Dixon Street, Lincoln, LN5

A four bedroom terraced house in a city centre location, currently let as an HMO and producing £1,920 per calendar month (£23,040 per annum). Let as a student house share, the property has been fully let each year and is offered for sale with tenancies in place.

On the ground floor is a living room window to the rear and a long galley kitchen with a door to the rear garden, leading through to a utility and bathroom. On the first floor is a convenient WC, with wash basin and toilet. Each of the four bedrooms is furnished with a bed, wardrobe, chest of drawers, desk and chair.

The property benefits from approved flexi-use class (C3/C4), allowing it to be let either as an HMO or residentially. This gives flexibility in how the investment is held, let or sold on in future: as a multi-let HMO producing £23,040 per annum, as a single let to a family or sharers, or as a residential sale to an owner-occupier

Others in the area have been successfully extended to six bedroom HMOs, and there is potential to do the same here, subject to the necessary consents.

The property is a 10 minute walk from both the University of Lincoln campus and the city centre, putting lectures, shops and the city's amenities within easy reach for tenants.

An income-producing asset suited to both portfolio landlords and first-time investors. Viewings strictly by appointment with Taylor Ross.

Hallway

A useful private hallway which connects the front to the rear of the property.

Living Room

4.83m x 3.66m

A reception room with space for both seating and a dining area, with a window to the rear aspect. Leads through to the kitchen.

Utility

2.29m x 0.99m

Utility room with washing machine and boiler.

Kitchen

3.16m x 2.31m

A long galley kitchen with a door to the rear garden, leading through to the utility and bathroom.

Bathroom

Bathroom with basin, toilet, separate shower and window.

Bedroom One

3.94m x 3.63m

A well proportioned bedroom furnished with a bed, wardrobe, chest of drawers, desk and chair. Further benefiting from a large bay window.

Bedroom Two

3.44m x 2.81m

A well proportioned bedroom furnished with a bed, wardrobe, chest of drawers, desk and chair.

Bedroom Three

4.43m x 2.08m

A well proportioned bedroom furnished with a bed, wardrobe, chest of drawers, desk and chair.

Bedroom Four

3.45m x 2.42m

A well proportioned bedroom furnished with a bed, wardrobe, chest of drawers, desk and chair.

WC

First floor WC, with basin, toilet and towel rail.

Outbuilding

4.8m x 1.9m

Large outbuilding, currently used as storage.

Yard

A low maintenance rear yard, accessed from both the hallway and the utility, also providing access to the outbuilding.

Disclaimer

These particulars are intended as a general guide only and do not constitute any part of an offer or contract. All information, measurements and descriptions are provided in good faith but should not be relied upon as statements of fact. Taylor Ross has not tested any services, appliances or equipment. Buyers and tenants are advised to carry out their own inspections and seek independent legal advice before proceeding.