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Carholme Road, Lincoln

PROPERTY TYPE

Terraced

BEDROOMS

5

BATHROOMS

2

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
  • 5 Lettable Bedrooms
  • 2 Shower Rooms
  • Communal Room & Kitchen
  • Well Located for City Centre & University
  • Potential Gross Income of £29,835 (£117 per room per week)
  • Potential Gross Yield of 11%
  • EPC Energy Rating - D
  • Council Tax Band - B (Lincoln City Council)

Description

A HOME OF MULTIPLE OCCUPANCY - INVESTMENT OPPORTUNITY - A five lettable bedroomed mid-terraced house situated on Carholme Road and well located for Lincoln City Centre and Lincoln University. The property has recently been redecorated throughout and has two modern Bathrooms (one on each floor), we estimate a potential gross income of approximate £29,835 per annum (based on £117.00 per bedroom per week over a 51 week period). This gives a potential yield of approximately 11%. The property is let for the remainder of the 2023/24 academic year. In further detail the accommodation comprises of Entrance Hallway, Communal Room, Kitchen, downstairs Bathroom and downstairs Bedroom. The First Floor Landing leads to four further Bedrooms and a Shower Room. Outside there are low maintenance gardens to both the front and rear of the property. 

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. 

NOTES The property has recently inspected by Lincoln City Council HMO Licencing Department and passed without issue.

There is a satisfactory EICR in place, valid until 2026.

A new boiler was installed in 2021 with a 12 year guarantee.

Recently redecorated throughout. 

DISCLAIMER The photographs used in the marketing of this property were taken prior to the redecoration taking place - the house has been decorated in light grey throughout with new carpets to the hall, stairs and landing, along with heavy duty entrance matting.  

HALL  

BEDROOM 11' 6" x 12' 5" (3.51m x 3.78m)  

COMMUNAL ROOM 11' 8" x 12' 5" (3.56m x 3.78m)  

KITCHEN 20' 3" x 8' 2" (6.17m x 2.49m)  

BATHROOM 7' 0" x 8' 2" (2.13m x 2.49m)  

FIRST FLOOR LANDING  

BEDROOM 11' 1" x 6' 11" (3.38m x 2.11m)  

BEDROOM 11' 1" x 8' 5" (3.38m x 2.57m)  

BEDROOM 12' 1" x 7' 1" (3.68m x 2.16m)  

BEDROOM 11' 5" x 8' 2" (3.48m x 2.49m)  

SHOWER ROOM 8' 7" x 3' 7" (2.62m x 1.09m)  

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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Carholme Road, Lincoln

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Lincoln Central Station0.9 miles
  • Hykeham Station3.2 miles
  • Saxilby Station5.0 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

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Disclaimer - Property reference 102125023958. 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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