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Newark Road, Lincoln 3 bed townhouse for sale
Newark Road, Lincoln
£195,000
Newark Road, Lincoln
£195,000
Our Summary
- Converted townhouse investment opportunity comprising of three tenanted flats generating an existing gross yield of 9
- 0% with the potential to further increase
- EPC Rating - E / E / ECouncil Tax Band - No BandingTenure - FreeholdInvestment Opportunity - EXISTING YIELD (based on asking price) - 9
- Investment Opportunity
Description
This converted townhouse investment opportunity comprises three tenanted flats, generating an existing gross yield of 9.0%. The property is offered for sale with tenants in situ and no onward chain, providing a hassle-free investment opportunity. The three flats are located in Lincoln City Centre, within walking distance to shops, public houses, and schools, including the Outstanding Ofsted Rated LSST Priory. The property features a communal hallway, entrance passage, and a west-facing communal garden for the occupants to enjoy. Each flat is independently metered, and the rent is not inclusive of bills. The existing yield is based on the asking price, with Flat 1 generating £650 per month, Flat 2 generating £425 per month, and Flat 3 generating £395 per month, totaling £1,470 per month. With an EPC rating of E, E, and EC, and a council tax band of no banding, this property presents a unique investment opportunity with potential for further yield increase.