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£260,000

5 bed end terrace house for sale
Alexandra Terrace, Lincoln LN1

    • 5 beds

    • 2 baths

    • 1 reception

  • Freehold

Mundys

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About this property

  • Let for 2024/25 Academic Year – £29,235pa Income

  • Gross Yield of Approx. 11.24%

  • Five Lettable Bedrooms with Two Bathrooms

  • Prime Central Location Close to Lincoln University

  • Walking Distance to High Street, Bailgate & Cathedral Quarter

  • Communal Living Room, Kitchen & Lobby Area

  • Gas-Fired Central Heating & All Mains Services Connected

  • Low-Maintenance Rear Courtyard

  • EPC Energy Rating - D

  • Council Tax Band - B

Attractive Student Investment Close to Lincoln University and City Centre - An appealing investment opportunity located in the heart of Lincoln, just a short walk from Lincoln University, the High Street and the historic Bailgate and Cathedral Quarter. The property is currently let for the 2024/25 academic year at £29,235 per annum, offering a strong gross yield of approximately 11.24%. Its central location ensures high demand from Students, being within easy walking distance of both the University Campus and a wide range of City Centre amenities, shops, restaurants and public transport links.

Description Attractive Student Investment Close to Lincoln University and City Centre - An appealing investment opportunity located in the heart of Lincoln, just a short walk from Lincoln University, the High Street and the historic Bailgate and Cathedral Quarter. The property is currently let for the 2024/25 academic year at £29,235 per annum, offering a strong gross yield of approximately 11.24%. Its central location ensures high demand from Students, being within easy walking distance of both the University Campus and a wide range of City Centre amenities, shops, restaurants and public transport links. Internally, the accommodation is well arranged and includes a Living Room, Kitchen, Lobby and two Bathrooms serving five lettable Bedrooms, providing comfortable and practical shared living spaces. Externally, there is a low maintenance rear courtyard and the property benefits from all mains services and gas fired central heating. This is a fantastic opportunity for investors seeking reliable income in one of Lincoln's most convenient and desirable student locations.

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.

Living room 13' 5" x 13' 5" (4.09m x 4.09m)

kitchen 18' 7" x 10' 6" (5.66m x 3.2m)

lobby

bathroom 5' 10" x 5' 8" (1.78m x 1.73m)

bedroom 1 10' 6" x 9' 6" (3.2m x 2.9m)

first floor landing

bedroom 2 10' 10" x 9' 7" (3.3m x 2.92m)

bedroom 3 10' 10" x 10' 10" (3.3m x 3.3m)

bedroom 4 11' 0" x 8' 3" (3.35m x 2.51m)

bedroom 5 10' 6" x 10' 2" (3.2m x 3.1m)

shower room

outside

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More information

  • Tenure

    Freehold

  • Council tax band

    B

See all recent sales in LN1

Property descriptions and related information displayed on this page are marketing materials provided by - Mundys. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Mundys for full details and further information.