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3 bedroom terraced house for sale
Greetwell Gate, Lincoln LN2
£200,000
Greetwell Gate, Lincoln LN2
£200,000
Our Summary
- Additionally, the property offers potential for conversion into a private home or a profitable holiday let, capitalising on its excellent location
Description
This three-bedroom house in Uphill Lincoln is a prime location, close to the desirable Bailgate and Cathedral Quarter, with a range of independent shops, restaurants, and cafes. The property is currently operating as a House of Multiple Occupancy (HMO), generating a gross annual rent of £17,160, providing a current gross yield of 8.58%. The property features a hall, lounge, dining room, modern fitted kitchen, WC, and two bedrooms and a shower room on the first floor, with a pleasant rear garden. The property also has a fixed-term tenancy in place until September 2025, with a rent of £330 per week, inclusive of bills, to three tenants. Additionally, the property offers potential for conversion into a private home or a profitable holiday let, capitalizing on its excellent location.