Investment Property, Aylesby Close, Lincoln

£185,000 Asking Price
Sold STC
4 Bedrooms
1 Receptions
2 Bathrooms

Property Features

  • HMO Investment Property
  • 4 Bedrooms & 2 Shower Rooms
  • Let Until August 2023
  • Currently Generating £16.5kpa
  • Kitchen / Diner & Separate Living Room
  • Recently Fully Renovated
  • Rear Garden
  • Located to the North East of Lincoln
  • Close to Bishop Grossteste University
  • EPC Rating C

Floorplans

Full Details

A 4 bedroom mid terrace property operating as an HMO, situated just to the North of Lincoln, close to, and servicing students at Bishop Grosseteste University.

Set over 2 floors and having recently undergone a full renovation, the ground floor holds 1 bedrooms, a large kitchen / diner and 1 bedroom. The first floor then offers a further 3 bedrooms and 2 shower rooms.

The property currently generates £110pppw (3 tenants) on a fully furnished and inclusive basis to students, equating to an approx. gross annual rental income of £16.5kpa and is let agreed until August 2023. There is potential to increase this for future years by letting the 4th room - this would give an approx potential gross rental income of £20kpa.

The property is to be sold fully furnished to ensure a smooth transition for the existing tenants and also holds the certificate of lawful use confirming the C4 status.

Looking to sell? Get in touch now to find out how our 1 to 1 estate agency service can work wonders for you. You'll deal with the same person from valuation through to completion and we're consistently achieving over 98% of the marketing price.

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