- Three Bedroom Mid Terrace property
- Investment opportunity with tenants in situ
- Generating £875 per calendar month
- Accommodation set over Three Floors
- Spacious Kitchen/Diner
- Loft Room
- Low-maintenance rear yard
- Ideal for investors seeking immediate return
- EPC Energy Rating - D
- Council Tax Band - A (Lincoln City Council)
3 Bedroom Terraced House for sale in Lincoln
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A spacious three Bedroom Mid Terrace property, located within the popular Monks Road area and offered for sale with tenants in situ, providing a ready-made investment opportunity. The property offers well-proportioned accommodation set over Three Floors, generating an income of £875 per calendar month, representing a 7.24% yield. The internal accommodation briefly comprises of Entrance Hallway, Kitchen/Diner, Lounge, Ground Floor Bathroom and stairs rising to the First Floor Landing leading to three Bedroom and stairs to the Second Floor giving access to the loft room.
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 Lincoln Bishop University.
INVESTMENT INFORMATION • Tenants in situ
• Current rental income: £875 pcm (£10,500 per annum)
• Gross yield: 7.24% (based on asking price)
ENTRANCE HALL Accessed via a shared passageway, with tiled flooring, access to the main living areas and stairs rising to the first floor.
LOUNGE 11' 6" x 11' 5" (3.51m x 3.48m) A bay fronted reception room with UPVC double glazed window, radiator, feature fireplace and glazed internal door.
KITCHEN/DINER 12' 3" x 11' 5" (3.73m x 3.48m) Fitted with a range of wall and base units with work surfaces over, incorporating a 1½ bowl sink with drainer and mixer tap, gas hob with electric oven and extractor over, tiled flooring, splashbacks, radiator, understairs storage cupboard, spaces for fridge freezer, washing machine and dining table. UPVC double glazed window to the rear aspect and door providing access to the rear yard.
BATHROOM Fitted with a four piece suite comprising of bath, separate shower cubicle, WC and wash hand basin, tiled flooring, splashbacks, chrome heated towel rail, wall mounted gas boiler, extractor and frosted UPVC double glazed window.
FIRST FLOOR LANDING Providing access to three double bedrooms with stairs rising to the second floor.
BEDROOM 1 12' 4" x 11' 5" (3.76m x 3.48m) A rear facing double bedroom with UPVC double glazed window, radiator and overstairs storage cupboard.
BEDROOM 2 8' 9" x 7' 6" (2.67m x 2.29m) A front facing double bedroom with UPVC double glazed window and radiator.
BEDROOM 3 8' 9" x 7' 1" (2.67m x 2.16m) A further front facing double bedroom with UPVC double glazed window and radiator.
LOFT ROOM 18' max x 14' 11" (5.49m x 4.55m) A spacious loft conversion with UPVC double glazed window to the rear aspect, offering a generous space.
OUTSIDE To the rear, there is a low maintenance enclosed yard, accessed via the kitchen diner or shared passageway. To the front, the property is set behind a low level brick wall with on-street parking available.
Property Ref: 102125033498
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Mundys (Lincoln)
29 Silver Street, Lincoln, Lincolnshire, LN2 1AS
01522 510044
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