Lincoln

Scunthorpe

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Property for sale in Connaught Terrace, Lincoln

£80,000
2Bedrooms 1Reception 1Bathrooms

Key Features

  • Period Terraced House
  • 2 Double Bedrooms
  • Lounge/Diner
  • Kitchen
  • Close To City Centre
  • Ideal Investment Purchase
  • Rental Income When Upgraded: £525 PCM (£6300 PA)
  • 7.8% Gross Yield
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  • Offered for sale with no onward chain and priced for immediate interest is this 2 bedroom period terrace property located in the Bracebridge area of Lincoln City Centre. Occupying internal accommodation of 2 bedrooms, lounge/diner, kitchen and ground floor shower room, there is also a rear courtyard which is enclosed with a dwarf wall perimeter. The property needs a program of full refurbishment and would make an ideal investment and when complete the rental return would be £525 per calendar month, totalling £6,300 for the year and if purchased at asking price would then result in a return of 7.8% gross yield, this results in a significantly higher than average yield for the area. The resale value of the property when completed would be in the region of approximately £110,000. To arrange a viewing, contact the Starkey&Brown.
  • EPC
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