Investment Property, Aylesby Close, Lincoln
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.
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