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15 bedroom house of multiple occupation for sale
Lindum Road, Lincoln, LN2
£520,000
Lindum Road, Lincoln, LN2
£520,000
Our Summary
- Surrounded by brick walls, fencing, and hedges for privacy there is potential to transform this untapped space into an outdoor haven that will not only attract higher quality tenants but assist in higher valuation upon refinance
- Located on the doorstop of the city centre, a 19-minute walk away from the University of Lincoln and 15-minute walk to the train station, this HMO investment opportunity is an excellent property for both students and working professionals
- 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 this East Midlands investment property, all while experiencing the charm of Lincoln's history and breath taking architecture
Description
This charming 15-bedroom, 4-shower room HMO property offers a perfect blend of comfort and modern living in a desirable area. The spacious property provides ample room for relaxation and socializing, with three downstairs bedrooms, a large open-plan kitchen and living space, and a generous outdoor area. The property boasts modern features such as pendant lights, a breakfast bar, and a wine rack, and is fully compliant with current fire safety regulations. The basement provides potential for additional storage, and the outdoor space is free from grass maintenance, making it an ideal setting for student relaxation or social gatherings. The property is located near the University of Lincoln and train station, making it an excellent investment opportunity for both students and working professionals. With a projected cashflow of £2,362.50 per month and ROI of 14.6%, this property presents a strong and appealing investment proposition.