5 bedroom terraced house for sale

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5 bedroom terraced house for sale

Ripon Street, Lincoln, LN5
£195,000

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 is an investment opportunity located close to the city center. The property features a reception room, kitchen, ground floor shower room, and bedroom, as well as three first-floor bedrooms and a shower room, and a second-floor bedroom. The rear yard and outbuilding provide additional space. The property is currently let to three tenants, with the potential to generate a gross annual income of £25,824 and a potential yield of 13% when fully occupied. With gas central heating, mains electricity, water, and drainage, this property offers a great opportunity for investors looking to generate a steady income.