2024	527 sq ft £240/sq ft	527 sq ft	£240	£126,500
21, Chesney Road Semi-detached	Semi-detached	Feb 2024	560 sq ft £263/sq ft	560 sq ft	£263	£147,000
31, Chesney Road Detached	Detached	Jun 2023	743 sq ft £350/sq ft	743 sq ft	£350	£260,000
54, Chesney Road Terraced	Terraced	Jan 2023	570 sq ft £202/sq ft	570 sq ft	£202	£115,000
50, Chesney Road Semi-detached	Semi-detached	Jan 2022	1,055 sq ft £190/sq ft	1,055 sq ft	£190	£200,000
70, Chesney Road Semi-detached	Semi-detached	Aug 2021	517 sq ft £319/sq ft	517 sq ft	£319	£165,000
32, Chesney Road Terraced	Terraced	Jul 2021	366 sq ft £238/sq ft	366 sq ft	£238	£87,000