Property Details

St. Faiths Street, Lincoln£160,000

On MarketStarkey&Brown Lincoln - 01522 84584500018028

Excellent Investment Property
Very Well Presented
Close To Lincoln University
2 Bedrooms, 2 En-Suites
Revenue Of £15,600 Per Annum
Impressive 9.75% Gross Return
Let Until August 2025
Excellent Rental Track Record

ATTENTION INVESTORS!! 9.75% GROSS YIELD!! Located within easy walking distance of The University of Lincoln is this very well maintained property on St Faiths Street which is fully let until August 2025, generating a healthy £15,600 per annum which equates to an impressive gross return of 9.75%. The property has been well modernised, with an excellent rental track record and has accommodation which briefly comprises lounge, modern kitchen with door to the rear garden and two double bedrooms which both have modern ensuite shower rooms. Outside the property has an enclosed courtyard garden. Council tax band: A. Freehold.

Lounge11' 4'' x 11' 0'' (3.45m x 3.35m)
Having uPVC front entrance door and radiator.
Kitchen10' 1'' x 8' 4'' min (3.07m x 2.54m)
Having a range of matching wall and base units, attractive marble effect work surfacing with matching upstands, single drainer sink unit with mixer taps over, electric cooker with cooker hood over, plumbing for washing machine, space for fridge freezer, concealed Ideal combination condensing central heating boiler (serviced annually), understairs storage cupboard, wood effect vinyl flooring, radiator, stairs rising to first floor and uPVC door leading to garden.
Bedroom 114' 8'' max x 6' 10'' max (4.47m x 2.08m)
Having built-in storage cupboard, over stairs bulkhead and radiator.
En-Suite
Having 3 piece suite comprising corner shower cubicle with electric shower appliance, wash hand basin set in vanity unit, low level WC, wood effect vinyl flooring, heated towel rail, access to loft and extractor.
Bedroom 211' 0'' x 7' 5'' min (3.35m x 2.26m)
Having large alcove/wardrobe area with hanging rails and radiator.
En-Suite
Having 3 piece suite comprising double tiled shower cubicle with electric shower appliance, pedestal wash hand basin, low level WC, wood effect vinyl flooring, heated towel rail and extractor.
Outside Rear
To the rear of the property there is an enclosed concrete courtyard.
Agents Note
There is a right of way to provide pedestrian access for number 37 St. Faiths Street over the rear garden. Call for further details.

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