About this property
DESCRIPTION INVESTMENT OPPORTUNITY. This is a four bedroomed student house with an annual income of approx. £20,400 per annum giving an approx. yield of 9.48%. This is a great investment opportunity to purchase a HMO student house which is situated in a prime West End location within a short walk to Lincoln University and Lincoln City Centre. The property is generally in a good condition and has living accommodation briefly comprising of Entrance Hallway, Communal Room, Kitchen, Bathroom, Downstairs Bedroom and First Floor Landing leading to three Bedrooms. Outside there is a gravelled low maintenance courtyard 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.
ENTRANCE HALLWAY With external door to the side elevation, stairs to the first floor and doors leading to bedroom and communal room.
COMMUNAL ROOM 11′ 6" x 11′ 0" (3.51m x 3.35m) , with UPVC double glazed window to the rear elevation, understairs storage cupboard, radiator and door to kitchen.
KITCHEN 9′ 3" x 6′ 4" (2.82m x 1.93m) , with UPVC double glazed window and door to the side elevation, tiled flooring, fitted with a range of wall, base units and drawers with work surfaces over, tiled splashbacks, sink unit and drainer with mixer tap, integral oven, four ring gas hob with extractor fan over, space for fridge, plumbing for washing machine and door to bathroom.
BATHROOM 6′ 3" x 6′ 0" (1.91m x 1.83m) , with UPVC double glazed window to the side elevation, tiled flooring, tiled walls, suite to comprise of low level WC, wash hand basin and bath with shower over, heated towel rail and extractor fan.
GROUND FLOOR BEDROOM 11′ 5" x 11′ 1" (3.48m x 3.38m) , with UPVC double glazed window to the front elevation and radiator.
FIRST FLOOR LANDING With doors to three bedrooms.
BEDROOM 11′ 2" x 7′ 6" (3.4m x 2.29m) , with UPVC double glazed window to the front elevation and radiator.
BEDROOM 11′ 6" x 7′ 8" (3.51m x 2.34m) , with UPVC double glazed window to the rear elevation and radiator.
BEDROOM 11′ 1" x 7′ 7" (3.38m x 2.31m) , with UPVC double glazed window to the front elevation and radiator.
OUTSIDE There is a shared passageway giving access to a low maintenance gravelled courtyard garden at the rear.