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West Parade, West End, Lincoln

PROPERTY TYPE

Terraced

BEDROOMS

4

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

  • House Of Multiple Occupancy
  • Accommodation Over Four Floors
  • Four Double Bedrooms
  • Two Bathrooms
  • 19' Communal Lounge
  • Fantastic Potential To Reconfigure
  • Potential Income Circa £34k Per Annum
  • Call Today To View!

Description

HMO!! 10.12% GROSS YIELD!! Starkey&Brown are pleased to offer for sale this very well presented House of Multiple Occupancy located in a prime student location and within easy walking distance of the University of Lincoln and City Centre. This four storey property has tenancies in place for 2023/2024, generating an impressive income of £23,280 per annum, which represents a healthy 9.9% gross return - there is also excellent potential to reconfigure and further increase revenues. The property has an excellent rental track record, with accommodation which is set over four floors, briefly comprising: 19ft lounge on the lower lever, ground floor kitchen diner, four very well proportioned double bedrooms (one ground floor, two first floor and one second floor) and two large bathrooms (one lower level, one ground floor). Call today to view! Council tax band: B. Freehold.

Basement Level

Lounge

19' 0'' x 11' 8'' (5.79m x 3.55m)

Having 2 radiators, window to rear and understairs storage cupboard.

Bathroom

11' 7'' x 6' 8'' (3.53m x 2.03m)

Having 3 piece suite comprising panelled bath with electric shower appliance over, pedestal wash hand basin, low level WC, wood effect vinyl flooring, radiator, part tiled walls and fire escape door leading to rear.

Ground Floor

Entrance Hallway

Having side entrance door, door with stairs leading to basement level and stairs rising to first floor.

Bedroom 1

15' 6'' into bay x 12' 1'' (4.72m x 3.68m)

Having large walk-in bay window to front aspect, radiator and ornate coving.

Kitchen Diner

13' 0'' min x 12' 1'' (3.96m x 3.68m)

Having a range of matching wall and base units, single drainer stainless steel sink unit with mixer taps over, electric cooker with cooker hood over, space for fridge and freezer, plumbing for washing machine, wood effect vinyl flooring, central heating boiler, radiator and ornate coving.

Bathroom

12' 0'' x 5' 9'' min (3.65m x 1.75m)

Having 3 piece suite comprising panelled bath with electric shower appliance over, pedestal wash hand basin, low level WC, wood effect vinyl flooring, radiator and part tiled walls.

First Floor Landing

Having stairs rising to second floor.

Bedroom 2

13' 1'' x 12' 0'' (3.98m x 3.65m)

Having radiator.

Bedroom 3

12' 10'' x 12' 0'' (3.91m x 3.65m)

Having radiator.

Second Floor Landing

Having skylight window to rear.

Bedroom 4

15' 7'' excluding dormer x 11' 4'' max (4.75m x 3.45m)

Having radiator and large dormer window to rear aspect.

Outside Rear

To the rear of the property there is an enclosed courtyard garden.

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: B
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.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
Ask agent

West Parade, West End, 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.

Your mortgage

Per year
Lenders usually expect a 10% deposit
%
Choose between 2 and 40 years
Years
Current average is 4.5%
%
Monthly repayments
£1,049
We think you can borrow up to
Add your household income above
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Disclaimer - Property reference 12170444. 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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