About this property
INVESTMENT OPPORTUNITY – This is a four bedroomed 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 Vendors that currently all rooms are let for 2020/2021 generating a gross rental income of £17,679.96 per annum offering an approx. yield of 8.41% (Based on the current asking price of £210,000). The internal accommodation briefly comprises of Shared Entrance Passage, Main Entrance Hall, Bedroom/Front Reception Room, Reception Room/Sitting Room, Fitted Kitchen, Ground Floor Bathroom and First Floor Landing leading to three further Bedrooms. Outside there is a rear yard/garden and the property represents an excellent investment opportunity.
LOCATION The property is well located on Moor Street within the West End of the City, 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.
FRONT RECEPTION ROOM/ROOM 4 11′ 6" x 11′ 2" (3.51m x 3.4m) With uPVC window to front elevation and single radiator.
RECEPTION ROOM/SITTING ROOM 12′ 2" x 11′ 0" (3.71m x 3.35m) With uPVC window to rear elevation and single radiator.
FITTED KITCHEN 14′ 4" x 11′ 2" (maximum measurements for L-shape) (4.37m x 3.4m) Fitted with a range of wall, base units and drawers with work surfaces over, fitted oven and hob, single radiator, plumbing for washing machine, extractor hood, part tiled surround and uPVC windows to side and rear elevations.
REAR ENTRANCE With rear entrance door and gas central heating boiler.
BATHROOM With suite to comprise bath with shower attachment, WC and washbasin, tiled walls, single radiator, extractor fan and uPVC window to side elevation
FIRST FLOOR LANDING With access to roof void.
ROOM 1 12′ 2" x 11′ 8" (3.71m x 3.56m) With uPVC window to rear elevation and single radiator.
ROOM 2 11′ 3" x 6′ 7" (3.43m x 2.01m) With uPVC window to front elevation and single radiator.
ROOM 3 11′ 2" x 8′ 6" (3.4m x 2.59m) With uPVC window to front elevation and single radiator.
OUTSIDE There is a shared entrance passage leading to the rear yard with gravelled area and brick barbecue.
TENANCY INFORMATION We have been advised that there is a gross income of £17,679.96 per annum over a 52 week period.