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Swallowbeck Court, Lincoln


Price £2,200,000

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Overview

Apartment for sale in Swallowbeck Court, Lincoln

A UNIQUE INVESTMENT OPPORTUNITY - 16 x TWO BEDROOMED SELF CONTAINED APARTMENTS AND 1 X THREE BEDROOMED DETACHED BUNGALOW. The properties were built by Messrs Barker and Sons and benefit from gas central heating, uPVC double glazing and designated parking space. The apartments have internal accommodation to comprise of Entrance Hall, Lounge, Fitted Kitchen, two Bedrooms and Bathroom. The bungalow also benefits from gas central heating, uPVC double glazing and has accommodation to comprise of Entrance Hall, Lounge, Open Plan Kitchen Diner, three Bedrooms, En-Suite Bathroom to the Master Bedroom and Family Bathroom. The apartments and bungalow are let on Assured Shorthold Tenancies achieving an ANNUAL GROSS RENTAL INCOME OF £123,300 (approx. 5.6% yield).

A UNIQUE INVESTMENT OPPORTUNITY - 16 x TWO BEDROOMED SELF CONTAINED APARTMENTS AND 1 X THREE BEDROOMED DETACHED BUNGALOW. The properties were built by Messrs Barker and Sons and benefit from gas central heating, uPVC double glazing and designated parking space. The apartments have internal accommodation to comprise of Entrance Hall, Lounge, Fitted Kitchen, two Bedrooms and Bathroom. The bungalow also benefits from gas central heating, uPVC double glazing and has accommodation to comprise of Entrance Hall, Lounge, Open Plan Kitchen Diner, three Bedrooms, En-Suite Bathroom to the Master Bedroom and Family Bathroom. The apartments and bungalow are let on Assu... Read more

Key Info

  • INVESTMENT OPPORTUNITY
  • 16 Two Bedroomed Apartments
  • 1 Three Bedroomed Bungalow
  • The Apartments & Bungalow achieve an annual gross rental income of £123,300 (approx. 5.6% yield)
  • Gas Central Heating & uPVC Double Glazing
  • Apartment EPC Energy Ratings - B (81)
  • Bungalow EPC Energy Rating - B (82)

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Amount Borrowed: £200,000
Term: 25 years
Interest rate: 3.5%
Total Monthly Payment:
£1,001.25
Total amount repayable:
£300,374
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