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9 Hereward Street, Lincoln, Lincolnshire, LN1

PROPERTY TYPE

House of Multiple Occupation

BEDROOMS

5

SIZE

1,119 sq ft

104 sq m

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

Floor Plans
1

Key features

  • Gross Initial Yield: 9.12%
  • Rental Income: £23,715 p.a.
  • Comprises 5-bed HMO
  • 13 minute walk from Bishop Grosseteste University
  • Situated within 25 minute walk from the University of Lincoln
  • Communal kitchen, dining room, cinema room

Description

Investment Consideration:
Gross Initial Yield: 9.12%
Rental Income: £23,715 p.a.
VAT is NOT applicable to this property
Comprises 5-bed HMO with communal kitchen, dining room, cinema room and 2 bathrooms
Situated within 25 minute walk from the University of Lincoln, a 13 minute walk from Bishop Grosseteste University and a 30 minute walk from the County Hospital.

Property Description:
Comprises mid-terrace 5-bedroom HMO, arranged as a ground floor kitchen with separate dining room and 1 bedroom. First floor provides 2 bedrooms with communal bathroom and second floor provides 2 bedrooms. The basement provides cinema room and communal bathroom.
Ground Floor: 34 sq m (366 sq ft)
First Floor: 25 sq m (269 sq ft)
Second Floor: 19 sq m (204 sq ft)
Basement: 26 sq m (280 sq ft)
Total GIA: 104 sq m (1,119 sq ft)
HMO Licensed Property (C4 use class) Reference - 2018/1327/CLE.

Tenancy:
The property is at present let to Individuals for a term of 51 Weeks from 27th August 2024 at an agreed rent of £23,715 p.a. Deposit held of £1,200. Vendor will top up rent, so the buyer receives the equivalent to £23,715 p.a. from completion.

Location:
The property is located on Hereward Street within a residential area just a 15 minute walk from Lincoln's City Centre, 25 minute walk from the University of Lincoln, a 13 minute walk from Bishop Grosseteste University and a 30 minute walk from the County Hospital. The city's train station is located just a 25 minute walk from the property. The station offers regular connections throughout the country, with regular services running to Newark Northgate, Edinburgh and London Kings Cross.

Brochures

Property Particulars
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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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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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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Energy performance certificate - ask agent

9 Hereward Street, Lincoln, Lincolnshire, LN1

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About Blue Alpine, London

54 Welbeck Street, London W1G 9XS

Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.

Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.

We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.

Together, we unlock potential.

Your mortgage

Per year
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Choose between 1 and 40 years
Years
%
Monthly repayments
£1,214
We think you can borrow up to
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Disclaimer - Property reference 9Herewardstr. 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 Blue Alpine, London. 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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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