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Station Road, North Hykeham 3 bed semi
Station Road, North Hykeham
£210,000
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.