For Sale

4 Bedroom Terraced House

Dixon Street, LINCOLN LN5 8AQ


£190,000

  • Type: Terraced House Bedrooms: 4
  • Tenure: Freehold Strategy: HMO
  • Price: £190,000 Zoopla Valuation: £190,000
  • Occupancy: Tenanted Gross Yield: 11.5%
  • Current Rent: £1,820 Market Rent: £1,820
  • Size: 829 Sq. Ft. (77 Sq.M.) sq ft EPC: (2023) 66 (D) Potential B (88)

Property Description

•Asking Price of £190,000
•Currently tenanted with annual rent of £21,840
•Gross Yield of 11.5%

•4 Bedroom, Terraced House
•HMO Strategy

•The property was fully refurbished in the last 3 years
•Fully Furnished - Recently spent £3.6k+ on new furniture including several beds to make Airbnb standard. TVs in each room + newly replenished bathroom + ceiling.

Tenancy
•Room 1 Rent: £455
•Room 2 Rent: £455
•Room 3 Rent: £455
•Room 4 Rent: £455

•Total Annual Rent: £21,840

Bills
•Utilities: £140
•Broadband: £77
•Total Annual Bills: £2604
•Net Yield (%): 10%

Article 4
•Located Outside Article 4 Area

•Location information
The property is located outside the city centre, around 1 mile from the centre
There is a bus stop a short walk away with regular services
Lincoln High Street and its local amenities are a short walk from the property
Within walking distance to the university or a 6-minute cycle ride
Lincoln Central railway station is 0.8 miles from the property

•Lending: Contact Our Broker for Quote

Further details on my website:  https://properties-wisewayrealestate.co.uk/listing/67605d18826a450703fc22ce

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