>
3 bedroom terraced house for sale
Newland Street West, Lincoln
£145,000
Newland Street West, Lincoln
£145,000
Our Summary
- INVESTMENT OPPORTUNITY - 3 BEDROOM HMO - An excellent investment opportunity to purchase a three bedroom mid-terraced house, currently let on a multi-room basis with tenants in place until July 2025
Description
This is an investment opportunity to purchase a three-bedroom mid-terraced house in Lincoln, currently generating an income of approximately £17,000 per annum. The property is Article 4 compliant and accredited with Lincoln University, making it an attractive option for investors. The house is situated just a short walk from the university and city center, offering a gross yield of 10.79%. The property features a communal lounge, kitchen, utility area, bathroom, and three double bedrooms, as well as a rear yard with an outbuilding. The property is fully let until July 2025, providing a stable income stream for investors.