- INVESTMENT OPPORTUNITY
- HOME OF MULTIPLE OCCUPANCY
- Approx Gross Yield of 10.6%
- Current Income Approx £24,072.00P.A
- Let for 2023/24 and 2024/25 Academic Year
- 4 Lettable Bedrooms
- Communal Room, Kitchen & Bathroom
- Well Located for Lincoln University
- EPC Energy Rating - D
- Council Tax Band - A (Lincoln City Council)
4 Bedroom Terraced House for sale in Lincoln
4
1
DESCRIPTION INVESTMENT OPPORTUNITY/HOME OF MULTIPLE OCCUPANCY! A four bedroomed mid terraced home of multiple occupancy located within a short walk from Lincoln University and Lincoln City Centre. The property is currently fully let for the 2023/24 academic year, with an annual income of approx. £24,072 (based on £118.00 per bedroom per week over a 51 week period). This gives an approximate yield of 10.6%. The property has also been let for the 2024/25 academic year at the same rent. There is a granted certificate of lawfulness (C4). Internally the property offers living accommodation briefly comprising of Hallway, Communal Room, Kitchen, Rear Entrance, Downstairs Bathroom, Downstairs Bedroom and a First Floor Landing leading to three further Bedrooms. Outside there is a courtyard garden to the rear.
LOCATION The historic Cathedral and University City of Lincoln has the usual High Street shops and department stores, plus banking and allied facilities, multiplex cinema, Marina and Art Gallery. The famous Steep Hill leads to the Uphill area of Lincoln and the Bailgate, with its quaint boutiques and bistros, the Castle, Cathedral and renowned Bishop Grosseteste University.
HALL 12' 0" x 11' 9" (3.66m x 3.58m)
COMMUNAL ROOM 12' 6" x 16' 7" (3.81m x 5.05m)
KITCHEN 9' 9" x 8' 0" (2.97m x 2.44m)
REAR ENTRANCE
BATHROOM 5' 3" x 8' 0" (1.6m x 2.44m)
FIRST FLOOR LANDING
BEDROOM 16' 7" x 12' 1" (5.05m x 3.68m)
BEDROOM 12' 2" x 8' 3" (3.71m x 2.51m)
BEDROOM 9' 9" x 8' 0" (2.97m x 2.44m)
OUTSIDE
Important information
This is a Freehold property.
Property Ref: 58704_102125025958
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29 Silver Street, Lincoln, Lincolnshire, LN2 1AS
01522 510044
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