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.
Address: Alexandra Terrace , Lincoln, LN1 1JE.
Guide Price: £199,950
For more details and to book an appointment, Call our dedicated sales team now.
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Property Type: Terraced
Living Room(s): 1
Address: Alexandra Terrace , Lincoln, LN1 1JE
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
Gas Central Heating