Property photos
Fixed price
£290,000
(£244.39/sq. ft)
Block of flats for sale
Hereward Street, Lincoln LN1Local area information
Property location
Nearby amenities
- Westgate Academy 0.2 miles
- Mount Street Academy 0.2 miles
- Lincoln 0.9 miles
- Hykeham 3.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Lincoln to find out more about the local area.
Features and description
- Gross Initial Yield: 10.46%
- Rental Income: £30,345 p.a
- 6-bed HMO
- 13 minute walk from Bishop Grosseteste University
- 25 minute walk from the University of Lincoln
Gross Initial Yield: 10.46%
Rental Income: £30,345 p.a.
VAT is not applicable to this property
Comprises 6-bed HMO with communal kitchen/dining, living room and 3 communal bathrooms
Situated within 25 minute walk from the University of Lincoln, a 13 minute walk from Bishop Grosseteste University and a 15 minute walk from Lincoln’s City Centre.
Property Description:
Comprises mid-terrace 6-bedroom HMO, arranged as a ground floor kitchen/dining, 1 bedroom and communal bathroom. First floor provides 2 bedrooms with 2 communal bathrooms and second floor provides 2 bedrooms. The basement provides living room and 1 bedroom.
Ground Floor: 29 sq m (312 sq ft)
First Floor: 34 sq m (366 sq ft)
Second Floor: 28 sq m (301 sq ft)
Basement: 25 sq m (269 sq ft)
Total gia: 116 sq m (1,248 sq ft)
HMO Licensed Property (C4 use class) Reference - 2018/1327/cle
Tenancy:
The property is let on AST to Individuals for a term of 51 Weeks from 2nd August 2024 at agreed rent of £30,345 p.a. Deposit held of £1,800. Vendor will top-up rent so the buyer receives the equivalent of £30,345 p.a. From completion.
Location:
The property is located on Hereward Street within a residential area just a 15 minute walk from Lincoln’s City Centre, 25 minute walk from the University of Lincoln, a 13 minute walk from Bishop Grosseteste University and a 30 minute walk from the County Hospital. The city’s train station is located just a 25 minute walk from the property. The station offers regular connections throughout the country, with regular services running to Newark Northgate, Edinburgh and London Kings Cross.
There are some planning applications within 0.5 miles of this home
Assess how they might enhance or detract from this home’s value.
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Listed by
Blue Alpine Partners
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