4 bedroom house for sale

Overview

Investment Consideration: Gross Initial Yield: 8.63% Rental Income: £22,440 p.a. VAT is NOT applicable to this property Comprises 4-bed HMO with communal kitchen, living room and 2 communal bathrooms Situated within 25 minute walk from the University of Lincoln, a 15 minute walk from Bishop Grosseteste University and a 15 minute walk from Lincoln's City Centre. Property Description: Comprises mid-terrace 4-bedroom HMO, newly refurbished to a high standard and arranged as a ground floor kitchen, living/dining room and 1 bedroom, with 3 bedrooms and 2 communal bathrooms at first floor. Ground Floor: 46 sq m (495 sq ft) First Floor: 43 sq m (463 sq ft) Total GIA: 89 sq m (958 sq ft) HMO Licensed Property (C4 use class) Reference - 2018/0763/CLE Tenancy: The property is at present let to Individuals for a term of 51 Weeks from 30th August 2023 at a current rent of £20,655 p.a. Deposit held of £1,200. New AST signed for 51 Weeks from 30th August 2024 at agreed rent of £22,440 p.a. Vendor will top up rent, so the buyer receives the equivalent of £22,440 p.a. from completion. Location: The property is located on Cecil Street within a residential area just a 15 minute walk from Lincoln's City Centre, 25 minute walk from the University of Lincoln, a 15 minute walk from Bishop Grosseteste University. The city's train station is located just a 15 minute walk from the property. The station offers regular connections throughout the country, with regular services running to Newark Northgate, Edinburgh and London Kings Cross. For more details and to contact: https://realtyww.info/houses_lincoln-d196656/for-sale_i71818981