For Sale

Vernon Street, Lincoln

Bed icon  5    Bath icon  1    receptions icon  1

£240,000

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Features

  • Excellent Investment Opportunity
  • 5 Bedroom HMO
  • Very Well Maintained
  • Recently Refurbished
  • Most Recent Income £20,400 Per Annum
  • 8.5% Gross Yield!
  • NO CHAIN!
  • Call Today to View!

Full Details


5 BED HMO!! 10.1% GROSS YIELD!!
Starkey&Brown are delighted to offer for sale this FULLY FURNISHED and very well maintained house of multiple occupancy, located with easy access to Lincoln city centre and less than 1 mile from The University of Lincoln. The property has been professionally managed by reputable local company West End Student Properties and recently underwent a comprehensive scheme of improvement works to include new kitchen, flooring and decor throughout. The anticipated achievable rent for the property is £95 per week, per room, which equates to £24,225 per annum and represents an impressive gross return of 10.1%. Accommodation briefly comprises private entrance passage, entrance hallway, ground floor bedroom, communal lounge, 14'6 kitchen and ground floor bathroom. To the first floor there are three bedrooms and a WC, and a private lobby area giving access and stairs leading to the fifth bedroom on the second floor. The property is being offered for sale chain free, call today to arrange a viewing!

Floorplan for Vernon Street, Lincoln
EPC Graph for Vernon Street, Lincoln

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Starkey&Brown were formed in 2006, by David Starkey and Michael Brown.

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