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3 bed property, in Station Road, £299,950
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3 bed flat

Station Road, North Hykeham, Lincoln LN6
£299,950
-16.7%

Price History

Initial price £360,000
Sep 7, 2024 £330,000
Jan 22, 2025 £299,950
Price Change -16.7%

Our Summary

  • Fantastic Investment Opportunity
  • Potential For Further Development (STPP)
  • Located within the desirable North Hykeham area of Lincoln, within walking distance of North Hykeham train station and a wide variety of amenities is this superb investment opportunity on Station Road

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Description

This detached freehold property on Station Road in North Hykeham, Lincoln, offers a fantastic investment opportunity with a gross potential income of £20,800 per annum. The three one-bedroom apartments, which have tenants in situ, have been comprehensively refurbished and extended to include modern amenities such as wiring, heating, kitchens, bathrooms, windows, and doors. With a healthy 5.8% gross return per annum, this property presents a lucrative opportunity for investors.

Located within walking distance of North Hykeham train station and a variety of amenities, this property is a great find for anyone looking to generate a steady income with minimal effort.