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West Parade, Lincoln, Lincolnshire, LN1 4 bed terraced house for sale
West Parade, Lincoln, Lincolnshire, LN1
£210,000
West Parade, Lincoln, Lincolnshire, LN1
£210,000
Our Summary
- Just a short walk from the University of Lincoln campus and the vibrant city centre, this property offers an excellent opportunity for investors looking for a ready-made, income-generating asset with further scope for enhancement
- For investors seeking further potential, the property’s size and layout lend themselves to possible reconfiguration — subject to the necessary consents — to create additional bedrooms or bathrooms, maximising returns
- “There’s so much potential here — with scope to add further bedrooms or bathrooms for even greater yield
- Upstairs, the first-floor landing provides access to three further bedrooms, with enough width and head height for a future loft conversion if desired (subject to the relevant consents)
- Planning Permissions: No applications currently affecting the property
- Potential to reconfigure/add rooms (STPP)
Description
This four-bedroom house of multiple occupancy (HMO) is located in Lincoln's popular West End student area, just a short walk from the University of Lincoln campus and the city centre. The property has a strong gross rental income of £21,388 per annum, representing a 10.18% gross yield. With its spacious layout and generous walled garden, the property has potential for further enhancement, including the possibility of adding more bedrooms or bathrooms. The location is ideal for students and professionals alike, with a wide range of local amenities and easy access to public transport. The property benefits from gas central heating, uPVC double glazing, and a traditional brick build. With its excellent investment potential and desirable location, this property is a great opportunity for investors looking for a ready-made, income-generating asset.