Property Details

West Parade, Lincoln£450,000

On MarketStarkey&Brown Lincoln - 01522 84584500018431

Superb HMO!
Prime Student Location
Fully Refurbished In 2021
6 Bedrooms & 6 En-Suites
Tenancies In Place Until Summer 2025
£43,500 Per Annum Income
9.67% Gross Return
Excellent Rental Track Record

6 BED HMO!! £43,500 PER ANNUM INCOME! Located within the prime West End student area of Lincoln, within easy walking distance of The University of Lincoln and the city centre is the superb house of multiple occupancy on West Parade. In recent years the property has been fully refurbished and reconfigured, offering spacious accommodation which briefly comprises: spacious entrance hallway, impressive 17'10" open plan living kitchen, 6 generous double bedrooms, all of which have ensuite shower rooms. The property has an exceptional rental track record, and has tenancies in place until Summer 2026, generating an income of £43,500 which represents an impressive gross return of 9.67%. Electrical, fire, health and safety checks are all regularly done and up-to-date. Call today to arrange a viewing! Council tax band: C. Freehold.

Entrance Hallway
Having side entrance door, laminate wood effect flooring, radiator, ornate coving and stairs rising to first floor.
Open Plan Living Kitchen17' 10'' x 14' 6'' max (5.43m x 4.42m)
Having kitchen area with a range of matching wall and base units, central island unit with breakfast bar, single drainer stainless steel sink unit with mixer taps over and tiled splash backs, 2 fridge freezers, built-in oven, hob and cooker hood, integral dishwasher, washing machine, tumble dryer, laminate wood effect flooring, radiator, LED downlights and cupboard housing hot water cylinder.
Bedroom 116' 0'' max x 13' 10'' excluding bay (4.87m x 4.21m)
Having large walk-in bay window to side aspect, radiator and LED downlights.
En-Suite
Having 3 piece suite comprising corner shower cubicle with mains fed shower, wash hand basin set in vanity unit, low level WC, wood effect vinyl flooring, heated towel rail and extractor.
Bedroom 217' 2'' into bay x 15' 0'' max (5.23m x 4.57m)
Having large walk-in bay window to front aspect, radiator, ornate coving, original ceiling rose and LED downlights.
En-Suite
Having 3 piece suite comprising corner shower cubicle with mains fed shower, wash hand basin set in vanity unit, low level WC, wood effect vinyl flooring, heated towel rail and extractor.
First Floor Landing
Bedroom 315' 1'' max x 13' 10'' max (4.59m x 4.21m)
Having radiator and LED downlights.
En-Suite
Having 3 piece suite comprising corner shower cubicle with mains fed shower, wash hand basin set in vanity unit, low level WC, wood effect vinyl flooring, heated towel rail and extractor.
Bedroom 412' 7'' max x 12' 0'' max (3.83m x 3.65m)
Having radiator and LED downlights.
En-Suite
Having 3 piece suite comprising corner shower cubicle with mains fed shower, wash hand basin set in vanity unit, low level WC, wood effect vinyl flooring, heated towel rail and extractor.
Bedroom 511' 5'' max x 9' 11'' max (3.48m x 3.02m)
Having radiator and LED downlights.
En-Suite
Having 3 piece suite comprising corner shower cubicle with mains fed shower, wash hand basin set in vanity unit, low level WC, wood effect vinyl flooring, heated towel rail and extractor.
Bedroom 615' 0'' max x 10' 8'' max (4.57m x 3.25m)
Having radiator and LED downlights.
En-Suite
Having 3 piece suite comprising corner shower cubicle with mains fed shower, wash hand basin set in vanity unit, low level WC, wood effect vinyl flooring, heated towel rail and extractor.
Outside
The property benefits from low maintenance gravelled and patio garden areas.

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