Newark Road, Lincolnshire LN5 9 bed end of terrace house for sale

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Newark Road, Lincolnshire LN5 9 bed end of terrace house for sale

Newark Road, Lincoln, Lincolnshire LN5
£450,000

Our Summary

  • This superb investment property is currently achieving circa £56,000 per annum but has the potential to achieve over £60,000
  • The vendors started some of the structural work to protect the planning permission

Description

This impressive nine-bedroom HMO property is located in a fantastic area and is currently generating around £56,000 per annum, with potential to increase to over £60,000. The property features nine spacious bedrooms, each with its own en-suite bathroom, as well as three communal areas, a laundry room, and a fully enclosed courtyard to the rear. The property has planning permission to be converted into five separate flats, and the current vendors have already started some of the structural work to protect this permission. The property is freehold and is rated Band B for council tax and Grade D for energy efficiency. With its large number of bedrooms and en-suites, this property offers tenants the opportunity for independent living, making it an attractive investment opportunity.