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Foss Bank, Lincoln2 bedroom Mid Terraced House for sale

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About this property

DESCRIPTION INVESTMENT OPPORTUNITY! A two bedroomed house share situated in this riverside location and within a short walk to Lincoln City Centre and Lincoln University. The property is currently let for the 2020/2021 academic year with an approximate income of £11,220 per annum over 51 weeks, offering a potential yield of approximately 7.23%. The property is also let for the upcoming 2021/2022 academic year with an approx. income of £11,730 per annum over a 51 week period with an approx. yield of 7.56%. Internally the property offers living accommodation comprising of Entrance Hallway, Lounge, Dining Room, Kitchen and First Floor Landing leading to two Bedrooms and Bathroom. The property has a small courtyard to the rear of the property and has the additional benefit of off road parking.

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 – Any potential buyer should check all income figures with their solicitors prior to exchange and completion.

ENTRANCE HALL With laminate flooring, stairs to the first floor and doors to lounge and dining room.

LOUNGE 11′ 9" x 11′ 5" (3.58m x 3.48m) , with UPVC double glazed window to the front elevation, laminate flooring and radiator.

DINING ROOM 11′ 7" x 11′ 5" (3.53m x 3.48m) , with UPVC double glazed external door to the rear elevation, under stairs storage cupboard and laminate flooring.

KITCHEN 10′ 0" x 4′ 9" (3.05m x 1.45m) , with tiled flooring, fitted with a range of wall, base units and drawers with work surfaces over, tiled splashbacks, integral oven, four ring gas hob, plumbing and space for washing machine, space for fridge and UPVC double glazed window to the side elevation.

FIRST FLOOR LANDING With doors to two bedrooms and bathroom.

BEDROOM 12′ 1" x 11′ 1" (3.68m x 3.38m) , with UPVC double glazed window to the rear elevation, over stairs storage cupboard and radiator.

BEDROOM 10′ 5" x 9′ 0" (3.18m x 2.74m) , with UPVC double glazed window to the front elevation and radiator.

BATHROOM 11′ 8" x 3′ 7" (3.56m x 1.09m) , with UPVC double glazed window to the front elevation, vinyl flooring, suite to comprise of low level WC, wash hand basin and corner bath with electric shower over, heated towel rail and extractor fan.

OUTSIDE There is a shared passageway leading to the rear courtyard and off road parking.