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5 bedroom terraced house for sale
Ripon Street, Lincoln, LN5
£190,000
Ripon Street, Lincoln, LN5
£190,000
Our Summary
- INVESTMENT OPPORTUNITY
- When fully occupied, the property has the potential to receive a gross annual income of £25,824 inc bills producing a potential yield of of 13%
- Licensed HMO investment opportunity
Description
This 5-bedroom HMO property, located near the city center, offers an investment opportunity with potential to generate a gross annual income of £25,824 and a yield of 13%. The property features a reception room, kitchen, ground floor shower room, and bedroom, with three first-floor bedrooms and a shower room, and a second-floor bedroom. The kitchen includes a sink, electric oven and hob, and space for appliances, while the shower room has an electric shower, sink, and WC. The property also has a rear yard and two outbuildings. With three rooms currently let, the property has the potential to increase its income with additional rentals.