Property Details

West Parade, West End, Lincoln£225,000

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!

HIGH-POTENTIAL HMO INVESTMENT OPPORTUNITY!! Starkey&Brown are delighted to present this substantial House of Multiple Occupancy, ideally situated in a highly sought-after student area just a short walk from the University of Lincoln and the City Centre. Arranged over four floors, the property is currently let and comprises five generous double bedrooms, two bathrooms, and spacious communal living areas. There is significant scope to enhance the property’s income potential through reconfiguration to provide five bedrooms each with their own ensuite facilities, while maintaining comfortable shared living spaces. Following these improvements, the property could potentially achieve a gross rental income in the region of £34,000 per annum. Contact us today to arrange your viewing. 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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