Detached house for sale in St. Catherines, Lincoln, Lincolnshire LN5

***guide price £415,000 - £435,000***

fully let investment with development opportunitues!

Fully licenced nine bedroom HMO property with a monthly income of £4,305pcm / £51,660 annually and offers a yield over 10% with a development opportunity and a potential for a higher income.

The ground floor comprises two new kitchens, utility room, lounge, storage room, shower room, W/C, two large bedrooms both benefitting from built-in wardrobes and one further benefitting from an en-suite.

To the first floor there are six bedrooms all boasting built-in wardrobes and three benefitting from en-suites. There is a potential to add more en-suites. There is a communal shower room and a W/C.

To the second floor there is a large room which has built-in wardrobes and an en-suite.

The property offers ample parking, bike storage and gardens.

Agents note - two new kitchens have been installed, a new fire alarm system has been installed, planning for five luxury apartments are available.