Property Details

West Parade, West End, Lincoln£230,000

On MarketStarkey&Brown Lincoln - 01522 84584500017477

House Of Multiple Occupancy
Accommodation Over Four Floors
Four Double Bedrooms
Two Bathrooms
19' Communal Lounge
Fantastic Potential To Reconfigure
Potential Income Circa £34k Per Annum
Call Today To View!

HMO!! 10.12% GROSS YIELD!! Starkey&Brown are pleased to offer for sale this very well presented House of Multiple Occupancy located in a prime student location and within easy walking distance of the University of Lincoln and City Centre. This four storey property has tenancies in place for 2023/2024, generating an impressive income of £23,280 per annum, which represents a healthy 9.9% gross return - there is also excellent potential to reconfigure and further increase revenues. The property has an excellent rental track record, with accommodation which is set over four floors, briefly comprising: 19ft lounge on the lower lever, ground floor kitchen diner, four very well proportioned double bedrooms (one ground floor, two first floor and one second floor) and two large bathrooms (one lower level, one ground floor). Call today to view! Council tax band: B. Freehold.

Basement Level
Lounge19' 0'' x 11' 8'' (5.79m x 3.55m)
Having 2 radiators, window to rear and understairs storage cupboard.
Bathroom11' 7'' x 6' 8'' (3.53m x 2.03m)
Having 3 piece suite comprising panelled bath with electric shower appliance over, pedestal wash hand basin, low level WC, wood effect vinyl flooring, radiator, part tiled walls and fire escape door leading to rear.
Ground Floor
Entrance Hallway
Having side entrance door, door with stairs leading to basement level and stairs rising to first floor.
Bedroom 115' 6'' into bay x 12' 1'' (4.72m x 3.68m)
Having large walk-in bay window to front aspect, radiator and ornate coving.
Kitchen Diner13' 0'' min x 12' 1'' (3.96m x 3.68m)
Having a range of matching wall and base units, single drainer stainless steel sink unit with mixer taps over, electric cooker with cooker hood over, space for fridge and freezer, plumbing for washing machine, wood effect vinyl flooring, central heating boiler, radiator and ornate coving.
Bathroom12' 0'' x 5' 9'' min (3.65m x 1.75m)
Having 3 piece suite comprising panelled bath with electric shower appliance over, pedestal wash hand basin, low level WC, wood effect vinyl flooring, radiator and part tiled walls.
First Floor Landing
Having stairs rising to second floor.
Bedroom 213' 1'' x 12' 0'' (3.98m x 3.65m)
Having radiator.
Bedroom 312' 10'' x 12' 0'' (3.91m x 3.65m)
Having radiator.
Second Floor Landing
Having skylight window to rear.
Bedroom 415' 7'' excluding dormer x 11' 4'' max (4.75m x 3.45m)
Having radiator and large dormer window to rear aspect.
Outside Rear
To the rear of the property there is an enclosed courtyard garden.

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