5 bedroom terraced house for sale

>

5 bedroom terraced house for sale

Ripon Street, Lincoln, LN5
£180,000

Our Summary

  • INVESTMENT OPPORTUNITY
  • When fully occupied, the property has the potential to receive a gross annual income of £26,040 inc bills producing a potential yield of 13%
  • Licensed HMO investment opportunity

Description

This 5-bedroom HMO property is an investment opportunity located near the city centre, offering a potential gross annual income of £26,040 and a yield of 13%. The property features a reception room, kitchen, ground floor shower room and bedroom, three first-floor bedrooms and shower room, and a second-floor bedroom. The kitchen is equipped with modern appliances, and the property also has a rear yard with two outbuildings. The property is currently fully let, with all five rooms occupied. With gas central heating, mains electricity, and mains water and drainage, this property presents a solid investment opportunity for those looking to generate a steady income.