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3 bedroom terraced house for sale
West Parade, Lincoln LN1
£175,000
West Parade, Lincoln LN1
£175,000
Our Summary
- Positioned in the vibrant heart of Lincoln City Centre, this three-storey property offers a fantastic investment opportunity for those looking to capitalise on the area's strong rental market
Description
This three-storey property in Lincoln City Centre offers a fantastic investment opportunity, generating a solid rental income of £17,940 per annum and a gross yield of 10.25%. The property comprises a communal room, kitchen, bathroom, and three bedrooms, with a garden to the rear providing outdoor space. The property is situated in the heart of the city, close to shops, cafes, transport links, and cultural landmarks, making it highly attractive to students and young professionals. The location is ideal, with the historic Cathedral and University City of Lincoln, High Street shops, and department stores nearby. The property has a total of three lettable rooms, currently tenanted until 26th July 2025, and achieves a rental income of £354 per week, including bills.