Ely Street, Lincoln, LN1 4 bed terraced house for sale

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Ely Street, Lincoln, LN1 4 bed terraced house for sale

Ely Street, Lincoln, LN1
£200,000

Our Summary

  • Spanning three floors and offering spacious accommodation throughout, this property represents an outstanding investment opportunity for those looking to acquire a ready-made, income-generating asset in one of the city’s most popular rental locations

Description

Lovelle is pleased to offer this well-presented four-bedroom HMO property in Lincoln's sought-after West End area, an outstanding investment opportunity for those seeking a ready-made, income-generating asset. The property is currently fully let and expected to generate a gross annual income of £24,960, equivalent to a 12.48% gross yield. The property features a welcoming living room, modern kitchen, three-piece bathroom, and three double bedrooms across three floors. A low-maintenance rear courtyard with decking and seating area provides a peaceful outdoor space. With its prime location near Lincoln University, local amenities, and transport links, the property is ideal for students and young professionals. With an EPC rating of D and freehold tenure, this property presents a unique opportunity for investors.