- HOME OF MULTIPLE OCCUPANCY
- 5 Lettable Bedrooms
- 2 Shower Rooms
- Communal Room & Kitchen
- Well Located for City Centre & University
- Potential Gross Income of £29,835 (£117 per room per week)
- Potential Gross Yield of 11%
- EPC Energy Rating - D
- Council Tax Band - B (Lincoln City Council)
5 Bedroom Terraced House for sale in Lincoln
5
2
A HOME OF MULTIPLE OCCUPANCY - INVESTMENT OPPORTUNITY - A five lettable bedroomed mid-terraced house situated on Carholme Road and well located for Lincoln City Centre and Lincoln University. The property has recently been redecorated throughout and has two modern Bathrooms (one on each floor), we estimate a potential gross income of approximate £29,835 per annum (based on £117.00 per bedroom per week over a 51 week period). This gives a potential yield of approximately 11%. The property is let for the remainder of the 2023/24 academic year. In further detail the accommodation comprises of Entrance Hallway, Communal Room, Kitchen, downstairs Bathroom and downstairs Bedroom. The First Floor Landing leads to four further Bedrooms and a Shower Room. Outside there are low maintenance gardens to both the front and rear of the property.
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.
NOTES The property has recently inspected by Lincoln City Council HMO Licencing Department and passed without issue.
There is a satisfactory EICR in place, valid until 2026.
A new boiler was installed in 2021 with a 12 year guarantee.
Recently redecorated throughout.
DISCLAIMER The photographs used in the marketing of this property were taken prior to the redecoration taking place - the house has been decorated in light grey throughout with new carpets to the hall, stairs and landing, along with heavy duty entrance matting.
HALL
BEDROOM 11' 6" x 12' 5" (3.51m x 3.78m)
COMMUNAL ROOM 11' 8" x 12' 5" (3.56m x 3.78m)
KITCHEN 20' 3" x 8' 2" (6.17m x 2.49m)
BATHROOM 7' 0" x 8' 2" (2.13m x 2.49m)
FIRST FLOOR LANDING
BEDROOM 11' 1" x 6' 11" (3.38m x 2.11m)
BEDROOM 11' 1" x 8' 5" (3.38m x 2.57m)
BEDROOM 12' 1" x 7' 1" (3.68m x 2.16m)
BEDROOM 11' 5" x 8' 2" (3.48m x 2.49m)
SHOWER ROOM 8' 7" x 3' 7" (2.62m x 1.09m)
Important information
This is a Freehold property.
Property Ref: 58704_102125023958
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Mundys (Lincoln)
29 Silver Street, Lincoln, Lincolnshire, LN2 1AS
01522 510044
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