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5 bedroom property for sale in Lincoln

Price: £155,000

This Property is Markted By :

Pridea Sales and Lettings
375 High Street, Lincoln, Lincolnshire, LN5 7RY

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Property Reference: 1156


Full Property Description:

Pridea estate agents are presenting a 5-Bedroom property currently utilised as **fully licensed HMO accommodation.** INVESTORS, this property is currently achieving a gross rental yield of: **12.4% at full occupancy.**

The property is briefly comprised of 5 bedrooms, shared communal lounge, shared kitchen with appliances, shared 4 piece bathroom suite & rear courtyard area. The property is at current HMO regulatory standard throughout and offers a great location for commuting, catering to working professionals.

For more information or to arrange an appointment, please get in touch with the office.

Bathroom: - 5'1" (1.55m) x 7'0" (2.13m)
Four piece bathroom suite, WC with top level flush, dual taps , obscure windows to courtyard aspect, panelled bath with overhead shower.

Kitchen: - 10'7" (3.23m) x 7'0" (2.13m)
Base wood effect units, free standing cooker with 4 ring electric hobs, chrome effect sink / drainer with double glazed window to courtyard area.

Communal Room: - 11'11" (3.63m) x 11'11" (3.63m)
Fireplace, double glazed window to courtyard area.

Stairs: - 6'10" (2.08m) x 11'11" (3.63m)

Bedroom One: - 15'4" (4.67m) x 11'11" (3.63m)
Double glazed uPVC window to front aspect, coving throughout, double panel radiator.

Bedroom Two: - 15'4" (4.67m) x 11'11" (3.63m)
Double glazed uPVC window to front aspect, double panel radiator & coving throughout.

Bedroom Three: - 11'11" (3.63m) x 4'11" (1.5m)
Double glazed window to rear aspect, coving throughout & fixtures.

Bedroom Four: - 11'11" (3.63m) x 4'11" (1.5m)
Double glazed window to rear aspect, coving throughout & double panel radiator.

Bedroom Five: - 11'3" (3.43m) x 11'11" (3.63m)
Skylight, storage cupboard, double panel radiator.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.


Property Features:

  • Ideal Investment Opportunity
  • 5 bedroom HMO
  • Current Income of ?19188
  • Yield 11.99% at listing price
  • Certificate of lawfulness granted
  • Walking distance to city centre & university
  • Rear enclosed courtyard area
  • Communal room
  • EPC rating: D
  • Council Tax Band: A

Property Brochure:

This has yet to be provided by the Agent


Energy Performance Certificates (EPC):


    This yet to be provided by Agent


Floorplans:

This has yet to be provided by the Agent


Agent Contact details:

Company: Pridea Sales and Lettings
Address: 375 High Street, Lincoln, Lincolnshire, LN5 7RY
Telephone:
Click to Show Agents number
Website: http://www.pridea.co.uk

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