Fixed price
£210,000
(£324.29/sq. ft)
Block of flats for saleGood Lane, Lincoln LN1
700 sq. ft
About this property
Gross Initial Yield: 6.31%
Rental Income: £13,260 p.a.
4-bed HMO
10 minute walk from Bishop Grosseteste University
15 minute walk from Lincoln’s City Centre
Investment Consideration:
Gross Initial Yield: 6.31%
Rental Income: £13,260 p.a.
VAT is not applicable to this property
Comprises 4-bed HMO with communal kitchen/dining, living room and 1 communal bathroom
Situated within 25 minute walk from the University of Lincoln, a 10 minute walk from Bishop Grosseteste University and a 15 minute walk from Lincoln’s City Centre.
Property Description:
Comprises mid-terrace 4-bedroom HMO, newly refurbished to a high standard and arranged as a ground floor kitchen, living/dining room, bedroom and communal bathroom, with 3 bedrooms at first floor.
Ground Floor: 35 sq m (377 sq ft)
First Floor: 30 sq m (323 sq ft)
Total gia: 65 sq m (700 sq ft)
HMO Licensed Property (C4 use class) Reference - 2018/0749/cle
Tenancy:
The property is at present let to Individuals for a term of 51 Weeks from 19th September 2023 at a current rent of £13,260 per annum. Deposit held of £600.
Location:
The property is located on Good Lane within a residential area just a 15 minute walk from Lincoln’s City Centre, 25 minute walk from the University of Lincoln, a 10 minute walk from Bishop Grosseteste University. The city’s train station is located just a 15 minute walk from the property. The station offers regular connections throughout the country, with regular services running to Newark Northgate, Edinburgh and London Kings Cross.
Gross Initial Yield: 6.31%
Rental Income: £13,260 p.a.
VAT is not applicable to this property
Comprises 4-bed HMO with communal kitchen/dining, living room and 1 communal bathroom
Situated within 25 minute walk from the University of Lincoln, a 10 minute walk from Bishop Grosseteste University and a 15 minute walk from Lincoln’s City Centre.
Property Description:
Comprises mid-terrace 4-bedroom HMO, newly refurbished to a high standard and arranged as a ground floor kitchen, living/dining room, bedroom and communal bathroom, with 3 bedrooms at first floor.
Ground Floor: 35 sq m (377 sq ft)
First Floor: 30 sq m (323 sq ft)
Total gia: 65 sq m (700 sq ft)
HMO Licensed Property (C4 use class) Reference - 2018/0749/cle
Tenancy:
The property is at present let to Individuals for a term of 51 Weeks from 19th September 2023 at a current rent of £13,260 per annum. Deposit held of £600.
Location:
The property is located on Good Lane within a residential area just a 15 minute walk from Lincoln’s City Centre, 25 minute walk from the University of Lincoln, a 10 minute walk from Bishop Grosseteste University. The city’s train station is located just a 15 minute walk from the property. The station offers regular connections throughout the country, with regular services running to Newark Northgate, Edinburgh and London Kings Cross.
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