Key info
3Bedrooms
0Bathrooms
0 sqmSize
Property description
Strategy: HMO
Detailed Description
A traditional bay fronted terrace house situated close to Lincoln's City Centre which has a HMO license but is available with vacant possession so can suit either an investment buyer or private owner.
The property benefits from well presented accommodation comprising of an entrance hall, living room / double bedroom, reception room, kitchen and bathroom to the ground floor, along with two double bedrooms to the first floor.
The property has been operated as a student rental since 2015. A certificate of lawful use application is currently pending, and the experienced landlord is confident it will be approved by September 20th, 2025, based on the property's established rental history.
Rental income was £16,830 for the 2023/24 tax year and £15,300 for 2022/23.
In 2022, a wall was removed in the second bedroom to create a larger room. However, this can easily be reinstated by the owner to restore the original layout and add an additional bedroom.
Accommodation
Ground Floor
Entrance Hall
Entrance door accessed from shared passageway, stairs rising to first floor.
Living Room / Bedroom
Double glazed bay window to front, radiator.
Reception Room
Double glazed window to rear, under stairs storage cupboard, radiator.
Kitchen
Double glazed window and entrance door to side, stainless steel drainer sink, worktops, base and eye level storage units, integrated oven and hob with extractor over, spaces for washing machine and fridge freezer, wall mounted central heating boiler.
First Floor
Landing
Bedroom One (formerly two bedrooms)
Two double glazed windows to front, two radiators.
Bedroom Two
Double glazed window to rear, radiator, storage cupboard.
Outside
To the rear is an enclosed yard and store.
Other
COUNCIL TAX
Band A
MOBILE
We understand from the Ofcom website there is likely mobile coverage from O2, EE, Three and Vodafone.
BROADBAND
We understand from the Ofcom website that standard, superfast and ultrafast broadband is available at this property with a max download speed of 1800 Mbps and an upload speed of 220 Mbps
BUYER IDENTITY CHECK
Please note that prior to acceptance of any offer, Brown&coJHWalter are required to verify the identity of the buyer to comply with the requirements of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. Further, when a property is for sale by tender, an ID check must be carried out before a tender can be submitted. We are most grateful for your assistance with this.
Sourced reference: 164962199
Location
Disclaimer
Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.
Sales Agent
Brown&cojhwalter
Lincoln
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