West Parade, West End, Lincoln

Features

• House Of Multiple Occupancy
• Accommodation Over Four Floors
• Four Double Bedrooms
• Two Bathrooms
• 19' Communal Lounge
• Fantastic Potential To Reconfigure
• Potential Income Circa £34k Per Annum
• Call Today To View!

Summary

HMO!! 10.12% GROSS YIELD!! Starkey&Brown are pleased to offer for sale this very well presented House of Multiple Occupancy located in a prime student location and within easy walking distance of the University of Lincoln and City Centre. This four storey property has tenancies in place for 2023/2024, generating an impressive income of £23,280 per annum, which represents a healthy 9.9% gross return - there is also excellent potential to reconfigure and further increase revenues. The property has an excellent rental track record, with accommodation which is set over four floors, briefly comprising: 19ft lounge on the lower lever, ground floor kitchen diner, four very well proportioned double bedrooms (one ground floor, two first floor and one second floor) and two large bathrooms (one lower level, one ground floor). Call today to view! Council tax band: B. Freehold.

Full Details

Basement Level

Lounge (19' 0'' x 11' 8'' (5.79m x 3.55m))

Having 2 radiators, window to rear and understairs storage cupboard.

Bathroom (11' 7'' x 6' 8'' (3.53m x 2.03m))

Having 3 piece suite comprising panelled bath with electric shower appliance over, pedestal wash hand basin, low level WC, wood effect vinyl flooring, radiator, part tiled walls and fire escape door leading to rear.

Ground Floor

Entrance Hallway

Having side entrance door, door with stairs leading to basement level and stairs rising to first floor.

Bedroom 1 (15' 6'' into bay x 12' 1'' (4.72m x 3.68m))

Having large walk-in bay window to front aspect, radiator and ornate coving.

Kitchen Diner (13' 0'' min x 12' 1'' (3.96m x 3.68m))

Having a range of matching wall and base units, single drainer stainless steel sink unit with mixer taps over, electric cooker with cooker hood over, space for fridge and freezer, plumbing for washing machine, wood effect vinyl flooring, central heating boiler, radiator and ornate coving.

Bathroom (12' 0'' x 5' 9'' min (3.65m x 1.75m))

Having 3 piece suite comprising panelled bath with electric shower appliance over, pedestal wash hand basin, low level WC, wood effect vinyl flooring, radiator and part tiled walls.

First Floor Landing

Having stairs rising to second floor.

Bedroom 2 (13' 1'' x 12' 0'' (3.98m x 3.65m))

Having radiator.

Bedroom 3 (12' 10'' x 12' 0'' (3.91m x 3.65m))

Having radiator.

Second Floor Landing

Having skylight window to rear.

Bedroom 4 (15' 7'' excluding dormer x 11' 4'' max (4.75m x 3.45m))

Having radiator and large dormer window to rear aspect.

Outside Rear

To the rear of the property there is an enclosed courtyard garden.