Station Road, North Hykeham 3 bed semi

>

Station Road, North Hykeham 3 bed semi

Station Road, North Hykeham
£210,000

Our Summary

  • Converted semi-detached investment opportunity separated into two self contained flats offering a gross yield of 8
  • EPC Rating - C / CCouncil Tax Band - A / ATenure - FreeholdInvestment Opportunity - The property benefits from being sold with tenants in situ with Flat 2 on a periodic tenancy and Flat 1 on a fixed term AST until February 2025

Description

This converted semi-detached property offers a lucrative investment opportunity, with two self-contained flats generating a gross yield of 8.2%. Flat 2 is located on the ground floor and features a kitchen, living room, two bedrooms, and a shower room, while Flat 1 is on the first floor and includes a hallway, living room, kitchen, one bedroom, and a shower room. Both flats are independently metered and have their own separate entrances. The property is currently tenanted, with Flat 2 on a periodic tenancy and Flat 1 on a fixed-term AST until February 2025, earning £650 per month. Located in North Hykeham, the property benefits from being close to local amenities, schools, and transport links, with an EPC rating of C and Council Tax Band A.