Offers in region of
£635,000
(£224.06/sq. ft)
Property for sale155-157, Monks Road, Lincoln, Lincolnshire LN2
2,834 sq. ft
EPC Rating: E
Freehold
About this property
Fully Licenced 14 bedroom HMO investment
Prominent location close to the City Centre
The investment opportunity comprises two substantial, adjoining Victorian terraced houses, that have been adapted to provide a fully licenced 7 bedroom HMO in each (so 14 bedrooms in total), laid out over ground, first and second floors.
Both properties have recently had work undertaken on them, with 155 having been redecorated, whilst 157 has been totally refurbished and redecorated throughout. Both properties currently have shared bathrooms, but in our view there is potential for installing ensuite bathrooms in most of the bedrooms, which provides an opportunity to significantly increase the rental income.
The properties are constructed in solid brickwork under a pitched tiled roof, with pedestrian access from Monks Road. There is a small car park to the rear as well as on street permit parking on the surrounding streets. Cycle and bin storage can be found to the front of the property where there is a small forecourt. The property has been attractively adapted and is well-presented throughout.
Both properties have recently had work undertaken on them, with 155 having been redecorated, whilst 157 has been totally refurbished and redecorated throughout. Both properties currently have shared bathrooms, but in our view there is potential for installing ensuite bathrooms in most of the bedrooms, which provides an opportunity to significantly increase the rental income.
The properties are constructed in solid brickwork under a pitched tiled roof, with pedestrian access from Monks Road. There is a small car park to the rear as well as on street permit parking on the surrounding streets. Cycle and bin storage can be found to the front of the property where there is a small forecourt. The property has been attractively adapted and is well-presented throughout.
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Monthly repayment
£3,176 per month
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