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Lindum Road, Lincoln

PROPERTY TYPE

Detached

BEDROOMS

15

BATHROOMS

4

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • HOME OF MULTIPLE OCCUPANCY
  • INVESTMENT OPPORTUNITY
  • 14 of 15 Bedrooms Let at £100 per week with and £18 Utility Cap
  • Potenial Gross Income of £87,750 (15 Rooms at £117 per week)
  • Currently 10 Bedrooms Let for 23/24 (as of 28/11/22)
  • City Centre Location
  • Short Walk to Shops & Facilities
  • VIRTUAL TOUR AVAILABLE
  • Council Tax Band - F (Lincoln City Council)
  • EPC Energy Rating - D

Description

INVESTMENT OPPORTUNITY - A fantastic opportunity to purchase this substantial 15 bedroomed Home of Multiple Occupancy located in this prime City location, being close to Lincoln City Centre, Lincoln College and Lincoln University. The property currently has 14 of the 15 bedrooms let for the 2022/23 Academic Year at £100.00 per week per room, over 50 weeks with an £18.00 Utility Cap. Currently the property also has 10 of the 15 bedrooms let at £117.00 per week over 50 weeks for the 2023/24 Academic Year and the current Letting Agent is still advertising the property to let the remaining rooms. When all rooms are let, the property has an approximate gross income of £87,750 per annum, at £117.00 per week per room over 50 weeks. Internally the property has 15 Bedrooms, 4 Bathrooms and an impressive Open Plan Living, Kitchen and Dining Communal Area. Outside the property further benefits from gardens to the rear. 

LOCATION The historic Cathedral and University City of Lincoln has the usual High Street shops and department stores, plus banking and allied facilities, multiplex cinema, Marina and Art Gallery. The famous Steep Hill leads to the Uphill area of Lincoln and the Bailgate, with its quaint boutiques and bistros, the Castle, Cathedral and renowned Bishop Grosseteste University. 

SERVICES All mains services available. Gas fired central heating. 

NOTE Please ensure that all figures in relation to rental income are checked by Solicitor prior to the Exchange of Contracts.

The current Letting Agent is LiveWithUs Lincoln. 

Brochures

4 PAGE BROCHURE

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

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Lindum Road, Lincoln

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Lincoln Central Station0.5 miles
  • Hykeham Station3.7 miles
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About the agent

Mundys, Lincoln

29 Silver Street, Lincoln, LN2 1AS

Mundys, Lincoln
An Introduction to Mundys Estate Agents

Mundys are a multi practice independently owned Estate Agency specialising in house sales, residential letting and commercial property within Lincoln and the surrounding areas.

We are dedicated to offering our customers the highest quality service and strongly believe in helping you through the entire selling process from start to finish.

We are now operating in Gainsborough. If you have a property to sell or let in Gainsborough or

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Industry affiliations

National Association of Estate AgentsOmbudsman for REsale Estate Agents (no OFT logo)Association of Residential Letting Agents

Notes

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Disclaimer - Property reference 102125026090. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Mundys, Lincoln. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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