Investment Property, Aylesby Close, Lincoln
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.