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6 bed property, in Percy Street, £200,000
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6 bed end of terrace house

Percy Street, Lincoln, Lincolnshire LN2
£200,000

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Our Summary

  • Investment Potential
  • 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

The property is a 6-bedroom end of terrace property with extension potential to the side aspect. It is a well-proportioned property in need of upgrading throughout, with a suggestion to add an ACO drain to the front to eliminate the risk of rainwater penetration. The property has a City of Lincoln Council-Band A rating and an EPC Grade D rating.

It is a freehold property with the potential to generate income through individual room rentals or as a whole property rental, with estimated weekly rents ranging from £100-£140 per room or £1,500 per month for the whole property.