About this property
This is a great investment opportunity of a five bedroomed HMO compliant student home situated in this prime student West End location and within a sort walk to the Lincoln University. The property is currently achieving an annual rent of approx. £24,990 offering an approximate yield of 9.25%. Internally the property offers accommodation comprising of Entrance Hallway, Bedroom 5, Communal Room, Kitchen, Bathroom and First Floor Landing leading to Four Bedrooms and a Second Shower Room. Outside there is a low maintenance 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.
NOTE – All rental figures should be checked prior to exchange of contracts.
ENTRANCE HALL With UPVC double glazed external door to the front elevation, stairs to the first floor and doors leading to bedroom 5 and communal room.
COMMUNAL ROOM 12′ 4" x 11′ 8" (3.76m x 3.56m) , with UPVC double glazed window to the rear elevation, radiator and door to kitchen.
KITCHEN 20′ 5" x 7′ 2" (6.22m x 2.18m) , with UPVC double glazed external door and four windows to the side elevation, tiled flooring, fitted with a range of wall, base units and drawers with work surfaces over, tiled splashbacks, 1 1/2 bowl porcelain sink unit and drainer, integral oven, four ring gas hob with extractor fan over, plumbing and spaces for dishwasher and washing machine, space for fridge freezer and door to bathroom.
BATHROOM 6′ 8" x 6′ 7" (2.03m x 2.01m) , with two UPVC double glazed windows to the side elevation, tiled flooring, fully tiled walls, suite to comprise of low level WC, wash hand basin and bath with shower over, heated towel rail and extractor fan.
BEDROOM 5 11′ 8" x 12′ 4" (3.56m x 3.76m) , with UPVC double glazed window to the front elevation and radiator.
FIRST FLOOR LANDING With banister rail and doors to four bedroom and shower room.
BEDROOM 1 11′ 6" x 7′ 3" (3.51m x 2.21m) , with UPVC double glazed window to the side elevation and radiator.
BEDROOM 2 11′ 7" x 9′ 8" (3.53m x 2.95m) , with UPVC double glazed window to the rear elevation and radiator.
BEDROOM 3 11′ 8" x 8′ 7" (3.56m x 2.62m) , with UPVC double glazed window to the front elevation and radiator.
BEDROOM 4 11′ 7" x 6′ 8" (3.53m x 2.03m) , with UPVC double glazed window to the front elevation and radiator.
SHOWER ROOM 8′ 3" x 3′ 5" (2.51m x 1.04m) , with UPVC double glazed window to the side elevation, fully tiled walls and suite to comprise of low level WC, wash hand basin and walk-in shower cubicle, heated towel rail and extractor fan.
OUTSIDE There is a low maintenance courtyard garden to the rear.