For Sale5 Bedroom Terraced House in Vernon Street, Lincoln, Lincolnshire, LN5£155,000

***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.