- Fully Tenanted 7 Double Bedroom Student HMO +
- 12.3% Yield - An Excellent Investment Opportunity +
- Confirmed Tenancy For 2024/25 Academic Year +
- Professionally Managed & Consistently Let To A Group Of 7 +
- Two Bathrooms Plus Additional WC +
- Great Location For Students +
- Convenient For The University Of Lincoln +
- uPVC Double Glazing, GCH, Hard Wired Smoke/Heat Detectors +
- Off Road Parking For 6 Vehicles +
- Attractively Priced To Sell +
GENERATING AN INCOME OF £39,270pa
12.3% YIELD!!
A SUBSTANTIAL 7 DOUBLE BEDROOM STUDENT HMO PROPERTY
FULLY TENANTED FOR THE UPCOMING 2024/25 ACADEMIC YEAR
FULL LETTINGS MANAGEMENT INCLUDED
Financial Performance for the 2024/25 Academic Year
Rental Income: £510pcm each / £39,270 per annum based on 11 months
Cost of all bills: £5,000 per annum approx.
Lettings Management Fee 10% all inclusive: £3,927 per annum
NET Income: £30,343 per annum
NET Yield: 9.5%
Take a look at the floorplan and recent images!
Mr Investa are pleased to bring to the market this fantastic buy-to-let investment opportunity located in a convenient and popular area, close to Lincoln City Centre and University of Lincoln whereby students benefit from having a variety of amenities nearby including a Sainsbury’s Local, Co-Op, ODEON cinema and a number of bars/restaurants. The west end attracts many students' year on year therefore making this property an attractive investment.
Each bedroom includes a double bed, study desk, chair and drawers/wardrobe. As well as the seven bedrooms, the property also benefits from having a spacious living room, a large dining kitchen fitted with modern appliances, two bathrooms and an additional WC. Outside there is a rear yard which opens up to a driveway with space for 6 vehicles.
This property is currently managed by a professional local letting agent who have already confirmed the tenancy for the 2024/25 academic year at £510pcm per room. Gross rental income for 2024/25 is £39,270 per annum.
NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa LTD does not accept any responsibility in respect of this information provided.