Property Details

West Parade, Lincoln£250,000 Draft Particulars - Awaiting Vendors Approval

On MarketStarkey&Brown Lincoln - 01522 84584500014987

Substantial HMO
Prime Student Location
Close To City Centre
Fantastic Potential
Four Bedrooms & Two Bathrooms
Current Income £18,065.76
Potential To Reconfigure
Opportunity For Higher Revenues

SUBSTANTIAL HMO WITH GREAT POTENTIAL! Located within the prime West End student area of Lincoln, within easy walking distance of The University of Lincoln and the city centre, is this substantial four-bedroom house of multiple occupancy on West Parade. The property is let until summer 2026, currently generating an income of £18,065.76, and offers excellent potential to reconfigure and create five bedrooms and five en-suites, which will generate significantly higher revenue. Existing layout briefly comprises a private entrance passage, an entrance hallway, a lounge with a bay window, a separate dining room, a 15'7 kitchen, a utility, and ground floor shower room. On the first floor are four well-proportioned bedrooms and an additional shower room. Outside, the property benefits from a generous rear garden. Call today to arrange a viewing! Council tax band: B. Freehold.

Entrance Passage
Having a front entrance door, a door leading into the entrance hallway, and a door leading to the garden.
Entrance Hallway
Having a radiator, ornate coving, stairs rising to the first floor, and an understairs storage cupboard.
Lounge16' 2'' into bay x 13' 6'' (4.92m x 4.11m)
Having a large walk-in bay window to the front aspect, an attractive slate fire surround, ornate coving, and a radiator.
Dining Room13' 6'' max x 12' 2'' (4.11m x 3.71m)
Having a radiator.
Kitchen15' 7'' x 8' 6'' (4.75m x 2.59m)
Having a range of matching wall and base units, a stainless steel sink unit, a built-in oven, hob and cooker hood, space for a range of additional appliances, and a uPVC door leading to the garden.
Utility Area
Having plumbing for a washing machine with worksurfacing over, a central heating boiler, and tiled effect vinyl flooring.
Shower Room
Having a three-piece suite comprising a tiled shower cubicle with electric shower appliance, a pedestal wash hand basin, a low-level WC, tiled effect vinyl flooring, a radiator, and an extractor.
First Floor Landing
Bedroom 114' 1'' max x 9' 1'' max (4.29m x 2.77m)
Having a radiator.
Bedroom 214' 1'' max x 7' 8'' max (4.29m x 2.34m)
Having a radiator.
Bedroom 312' 2'' x 8' 4'' (3.71m x 2.54m)
Having a radiator.
Bedroom 412' 2'' x 8' 3'' (3.71m x 2.51m)
Having a radiator.
Shower Room
Having a 3-piece suite comprising a shower cubicle with aquaboard splashbacks and mains-fed shower, a pedestal hand wash basin, a low-level WC, tiled vinyl flooring, a heated towel rail, LED downlights, and an extractor.
Outside Rear
To the rear of the property is an enclosed and generous sized garden.

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