Terraced house for sale in Cranwell Street, Lincoln LN5

HMO! 10.21% gross yield! Starkey&Brown are pleased to offer for sale this very well presented House of Multiple Occupancy located just off Lincoln High Street and within easy walking distance of the University of Lincoln and a wide range of amenities. The property would suit an owner occupier or investor, and has tenancies in place for 2023/2024, generating an income of £15.015 per annum, which represents a healthy 10.01% gross return. The property has an excellent rental track record, and has accommodation which briefly comprises bay fronted lounge, breakfast kitchen with breakfast bar, utility and ground floor bathroom. There are three bedrooms - two to the first floor, and a large bedroom on the second floor with an ensuite shower room. Outside the property has a courtyard garden with useful brick built outbuilding. Call today to view! Council tax band: A. Freehold.

Lounge (13' 0'' into bay x 12' 0'' max (3.96m x 3.65m))

Having uPVC front entrance door, walk-in bay window to front aspect, laminate wood effect flooring, radiator, dado rail and coved ceiling.

Breakfast Kitchen (12' 0'' max x 11' 2'' (3.65m x 3.40m))

Having a range of matching wall and base units with breakfast bar, single drainer stainless steel sink unit with mixer taps over, built-in oven, hob and cooker hood, plumbing for washing machine, wood effect vinyl flooring, radiator and understairs storage cupboard.

Utility (6' 0'' x 6' 0'' (1.83m x 1.83m))

Having space for additional appliances, modern central heating boiler, wood effect vinyl flooring and uPVC door leading to garden.

Bathroom

Having 3 piece suite comprising panelled bath with mains fed shower and glass shower screen over, wash hand basin set in vanity unit, low level WC, wood effect vinyl flooring, radiator and extractor.

First Floor Landing

Having door with stairs rising to second floor.

Bedroom 2 (12' 0'' max x 11' 2'' (3.65m x 3.40m))

Having built-in wardrobe and radiator.

Bedroom 3 (12' 0'' into wardrobe x 8' 8'' (3.65m x 2.64m))

Having built-in wardrobe and radiator.

Second Floor

Bedroom 1 (14' 10'' excluding dormer x 12' 0'' max (4.52m x 3.65m))

Having dormer windows to front and rear and radiator.

En-Suite

Having 3 piece suite comprising tiled shower cubicle, electric shower appliance, pedestal wash hand basin, low level WC, wood effect vinyl flooring, radiator and extractor.

Outside Rear

To the rear of the property there is an enclosed concrete courtyard with brick built outbuilding, cold water tap and gate leading to rear.