£180,000
4 bedroom end of terrace house for sale
Lincoln, LN5
terraced house 
4 bedrooms Property description
GROSS INCOME OF £28,800 ANNUALLY (circa 16% Gross Yield)Pygott & Crone are delighted to offer for sale this spacious bay fronted home located in a superb central location close to the City Centre.
The property itself is split into 3 Apartments which are currently let and the Owner has advised us it is achieving the following income:
Two bed - £800pcm, One bed - £750pcm, One bed - £750pcm
This equates to a gross income of £28,800 annually.
The home makes the ideal investment whilst also offering an abundance of characteristic features throughout. To avoid missing out please contact Pygott and Crone Today on[use Contact Agent Button].
Agent's Note: We have been advised by the vendor that the property is currently let on an AST; the landlord is willing to serve the tenants with a Section 21 Notice after a sale has been agreed if required. The buyer will need to confirm with their solicitor regarding vacant possession and dates.Given that the property is divided into three separate apartments, we recommend considering commercial financing as the most suitable option to fund the property, or alternatively, a cash purchase.Parking arrangements - on street parking
The property itself is split into 3 Apartments which are currently let and the Owner has advised us it is achieving the following income:
Two bed - £800pcm, One bed - £750pcm, One bed - £750pcm
This equates to a gross income of £28,800 annually.
The home makes the ideal investment whilst also offering an abundance of characteristic features throughout. To avoid missing out please contact Pygott and Crone Today on[use Contact Agent Button].
Agent's Note: We have been advised by the vendor that the property is currently let on an AST; the landlord is willing to serve the tenants with a Section 21 Notice after a sale has been agreed if required. The buyer will need to confirm with their solicitor regarding vacant possession and dates.Given that the property is divided into three separate apartments, we recommend considering commercial financing as the most suitable option to fund the property, or alternatively, a cash purchase.Parking arrangements - on street parking
Property photos
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First listed
Over a month agoEnergy Performance Certificate
Lincoln, LN5
Marketed by
Pygott & Crone - Lincoln 35-36 Silver Street Lincoln LN2 1EWCall agent on 01522 397798
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Monthly repayment
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Lincoln, LN5 - Streetview
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