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Station Road, North Hykeham, Lincoln

PROPERTY TYPE

Apartment

BEDROOMS

3

BATHROOMS

3

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

  • Fantastic Investment Opportunity
  • Three Apartments With Tenants In Situ
  • Gross Income £20,880
  • Gross Return Of 5.8%
  • Parking For All Apartments
  • Large Plot
  • Potential For Further Development (STPP)
  • Call Today To View

Description

GREAT INVESTMENT!! £20,800 GROSS INCOME PER ANNUM!! Located within the desirable North Hykeham area of Lincoln, within walking distance of North Hykeham train station and a wide variety of amenities is this superb investment opportunity on Station Road. This extended, detached freehold property consists of three one-bedroom apartments being offered for sale with tenants in situ and currently generating an income of £20,880, which equates to a healthy 5.8% gross return per annum. Over recent years the property has benefited from a comprehensive scheme of remodelling and extending and has been fully refurbished to include wiring, heating, kitchens, bathrooms, windows, doors and high levels of insulation and soundproofing. Outside the property has three parking spaces and communal grounds which offer suitable space for further development, subject to planning permission. Call today for more information or to arrange a viewing. Council tax band: A. Freehold.

Apartment 1 - 22 Station Road

Spacious first floor apartment which is currently let out for £550 per calendar month. Having accommodation comprising:

Entrance Lobby

Having uPVC front entrance door and stairs rising to first floor landing.

Lounge

11' 6'' x 11' 0'' (3.50m x 3.35m)

Having radiator.

Kitchen

13' 1'' max x 7' 2'' (3.98m x 2.18m)

Having a range of matching wall and base units, single drainer stainless steel sink unit with mixer taps over and tiled splash backs, built-in oven, hob and cooker hood, space for fridge and freezer, plumbing for washing machine, Worcester Bosch central heating boiler (serviced annually), radiator and tiled effect vinyl flooring.

Bedroom

11' 7'' x 9' 8'' (3.53m x 2.94m)

Having radiator.

Bathroom

11' 0'' x 7' 2'' (3.35m x 2.18m)

Having 3 piece suite comprising panelled with shower attachment over, pedestal wash hand basin, low level WC, tiled effect vinyl flooring, heated towel rail, part tiled walls and access to loft.

Apartment 2 - 22a Station Road

Spacious ground floor apartment. Currently let at for £595 per calendar month.

Rear Entrance Lobby

Having uPVC entrance door, ceramic tiled floor and door into inner hallway.

Lounge

13' 6'' into bay x 11' 1'' (4.11m x 3.38m)

Having walk-in bay window to front aspect and radiator.

Kitchen

13' 1'' x 7' 2'' (3.98m x 2.18m)

Having a range of matching wall and base units, larder unit, single drainer stainless steel sink unit with mixer taps over and tiled splash backs, built-in oven, hob and cooker hood, plumbing for washing machine, space for fridge freezer, ceramic tiled floor, radiator and Worcester Bosch central heating boiler (serviced annually).

Bedroom

13' 6'' into bay x 9' 8'' (4.11m x 2.94m)

Having walk-in bay window to front aspect and radiator.

Bathroom

7' 6'' x 7' 2'' (2.28m x 2.18m)

Having 3 piece suite comprising panelled bath with shower attachment over, pedestal wash hand basin, low level WC, ceramic tiled floor, heated towel rail, part tiled walls and extractor.

Apartment 3 - 22B Station Road

Ground floor single storey apartment to the rear. Currently let for £600 per calendar month.

Entrance Hallway

Having uPVC front entrance door, ceramic tiled floor and access to loft.

Lounge Diner

17' 6'' max x 14' 8'' max (5.33m x 4.47m)

Having 2 radiators.

Kitchen

9' 2'' x 6' 7'' (2.79m x 2.01m)

Having a range of matching wall and base units, single drainer stainless steel sink unit with mixer taps over, built-in oven, hob and cooker hood, space for fridge freezer, plumbing for washing machine, ceramic tiled floor, radiator and Worcester Bosch central heating boiler (serviced annually).

Bedroom

12' 3'' x 11' 4'' (3.73m x 3.45m)

Having radiator.

Shower Room

Having 3 piece suite comprising large walk-in shower cubicle with mains fed shower and glass shower screen, pedestal wash hand basin, low level WC, ceramic tiled floor, heated towel rail and extractor.

Outside Front

To the front of the property there is a small courtyard garden/parking area and driveway extending to side and leading to rear.

Outside Rear

To the rear of the property there is a generous sized area of land which offers ample parking space for several vehicles and also offers suitable space for further development within the grounds if desired, (subject to the necessary consents).

Brochures

Full Details
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.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Station Road, North Hykeham, Lincoln

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About Starkey & Brown, Lincoln

34A Silver Street, Lincoln, LN2 1EH
Industry affiliations:

Starkey&Brown is your local dedicated estate agents, committed to helping you sell your home with ease.

With offices in Lincoln and Scunthorpe, our consultants really do know what it takes when it comes to selling or buying property, whatever the weather.

Since our official opening of the Lincoln office in January 2006 and the Scunthorpe office in January 2013 by David Starkey and Michael Brown, Starkey&Brown has become one of Lincolnshire's fastest growing estate agents, with an enthusiastic and passionate team on hand to help you move as swiftly and efficiently as possible.

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Years
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Monthly repayments
£1,541
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Disclaimer - Property reference 11724287. 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 Starkey & Brown, 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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