About this property
INVESTMENT OPPORTUNITY – This is a three bedroomed end terraced house situated in a popular West End Location and being close to Lincoln University and Lincoln City Centre. We have been advised by the vendor that the property is let for 2020/2021 generating a gross rental income of £14,040, offering an approx. yield of 8.25% (based on the current asking price of £170,000). The internal accommodation briefly comprises of Shared Entrance Passage, Main Entrance Hall, Front Reception Room/Room 4, Sitting Room, Fitted Kitchen and First Floor Landing leading to three further Bedrooms and Bathroom. Outside there is a rear yard and outbuilding. The property represents an excellent investment opportunity.
LOCATION The property is well located on Carholme Road in the West End of the City and being close to Central Lincoln and Lincoln University. There is also easy access to all High Street facilities.
SHARED ENTRANCE PASSAGE
MAIN ENTRANCE HALL With main entrance door and stairs rising to the First Floor Landing.
BEDROOM 12′ 8" (plus bay) x 11′ 5" (3.86m x 3.48m) With uPVC bay window to front elevation and single radiator.
RECEPTION ROOM/SITTING ROOM 12′ 7" x 11′ 1" (3.84m x 3.38m) With uPVC window to rear elevation, single radiator and under stairs storage area housing the gas central heating boiler.
FITTED KITCHEN 11′ 2" x 5′ 8" (3.4m x 1.73m) Fitted with a range of wall, base units and drawers with work surfaces over, part tiled surround, plumbing for washing machine, sink unit and drainer, extractor fan and uPVC window to side elevation.
FIRST FLOOR LANDING
STORE ROOM 11′ 4" x 6′ 0" (3.45m x 1.83m) With uPVC window to side elevation and single radiator.
BEDROOM 10′ 9" x 6′ 11" (3.28m x 2.11m) With uPVC window to rear elevation and single radiator.
BEDROOM 12′ 9" x 11′ 7" (3.89m x 3.53m) With uPVC window to front elevation, single radiator and two walk-in storage cupboards.
BATHROOM With suite to comprise of bath with shower over, WC and wash basin and part tiled surround.
OUTSIDE There is a shared entrance passage leading to the rear yard with outbuilding.
TENANCY INFORMATION We have been advised that there is a gross income of £14,040 per annum over a 51 Week period.