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Newland Street West, 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

  • 5 Bedroomed HMO Terraced House
  • Communal Room & Kitchen
  • Bathroom & Shower Room
  • HMO Academic Year 22/23 Income: £24,632 p/a (inclusive of bills)
  • HMO Academic Year 23/24 Income: £28,560 p/a (inclusive of bills)
  • West End Location
  • Walkable to Lincoln University
  • EPC Energy Rating - D
  • Council Tax Band - A (Lincoln City Council)

Description

A rare opportunity to purchase a licenced five bedroomed house of multiple occupancy. The property is currently let for the remaining academic year with an income of £24,632 per annum (inclusive of bills until the 31st July 2023) and also the upcoming academic year with an income of £28,560 per annum (inclusive of bills from August 2023 until July 2024). The property is located in the West End of Lincoln and is within walking distance of Lincoln University and Lincoln City Centre. To the rear of the property there is a large brick and tile outbuilding (see plan) which, in our opinion, offers the possibility of development for extra accommodation or usage and associated rental enhancement (subject to any relevant Planning Permissions). The attached next door house (105 Newland St West) is in the same ownership under a non-HMO rental AST and could be made available for separate purchase potentially offering greater development flexibility. 

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. 

CURRENT RENTAL INCOME The property is let for the remaining academic year (ending July 2023) and is producing an annual rental income of £24,632 (inclusive of bills) and for the next academic year (August 2023 to July 2024) producing an annual rental income of £28,650 (inclusive of bills). 

HALL  

BEDROOM 11' 4" x 11' 2" (3.45m x 3.4m)  

COMMUNAL ROOM 12' 8" x 11' 4" (3.86m x 3.45m)  

KITCHEN 17' 5" x 6' 1" (5.31m x 1.85m)  

BATHROOM 7' 8" x 6' 1" (2.34m x 1.85m)  

FIRST FLOOR LANDING  

BEDROOM 11' 4" x 10' 7" (3.45m x 3.23m)  

BEDROOM 11' 3" x 8' 1" (3.43m x 2.46m)  

BEDROOM 12' 10" x 11' 9" (3.91m x 3.58m)  

BEDROOM 12' 11" x 6' 8" (3.94m x 2.03m)  

OUTBUILDING 21' 11" x 12' 2" (6.68m x 3.71m)  

Brochures

2 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.

Band: A

Newland Street West, Lincoln

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Lincoln Central Station0.8 miles
  • Hykeham Station3.3 miles
  • Saxilby Station5.2 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

More properties from this agent

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 102125026632. 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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