Terraced house for sale in Spencer Street, Lincoln, Lincolnshire LN5

Important Note to Potential Purchasers & Tenants:
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 traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

LIN240384/8

Description

***the perfect first time buy or next addition to the investment portfolio*** This very spacious Three bedroom Mid-Terraced comes to the market being sold with no onward chain. The property offers a ready to move into purchase, ideal for first time buyers or alternatively a straight forward addition to the investment portfolio. A potential gross yield of 8% is on offer. The property briefly comprises; Porch, Hall, Lounge, Dining Room, Kitchen, Three Bedrooms, Bathroom. Externally benefitting from a very generous Rear Garden with a couple of brick outbuildings which would be ideal for conversion. EPC grade E.

Location

Positioned just off Lincoln's High Street within walking distance of Lincoln City Centre with a wealth of local amenities on it's doorstep. Fantastic transport links are available nearby the property.

Passageway

Passageway leading to front and rear entrance.

Hall

Entrance door to side aspect, under stairs storage space.

Lounge (3.44m x 3.96m)

Double glazed window to front aspect, electric fire, radiator.

Dining Room (3.45m x 3.94m)

Double glazed window to rear aspect, radiator, stairs rising to first floor.

Porch

Entrance door to side aspect, door leading to rear garden.

Kitchen (3.47m x 2.57m)

Being fitted with a range of eye level wall and base units with contrasting work surfaces fitted over, electric oven with 4 ring gas hob, wall mounted Baxi gas boiler, two double glazed windows to side aspect, one and a half bowl stainless steel sink unit with drainer and mixer tap over, space for fridge freezer, space and plumbing for washing machine, radiator.

Landing

Having loft access, storage cupboard off.

Bedroom 1 (3.36m x 2.73m)

Double glazed window to rear aspect, radiator, storage cupboard off.

Bedroom 2 (3.35m x 2.71m)

Double glazed window to front aspect, radiator.

Bedroom 3 (3.36m x 2.16m)

Double glazed window to front aspect, radiator.

Bathroom (2.38m x 2.12m)

Three piece suite comprising of panelled bath with shower fitted over, low level WC, double glazed frosted window to rear aspect, radiator, airing cupboard housing hot water cylinder.

Rear Garden

Generous size rear garden which is mainly laid to lawn with a patio area and is fully enclosed by brick wall. There are also two brick outbuildings which would be ideal for conversion.

Parking

Available on street (no permit required).

Tenure

Freehold.

Local Authority

City of Lincoln Council.

Note To Investors

We believe this property could achieve a monthly rent of £900 resulting in an annual return of £10,800. If you were to purchase the property at the current asking price you would receive a gross rental yield of 8%.