Sibthorp Street, Lincoln

Bay-fronted three-bedroom end-terraced investment property offered for sale with a long-standing tenant in situ. A rare opportunity for investors to acquire a well-maintained rental property, with the current occupier taking great pride in the home and keeping it presented to a high standard. The accommodation comprises of an Entrance Hall, Lounge, Dining Room, Kitchen/Diner, three double Bedrooms and Bathroom. The property benefits from an enclosed rear yard and garage.
 

LOCATION Sibthorpe Street is conveniently situated just off Lincoln High Street, placing the property within easy walking distance of a wide range of shops, supermarkets, cafés, restaurants and everyday amenities. The property is particularly well positioned for commuters, with Lincoln Central Railway Station and the Central Bus Station both approximately a five-minute walk away. There are also a number of local schools, leisure facilities and green spaces nearby, making this a popular residential location close to the heart of the city. 

INVESTMENT INFORMATION - Sold with tenants in situ
- Current Rent: £500 PCM
- Long-standing tenant
- Approximate Gross Yield: 3.75% (based on an asking price of £160,000)
 

ENTRANCE HALL A welcoming entrance hall with tiled flooring, radiator, frosted UPVC entrance door and stairs rise to the first floor landing. 

LOUNGE 14' 6" x 11' 6" (4.42m x 3.51m) A spacious bay-fronted reception room with UPVC bay window to the front aspect and an additional side window providing excellent natural light. Further benefits include a feature fireplace with mantel surround and radiator. 

DINING ROOM 14' 6" x 11' 5" (4.42m x 3.48m) A second reception room with windows to both the front and side aspects, radiator and useful under-stairs storage cupboard. 

KITCHEN 15' 11" x 8' 6" (4.85m x 2.59m) Fitted with a range of wall-mounted cupboard and base units with complementary work surfaces, features include a stainless-steel sink, space for appliances, wall-mounted gas combination boiler and additional built-in storage cupboard, UPVC windows overlook the rear aspect, while there is ample space for dining furniture. 

FIRST FLOOR LANDING Providing access to all three bedrooms and the bathroom, a built-in storage cupboard, loft access and UPVC window. 

BEDROOM 1 14' 6" x 11' 4" (4.42m x 3.45m) A generous double bedroom with a radiator and windows to both the front and side aspects. 

BEDROOM 2 11' 8" x 9' 7" (3.56m x 2.92m) A further double bedroom with window, radiator and laminate flooring. 

BEDROOM 3 9' 11" x 8' 7" (3.02m x 2.62m) A third double bedroom with UPVC window and radiator. 

BATHROOM Fitted with a three-piece suite comprising shower cubicle with mains shower, WC and wash hand basin, tiled flooring, tiled splashbacks, radiator, extractor and frosted window. 

OUTSIDE To the rear of the property there is a low-maintenance enclosed yard incorporating concrete seating areas and artificial lawn for ease of upkeep. A particularly valuable feature is the detached garage, accessed via a manual up-and-over door, something rarely found with properties of this type and location. Pedestrian access is provided from the garage directly into the rear yard. 

GARAGE 16' 9" x 7' (5.11m x 2.13m) Detached garage with manual up-and-over door and pedestrian door providing direct access into the rear garden.