Foster Street, Lincoln

Features

• House Of Multiple Occupancy
• Very Well Maintained
• Excellent Rental Track Record
• Let Until Summer 2025
• Gross Income £14,520 Per Annum
• 9.7% Gross Return
• 3 Bedrooms & Study
• Call Today To View!

Summary

3 BED HMO!! 9.7% GROSS RETURN!!
Located just off Lincoln High Street and within walking distance of The University of Lincoln is this very well maintained house of multiple occupancy on Foster Street. The property has tenants in situ until July 2025 and generates a healthy revenue of £14,520 which represents a gross return of 9.7% per annum. Accommodation briefly comprises entrance lobby, communal lounge, 13'8 modern kitchen, 3 bedrooms (one to the ground floor and two to the first floor), additional first floor study and first floor bathroom. The property also benefits from an enclosed easily maintained courtyard garden. Call today to arrange a viewing appointment. Council tax band: A. Freehold.

Full Details

Entrance Lobby

Having uPVC side entrance door, slate effect laminate flooring and stairs rising to first floor.

Bedroom 1 (12' 10'' into bay x 12' 2'' max (3.91m x 3.71m))

Having window to front aspect, radiator and ornate coving.

Lounge (12' 6'' max x 11' 0'' (3.81m x 3.35m))

Having slate effect laminate flooring, radiator, storage cupboard to alcove and understairs storage cupboard.

Kitchen (13' 8'' x 6' 10'' (4.16m x 2.08m))

Having a matching range of wall and base units, one and a half bowl single drainer stainless steel sink unit with mixer taps over, built-in oven, hob and cooker hood, space for a range of additional appliances, slate effect laminate flooring and uPVC door to garden.

First Floor Landing

Bedroom 2 (12' 2'' max x 11' 0'' (3.71m x 3.35m))

Having radiator.

Bedroom 3 (8' 3'' x 8' 3'' (2.51m x 2.51m))

Having radiator.

Study (7' 2'' x 6' 11'' (2.18m x 2.11m))

Having radiator.

Bathroom

Having 3 piece suite comprising panelled bath with electric shower appliance over, wash hand basin set in vanity unit, low level WC, wood effect vinyl flooring, heated towel rail, part tiled walls and extractor. Access to loft which houses central heating boiler (approximately 3 years old).

Outside Rear

To the rear of the property there is an enclosed concrete courtyard garden.