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4 bedroom terraced house for sale
Alexandra Terrace, Lincoln
£198,000
Alexandra Terrace, Lincoln
£198,000
Our Summary
- Currently being utilised as student accommodation, producing a rental income of £20,000 per annum, giving a gross yield of 10%, with the potential to increase this year on year in line with market rent
Description
Pridea Sales and Lettings presents a 4-bedroom, terraced property in Lincoln's uphill area, currently used as student accommodation. The property produces a rental income of £20,000 per annum, yielding 10%, with potential for growth. The accommodation features a kitchen/dining area, living room, and utility area on the lower ground floor, with two double bedrooms on the ground floor and two more bedrooms, including a single, and a bathroom on the first floor. The property also has a decked patio area and outdoor space to the rear, with access to the front. The interior features UPVc windows, radiators, and laminate wood flooring, with a three-piece suite in the bathroom. With early viewing advised, this property offers a great opportunity for investors or those looking for a unique living space.