Property photos
Fixed price
£360,000
(£309.77/sq. ft)
Block of flats for sale
Albert Crescent, Lincoln LN1Local area information
Property location
Nearby amenities
- The St Faith and St Martin Church of England Junior School, Lincoln 0.1 miles
- The St Faith's Church of England Infant and Nursery School, Lincoln 0.1 miles
- Lincoln 0.8 miles
- Hykeham 3.4 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: 11.26%
- Rental Income: £40,545 p.a.
- 6-bed HMO (4 en-suite)
- 15 minute walk from the University of Lincoln
- 15 minute walk from Lincoln’s City Centre
Gross Initial Yield: 11.26%
Rental Income: £40,545 p.a.
VAT is not applicable to this property
Comprises 6-bed HMO (4 en-suite) with communal kitchen/dining, living room and 1 communal bathroom
Situated within 15 minute walk from the University of Lincoln, a 25 minute walk from Bishop Grosseteste University and a 15 minute walk from Lincoln’s City Centre.
Property Description:
Comprises mid-terrace 6-bedroom HMO, newly refurbished to a high standard and arranged as a ground floor kitchen/dining, living room and 2 en-suite bedrooms. First floor provides 4 bedrooms (2 en-suite and 2 with shared bathroom). The property was recently renovated to a high standard in 2021 to extend the kitchen/living area to include en-suites in 4 out of 6 rooms.
Ground Floor: 75 sq m (807 sq ft)
First Floor: 42 sq m (452 sq ft)
Total gia: 117 sq m (1,259 sq ft)
HMO Licensed Property (C4 use class) Reference - 2019/0760/cle.
Tenancy:
The property is at present let to Individuals for a term of 51 Weeks from 28th August 2024 at an agreed rent of £40,545 per annum. Deposit held of £1,800.
Vendor will top up rent, so the buyer receives £40,545 p.a. From completion.
Location:
The property is located on Albert Crescent within a residential area just a 15 minute walk from Lincoln’s City Centre, 15 minute walk from the University of Lincoln, a 25 minute walk from Bishop Grosseteste University and a 30 minute walk from the County Hospital. The city’s train station is located just a 20 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.
Floor plans and tours
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Listed by
Blue Alpine Partners
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