13 Albert Crescent, Lincoln, Lincolnshire, LN1
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
6
- SIZE
1,259 sq ft
117 sq m
- TENUREDescribes 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
- Gross Initial Yield: 11.26%
- Rental Income: £40,545 p.a.
- Comprises 6-bed HMO (4 en-suite) with communal kitchen/dining, living room and 1 communal bathroom
- Situated within 15 minute walk from the University of Lincoln and a 15 minute walk from Lincoln's City Centre
Description
Gross Initial Yield: 11.26%
Rental Income: £40,545 p.a.
VAT is NOT applicable to this property
Comprises 6-bed HMO (4 en-suite) with communal kitchen/dining, living room and 1 communal bathroom
Situated within 15 minute walk from the University of Lincoln, a 25 minute walk from Bishop Grosseteste University and a 15 minute walk from Lincoln's City Centre.
Property Description:
Comprises mid-terrace 6-bedroom HMO, newly refurbished to a high standard and arranged as a ground floor kitchen/dining, living room and 2 en-suite bedrooms. First floor provides 4 bedrooms (2 en-suite and 2 with shared bathroom). The property was recently renovated to a high standard in 2021 to extend the kitchen/living area to include en-suites in 4 out of 6 rooms.
Ground Floor: 75 sq m (807 sq ft)
First Floor: 42 sq m (452 sq ft)
Total GIA: 117 sq m (1,259 sq ft)
HMO Licensed Property (C4 use class) Reference - 2019/0760/CLE.
Tenancy:
The property is at present let to Individuals for a term of 51 Weeks from 28th August 2024 at an agreed rent of £40,545 per annum. Deposit held of £1,800.
Vendor will top up rent, so the buyer receives £40,545 p.a. from completion.
Location:
The property is located on Albert Crescent within a residential area just a 15 minute walk from Lincoln's City Centre, 15 minute walk from the University of Lincoln, a 25 minute walk from Bishop Grosseteste University and a 30 minute walk from the County Hospital. The city's train station is located just a 20 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
13 Albert Crescent, Lincoln, Lincolnshire, LN1
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Visit our security centre to find out moreDisclaimer - Property reference 13albertcresent. 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.
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