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9 bedroom house of multiple occupation for sale
West Parade, Lincoln, Lincolnshire, LN1
£390,000
West Parade, Lincoln, Lincolnshire, LN1
£390,000
Our Summary
- Prime Investment Opportunity in Lincoln's West End National Residential proudly presents this impressive 9-bedroom freehold period townhouse HMO property nestled in the sought-after west end area of Lincoln
- 1 miles from Lincoln Medieval Bishops' Palace, this shared house stands as a cornerstone investment opportunity
- This HMO property is a must-see investment opportunity
- Excellent Investment Opportunity
Description
This impressive 9-bedroom freehold period townhouse HMO property is situated in Lincoln's sought-after west end area, within walking distance to the city centre, Lincoln University, and Lincoln Medieval Bishops' Palace. The property is currently configured into a 6-bedroom flat and a 3-bedroom flat, offering versatile living arrangements. With a large driveway and rear garden, the property presents an attractive opportunity for investors seeking healthy rental income. Currently, all rooms are rented to students, generating an impressive gross yearly rental income of £56,495.76, with operating expenses and management agent fees factored in, the monthly net income stands at £3,550. Strategically positioned for easy access to the town centre, university, transport links, and supermarkets, the property holds significant appeal for potential tenants. This HMO property is a must-see investment opportunity, with exceptional potential and fantastic rental yields, and is only available for purchasers who are not in a chain.