Terraced house for sale in Shakespeare Street, Lincoln LN5

Summary

Introducing a fantastic investment opportunity for a 4-bedroom student HMO property situated in the heart of Lincoln on Shakespeare Street. This property boasts an exceptional open-plan living/kitchen area, perfect for communal living and entertaining.

The property also features two modern and spacious shower rooms, ensuring that each tenant has access to quality amenities. Additionally, there are four equally sized large rooms, providing ample space for each student to live and study in comfort.

For those interested in further development, there is the possibility of expanding the property to a 5-bedroom through a loft conversion. We advise seeking additional planning guidance to confirm the feasibility of this option.

Located in a prime location for students, this property is just a stone's throw away from the University of Lincoln, local amenities, and public transportation links. With its spacious and modern amenities, this investment property has the potential to generate high yields for any prospective landlord.

Current Rental Yield - £16,720 (3/4 Rooms Let - 8.8% gross yield)
23/24 Projected Yield - £20,910 (11% gross yield)

The projected yield can be further increased with works if required.

Description

The property is accessed via a passageway shared with the adjacent property.

Entrance
Wall mounted radiator, access to bedroom 1, access to living room which flows through to kitchen, bathroom and garden and stairs leading to the first floor landing.

Living Room - 3.4m x 4.2m
Wall mounted radiator, tumble dryer and aerial / internet access point.

Kitchen - 4.2m x 2.6m
Double glazed window to the side elevation, wall mounted radiator, four ring electric hob, electric oven, extractor fan, ideal i30 boiler, washing machine, dishwasher, free standing fridge freezers.

Bedroom 1 - 3.4m x 3.4m
Double glazed windows to the front elevation and wall mounted radiator.

Bedroom 2 - 3.4m x 3.5m
Double glazed windows to the front elevation and wall mounted radiator.

Bedroom 3 - 4.5m x 3.3m
Two double glazed windows to side and rear elevation and wall mounted radiator.

Bedroom 4 - 3.3m x 3.3m
Double glazed window to front elevation and wall mounted radiator.

1st Floor Landing
Wall mounted radiator, access to bathroom 1,2 and bedrooms 2,3 and 4.

Bathroom
Frosted double glazed window to rear elevation, towel rail, WC, sink and bath.

Shower Room
Towel rail, WC, sink and shower.

Garden
Low maintenance rear garden accessible via the kitchen.

Agents note

Student Housing Lincoln offer a professional sales, acquisitions and letting service. If you are considering renting or selling your property or are looking to purchase a bespoke investment property please call the Sales & Acquisitions Manager on the number displayed above.

These details are issued in good faith but are only a general outline for the guidance of intending purchasers and do not constitute in whole or in part an offer or a contract. No statement in these particulars is to be relied upon as a statement or representation of fact. Reasonable endeavours have been made to ensure that the information given in these particulars is materially correct; but any intending purchaser should satisfy themselves by inspection, searches, enquiries and survey as to the correctness of each statement.