About this property
DESCRIPTION HMO INVESTMENT OPPORTUNITY. A fantastic opportunity to purchase this four bedroomed HMO investment property in this popular area to the north of the City of Lincoln and within close proximity and a short walk to the Bishop Grosseteste University and the Lincoln Bailgate and Cathedral Quarter. The property is let for the upcoming 2020/2021 year and let at £90 per week per room including bills over a 48 week term, generating an approximate yearly income of £17,280 per annum (approx. yield of 8%). The property itself is well-maintained and well-presented throughout and offers accommodation comprising of Entrance Hallway, Bedroom 4, Communal Room, Kitchen, Rear Entrance Lobby, Bathroom and First Floor Landing leading to Bedroom 1 with WC, Bedroom 2 and Bedroom 3. Outside there is a front courtyard and a shared passageway leading to the rear garden.
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 HALL With UPVC double glazed external door to the side elevation, vinyl flooring, stairs to the first floor and doors to bedroom 4 and communal room.
BEDROOM 4 12′ 2" x 11′ 3" (3.71m x 3.43m) , with UPVC double glazed window to front elevation, radiator, feature fireplace, built-in cupboards and shelving.
COMMUNAL ROOM 12′ 2" x 12′ 2" (3.71m x 3.71m) , with UPVC double glazed window to the rear elevation, vinyl flooring, radiator, under stairs storage cupboard and opening to kitchen.
KITCHEN 11′ 4" x 6′ 9" (3.45m x 2.06m) , with UPVC double glazed window to the side elevation, fitted with a range of wall, base units and drawers with work surfaces over, tiled splashbacks, 1 1/2 bowl stainless steel sink unit and drainer, integral oven, integral microwave, four ring gas hob with extractor fan over, integral fridge freezer, dishwasher and door into rear entrance lobby.
REAR ENTRANCE LOBBY With UPVC double glazed door to the side elevation, washing machine, fridge, extractor fan and door to bathroom.
BATHROOM 7′ 1" x 6′ 9" (2.16m x 2.06m) , with UPVC double glazed window to the side elevation, vinyl flooring, suite to comprise of low level WC, wash hand basin and bath with mains shower over, vanity wall mirror, radiator and extractor fan.
FIRST FLOOR LANDING With doors to three bedrooms.
BEDROOM 1 12′ 2" x 11′ 2" (3.71m x 3.4m) , with UPVC double glazed window to the front elevation, radiator and door to WC.
W.C With vinyl flooring, low level WC, wash hand basin and tiled splashback.
BEDROOM 2 12′ 2" x 7′ 1" (3.71m x 2.16m) , with UPVC double glazed window to the rear elevation, radiator and spotlighting.
BEDROOM 3 9′ 4" x 8′ 4" (2.84m x 2.54m) , with UPVC double glazed window to the rear elevation and radiator.
OUTSIDE To the front of the property there is a courtyard and a shared passageway leading to the rear garden. The rear garden with a lawned area, hardstanding area, paved seating area and a brick outbuilding.