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Portland Street, Lincoln, LN5 5 bed terraced house for sale
Portland Street, Lincoln, LN5
£220,000
Portland Street, Lincoln, LN5
£220,000
Our Summary
- This fully licensed 5-bedroom HMO presents an exceptional investment opportunity in the heart of Lincoln
Description
This fully licensed 5-bedroom HMO in Lincoln's city centre offers an exceptional investment opportunity with a remarkable track record of 100% occupancy for seven years, with no void periods except for the current period. The property features five generously sized double bedrooms, a shared reception room, a well-equipped kitchen, and a communal courtyard. With a strong rental yield of approximately 10.69% (Gross) - 9.55% (Net), generating a total yearly income of £26,640, this HMO is a lucrative investment. Currently vacant, the property is ready for immediate occupation or re-letting, offering a seamless transition for the new owner. With no onward chain, this opportunity is not to be missed, and exclusive listing with Walters facilitates a swift and straightforward purchase.