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Terraced house for sale in Vernon Street, Lincoln, Lincolnshire

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Terraced house for sale - 5 bedrooms

5 2 EPC Rating: D

Tenure:

Not available

Council tax band:

Not yet known - A band has not yet been confirmed.

Property description

***guide price £155,000 - £165,000***

Investment property! Development opportunity!
HMO licence. Currently five lettable rooms (all let on separate agreements to five individuals).

Currently renting for £1,940pcm/£23,280 per annum. Tenancy agreements will change for 2024 and the property will then let for £1,230pcm/£14,760 per annum.

Current tenancy agreements -

Room 1 – Vacent- £450
Room 2 – until 05/11/2023 - £350
Room 3 – until 19/10/2024 £450

Room 4 – until 20/01/2024 £350 (will need an adjustment in size due to sloped ceiling to re-let after this due to current regulations - we suggest a dorma window could be a potential solution)
Room 5 – until 25/10/2023 £360 (will need an adjustment in size due to sloped ceiling to re-let after this due to current regulations - we suggest a dorma window could be a potential solution)

The property comprises spacious entrance hall, open plan lounge to kitchen with the kitchen boasting integrated gas hob, fan oven and extractor, bathroom with a fitted bath and overhead shower.

Property info

Floorplan(s): Floor-Plan

Floor-Plan View original

Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bairstow Eves - Lincoln Sales, and do not constitute property particulars. Please contact Bairstow Eves - Lincoln Sales for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.