House For Sale £240,000
5 bed HMO! 10.1% gross yield!
Starkey&Brown are delighted to offer for sale this fully furnished and very well maintained house of multiple occupancy, located with easy access to Lincoln city centre and less than 1 mile from The University of Lincoln. The property has been professionally managed by reputable local company West End Student Properties and recently underwent a comprehensive scheme of improvement works to include new kitchen, flooring and decor throughout. The anticipated achievable rent for the property is £95 per week, per room, which equates to £24,225 per annum and represents an impressive gross return of 10.1%. Accommodation briefly comprises private entrance passage, entrance hallway, ground floor bedroom, communal lounge, 14'6 kitchen and ground floor bathroom. To the first floor there are three bedrooms and a WC, and a private lobby area giving access and stairs leading to the fifth bedroom on the second floor. The property is being offered for sale chain free, call today to arrange a viewing!
Private Entrance Passage
Having doors leading to front and rear and door into entrance hallway.
Entrance Hallway
Having wood effect laminate flooring, radiator, coved ceiling, stairs rising to the first floor and under stairs storage cupboard.
Ground Floor Bedroom (13' 2'' into bay x 12' 0'' max (4.01m x 3.65m))
Having walk in bay window to the front aspect, radiator, dado rail and ornate coving.
Communal Living Room (12' 0'' max x 11' 4'' (3.65m x 3.45m))
Having laminate wood effect flooring, radiator and coved ceiling.
Kitchen (14' 6'' x 6' 4'' (4.42m x 1.93m))
Being newly installed in 2021 and having a range of matching wall and base units, single drainer stainless steel sink unit with tiled splash backs, built in oven, hob and cooker hood, space for two large fridge freezers, plumbing for washing machine, space for tumble dryer, plumbing for dishwasher, combination condensing central heating boiler, laminate wood effect flooring and uPVC door leading to the rear garden.
Ground Floor Bathroom
Having a three piece suite comprising panelled bath with shower attachment and glass shower screen over, pedestal wash hand basin, low level WC, laminate wood effect flooring, radiator, part tiled walls and extractor.
First Floor Landing
Bedroom (11' 4'' x 8' 6'' (3.45m x 2.59m))
Having radiator and coved ceiling.
Bedroom (11' 4'' min x 8' 10'' max (3.45m x 2.69m))
Having radiator and coved ceiling.
Bedroom (12' 2'' x 6' 10'' max (3.71m x 2.08m))
Having radiator.
First Floor WC
Having low level WC, wash hand basin, ceramic tiled floor, radiator and extractor.
Inner Lobby Area
Having radiator, coved ceiling and stairs rising to the second floor bedroom.
Second Floor Bedroom (15' 6'' max x 13' 10'' max (4.72m x 4.21m))
Having radiator, part sloping ceilings and large Velux window to the rear aspect.
Outside Rear
To the rear of the property there is an enclosed courtyard garden.
Starkey&Brown are delighted to offer for sale this fully furnished and very well maintained house of multiple occupancy, located with easy access to Lincoln city centre and less than 1 mile from The University of Lincoln. The property has been professionally managed by reputable local company West End Student Properties and recently underwent a comprehensive scheme of improvement works to include new kitchen, flooring and decor throughout. The anticipated achievable rent for the property is £95 per week, per room, which equates to £24,225 per annum and represents an impressive gross return of 10.1%. Accommodation briefly comprises private entrance passage, entrance hallway, ground floor bedroom, communal lounge, 14'6 kitchen and ground floor bathroom. To the first floor there are three bedrooms and a WC, and a private lobby area giving access and stairs leading to the fifth bedroom on the second floor. The property is being offered for sale chain free, call today to arrange a viewing!
Private Entrance Passage
Having doors leading to front and rear and door into entrance hallway.
Entrance Hallway
Having wood effect laminate flooring, radiator, coved ceiling, stairs rising to the first floor and under stairs storage cupboard.
Ground Floor Bedroom (13' 2'' into bay x 12' 0'' max (4.01m x 3.65m))
Having walk in bay window to the front aspect, radiator, dado rail and ornate coving.
Communal Living Room (12' 0'' max x 11' 4'' (3.65m x 3.45m))
Having laminate wood effect flooring, radiator and coved ceiling.
Kitchen (14' 6'' x 6' 4'' (4.42m x 1.93m))
Being newly installed in 2021 and having a range of matching wall and base units, single drainer stainless steel sink unit with tiled splash backs, built in oven, hob and cooker hood, space for two large fridge freezers, plumbing for washing machine, space for tumble dryer, plumbing for dishwasher, combination condensing central heating boiler, laminate wood effect flooring and uPVC door leading to the rear garden.
Ground Floor Bathroom
Having a three piece suite comprising panelled bath with shower attachment and glass shower screen over, pedestal wash hand basin, low level WC, laminate wood effect flooring, radiator, part tiled walls and extractor.
First Floor Landing
Bedroom (11' 4'' x 8' 6'' (3.45m x 2.59m))
Having radiator and coved ceiling.
Bedroom (11' 4'' min x 8' 10'' max (3.45m x 2.69m))
Having radiator and coved ceiling.
Bedroom (12' 2'' x 6' 10'' max (3.71m x 2.08m))
Having radiator.
First Floor WC
Having low level WC, wash hand basin, ceramic tiled floor, radiator and extractor.
Inner Lobby Area
Having radiator, coved ceiling and stairs rising to the second floor bedroom.
Second Floor Bedroom (15' 6'' max x 13' 10'' max (4.72m x 4.21m))
Having radiator, part sloping ceilings and large Velux window to the rear aspect.
Outside Rear
To the rear of the property there is an enclosed courtyard garden.
