- Excellent Rental Investment Opportunity +
- Four Lettable Rooms +
- Class C4 Criteria Met (Registration Pending) +
- Potential Gross Yield Of 15.3% +
- Communal Living Room +
- Kitchen & Bathroom +
- Ideal For Lincoln City Centre +
The Property
EXCELLENT RENTAL INVESTMENT OPPORTUNITY.
This spacious terraced house located on the outskirts of the Cathedral City of Lincoln offers an excellent rental investment opportunity with up to 4 lettable rooms.
Representative rental figures for student market which the property has been previously rented- 3 larger rooms @ £105 per week & 1 smaller room @ £90 per week based on 51 weeks - GROSS INCOME £20,655 giving a potential GROSS YIELD OF 15.3% based on the asking price.
AGENT NOTE: The property has been rented as a multi let HMO since 2011 and so does meet the criteria to make it C4 compliant. The current owners can provide proof and are currently in the process of registering the property with Lincoln City Council as a Class C4 HMO- further details can be discussed with sellers.
Accommodation comprises: Entrance hall, living room (ground floor bedroom), dining room (communal room), kitchen, downstairs bathroom and three first floor bedrooms (one of which is smaller and so would demand slightly less rent)
Viewings can be arranged via the Purplebricks website of PB app.
The historic Cathedral and University City of Lincoln has the usual High Street shops and department stores, plus banking and allied facilities, multiplex cinema, Marina and Art Gallery. The famous Steep Hill leads to the Uphill area of Lincoln and the Bailgate, with its quaint boutiques and bistros, the Castle, Cathedral and renowned Bishop Grosseteste University.
Property Description Disclaimer
This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.
Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.