3 bed terraced house for sale

Sibthorp Street, Lincoln LN5

Situated just to the South of the Cathedral City of Lincoln, within close proximity to the High Street, University and Lincoln Railway Station, a well presented traditional Three Bedroom Bay Fronted Terrace House. The property has spacious accommodation comprising of Side Passage, Entrance Hall, Lounge, Dining Room, fitted Kitchen and First Floor Landing leading to Three Bedrooms, Walk-in Wardrobe, Family Bathroom and additional Shower Room. Outside there is a front courtyard and enclosed rear yard with outbuilding. No chain.

Situated just to the south of the Cathedral City of Lincoln and within close proximity to the High Street, University of Lincoln and Lincoln Railway Station, this well-presented traditional three-bedroom bay-fronted terrace house offers an excellent opportunity for both owner occupiers and investors alike.

The property is ideally positioned just off Lincoln High Street with a wide range of shops, amenities, restaurants and transport links all within walking distance, together with convenient access into the main City Centre and the University campus, making it particularly appealing for student or professional lettings.

Previously let at approximately £2,000 per calendar month, generating an annual income in the region of £24,000, the property offers potential as a continued HMO investment opportunity with an approximate gross yield of 12.9%, subject to purchaser verification and any necessary consents or licensing requirements. Alternatively, the property would equally suit purchasers seeking a spacious home within a central Lincoln location.

The accommodation comprises side passage, entrance hall, lounge, dining room, fitted kitchen and first floor landing leading to three bedrooms, walk-in wardrobe, family bathroom and an additional shower room.

Outside there is a front courtyard together with an enclosed rear yard and outbuilding.

The property is being sold with no onward chain.

Location The historic Cathedral and University City of Lincoln has the usual High Street shops and department stores, plus banking and allied facilities, multiplex cinema, Marina and Art Gallery. The famous Steep Hill leads to the Uphill area of Lincoln and the Bailgate, with its quaint boutiques and bistros, the Castle, Cathedral and renowned Lincoln Bishop University.

Side passage With original tiled flooring.

Entrance hall With staircase to the first floor, understairs storage cupboard, exposed floorboards and radiator.

Lounge 12' 10" x 11' 11" (3.93m x 3.64m) With double glazed bay window to the front aspect, decorative fireplace, fireside cupboards with shelving above and radiator.

Dining room 12' 9" x 12' 5" (3.91m x 3.81m) With double glazed window to the rear aspect and radiator.

Kitchen 15' 5" x 7' 11" (4.71m x 2.43m) Fitted with a range of wall and base units with work surfaces over, stainless steel 1 1/2 bowl sink with side drainer and mixer tap over, electric oven and hob with extractor fan, spaces for fridge freezer and washing machine, tiled flooring, splashbacks, double glazed window to the side aspect and door to the rear garden.

First floor landing

bedroom 1 13' 1" x 12' 6" (4.00m x 3.82m) With double glazed window to the rear aspect, fitted wardrobe, fitted desk and radiator.

Bedroom 2 11' 11" x 8' 0" (3.64m x 2.46m) With double glazed window to the front aspect and radiator.

Bedroom 3 11' 11" x 7' 9" (3.64m x 2.37m) With double glazed window to the front aspect and radiator.

Walk-in wardrobe 5' 8" x 5' 3" (1.74m x 1.61m) With hanging space.

Bathroom Fitted with a three piece suite comprising of panelled bath with shower over and glass shower screen, wall mounted wash hand basin and close coupled WC, airing cupboard housing the wall mounted gas fired central heating boiler, chrome towel rail, radiator, tiled splashbacks and double glazed window to the rear aspect.

Shower room Fitted with a three piece suite comprising of shower cubicle, pedestal wash hand basin and close coupled WC, chrome towel rail, tiled splashbacks, spotlights and double glazed window to the side aspect.

Outside To the front of the property there is an enclosed courtyard behind low level wall. To the rear there is an enclosed yard with mature shrubs and brick outbuilding.