3 bed terraced house for sale

Newland Street West, Lincoln LN1

Investment opportunity – 3 bedroom HMO - An excellent investment opportunity to purchase a three bedroom mid-terraced house, currently let on a multi-room basis with tenants in place until July 2025. The property generates an income of approximately £17,000 per annum (including bills), offering a gross yield of 10.79%. Situated just a short walk from Lincoln University and the City Centre, the property is Article 4 compliant and accredited with Lincoln University. The accommodation briefly comprises a communal lounge, kitchen, utility area, bathroom, and three double bedrooms. Outside, there is a rear yard with an outbuilding.

Investment opportunity – 3 bedroom HMO - An excellent investment opportunity to purchase a three bedroom mid-terraced house, currently let on a multi-room basis with tenants in place until July 2025. The property generates an income of approximately £17,000 per annum (including bills), offering a gross yield of 10.79%. Situated just a short walk from Lincoln University and the City Centre, the property is Article 4 compliant and accredited with Lincoln University. The accommodation briefly comprises a communal lounge, kitchen, utility area, bathroom, and three double bedrooms. Outside, there is a rear yard with an outbuilding.

Location The historic Cathedral and University City of Lincoln has the usual High Street shops and department stores, plus banking and allied facilities, multiplex cinema, Marina and Art Gallery. The famous Steep Hill leads to the Uphill area of Lincoln and the Bailgate, with its quaint boutiques and bistros, the Castle, Cathedral and renowned Bishop Grosseteste University.

Lounge 12' 1" x 10' 8" (3.70m x 3.26m) With staircase to the first floor, storage cupboard, tiled flooring and radiator.

Kitchen 10' 2" x 8' 2" (3.10m x 2.51m) With a range of wall, base units and drawers with work surfaces over, electric oven and hob with extractor fan, stainless steel sink with side drainer and mixer tap over, wall mounted gas fired central heating boiler, space for fridge freezer and dishwasher, tiled splash-backs, tiled flooring and double glazed window to the side aspect.

Utility area With storage cupboard, space for washing machine, tiled floor and entrance door.

Bathroom Fitted with a three piece suite comprising of panelled bath with electric shower over and glass shower screen, close coupled WC and pedestal wash hand basin, tiled flooring, radiator and double glazed window to the side aspect.

Bedroom 12' 1" x 10' 8" (3.69m x 3.26m) With double glazed window to the front aspect and radiator.

First floor landing With double glazed window to the rear aspect.

Bedroom 12' 9" x 12' 1" (3.90m x 3.69m) With double glazed window to the front aspect, spotlights and radiator.

Bedroom 12' 1" x 7' 6" (3.69m x 2.30m) With double glazed window to the rear aspect, spotlights and radiator.

Outside To the rear of the property is an enclosed rear yard with outbuilding.

Services All mains services available. Gas fired central heating.