4 Bedroom Terraced House for Sale

Alexandra Terrace, Lincoln

Offers in Excess of £198,000

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Key Features

FOUR BEDROOMS
10% GR.YIELD
UPHILL AREA OF LINCOLN
VIEWING ESSENTIAL

THREE STOREY PROPERTY
INCOME OF ?20,000 PER YEAR
CLOSE TO UNIVERSITY OF LINCOLN
INVESTMENT OPPORTUNITY

Full Description

Pridea Sales and Lettings are proud to present to market this 4 bedroom, terraced property in the uphill area of the City of Lincoln.

Currently being utilised as student accommodation, producing a rental income of ?20,000 per annum, giving a gross yield of 10%, with the potential to increase this year on year in line with market rent.

Accommodation briefly comprises of: Kitchen/Dining Area, Living Room and Utility Area to the Lower Ground Floor. On the Ground Floor you will find Two Double Bedrooms, with a further Double and Single Bedroom and Bathroom to the First Floor.
Externally to the rear aspect is a decked patio area, with further outdoor space laid to gravel and access to the front aspect.

Early and internal viewing is advised to truly appreciate the accommodation this property has to offer.

Living Room - 8'3" (2.51m) x 10'5" (3.18m)
UPVc windows with a brick base, UPVc French doors leading to rear aspect, radiator, tiled floor, UPVc French doors leading to

Kitchen/Diner - 12'0" (3.66m) x 15'0" (4.57m)
Access to Utility Area, radiator, fitted with base units and wood work surfaces and spaces for under the counter appliances. Access to Ground Floor.

Utility Area - 4'11" (1.5m) x 8'8" (2.64m)

Bedroom 1 - 12'0" (3.66m) x 11'2" (3.4m)
Window to rear aspect, radiator, carpet, built in storage

Bedroom 2 - 12'0" (3.66m) x 7'10" (2.39m)
Window to front aspect, radiator, carpet

Bedroom 3 - 12'0" (3.66m) x 11'2" (3.4m)
Window to front aspect, radiator, carpet, built in storage

Bathroom - 7'6" (2.29m) x 8'8" (2.64m)
Window to rear aspect, radiator, laminate wood flooring. Fitted with three piece suite consisting of low level WC, pedestal sink, and panelled bath with shower over

Bedroom 4 - 5'1" (1.55m) x 11'8" (3.56m)
Window to rear aspect, radiator, carpet

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Council Tax
Lincoln City Council, Band A

Utilities
Electric: Mains Supply
Gas: None
Water: Mains Supply
Sewerage: None
Broadband: None
Telephone: None

Other Items
Heating: Not Specified
Garden/Outside Space: Yes
Parking: No
Garage: No