Flat Above, 88B Bailgate, Lincoln
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Property summary
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More about the property
Pygott & Crone are delighted to offer To Let this good sized 2 bedroom duplex apartment located within the heart of the historic Bailgate and a minutes walk to Lincoln Cathedal and Castle Square.
The flat is accessed via a private entrance and the accommodation comprises of entrance hallway, modern kitchen with fridge freezer and washing machine, lounge, bathroom with further stairs leading to the 2nd floor occupied by two bedrooms with the rear bedroom benefiting from Cathedral views.
The flat has the added benefit of a roof top terrace with stunning cathedral view, new combi boiler and new carpets.
Agents Note:
Utilities (Shared Metering)
The landlord has advised that the utility meters for this property are shared with the commercial premises below. As a result, individual consumption is not separately metered.
Utility costs will be apportioned between the apartment and the commercial premises based on a reasonable and consistent method. Billing is managed by the occupier of the commercial premises, based on usage estimates and/or historical consumption, including periods when the apartment may have been vacant.
Prospective tenants should be aware that:
• Charges are not based on a separately metered supply
• Costs may vary depending on usage and apportionment method
• The arrangement is outside the direct control of the landlord or agent
Tenants are advised to satisfy themselves as to the suitability of this arrangement prior to entering into a tenancy
Deposit – £1,150
EPC Rating – D
Council Tax Band- TBC
Holding Deposit (per tenancy) £230.77 One week’s rent. This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
Accessing applicant(s) rent affordability:
All applicants are assessed on their outgoing credit commitments and basic expenditures relevant to renting a home. These findings are then be compared to the applicants monthly income to determine if the rent is affordable to the applicant(s). HomeLet presents this figure to the agent/landlord on the final report, which will give an understanding of the maximum rent that the applicant is able to afford based on the applicants declared monthly income. All applicants must be fully referenced by HomeLet
Affordability Example
20% of total monthly income taken for expenses (as per HomeLet’s process) minus outgoings = total rent affordability
Monthly income is £2200
20% of that is £440.00
Minus applicants monthly outgoings £400
Applicants Maximum Rent share available is £1360 – (this is an example only and doesn’t represent any figures for this specific property)
For further information on the process, please speak to a member of the rental team.