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6 bed end of terrace house
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Our Summary
- Investment Potential
- For Sale Via Modern Method of Auction
- ***BEING SOLD AS VACANT POSSESSION THROUGH THE MODERN METHOD OF AUCTION WITH NO ONWARD CHAIN IS THIS 6 BEDROOM END OF TERRACE PROPERTY
- WITH THE POTENTIAL OF GENERATING CIRCA £31,200 - £43,680 PER ANNUM*** Welcome to 8 Percy Street
- A well positioned and generously sized property that offers fantastic investment potential as a potential HMO (with the relevant licensing and certifications) or as a individual rental
- A well proportioned property that is in need of some upgrading throughout but the potential is vast
- The property offers extension potential to the side aspect to enhance living space even further (subject to planning)
- A breakdown of the potential rents are below (weekly): Individual Rooms; Circa £100 - £140 Per Week/Per Room Resulting in a potential Income Generation of Circa £31,200 - £43,680 per annum
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Description
This 6-bedroom end-of-terrace property is located on Percy Street and features a spacious layout with extension potential to the side aspect. The property has individual rooms that can be rented, with potential weekly rents of £100-£140 per room, generating a total potential income of £31,200-£43,680 per annum. Alternatively, the property can be rented out as a whole, with a potential income of £1,500 per calendar month.
The property is a freehold and is bordered by the City of Lincoln Council-Band A, with an EPC grade of D. The property has a total of 8 rooms, with features including carpet flooring, uPVC doors, double-glazed windows, fitted kitchen, and two shower rooms.