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3 bedroom terraced house for sale
Newland Street West, Lincoln
£154,000
Newland Street West, Lincoln
£154,000
Our Summary
- INVESTMENT OPPORTUNITY - 3 BEDROOM HMO - An excellent investment opportunity to purchase a three bedroom mid-terraced house, currently let on a multi-room basis with tenants in place until July 2025
Description
This is an investment opportunity to purchase a three-bedroom mid-terraced house in Lincoln, currently generating an income of approximately £17,000 per annum with a gross yield of 10.79%. The property is located just a short walk from Lincoln University and the city center, and is Article 4 compliant and accredited with Lincoln University. The property features a communal lounge, kitchen, utility area, bathroom, and three double bedrooms, with a rear yard and outbuilding. The property is currently let on a multi-room basis with tenants in place until July 2025, offering a stable and predictable income stream. With all mains services available and gas fired central heating, this property presents a great opportunity for investors looking to diversify their portfolio.