4 bed Terraced for sale, Lincoln
£199,950 ll
Property Ref: 5777 An EXCELLENT investment opportunity, this established three-story, four bedroomed student HMO occupies a prominent west end 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. Property Ref: 5777.
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