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9 bedroom house for sale
St. Catherines, Lincoln, Lincolnshire, LN5
£500,000
St. Catherines, Lincoln, Lincolnshire, LN5
£500,000
Our Summary
- Fully licenced nine bedroom HMO property with a monthly income of £4,305pcm / £51,660 annually and offers a yield over 10% with a development opportunity and a potential for a higher income
- There is a potential to add more en-suites
- AGENTS NOTE - two new kitchens have been installed, a new fire alarm system has been installed, planning for five luxury apartments are available
Description
This fully let investment property offers a potential yield over 10% with a development opportunity. The nine-bedroom HMO features two newly installed kitchens, a utility room, lounge, shower room, WC, and 11 bedrooms, including six with built-in wardrobes and three with en-suites. There is also a communal shower room and WC on the second floor. The property boasts ample parking, bike storage, and gardens, and planning is available for five luxury apartments. With a monthly income of £4,305 and an annual income of £51,660, this investment property presents a lucrative opportunity for investors.