Initial price	£220,000
11/01/24	£215,000
Price Change	-2.27%

The property is an excellent investment opportunity in the historic city of Lincoln, producing a gross income of approximately £23,460 through five lettable bedrooms, a communal living room, kitchen, shower room, and separate WC. The accommodation is well-presented throughout, benefits from gas-fired central heating and UPVC double glazing, and features fitted appliances in the kitchen. The property also includes furniture in the sale. The location offers easy access to the city's High Street, shops, department stores, multiplex cinema, and art gallery, as well as the famous Steep Hill and Uphill areas. The property has an enclosed courtyard garden to the rear, with a separate pedestrian access along the rear of Abbot Street. The vendor advises that a condition of the sale will include the retention of student housing for the duration of the current tenancy period, and that two of the rooms are currently let at £95 and £90 per week, producing a total income of £23,460 for a 51-week period until the beginning of August 2024, representing a gross initial yield of 10.66%.