This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
1/16
£450,000
9 bedroom End Terrace House for sale, Newark Road, Lincoln, Lincolnshire, LN5
Features and Description
- Nine Bedroom HMO
- Fully Licenced & Let
- Nine Ensuites
- Fully Renovated Recently
- Achieving Circa £56,000 per annum
- EPC Grade D
- City of Lincoln Council
- Council Tax Band B
***IMPRESSIVE NINE BEDROOM HMO IN A FANTASTIC LOCATION***
Welcome to 121-123 Newark Road. This superb investment property is currently achieving circa £56,000 per annum but has the potential to achieve over £60,000. The property is currently filled with the latest room achieving £130 per week. All of the tenants are on AST's.
The property boasts 9 bedrooms with 9 ensuites as well as the three communal areas, laundry room & WC. There is a fully enclosed courtyard to the rear. Offering fantastic bedroom sizes to give tenants independent living.
When the current vendors purchased the property the building had permission to be turned into five separate flats. The vendors started some of the structural work to protect the planning permission.
Freehold/City of Lincoln Council-Band B/EPC Grade D.
Kitchen
16.72m
Sitting Room
15.40m
Sitting / Dining Room
24.80m
Laundry
6.51m
Bedroom 1
11.16m
£118 per week
Bedroom 2
13.64m
£118 per week
Bedroom 3
11.16m
£118 per week
Bedroom 4
9.66m
£118 per week
Bedroom 5
11.44m
£118 per week
Bedroom 6
11.16m
£118 per week
Bedroom 7
16.12m
£130 per week (recently relet)
Bedroom 8
13.64m
£118 per week
Bedroom 9
10.85m
£118 per week
Totals
Currently achieving £1074 per week.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Newark Road, Lincoln, Lincolnshire, LN5
Additional Information
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Property refLIN250218
-
EPCD
-
TenureFreehold
-
Council TaxB
-
Local authorityCity Of Lincoln Council
Do you have a property you need to sell?
Your Move Estate Agents Lincoln
Your Move Lincoln
44-45 Silver Street, Lincoln, LN2 1EH
Mon - Fri09:00 - 17:30Saturday09:00 - 16:00SundayClosed
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Monthly payment
£
Borrowing £405,000 and repaying over 25 years with a 2.5% interest rate.
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Nearby locations
Photos
Floorplan
Map view
Street view
Sitting Room
15.40m
Bedroom 1
11.16m
£118 per week
The pin shows the exact address of the property
Energy Efficiency Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
Current
63Potential
77CO2 Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs