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6 Bed HMO, Lincoln, LN1 3EW £290,000

Hereward Street, Uphill, Lincoln, LN1 3EW - 2 years ago
  1. Deal Search
  2. Lincoln
  3. LN1
  4. LN1 3EW
HMO
Inside Article 4
ROI: 6%
~112 m²

ValuationOvervalued

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Property History

Listed for £290,000

August 24, 2023

Sold for £20,000

1999

Floor Plans

Description

  • House Of Multiple Occupancy +
  • Recently Refurbished +
  • 6 Bedrooms & 3 Shower Rooms +
  • New Kitchen +
  • Popular Uphill Location +
  • Potential Income £30,000 pa +
  • Close To Bishop Grosseteste University +
  • Call Today To View +

6 BED HMO!! 10.5% gross return!! Located within the popular uphill area and prime Bishop Grosseteste University and University of Lincoln student location is this fine example of a 6 bedroom, 3 shower room House of Multiple Occupancy on Hereward Street, with tenants in situ from September 2024, providing a healthy income of £30,345. The property has undergone a comprehensive scheme of improvement works and has accommodation which is arranged over four floors as follows: To the basement level there is a communal sitting room and a bedroom. On the ground floor there is a newly fitted kitchen with a door to the rear garden, bedroom and shower room. To the first floor there are 2 bedrooms and 2 shower rooms, and 2 further bedrooms to the second floor. The property also has a pleasant, low maintenance west facing garden. This HMO has a strong rental history over recent years and provides a gross return of 10.5% per annum. Call today to arrange a viewing! Council tax band: A. Freehold.

Agent Details

Starkey & Brown, Lincoln

020 3879 5805

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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