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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 currently generates a strong gross rental income of £23,736 per annum, representing an approximate 11.3% gross yield, and has potential for further enhancement through reconfiguration. The property features a spacious kitchen, communal areas, and a generous walled garden, and is ideally located for investors seeking a ready-made, income-generating asset. With its prime location, generous living spaces, and potential for further development, this property offers an excellent opportunity for investors looking to capitalize on Lincoln's thriving student market.