5 bed terraced house for sale

Pen Street, Boston PE21

Investment opportunity - five bedroom HMO sold with tenants in-situ

The current going rate is around £140pw for a double room and £100pw for a single making a potential of around £32k gross pa income - so a 20% return.

A three storey mid terrace town house within a short walking distance to the town centre. Having accommodation comprising: Entrance hall, bedroom and communal areas of a dining room, kitchen, utility and cloakroom to ground floor. Two bedrooms, separate WC and bathroom to first floor. Two further bedrooms to second floor. Outside the property has an enclosed rear courtyard and the property benefits from gas central heating and double glazing.

EPC Rating: D

Accommodation

Front entrance door with fanlight above through to the:

Entrance Hall

Having staircase rising to first floor.

Bedroom One (4.33m x 3.22m)

Having window to front elevation.

Dining Room (4.16m x 3.22m)

Having window to rear elevation and tile effect flooring.

Kitchen (4.6m x 2.4m)

Having window & part glazed door to side elevation, smoke alarm, extractor and tiled floor. Fitted with a range of base & wall units with work surfaces & tiled splashbacks comprising: Stainless steel sink with drainer & mixer tap inset to work surface, range style cooker with stainless steel cooker hood over, cupboards & drawers under, space for upright fridge/freezer to side. Further work surface with cupboards & drawers under, cupboards over.

Utility (2.5m x 2.4m)

Having window to side elevation, smoke alarm, access to roof space and tiled floor. Work surface with inset stainless steel sink & drainer with mixer tap, cupboard, space & plumbing for automatic washing machine & tumble dryer under, electric cooker to side.

Shower Room (2.0m x 1.3m)

Having window to side elevation, tiled walls, tiled floor, shower enclosure with mixer shower fitting and hand basin.

Separate WC

Having tiled floor, close coupled WC and hand basin.

First Floor Landing

Having staircase rising to second floor.

Bedroom Two (4.30m x 4.19m)

Having window to front elevation.

Bedroom Three (4.13m x 2.14m)

Having window to rear elevation.

Separate WC

Having window to side elevation, close coupled WC and hand basin.

Bathroom (2.90m x 2.31m)

Having window to side elevation, majority tiled walls, tiled floor, extractor, built-in double cupboard and further built-in cupboard housing gas fired boiler. Fitted with suite comprising: Shaped bath with mixer shower fitting & anti-splash screen over, close coupled WC and hand basin inset to vanity unit with cupboard & drawers under.

Second Floor Landing

Having window to rear elevation.

Bedroom Four (4.49m x 3.72m)

Having window to front elevation.

Bedroom Five (4.2m x 2.5m)

Having window to rear elevation.

Exterior

To the rear of the property there is an enclosed paved courtyard.

Services

The property has mains gas, electricity, water and drainage connected. Heating is via a gas fired boiler serving radiators and the property is double glazed. The current council tax is band A.

Lifetime Legal

We are required by law to conduct anti-money laundering checks on all those selling or buying a property. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is £72 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable. We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.

Agent's Notes

These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither Newton Fallowell nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.