For Sale3 Bedroom Terraced House in Hood Street, Lincoln, LN5 7XB£135,000

EXCELLENT RENTAL INVESTMENT OPPORTUNITY. This spacious terraced house located on the outskirts of the Cathedral City of Lincoln offers an excellent rental investment opportunity with up to 4 lettable rooms. Representative rental figures for student market which the property has been previously rented- 3 larger rooms @ £105 per week & 1 smaller room @ £90 per week based on 51 weeks - GROSS INCOME £20,655 giving a potential GROSS YIELD OF 15.3% based on the asking price. AGENT NOTE: The property has been rented as a multi let HMO since 2011 and so does meet the criteria to make it C4 compliant. The current owners can provide proof and are currently in the process of registering the property with Lincoln City Council as a Class C4 HMO- further details can be discussed with sellers. Accommodation comprises: Entrance hall, living room (ground floor bedroom), dining room (communal room), kitchen, downstairs bathroom and three first floor bedrooms (one of which is smaller and so would demand slightly less rent) Viewings can be arranged via the Purplebricks website of PB app. 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 Bishop Grosseteste University.