May Crescent, Lincoln£220,000
On MarketStarkey&Brown Lincoln - 01522 84584500017081
- House Of Multiple Occupancy
- Popular Student Location
- 5 Bedrooms, 2 Bathrooms
- 13'8" Lounge & 13'11" Kitchen
- Let Until Summer 2024
- Current Rent £19,200 Per Annum
- Potential For Increased Revenue
- Call Today To View
5 BED HMO! Located within the most popular student area of Lincoln is this very well presented House of Multiple Occupancy on May Crescent. Spacious accommodation briefly comprises entrance hallway, 13'8 lounge, 13'11 kitchen, 5 well proportioned bedrooms (two to the ground floor and three to the first floor) and two first floor bathrooms. The property is currently let until summer 2024 and generates an income of £19,200 which represents a gross return of 8.73%. We are advised by the sellers that the current income has been offered as a favourable rental amount for quality returning tenants and therefore revenue is anticipated to be considerably higher in the future. Call today for more info! Council tax band: B. Freehold.
- Entrance Hallway
Having uPVC front entrance door, laminate wood effect flooring, radiator and stairs rising to first floor.
- Lounge13' 8'' x 7' 6'' (4.16m x 2.28m)
Having laminate wood effect flooring, radiator, understairs storage cupboard and uPVC door leading to garden.
- Kitchen13' 11'' x 8' 6'' (4.24m x 2.59m)
Having a range of matching wall and base units, stainless steel sink unit with mixer taps over, space for a range of appliances and laminate wood effect flooring.
- Bedroom 112' 9'' into bay x 11' 9'' max (3.88m x 3.58m)
Having walk-in bay window to front aspect, radiator and ornate coving.
- Bedroom 212' 10'' x 8' 1'' (3.91m x 2.46m)
Having radiator and coved ceiling.
- First Floor Landing
- Bedroom 311' 8'' max x 10' 11'' (3.55m x 3.32m)
Having radiator.
- Bedroom 413' 0'' x 8' 8'' (3.96m x 2.64m)
Having radiator.
- Bedroom 510' 11'' x 7' 4'' (3.32m x 2.23m)
Having radiator.
- Bathroom
Having 3 piece suite comprising panelled bath with electric shower appliance and glass shower screen over, pedestal wash hand basin, low level WC, wood effect vinyl flooring and extractor.
- Shower Room
Not inspected, details to follow.
- Outside Rear
To the rear of the property there is a garden area comprising path patio and concrete courtyard, outside lighting and cold water tap.
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