3 bedroom terraced house for sale

Archer Street, Lincoln

£149,950

Property Description

Key features

  • Investment House Share
  • Let For 18/19 Academic Year
  • Confirmed C4 Status - Certificate of Lawful Use
  • 3 Double Bedrooms
  • 1 En Suite & 1 Shower Room
  • Approx. Gross Annual Income of 13,500
  • Approx. Annual Gross Rental Yield 9%
  • Great Central Location
  • Approx. 15 Min Walk to University of Lincoln
  • EPC Rating C

Full description

Tenure: Freehold

Investment House Share, LET FOR THE ACADEMIC YEAR, Confirmed C4 Status via a Certificate of Lawful Use.

Cloud Investment Sales are pleased to offer this refurbished, 3 double bedroom, mid terrace house share located off Lincoln High Street, just a 15 minute (approx.) walk to The University of Lincoln.

The property is set over 2 floors with the front door leading into entrance with the ground floor comprising of the communal living room, kitchen, utility/wc and bedroom 1 which offers an en suite shower room. The first floor then gives access to a shower room along with the 2 further bedrooms, both with basins in their room.

The exterior of the property offers a rear garden with on street parking to the front.

The property has a tenancy agreed for the current academic year to students (on a fully furnished, bills inclusive basis) at £392 per room per month on a 50 week tenancy expiring on the 14th July 2019. The above figures equate to an approx annual income of £13,500 giving an approx annual gross rental yield of 9%.

All figures based on 50 week tenancies and yields based on asking price.

The property will also be sold fully furnished as to ensure the tenancies can continue to run smoothly.

EPC rating C
Council Tax Band A
Lincoln City Council

Contact Us:

Interested in viewing or would like some further information, contact us now on the information below or visit our offices 41 Carholme Road, Lincoln, LN1 1RN.

Call: 01522 802020 | Text: 07956 735 088 | Email: Carl@cloudlettings.co.uk


Investment Sales & Valuations:

Specialising in investment sales, we know the key to achieving the best possible price is by understanding every aspect of the investment market. Our knowledge of local market changes will ensure you are best placed from the outset. With our years of lettings experience, we also understand the importance of keeping tenants happy, after all, what's an investment without them. We'll keep your tenants fully informed from day one, easing any concerns, amicably organising viewings to suit them, as well as keeping any transition of owner as smooth as possible. You shouldn't need to wait until your tenants vacate before selling your property (leaving you with void periods). If it's done properly, the tenants really shouldn't notice - our lettings team and the fully managed service will ensure this is the case.

Investment properties have to be treated differently to the run of the mill 'Residential Sales'. As a property owner, you can take confidence that Cloud Lettings understands and thrives in the market of investment sales, we will do all we can to ensure you realise the best price possible.

So, if you're looking to invest in Lincoln and want an honest and genuine chat before you start your search or have an investment property you want to sell, please get in touch with us on:

Call: 01522 802020 | Email: Carl@cloudlettings.co.uk


Lettings Services:

Lettings is our 'bread and butter', we have years of experience and our fantastic team can offer a comprehensive fully managed service to landlords who have quality, well maintained properties to let whether it be a residential or student / house share. We also offer an unrivalled understanding of the student lettings market and the advantage of well established relationships with both Universities in Lincoln, we have the knowledge and resources to effectively market and manage student properties. Looking to let your property, give us a call on the number above.


Disclaimer:

Whilst we endeavour to create accurate and reliable sales particulars, they, along with all floorplans and measurements provided are only a general guide to the property and do not constitute as fact or form part of any offer or contract.

It is your responsibility to independently verify the particulars. Neither Cloud Lettings Ltd nor any of its employees or agents has any authority to make or give any representation or warranty in relation to this property. 


More information from this agent

Listing History

Added on Rightmove:
09 May 2018

Nearest stations

  • Lincoln Central (0.2 mi)
  • Hykeham (3.3 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Cloud Lettings Ltd, Lincoln - Sales

41 Carholme Road, Lincoln, LN1 1RN

01522 418061 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Cloud Lettings Ltd, Lincoln - Sales

41 Carholme Road, Lincoln, LN1 1RN

01522 418061 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Lincoln Central (0.2 mi)
  • Hykeham (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Cloud Lettings Ltd, Lincoln - Sales

41 Carholme Road, Lincoln, LN1 1RN

01522 418061 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 101431000765. 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 Cloud Lettings Ltd, Lincoln - Sales. 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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