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4 bedroom Mid Terrace House for sale, Vernon Street, Lincoln, Lincolnshire, LN5
Features and Description
- Four Bedroom HMO
- Tenants Paying £105 Per Week (bills inclusive)
- City Centre Location
- EPC Grade D
- City of Lincoln Council
- Council Tax Band A
- Walking Distance to the University
- No Onward Chain
***FULLY LET FOUR BEDROOM HMO. GROSS YIELD OF 12.8%***
Welcome to 45 Vernon Street. This traditional Four bedroom bay fronted Mid-Terraced is being sold with NO ONWARD CHAIN and is fully let for 2025/2026 with the current tenants paying £105 per week (bills included) resulting in a gross annual return of £21,840.
The property briefly comprises; Hall, Living Room, Dining Room, Kitchen, Bathroom, Four Bedrooms, Shower Room. Parking is available On Street (permit required through the Council) & there is a rear Courtyard.
Freehold/City of Lincoln Council-Band A/EPC Grade D.
Hall
Side entrance door, stairs rising to first floor.
Living Room
11'11" x 11'5" (3.64m x 3.48m)
Double glazed bay window to front aspect, fire surround, radiator.
Dining Room
11'11" x 11'5" (3.64m x 3.48m)
Double glazed window to rear aspect, radiator.
Kitchen
6'4" x 8'2" (1.94m x 2.50m)
Three piece suite comprising of panelled bath with shower fitted over, low level WC, wash hand basin, double glazed frosted window to side aspect, extractor fan, radiator.
First Floor Landing
Having loft access.
Bedroom 1
11'5" x 8'5" (3.48m x 2.56m)
Double glazed window to front aspect, radiator.
Bedroom 2
11'5" x 7'10" (3.48m x 2.39m)
Double glazed window to rear aspect, radiator.
Bedroom 3
11'5" x 6'11" (3.48m x 2.10m)
Double glazed window to rear aspect, radiator.
Bedroom 4
11'5" x 6'4" (3.48m x 1.93m)
Double glazed window to front aspect, radiator.
Shower Room
3'5" x 5'4" (1.05m x 1.62m)
Comprising of shower cubicle, low level WC, wash hand basin, extractor fan, radiator.
Outside
There is a fully enclosed courtyard to the rear. Parking is available on street but a permit is required which can be purchased through City of Lincoln Council.
Note to Investors
Tenants are currently paying £105 per week. £21,840 per annum. 12.8% gross yield on offer.
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.
Vernon Street, Lincoln, Lincolnshire, LN5
Additional Information
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Property refLIN250008
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EPCD
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TenureFreehold
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Council TaxA
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Local authorityCity Of Lincoln Council
Double glazed bay window to front aspect, fire surround, radiator.
Double glazed window to rear aspect, radiator.
Three piece suite comprising of panelled bath with shower fitted over, low level WC, wash hand basin, double glazed frosted window to side aspect, extractor fan, radiator.
Double glazed window to front aspect, radiator.
There is a fully enclosed courtyard to the rear. Parking is available on street but a permit is required which can be purchased through City of Lincoln Council.
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
56Potential
81CO2 Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs