4 bedroom property for sale in Lincoln
Price: £198,000
This Property is Markted By :
Pridea Sales and Lettings
375 High Street, Lincoln, Lincolnshire, LN5 7RY
LOCAL JOBS
LOCAL BARS
LOCAL RESTAURANTS
TRADES AND SERVICES
Property Reference: 1864
Full Property Description:
Currently being utilised as student accommodation, producing a rental income of ?20,000 per annum, giving a gross yield of 10%, with the potential to increase this year on year in line with market rent.
Accommodation briefly comprises of: Kitchen/Dining Area, Living Room and Utility Area to the Lower Ground Floor. On the Ground Floor you will find Two Double Bedrooms, with a further Double and Single Bedroom and Bathroom to the First Floor.
Externally to the rear aspect is a decked patio area, with further outdoor space laid to gravel and access to the front aspect.
Early and internal viewing is advised to truly appreciate the accommodation this property has to offer.
Living Room - 8'3" (2.51m) x 10'5" (3.18m)
UPVc windows with a brick base, UPVc French doors leading to rear aspect, radiator, tiled floor, UPVc French doors leading to
Kitchen/Diner - 12'0" (3.66m) x 15'0" (4.57m)
Access to Utility Area, radiator, fitted with base units and wood work surfaces and spaces for under the counter appliances. Access to Ground Floor.
Utility Area - 4'11" (1.5m) x 8'8" (2.64m)
Bedroom 1 - 12'0" (3.66m) x 11'2" (3.4m)
Window to rear aspect, radiator, carpet, built in storage
Bedroom 2 - 12'0" (3.66m) x 7'10" (2.39m)
Window to front aspect, radiator, carpet
Bedroom 3 - 12'0" (3.66m) x 11'2" (3.4m)
Window to front aspect, radiator, carpet, built in storage
Bathroom - 7'6" (2.29m) x 8'8" (2.64m)
Window to rear aspect, radiator, laminate wood flooring. Fitted with three piece suite consisting of low level WC, pedestal sink, and panelled bath with shower over
Bedroom 4 - 5'1" (1.55m) x 11'8" (3.56m)
Window to rear aspect, radiator, carpet
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.
Council Tax
Lincoln City Council, Band A
Property Features:
- FOUR BEDROOMS
- THREE STOREY PROPERTY
- 10% GR.YIELD
- INCOME OF ?20,000 PER YEAR
- UPHILL AREA OF LINCOLN
- CLOSE TO UNIVERSITY OF LINCOLN
- VIEWING ESSENTIAL
- INVESTMENT OPPORTUNITY
Property Brochure:
Click link below to see the Property Brochure:
Energy Performance Certificates (EPC):
Floorplans:
Click link below to see the Property Brochure:Agent Contact details:
| Company: | Pridea Sales and Lettings | |
| Address: | 375 High Street, Lincoln, Lincolnshire, LN5 7RY | |
| Telephone: |
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| Website: | http://www.pridea.co.uk |
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