Newark Road, Lincoln 3 bed townhouse for sale

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Newark Road, Lincoln 3 bed townhouse for sale

Newark Road, Lincoln
£200,000

Our Summary

  • Converted townhouse investment opportunity comprising of three tenanted flats generating an existing gross yield of 8
  • 8% with the potential to further increase
  • EPC Rating - E / E / ECouncil Tax Band - No BandingTenure - FreeholdInvestment Opportunity - EXISTING YIELD (based on asking price) - 8,8%Flat 1 - £650pcmFlat 2 - £425pcmFlat 3 - £395pcm-Total - £1470pcmAll flats are independently metered and the rent is not inclusive of bills
  • Investment Opportunity

Description

This converted townhouse investment opportunity comprises three tenanted flats, generating an existing gross yield of 8.8%. The property is offered for sale with tenants in situ and no onward chain, allowing for a quick and straightforward purchase. The three flats are situated on different floors, each with its own unique layout and features. The ground floor flat has a living room, kitchen, shower room, and bedroom, while the first and second floors have open-plan living kitchens and bedrooms with en-suite facilities. The property benefits from a short walk to Lincoln City Centre, which offers a range of amenities, including shops, pubs, and schools. The flats are independently metered, and the rent is not inclusive of bills. The property also features a communal rear garden and on-road parking to the front. With an existing yield of 8.8%, this investment opportunity has the potential to further increase its returns.