Property photos
Guide price
£155,000
5 bed terraced house for sale
Vernon Street, Lincoln, Lincolnshire LN5Key Information
Local area information
Property location
Nearby amenities
- The Lincoln St Peter at Gowts Church of England Primary School 0.3 miles
- Springwell Lincoln City Academy 0.3 miles
- Lincoln 0.5 miles
- Hykeham 2.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Lincoln to find out more about the local area.
Features and description
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.
There are some planning applications within 0.5 miles of this home
Assess how they might enhance or detract from this home’s value.
Floor plans and tours
Floor plans (1)
Tours
No virtual tour available
More information
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Listed by
Bairstow Eves - Lincoln Sales
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