6 bed terraced house

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6 bed terraced house

Charles Street West, West End, Lincoln LN1
£239,950

Our Summary

  • Over the years, the current landlord has had a continued program of refurbishments and upgrades to offer a superb standard of living accommodation to potential tenants

Description

This six-bedroom HMO property is located in a prime West End position and offers a lucrative investment opportunity. With a 48-week contract in place for the full 24/25 University year, the property generates an annual income of £27,840, representing a gross yield of 11.1% at the asking price. The property has a proven track record of successful tenancies and comes with a HMO license and C4 approval, ensuring compliance with Article 4 planning conditions. The property has undergone a program of refurbishments and upgrades to provide a high standard of living accommodation, featuring six bedrooms, three bathrooms, and two "annexe rooms" with a shared Jack & Jill shower room. With council tax band A and freehold ownership, this property presents an attractive investment opportunity for those looking to generate a strong yield in a popular student location.