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4 bed Terraced in Lincoln £199,950

Available

Description

Property Ref: 5777
For viewing arrangement, please use 99home online viewing system.

Property Ref: 5777

This established three-storey, four bedroomed student HMO occupies a prominent uphill location ideal for students.

Well maintained by the current owner, it’s got a fantastic lettings history and is fully let until August 2021.

Alongside four good bedrooms, it has a spacious communal bathroom, large well-equipped kitchen diner, and a conservatory/lounge that opens on to a fantastic decking area...

Currently generating a gross rental income of £17,888, the property has the potential to earn up to £20k with a more aggressive lettings strategy coupled with some low-cost improvements to the décor.

Bought with an 80% LTV mortgage at 3.3%, this offers the potential to enjoy an extremely attractive NET return of 13.6% on cash employed, including all acquisition and running costs.

Please get in touch for more information and to arrange a viewing.

Please note there is a 2% plus VAT buyer's fee payable in addition to the purchase price.

  • 4 Bedroom(s)
  • 1 Bathroom(s)
  • 1 Living Room(s)

Address: Alexandra Terrace , Lincoln, LN1 1JE.

Guide Price: £199,950

For more details and to book an appointment,  Call our dedicated sales team now.

Disclaimer : 99home.co.uk is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate

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Key Features

Property Details

Property Type: Terraced

Bedroom(s): 4

Bathroom(s): 1

Living Room(s): 1

Address: Alexandra Terrace , Lincoln, LN1 1JE

Features

Investment Opportunity

Prime Location

ATTENTION INVESTORS

Four Bedroomed Student HMO

Fully let until August 2021

Producing an annual gross income of £17,888

Close to town centre, university and transport links

Parking

On-street

Outside Space

Rear Garden

Heating

Gas Central Heating


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