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6 bedroom semi-detached house for sale

Boultham Avenue, Lincoln, LN5 7XZ

Sold STC £214,950

Property Description

Key features

  • Investment House Share
  • Confirmed C4 Usage
  • Six Bedrooms
  • Let for 2016/2017 & 2017/2018 Academic Years
  • Approx £25,000 pa (11 month tenancy)
  • Approx Gross Return 11.5% Based on Asking Price

Full description

Current C4 usage, Let for 2016/2017 & 2017/2018, Approx £25,000 pa (11 month tenancy), Approx Gross Return of 11.5% based on asking price. Your Home Investments are delighted to offer this recently refurbished, mid terrace house share located off the High Street just an 11 minute walk from Lincoln University. Set over 3 floors and having undergone an extensive refurbishment in 2014, the ground floor offers 2 bedrooms, living room open plan to modern kitchen and shower room. The first floor then holds a further 3 bedrooms, shower room and separate w.c with the final bedroom being on the second floor. All 6 bedrooms are let for the next (17/18) academic year with the property achieving approximately £25,000 per annum (11 month tenancy) which gives an approximate gross return of 11.5% based on asking price. The property will also be sold fully furnished as to ensure the tenancies can continue to run smoothly. If you would like any further advice, please call our Investment Team on 01522 620510 or email investor@yourhomeproperty.co.uk or visit our offices at 42 Silver Street, Lincoln. Open 7 days a week.


Bedroom Two 
Having uPVC double glazed window to side aspect and a radiator.

Landing  
Having stairs rising to second floor and doors leading to;

Bedroom 3 
Having uPVC double glazed window to rear aspect and a radiator.

Bedroom 4 
Having uPVC double glazed window to rear aspect and a radiator.

Bedroom 5 
Having uPVC double glazed window to rear aspect and a radiator.

WC  
Having two piece suite including low level WC, pedestal sink and tiled surrounds.

Shower Room 
Having shower cubicle, low level WC, pedestal sink and tiled surrounds.

Stairs To Second Floor 

Bedroom 6 
Having 2 x uPVC double glazed Velux windows to rear aspect and a radiator.

Article Four Acceptance 
Your Home Investments hold assured shorthold tenancy agreements to prove room by room usage throughout the introduction of the Article Four ruling.

Private Entrance 
Having door to front aspect into enclosed area with main entrance door to side aspect into;

Entrance Hall 
Having stairs rising to first floor, understairs storage area, radiator and doors leading to;

Bedroom One 
Having uPVC double glazed bay window to front aspect and a radiator.

Lounge 
Having uPVC double glazed French doors to rear aspect leading to enclosed garden area. Laminate flooring, radiator and open plan access into;

Kitchen 
Having uPVC double glazed window to side aspect overlooking garden area. Kitchen having a range of wall mounted and base units with worktops over, inset sink with mixer tap, integrated gas hob and electric oven, extractor, dishwasher, space and plumbing for washing machine, wall mounted boiler and tiled surrounds.

Potential Rental Income 
Weekly = 90 x 6 = £540 per week Yearly = 540 x 48 = £25,920 per annum Monthly = 25920 / 12 = £2,160 per month Rental Yield = 12.06% at Asking Price Please take into account that there will also be the cost of bills, any mortgage repayments, rental management charges and insurances.

Valuations 
If you are looking to sell your property or would consider a part exchange why not arrange a FREE, no obligation market appraisal from Your Home Estate Agents available 7 days a week by calling 01522 620 510.

Lettings And Property Management Services 
When purchasing an investment property you want to know it will start paying for itself as soon as possible. Your Home Sales & Lettings can provide the complete service 7 days a week, seeing your purchase right the way through from the moment you have the offer accepted, to your fully referenced tenants collecting their keys and paying you. We can even help manage minor renovations and improvements using our reliable contractors, getting you the best price possible to help your investment stack up. Our highly experienced team can take care of everything, leaving your time free from day to day tenant questions, transferring the rental income direct to your account every month. Call us 7 days a week, until 6:00pm on weekdays on 01522 620 510 or email lettings@yourhomeproperty.co.uk, to discuss your requirements. Happy House Hunting!

More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
08 November 2016

Floorplans

Map & Street View

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