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" *IDEAL INVESTMENT OPPORTUNITY - MEETS ARTICLE 4 REQUIREMENTS* Bay fronted Victorian terrace house. Spacious property comprising, lounge, kitchen, bathroom, shower room & 5 BEDROOMS. Courtyard garden to rear. Currently let to 3 students. Potential yield fully occupied should be around 12% gross.

Introduction We are delighted to offer for sale this extremely spacious, 5 bedroom terrace house. This well presented property is currently let out to University of Lincoln students and would ideally be suited for the investment market. Briefly comprising, entrance hall, lounge, ground floor bedroom, kitchen and bathroom. To the first floor there is a further four bedrooms and shower room. Outside there is a good size paved garden to the rear and outbuilding providing additional storage. Current Tenancy Information The property currently has 3 of the rooms rented out to students. The tenancies secured until 31st May 2017. Currently generating income of ?220 per person per month.

The projected rental income fully occupied, based on what the landlord is currently charging would be ?13,200 p.a. Projected gross yield of 8.5% p.a.

(However the average achievable rental income per room within the local area should be in the region of ?80 per room, per week. On this basis we would expect this property, fully tenanted to achieve a gross rental income of ?19,200 p.a. This would generate a potential yield of around 12.4% gross). Situation Conveniently situated for easy access to the University, city centre and amenities. Particulars of Sale Ground Floor Accommodation Lounge 4.443m

(into bay) x 3.740m

(14'7' ( into bay) x 12 Having uPVC double glazed window to front aspect, radiator and cornice to ceiling. Bedroom 1 3.745m x 3.466m

(12'4' x 11'5') Having uPVC double glazed window to rear aspect, radiator and cornice to ceiling. Kitchen 4.116m x 2.819m

(13'6' x 9'3') Having a range of fitted base and wall units with contrasting roll top work surfaces, space for gas oven, space for fridge freezer, space and plumbing for washing machine, space dryer, stainless steel sink with drainer, tiled splash backs to walls, radiator and uPVC double glazed window to rear aspect. Rear Porch 1.952m x 0.932m

(6'5' x 3'1') Having uPVC glazed door providing access to rear garden. Bathroom Having a 3 piece suite comprising panelled bath with shower over, pedestal wash hand basin and low level WC. There is ceramic tiled flooring, tiled splash backs to the wall, extractor fan, radiator and 2 uPVC double glazed window to rear aspect. First Floor Accommodation Bedroom 2 3.279m x 2.810m

(10'9' x 9'3') Having uPVC double glazed window to rear aspect and radiator. Bedroom 3 3.757m x 3.978m

(12'4' x 13'1') Having uPVC double glazed window to rear aspect and radiator. Bedroom 4 3.463m

(max) x 2.798m

(11'4' ( max) x 9'2') Having uPVC double glazed window to front aspect and radiator. Bedroom 5 4.457m

(max) x 3.197m

(14'8' ( max) x 10'6') Having uPVC double glazed window to front aspect and radiator. Shower Room Having a three piece suite comprising shower, low level WC and pedestal wash hand basin, uPVC double glazed window to rear aspect and cupboard housing boiler. Storage Cupboard Cupboard over stairs providing ample storage. Outside Rear Garden There is a paved rear garden with outbuilding providing ample storage and gated access leading to shared passage to front of property. Other Information Tenure We are advised the property is Freehold. Services All mains services which are available or connected are subject to the statutory regulations. We have not tested any heating systems, fixtures, appliances or services. Local Authority Lincoln City Council - Tel: 01522 552222. Viewings By appointment with the sole selling agents LOVELLE ESTATE AGENCY, telephone Lincoln Office (01522) 305605.
We recommend prior to making an appointment to view, prospective purchasers discuss any particular points likely to effect their interest in the property with one of our property consultants who have seen the property in order that you do not make a wasted journey. Mortgage Advice Budgeting correctly and choosing the right mortgage for a move is vital. For independent mortgage and insurance advice call our office on (01522) 305605 to arrange an appointment. You may download, store and use the material for your own personal use and research. You may not republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website, online service or bulletin board of your own or of any other party or make the same available in hard copy or in any other media without the website owner's express prior written consent. The website owner's copyright must remain on all reproductions of material taken from this website. "