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2 bedroom terraced house for sale
Henry Street, Lincoln, Lincolnshire, LN5
£122,000
Henry Street, Lincoln, Lincolnshire, LN5
£122,000
Our Summary
- Turnkey investment opportunity
Description
This 2-bedroom terraced house, freehold property is currently rented out for £550 PCM, generating an annual income of £6,600. The property has on-street parking and a rear yard space, making it a desirable location. The current yield is 5.4% gross, but with a potential yield of 8.4% gross if the rent is increased to match the local average of £856-£875 PCM. The property's expected sale price is £122,000, aligned with local comparables. Over the past decade, the local market has seen a 47-53% capital growth trend, and a 48.5% rental growth trend, making this property a potentially lucrative investment opportunity.