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11 bedroom house of multiple occupation for sale
Lindum Road, Lincoln, LN2
£500,000
Lindum Road, Lincoln, LN2
£500,000
Our Summary
- Situated in a sought-after location, Stairs House is a high-yield investment opportunity with an external Georgian style ideally configured for communal living, offering a well-balanced mix of private and shared spaces
- Accessed via the entrance hallway, the basement level offers further value potential
- The property is a Sui Generis HMO under planning use classification, properties require planning permission to be converted from residential C3 use class to Sui Generis, or they require 10 years of continuous use in that class to be given the right to continue to use them as such
- Do not miss the chance to view this impressive and well-positioned property - book a viewing today and discover the full potential of Stairs House, all while experiencing the charm of Lincoln's history and breath-taking architecture
- Outstanding Investment Opportunity
Description
This charming 11-bedroom, 4-bathroom HMO property combines comfort and contemporary living in a sought-after location. With an impressive internal floor area of approximately 319.95m², the property offers a well-balanced mix of private and shared spaces, making it ideal for students or professionals seeking a quality shared environment. The property features a spacious layout, stylish herringbone-effect wooden flooring, and crisp white walls throughout. The ground floor features a generously sized living area, open-plan kitchen, and three bedrooms, while the upper levels offer additional bedrooms and a stylish bathroom. The property also boasts a small private courtyard area and is fully compliant with current fire safety regulations. With a projected cashflow of £985.95 per month, yield of 12.5%, and ROI of 6.3%, this property presents a strong and appealing investment proposition.