About this property
INVESTMENT OPPORTUNITY – This is a six bedroomed student house with an annual income of approximately £30,600 until 21st August 2020. Currently 5 of the 6 Bedrooms are let for 2020-21 at £92 pppw (£23,919.83 p.a) with added potential of the remaining room to be let. The Certificate of Lawfulness for a HMO has also already been granted.
This is a great investment opportunity to purchase a HMO student house situated in a prime West End Location and with in a short walk to Lincoln University and Lincoln City Centre. Internally the property offers living accommodation to comprise of Entrance Hallway, Communal Room, Kitchen, two downstairs Bedrooms and Shower Room. The First Floor Landing leads to four further Bedrooms and a Bathroom. Outside there is a paved frontage and 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 College.
ENTRANCE HALLWAY With uPVC double glazed external door to front elevation, stairs to the First Floor Landing, radiator and doors leading to Bedroom 5, Bedroom 6, Shower Room and Communal Room.
COMMUNAL ROOM 11′ 8" x 10′ 2" (3.56m x 3.1m) With uPVC double glazed window to side elevation, storage cupboards, radiator and opening to the Kitchen.
KITCHEN 10′ 0" x 9′ 4" (3.05m x 2.84m) With uPVC double glazed window to side elevation, external door to rear elevation, fitted with a range of wall, base units and drawers with work surfaces over and tiled splash-backs, integral oven and four ring ceramic hob, stainless steel sink unit and drainer, space for a fridge freezer, plumbing and space for a washing machine and extractor fan.
BEDROOM 5 14′ 0" x 11′ 0" (4.27m x 3.35m) With uPVC double glazed window to rear elevation and radiator.
BEDROOM 6 13′ 0" x 12′ 6" (3.96m x 3.81m) With uPVC double glazed bay window to front elevation and radiator.
SHOWER ROOM 5′ 2" x 4′ 8" (1.57m x 1.42m) With uPVC double glazed window to side elevation, suite to comprise of low level WC, wash hand basin and walk-in shower cubicle and heated towel rail.
FIRST FLOOR LANDING With split level landing and doors leading to four Bedrooms and Bathroom.
BEDROOM 4 11′ 5" x 10′ 4" (3.48m x 3.15m) With uPVC double glazed window to rear elevation, airing cupboard and radiator.
BATHROOM 7′ 0" x 5′ 9" (2.13m x 1.75m) With uPVC double glazed window to side elevation, suite to comprise of low level WC, wash hand basin and bath with electric shower over and heated towel rail.
BEDROOM 3 14′ 0" x 13′ 0" (4.27m x 3.96m) With uPVC double glazed window to rear elevation and radiator.
BEDROOM 2 12′ 9" x 12′ 0" (3.89m x 3.66m) With uPVC double glazed window to front elevation and radiator.
BEDROOM 1 12′ 9" x 7′ 2" (3.89m x 2.18m) With uPVC double glazed window to front elevation and radiator.
OUTSIDE There is a paved area to the front and a private passage leading to the rear courtyard garden.