4 bed terraced house for sale

Severn Street, Lincoln, Lincolnshire LN1

***four bedroom HMO located close to lincoln university*** Having always been let as a HMO by the current vendors, this bay fronted Mid-Terraced is the perfect next addition to the investment portfolio. Offering a gross rental yield of over 10% and a return of £21,320 over 52 weeks.

Briefly comprising; Hall, Four Bedrooms, Living Room, Kitchen, Shower Room. Externally benefitting from a low maintenance Courtyard to the rear.

Freehold/City of Lincoln Council-Band A/EPC Grade D.

Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

LIN240452/8

Ground Floor

Hall

UPVC entrance door, stairs rising to first floor.

Bedroom 2 (3.36m x 3.4m)

Double glazed bay window to front aspect, radiator.

Living Room (4.66m x 3.53m)

Double glazed window to rear aspect, radiator.

Kitchen (4.42m x 1.91m)

Being fitted with a range of eye level wall and base units with contrasting work surfaces fitted over, electric oven with 4 ring electric hob with stainless steel extractor hood over, one and a half bowl stainless steel sink unit with drainer and mixer tap over, space for fridge freezer, space and plumbing for appliances, double glazed window to side aspect, uPVC frosted side door, wall mounted Ideal logic gas combination boiler, radiator.

Shower Room (2.27m x 1.9m)

Comprising of shower cubicle, low level WC, pedestal wash hand basin, double glazed frosted window to side aspect, stainless steel heated towel rail, radiator.

First Floor Landing

Having loft access.

Bedroom 1 (3.42m x 3.37m)

Double glazed window to front aspect, radiator, storage cupboard.

Bedroom 3 (4.12m x 2.22m)

Double glazed window to rear aspect, radiator.

Bedroom 4 (2.9m x 2.18m)

Double glazed window to rear aspect, radiator.

Outside

Parking is available on street but a permit is required through City of Lincoln Council. The courtyard to the rear is mainly laid to gravel and patio all of which is fully enclosed by brick wall. There is also a brick outbuilding.

Tenure

Freehold.

Local Authority

City of Lincoln Council.

Note To Investors

If the property was fully let as a 4 bedroom HMO we believe that the property could achieve a gross return of £21,320 over 52 weeks.

Agents Note

The seller is awaiting the documentation for the certificate of lawfulness which is currently being processed through City of Lincoln Council.