6 bedroom terraced house for sale

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6 bedroom terraced house for sale

Albany Street, Lincoln
£415,000

Our Summary

  • INVESTMENT PROPERTY, 3 x 2 Bed Separate Dwellings, Recently Converted, FULLY LET UNTIL AUGUST 2025, Generating approx £45k gross pa, UPHILL LOCATIONProperty Description - We are delighted to offer to the market an investment opportunity of 3 separate two bedroom properties situated in the popular Uphill area of Lincoln just off Burton Road
  • INVESTMENT OPPORTUNITY
  • Investment opportunity

Description

This investment property consists of three separate two-bedroom dwellings, fully converted and let until August 2025, generating approximately £45,000 gross per annum. The properties are situated in an uphill location in Lincoln, close to shops and amenities, and benefit from gas central heating, uPVC double-glazed windows, and fully fitted kitchens. Each property has its own separate heating system and utilities, and is being sold fully furnished with all agreements in place. The properties have been refurbished in 2022 and have an EPC rating of C. The rent for each property is £260-£300 per week, including bills, and is let agreed for 2024/2025. The management fee is 10% plus VAT of rent, and other bills include gas and electric, TV licenses, internet, and water.