Available
Lincoln – 4-Bed HMO
15 Good Lane, Lincoln LN1 3EHFreehold 4-Bed HMO Investment
Price
£210,000
Rent P.A.
£13,260
Yield
6.31%
Tenure
Freehold
Lease Term
51 Weeks
Years Left on Lease
Holding Over
Area
700 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Gross Initial Yield: 6.31%
- Rental Income: £13,260 p.a.
- Comprises 4-bed HMO with communal kitchen/dining, living room and 1 communal bathroom
- Situated within 25 minute walk from the University of Lincoln, a 10 minute walk from Bishop Grosseteste University and a 15 minute walk from Lincoln’s City Centre.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises mid-terrace 4-bedroom HMO, newly refurbished to a high standard and arranged as a ground floor kitchen, living/dining room, bedroom and communal bathroom, with 3 bedrooms at first floor.
Ground Floor: 35 sq m (377 sq ft)
First Floor: 30 sq m (323 sq ft)
Total GIA: 65 sq m (700 sq ft)
HMO Licensed Property (C4 use class) Reference - 2018/0749/CLE
Ground Floor: 35 sq m (377 sq ft)
First Floor: 30 sq m (323 sq ft)
Total GIA: 65 sq m (700 sq ft)
HMO Licensed Property (C4 use class) Reference - 2018/0749/CLE
Tenancy Description
The property is at present let to Individuals for a term of 51 Weeks from 19th September 2023 at a current rent of £13,260 per annum. Deposit held of £600.
Tenancies & Accommodation
Location Description
The property is located on Good Lane within a residential area just a 15 minute walk from Lincoln’s City Centre, 25 minute walk from the University of Lincoln, a 10 minute walk from Bishop Grosseteste University. The city’s train station is located just a 15 minute walk from the property. The station offers regular connections throughout the country, with regular services running to Newark Northgate, Edinburgh and London Kings Cross.
