6 bedroom terraced house for sale

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6 bedroom terraced house for sale

Monson Street, Lincoln, Lincolnshire
£325,000

Price History

Initial price £350,000
18/10/24 £325,000
Price Change -7.14%

Description

<|start_header_id|>assistant<|end_header_id|> Here is a summary of the property description in a single paragraph: 66 Monson Street is a 6-bed, 5-bath student HMO in Lincoln, generating a gross annual income of £38,760 and offering an impressive yield of 11.93%. The property is fully occupied and located in a sought-after area, promising steady rental income and significant capital appreciation potential. The income breakdown shows that each room generates £510-£552.50 per month, with a total monthly income of £3,230. The expenditure breakdown includes gas, electric, water, TV license, broadband, and management costs, totaling £970.10 per month. The net annual income is £27,118.80, and the gross yield is 11.93%. The property is ideal for investors looking to capitalize on the thriving student rental market in Lincoln.