Monks Road, Lincoln

An excellent investment opportunity to acquire a traditional Three Bedroom Mid Terrace Property together with a self contained One Bedroom Basement Flat, sold on separate titles but offered together as one purchase. Both properties are currently tenanted and are being sold strictly to investors as an ongoing investment with tenants in situ. Each dwelling benefits from its own separate utilities, providing two independent income streams from a single acquisition. The combined rental income is £1,250 per calendar month (£700 pcm for 309 Monks Road and £550 pcm for 309a Monks Road), representing an approximate gross yield of 7.5%. This ready made investment offers immediate return and would make a strong addition to an established portfolio. 

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 Lincoln Bishop University. 

309 MONKS ROAD A spacious and traditional three bedroom terraced house offering well proportioned accommodation arranged over two floors, including Two Reception Rooms and Three Double Bedrooms. 

ENTRANCE HALL Accessed via the front entrance door with stairs rising to the first floor landing and a door leading through to the dining room. 

LOUNGE 14' 9" x 11' 5" (4.5m x 3.48m) A bright reception room positioned to the front aspect, benefitting from a bay window that allows natural light to fill the space. Glazed panelled doors provide access through to the dining room, offering flexibility between open plan and separate living.
 

DINING ROOM 12' 1" x 11' 7" (3.68m x 3.53m) An additional reception room with a UPVC window to the rear aspect, providing ample space for dining furniture and direct access through to the kitchen.
 

KITCHEN 14' 4" x 8' 0" (4.37m x 2.44m) Fitted with a range of wall mounted and base cupboard units complemented by tiled wall splashbacks and tiled flooring. The kitchen includes an electric oven and hob, stainless steel sink with drainer and mixer tap, integrated fridge and freezer and space
for a washing machine. A UPVC window overlooks the rear aspect and a door provides external access to the rear yard. An understairs storage cupboard adds further practicality. 

FIRST FLOOR LANDING Providing access to three double bedrooms and the family bathroom. 

BEDROOM 1 14' 9" x 14' 7" (4.5m x 4.44m) A front facing double bedroom with a UPVC window to the front aspect. 

BEDROOM 2 12' 1" x 9' 2" (3.68m x 2.79m) A further double bedroom with a UPVC window to the rear aspect. 

BEDROOM 3 11' 11" x 8' 0" (3.63m x 2.44m) A versatile room currently used as a playroom, offering flexibility as a third bedroom or home office, with a UPVC window to the rear aspect. 

BATHROOM Comprising a three piece suite including a bath with shower over, WC and pedestal wash hand basin. The room benefits from tiled walls, tiled flooring, inset spotlights, extractor fan and a frosted UPVC window to the side aspect. 

OUTSIDE To the rear is a low maintenance yard accessed via steps from the kitchen. 

309A MONKS ROAD A self-contained One Bedroom Basement Flat with its own separate Entrance, providing independent accommodation beneath the main house. 

ENTRANCE HALL Accessed via a private entrance door separate from the main property, with access into the open plan living area and double bedroom. 

OPEN PLAN LIVING 11' 9" x 14' 8" (3.58m x 4.47m) A practical and well arranged space incorporating both lounge and kitchen areas. The kitchen is fitted with a range of wall mounted and base cupboard units, stainless steel sink with drainer and mixer tap, electric oven and hob, integrated fridge and washing machine. A UPVC window faces the rear aspect and there is sufficient space for both lounge furniture and a dining table. 

BEDROOM 8' 10" x 8' 0" (2.69m x 2.44m) A double bedroom with a UPVC window to the rear aspect. 

EN-SUITE Fitted with a three piece suite comprising of a shower enclosure with tiled splashback, WC and pedestal wash hand basin. The room is finished with tiled flooring, an upright chrome towel radiator and extractor fan.