5 bed terraced house for sale

Ripon Street, Lincoln LN5

Investment opportunity! This 5 bedroom HMO, close to the city centre, briefly comprises a reception room, kitchen, ground floor shower room and bedroom, 3 first floor bedrooms and shower room, second floor bedroom, rear yard and outbuilding. Visit to arrange your viewing.

An entrance hallway gives access to stairs rising to the first floor and access to the ground floor bedroom and living space. The kitchen is located and includes a sink and drainer, electric oven and hob, spaces for undercounter appliances and fridge freezer. To the rear is a shower room offering an enclosure with electric shower, sink and wc. An external door from the kitchen leads to the rear yard.

The first floor includes 3 bedrooms and modern fitted shower room with enclosure and mains fed shower, wc and sink basin.

The second floor includes a double bedroom.

To the rear of the property is a yard with 2 outbuildings.

The property currently has 3 rooms let. When fully occupied, the property has the potential to receive a gross annual income of £25,824 inc bills producing a potential yield of of 13%.

EPC band: D

Council Tax Band: A (according to )

Gas central heating

Mains electricity

Mains water and drainage

Disclaimer

Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate.

Money Laundering Regulations

Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £82.50 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.