Situated in the heart of Lincoln’s sought-after West End, this four-bedroom property presents an excellent investment opportunity. Already registered as a House in Multiple Occupation (HMO), the property is part let and has the potential to generate an annual income of around £21,120, offering a strong return in one of the city’s most reliable student catchment areas.The accommodation is well maintained throughout and provides a practical layout ideal for student or professional tenants. The ground floor features a welcoming hallway, spacious living room, fitted kitchen, shower room and one bedroom. To the first floor are three further generously sized bedrooms and a separate bathroom. Each bedroom is furnished for study and relaxation, creating ready-to-let spaces for tenants.The current owners have also invested in improving the property’s energy performance, with an EPC rating now at C. This not only makes the home more efficient and attractive to tenants but also future-proofs the investment should the government introduce the long-discussed requirement for all rental properties to achieve a minimum EPC of C or above.Unusually for the area, the property also benefits from parking – a highly attractive feature for tenants and a rarity in this central location. Positioned close to the University of Lincoln and within walking distance of the city centre, the property is perfectly placed to meet consistent rental demand from students and young professionals alike.With its combination of strong income potential, excellent location, EPC improvements and rare parking provision, 20 Gresham Street offers a superb opportunity for investors seeking a property in one of Lincoln’s most desirable rental areas. EPC rating: C. Tenure: Freehold,
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.
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