About this property
DESCRIPTION GREAT INVESTMENT OPPORTUNITY – Three Bedroomed Student House – All Rooms Currently Let – HMO Compliant. This is a great investment opportunity of a three 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. £15,300 per annum offering an approximate yield of 9%. The property is also let for the 2020/2021 term at £95 per room / per week (inclusive of bills) giving an approx. income of £14,535 per annum and an approx. yield of 8.55%. Internally the property offers accommodation comprising of Entrance Hallway, Communal Room, Kitchen, Downstairs Bedroom and First Floor Landing leading to two further Bedrooms and a Bathroom. Outside there is a shared entrance passage leading to a rear courtyard.
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, stairs to the first floor and doors to communal room and bedroom.
COMMUNAL ROOM 12′ 2" x 11′ 1" (3.71m x 3.38m) , with UPVC double glazed window to the rear elevation, radiator and door to kitchen.
KITCHEN 16′ 7" x 6′ 2" (5.05m x 1.88m) , with UPVC double glazed window and external door to the side elevation, fitted with a range of wall, base units and drawers with work surfaces over and tiled splashbacks, 1 1/2 bowl sink unit and drainer with mixer tap, integral oven, four ring gas hob with extractor fan over, space for fridge freezer and plumbing and space for washing machine.
BEDROOM 11′ 4" x 11′ 0" (3.45m x 3.35m) , with UPVC double glazed bay window to the front elevation and radiator.
FIRST FLOOR LANDING With banister rail, access to the roof void and doors to two bedrooms and bathroom.
BEDROOM 11′ 4" x 11′ 0" (3.45m x 3.35m) , with UPVC double glazed window to the front elevation and radiator.
BEDROOM 12′ 6" x 7′ 4" (3.81m x 2.24m) , with UPVC double glazed window to the rear elevation and radiator.
BATHROOM 7′ 4" x 6′ 1" (2.24m x 1.85m) , with UPVC double glazed window to the side elevation, suite to comprise of low level WC, wash hand basin and bath with shower over, fully tiled walls and heated towel rail.
OUTSIDE There is a shared entrance passageway leading to a rear courtyard garden.