Property Details

West Parade, Lincoln£220,000

On MarketStarkey&Brown Lincoln - 01522 84584500018245

House Of Multiple Occupancy
Close To University Of Lincoln
Prime Student Location
4 Double Bedrooms
9.1% Gross Return
£21,388 Per Annum Income
Potential For Higher Revenues
Call Today To View

HMO! Located within the popular 'west end' student area of Lincoln, within easy walking distance of The University of Lincoln and the City Centre, is this substantial town house currently used as a house of multiple occupancy. Accommodation briefly comprises, private entrance passage, spacious entrance hallway, 13'2 lounge, impressive 20' kitchen, four bedrooms (one ground floor and three first floor), and recently refurbished first floor shower room. The property is currently let and provides an income of £21,388 per annum which represents an impressive gross return of 9.72%. Additionally, in the agent's opinion, accommodation could be easily reconfigured to provide more bedrooms and/or bathrooms and therefore offers fantastic potential for even greater revenues. Call today to arrange a viewing. Council tax band: B. Freehold.

Private Entrance Passage
Having front entrance door, laminate wood effect flooring, door into entrance hallway and door leading to rear garden.
Entrance Hallway
Having laminate wood effect flooring, radiator, stairs rising to first floor and understairs WC.
Lounge13' 2'' max x 11' 11'' (4.01m x 3.63m)
Having laminate wood effect flooring and radiator.
Kitchen20' 0'' x 7' 3'' (6.09m x 2.21m)
Having a range of matching wall and base units, single drainer stainless steel sink unit with mixer taps over and tiled splash backs, built-in eye level double oven, gas hob with cooker hood over, space for a range of additional appliances, ceramic tiled floor, double aspect windows, radiator and uPVC door to garden.
Bedroom 413' 8'' into bay x 13' 6'' max (4.16m x 4.11m)
Having walk-in bay window to front aspect, laminate wood effect flooring, radiator, picture rail and ornate coving.
First Floor Landing
Offering ample space for staircase and potential loft conversion (subject to the necessary consents).
Bedroom 113' 2'' max x 12' 0'' (4.01m x 3.65m)
Having radiator.
Bedroom 2
Having radiator.
Bedroom 310' 8'' x 8' 10'' min (3.25m x 2.69m)
Shower Room
Having 3 piece suite comprising double tiled shower cubicle with mains fed rainfall shower, additional handheld shower, wash hand basin set in vanity unit, low level WC, heated towel rail, wood effect vinyl flooring, fitted shelving and extractor.
Outside Rear
To the rear of the property there is a generous sized garden predominantly enclosed by brick walling and being mainly gravel with patio area.

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