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261 Monks Road, Lincoln

Guide Price

£200,000

For Sale

1/23

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Brochure

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Property summary

Freehold

FOR SALE BY THE MODERN METHOD OF AUCTION

4 Double Bedrooms - all with En suite

3 Bedrooms having Suites, Fully Let HMO

Ongoing Investment Opportunity

Professionally Refurbished & Managed

Communal Kitchen Dining Room

Excellent Specification , Popular Central Location

Gross income of £27,000

EPC Rating - C, Council Tax Band - A

Get in touch

Craig Stones

Branch Manager

01522 568822

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.

Location

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Further Information - tap an option below

Your mortgage could be £620 per month*

Mortgage

Rate

Term

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* Our mortgage calculator is only intended as a guide to help you calculate monthly mortgage payments based on the variable details entered (mortgage amount, interest rate, term). Buying a property is a significant event in any person’s life and it always makes sense to take some mortgage advice. Pygott & Crone offer a free initial consultation on a very personal basis, and can help you through the process of getting a mortgage, arranging insurance for your property and setting out other important options for consideration. Talk to us about your options

Property documents

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Broadband

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.

Standard: Download: 14 Mbps / Upload: 1 Mbps or less

Superfast: Download: 80 Mbps / Upload: 20 Mbps

Ultrafast: Download: 600 Mbps / Upload: 50 Mbps

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.

Accommodation

ENTRANCE HALL

LOWER GROUND FLOOR

BEDROOM 1 SUITE
4.01m x 3.45m plus 2.54m x 2.21m

BEDROOM 1 EN SUITE SHOWER ROOM
2.21m x 1.42m

GROUND FLOOR

COMMUNAL KITCHEN - DINING ROOM
4.29m x 2.41m

BEDROOM 2 SUITE
3.99m x 3.48m plus 2.51m x 2.24m

BEDROOM 2 EN SUITE SHOWER ROOM
2.26m x 1.52m

FIRST FLOOR

BEDROOM 3 SUITE
3.96m x 3.43m max plus 2.51m x 2.24m

BEDROOM 3 EN SUITE SHOWER ROOM
2.26m x 1.45m

BEDROOM 4
3.68m x 3.43m max x max

BEDROOM 4 EN SUITE SHOWER ROOM
2.69m x 1.22m

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