Property Details

West Parade, West End, Lincoln£225,000

On MarketStarkey&Brown Lincoln - 01522 84584500018931

House Of Multiple Occupancy
Prime Student Location
5 Double Bedrooms
2 Shower Rooms
Gross Income £21,840
Gross Yield 9.7% Per Annum
Potential To Increase Revenue
Call Today To View!

5 BED HMO! Located in the sought after west end area of Lincoln, within walking distance of The University of Lincoln and the city centre is this five bedroom house of multiple occupancy on West Parade. The property currently generates an income of £21,840 (a gross return of 9.7%) and offers excellent potential to remodel and generate even more healthy revenues. Accommodation briefly comprises entrance hallway, 13'10 communal living room, 9'6 kitchen, five double bedrooms (two to the ground floor, three to the first floor) and two first floor shower rooms. Outside the property has an enclosed garden with brick built outbuilding. Call today for further information. Council tax band: B. Freehold.

Entrance Hallway
Having front entrance door and stairs rising to first floor.
Lounge13' 10'' min x 8' 0'' (4.21m x 2.44m)
Having laminate wood effect flooring and radiator.
Kitchen9' 6'' x 8' 0'' (2.89m x 2.44m)
Having a range of matching wall and base units, stainless steel sink and drainer unit with mixer taps over, built-in oven, hob and cooker hood, space for full height fridge freezer, plumbing for washing machine, tiled effect vinyl flooring and uPVC door to rear.
Bedroom 515' 10'' into bay x 10' 6'' max (4.82m x 3.20m)
Having walk-in bay window to front aspect, radiator, picture rail and coved ceiling.
Bedroom 410' 10'' max x 10' 8'' max (3.30m x 3.25m)
Having radiator, dado rail, understairs storage area and uPVC door leading to garden.
First Floor Landing
Having skylight, access to loft, radiator and dado rail.
Bedroom 313' 6'' into bay x 13' 10'' max (4.11m x 4.21m)
Having walk-in bay window to front aspect, ornamental cast iron fireplace, radiator and picture rail.
Bedroom 211' 1'' x 11' 0'' max (3.38m x 3.35m)
Having radiator and picture rail.
Shower Room 1
Having 3 piece suite comprising corner shower cubicle with aquaboard splashbacks and electric shower appliance, pedestal wash hand basin, low level WC, vinyl flooring, heated towel rail and extractor.
Bedroom 112' 3'' x 8' 0'' (3.73m x 2.44m)
Having radiator.
Shower Room 2
Having corner shower cubicle with aquaboard splashbacks and mains fed shower, pedestal wash hand basin, low level WC, heated towel rail, vinyl flooring and extractor.
Outside Rear
To the rear of the property there is an enclosed garden comprising lawn with concrete patio area, 2 brick built outbuildings and gate leading to rear.

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