Investment Property, Blankney Crescent, Lincoln

£255,000 Asking Price
For Sale
6 Bedrooms
1 Receptions
2 Bathrooms

Property Summary

HMO INVESTMENT PROPERTY, 6 Bedrooms, Semi Detached, FULLY LET, Kitchen & Separate Living Room, TWO SHOWER ROOMS.

Property Features

  • HMO Investment Property
  • 6 Bedrooms & 2 Shower Rooms
  • Fully Let
  • Generating £28,500pa Gross
  • Kitchen & Separate Living Room
  • Rear Garden & Parking
  • Located to the North East of Lincoln
  • Close to Bishop Grossteste University
  • EPC Rating D
  • Two Further Similar Properties Available


Full Details

A semi detached 6 bedroom property operating as a fully let licensable HMO, situated just to the North of Lincoln, close to, and servicing students at Bishop Grosseteste University.

Set over 2 floors, the ground floor holds 1 bedroom, 1 shower room, a kitchen and a separate living room. The first floor then offers a further 5 bedrooms and 1 shower room.

The property currently generates £69pppw on a fully furnished and inclusive basis. 5 rooms filled with 2 of the rooms contracts ending on the 30th March and 3 of them ending on the 3rd April.

This property has been fully signed from 30th June 2023 to 30th June 2024 with a total income of £27,367.74.

The property is to be sold fully furnished to ensure a smooth transition for the existing tenants.

The vendor also has two further licensable HMO's just a short distance away, one next-door on Blankney Crescent & the other on Cabourne Avenue that we are marketing for sale - please call for further information.

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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2022 British Property Awards Gold Winner for Lincoln, Banner
2023 British Property Awards Gold Winner for Lincoln, Banner