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5 bedroom house of multiple occupation for sale
Monks Road, Lincoln, LN2
£195,000
Monks Road, Lincoln, LN2
£195,000
Our Summary
- Presenting an excellent investment opportunity, this generously sized 5-bedroom property on Monks Road offers an ideal blend of space, comfort, and convenience
- This property presents a solid investment opportunity with significant potential for long term cashflow and returns
- The property sits within an Article 4 area which prevents the conversion of C3 (residential dwellings) into C4 HMO's without planning permission, due to the cap on new supply the demand for these properties has gone up significantly and as such the values are strong
Description
This 5-bedroom property on Monks Road in Lincoln offers a fantastic investment opportunity, with a projected cashflow of £465.28 per month and a return on investment (ROI) of 8.1% in 2024/2025. With four of the five rooms currently let, the property has significant potential for growth once fully occupied, with a projected cashflow of £733.95 and an ROI of 12.8%. The property boasts 100m2 of internal living space, with five bright and airy bedrooms, a large communal living area, and a fully equipped kitchen. The property also features a modern first-floor bathroom and an additional separate WC on the ground floor. The property is located in a central location, just a short walk from the University of Lincoln, Lincoln College, and local amenities, making it an attractive option for students and professionals. With its strong cashflow potential and central location, this property presents a solid investment opportunity with significant potential for long-term returns.