4 Bedroom Terraced House for Sale

Avenue Terrace, Lincoln

Offers Over £170,000

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Key Features

FOUR BEDROOMS
10.5% GR.YIELD
CLOSE TO UNIVERSITY OF LINCOLN
VIEWING ESSENTIAL

THREE STOREY PROPERTY
INCOME OF ?20,000 PER YEAR
UPHILL AREA OF LINCOLN
INVESTMENT OPPORTUNITY

Full Description

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 10.5%, with the potential to increase this year on year in line with market rent.

Accommodation briefly comprises of: Double Bedroom to the Lower Ground Floor, Living Room, Kitchen and Double Bedroom to the Ground Floor and Two further Double Bedrooms 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.

Bedroom 1 - 11'10" (3.61m) x 11'10" (3.61m)
Wooden door to front aspect, window to front aspect, radiator, carpet, access to Ground Floor

Living Room - 11'10" (3.61m) x 11'10" (3.61m)
Access to Lower Ground Floor, window to rear aspect, radiator, carpet, leading to

Kitchen - 6'2" (1.88m) x 12'7" (3.84m)
UPVc door to side aspect, window to side aspect, radiator, laminate wood floor. Fitted with a range of wall and base units with wood work surfaces and spaces for under the counter appliances

Bedroom 2 - 11'10" (3.61m) x 12'4" (3.76m)
Window to front aspect, radiator, carpet

Bedroom 3 - 11'10" (3.61m) x 11'10" (3.61m)
Window to rear aspect, radiator, carpet

Bedroom 4 - 6'11" (2.11m) x 9'6" (2.9m)
Window to front aspect, radiator, carpet

Bathroom - 4'7" (1.4m) x 12'7" (3.84m)
Window to front aspect. Fitted with three piece suite consisting of low level WC, vanity sink with cabinet and walk in shower. Heated towel rail, laminate wood flooring,

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