4 bed terraced house for sale

Vernon Street, Lincoln, Lincolnshire LN5

***fully let four bedroom HMO. Gross yield of 12.8%***

Welcome to 45 Vernon Street. This traditional Four bedroom bay fronted Mid-Terraced is being sold with no onward chain and is fully let for 2025/2026 with the current tenants paying £105 per week (bills included) resulting in a gross annual return of £21,840.

The property briefly comprises; Hall, Living Room, Dining Room, Kitchen, Bathroom, Four Bedrooms, Shower Room. Parking is available On Street (permit required through the Council) & there is a rear Courtyard.

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.

LIN250008/8

Description

***fully let four bedroom HMO. Gross yield of 12.8%***

Welcome to 45 Vernon Street. This traditional Four bedroom bay fronted Mid-Terraced is being sold with no onward chain and is fully let for 2025/2026 with the current tenants paying £105 per week (bills included) resulting in a gross annual return of £21,840.

The property briefly comprises; Hall, Living Room, Dining Room, Kitchen, Bathroom, Four Bedrooms, Shower Room. Parking is available On Street (permit required through the Council) & there is a rear Courtyard.

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

Hall

Side entrance door, stairs rising to first floor.

Living Room (3.64m x 3.48m)

Double glazed bay window to front aspect, fire surround, radiator.

Dining Room (3.64m x 3.48m)

Double glazed window to rear aspect, radiator.

Kitchen (1.94m x 2.5m)

Three piece suite comprising of panelled bath with shower fitted over, low level WC, wash hand basin, double glazed frosted window to side aspect, extractor fan, radiator.

First Floor Landing

Having loft access.

Bedroom 1 (3.48m x 2.56m)

Double glazed window to front aspect, radiator.

Bedroom 2 (3.48m x 2.39m)

Double glazed window to rear aspect, radiator.

Bedroom 3 (3.48m x 2.1m)

Double glazed window to rear aspect, radiator.

Bedroom 4 (3.48m x 1.93m)

Double glazed window to front aspect, radiator.

Shower Room (1.05m x 1.62m)

Comprising of shower cubicle, low level WC, wash hand basin, extractor fan, radiator.

Outside

There is a fully enclosed courtyard to the rear. Parking is available on street but a permit is required which can be purchased through City of Lincoln Council.

Note To Investors

Tenants are currently paying £105 per week. £21,840 per annum. 12.8% gross yield on offer.