West Parade, Lincoln, LN1

GENERATING AN INCOME OF £39,270pa 12.3% YIELD!! A SUBSTANTIAL 7 DOUBLE BEDROOM STUDENT HMO PROPERTY FULLY LET 2024/25 ACADEMIC YEAR FULL LETTINGS MANAGEMENT INCLUDED Financial Performance for the 2024/25 Academic Year Rental Income: £510pcm each / £39,270 per annum based on 11 months Cost of all bills: £4,500 per annum approx. Lettings Management Fee 10% all inclusive: £3,927 per annum NET Income: £30,843 per annum NET Yield: 9.64% *Take a look at the floorplan and recent images!* Mr Investa are pleased to bring to the market this fantastic buy-to-let investment opportunity located in a convenient and popular area, close to Lincoln City Centre and University of Lincoln whereby students benefit from having a variety of amenities nearby including a Sainsbury’s Local, Co-Op, ODEON cinema and a number of bars/restaurants. The west end attracts many students' year on year therefore making this property an attractive investment. Each bedroom includes a double bed, study desk, chair and drawers/wardrobe. As well as the seven bedrooms, the property also benefits from having a spacious living room, a large dining kitchen fitted with modern appliances, two bathrooms and an additional WC. Outside there is a rear yard which opens up to a driveway with space for 6 vehicles. This property is currently managed by a professional local letting agent who have confirmed the tenancy for the 2024/25 academic year at £510pcm per room. Current gross rental income for 2024/25 is £39,270 per annum. NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa LTD does not accept any responsibility in respect of this information provided.