Property description
ATTENTION INVESTORS. Superb West End terraced house being sold as a going concern as a multi occupancy rental property currently let and bringing in a monthly income in the excess of £1600 giving a gross annual income of over £19,000 and therefore based on the asking price a gross rental yield of in the excess of 9%. The property itself boasts superbly presented living accommodation comprising entrance hall, ground floor wc, 2 reception rooms, kitchen and family room to the ground floor. To the first floor 2 double bedrooms and first floor 4 piece bathroom. Outside the property has a garden and further benefit from gas fired central heating. The current owner utilises the property as 2 ground floor bedrooms, 2 first floor bedrooms and the social kitchen and family room, as well as rear garden. The current owners intend to offer the property for sale to include fixtures and fittings. Please call 01522 845 845 for further details.The property is within the sought after West End area of the Cathedral city of Lincoln and therefore is located perfectly for the University, college and indeed the Bishop Grossteste Teaching College as well a range of bars, restaurants, shops, food and retail outlets, road and public transport links.In the agents opinion this excellent investment opportunity requires early viewing to avoid any disappointment please call 01522 845 845 to arrange.
Entrance Hallway
Having front door entry, wood laminate flooring, radiator and stairs rising to the first floor of the property with an under stairs storage cupboard.
Ground Floor WC
Having low level wc.
Lounge - 12' 2'' excluding the bay window x 12' 5'' into recess (3.71m x 3.78m)
Having bay window into the front aspect, power points, coved ceiling, radiator, gas fire with surround, back panel and hearth.
Dining Room - 12' 7'' into recess x 12' 8'' (3.83m x 3.86m)
Having wood flooring, window to the rear aspect, ornamental fire place, power points, radiator and picture rail.
Kitchen - 8' 0'' x 13' 11'' (2.44m x 4.24m)
Having a range of base and eye level storage units with work surfaces and tiled splash back, four burner gas hob with integrated electric oven and cooker hood, 2 uPVC windows to the side aspect, porcelain tiled floor, plumbing for an washing machine, space for counter level appliances, integrated fridge and opening to the family room.
Family Room - 7' 3'' x 13' 9'' (2.21m x 4.19m)
Having uPVC double doors opening to the garden aspect, uPVC window to the side aspect, porcelain tiled flooring, radiator and spot lighting.
First Floor Landing
Having access to loft space, bedrooms, storage cupboard and bathroom.
Bedroom 1 - 16' 5'' x 12' 2'' (5.00m x 3.71m)
Having 2 sash windows to the front aspect, fire place, power points and radiator.
Bedroom 2 - 8' 1'' x 12' 7'' (2.46m x 3.83m)
Having sash window to the rear aspect, radiator and power points.
Family Bathroom
Having 4 piece suite comprising, panelled bath, separate shower cubicle with overhead mains shower appliance, low level WC, pedestal sink unit, mid height tiled walls and window to the rear aspect.
Outside Front
Having path to front door court yard area and rear access which is shared with the neighbouring property.
Outside Rear
Having lawned and gravelled area and decked patio.
Agent Note
The property is currently on a fully occupied on a short hold tenancy and Starkey&Brown manage the property. Any interested investors please call 01522 845 845 for further information.
Property Features :
- ATTENTION INVESTORS
- Period Terraced House
- Gross Yield Of Over 9%
- Currently A 4 Bed Let
- Sought After West End Position