- Ideal investment or first time purchase +
- HMO License +
- Available with vacant possession +
- Close to Lincoln City Centre +
- Well presented +
Detailed Description
A traditional bay fronted terrace house situated close to Lincoln's City Centre which has a HMO license but is available with vacant possession so can suit either an investment buyer or private owner.
The property benefits from well presented accommodation comprising of an entrance hall, living room / double bedroom, reception room, kitchen and bathroom to the ground floor, along with two double bedrooms to the first floor.
The property has been operated as a student rental since 2015. A certificate of lawful use application is currently pending, and the experienced landlord is confident it will be approved by September 20th, 2025, based on the property's established rental history.
Rental income was £16,830 for the 2023/24 tax year and £15,300 for 2022/23.
In 2022, a wall was removed in the second bedroom to create a larger room. However, this can easily be reinstated by the owner to restore the original layout and add an additional bedroom.
Accommodation
Ground Floor
Entrance Hall
Entrance door accessed from shared passageway, stairs rising to first floor.
Living Room / Bedroom
Double glazed bay window to front, radiator.
Reception Room
Double glazed window to rear, under stairs storage cupboard, radiator.
Kitchen
Double glazed window and entrance door to side, stainless steel drainer sink, worktops, base and eye level storage units, integrated oven and hob with extractor over, spaces for washing machine and fridge freezer, wall mounted central heating boiler.
First Floor
Landing
Bedroom One (formerly two bedrooms)
Two double glazed windows to front, two radiators.
Bedroom Two
Double glazed window to rear, radiator, storage cupboard.
Outside
To the rear is an enclosed yard and store.
Other
COUNCIL TAX
Band A
MOBILE
We understand from the Ofcom website there is likely mobile coverage from O2, EE, Three and Vodafone.
BROADBAND
We understand from the Ofcom website that standard, superfast and ultrafast broadband is available at this property with a max download speed of 1800 Mbps and an upload speed of 220 Mbps