261 Monks Road, Lincoln
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More about the property
FOR SALE BY THE MODERN METHOD OF AUCTION – TERMS AND CONDITIONS APPLY
****Fantastic Investment Opportunity – Top Quality HMO. Fully Let to Working Professionals.
Freehold – This excellent investment property is sold with sitting tenants currently achieving figures in the region of £27,000 per annum – giving a gross yield of 11%. split over 3 floors (basement, ground & first floor).
There are Four Double Bedrooms, Three of which are suites all having an En suite Shower Rooms with WC. The Furth Double Bedroom benefits from an En Suite Shower. There is a communal Kitchen/Dining Room. Bedrooms 1 – 3 are let at £600 pcm & Bedroom 4 is £475 pcm (bills inclusive).
Location is popular, walking distance of the City Centre, arboretum, Lincoln college & hospital There is on street parking and there is a reliable bus service on hand.
Please call Pygott & Crone to book your viewing.
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Below is an estimate of broadband speeds and availability at this property. This data has been sourced from Ofcom and should only be used as a guide. For more precise speeds and availability consult a broadband provider. NB: Mbps = Megabits (or "meg") per second.
Stamp Duty Land Tax
Below is an illustration of the Stamp Duty Land Tax ("Stamp Duty") that would be payable, based on a set of assumptions. You should always check your stamp duty liability and any other costs due with your solicitor or conveyancer.
You would need to pay £1500 in stamp duty on purchasing this property, assuming that you are a) purchasing freehold, b) purchasing as an individual or jointly with someone else, and c) that this will be your only property.
First Time Buyers may claim a discount (relief) on purchases of £500,000 and under.
The stamp duty for first time buyers would therefore be £0.
4.01m x 3.45m plus 2.54m x 2.21m
2.21m x 1.42m
4.29m x 2.41m
3.99m x 3.48m plus 2.51m x 2.24m
2.26m x 1.52m
3.96m x 3.43m max plus 2.51m x 2.24m
2.26m x 1.45m
3.68m x 3.43m max x max
2.69m x 1.22m