Initial price	£272,000
05/05/24	£260,000
Price Change	-4.41%

The investment property is a 4-bedroom HMO located in a residential area within a 15-minute walk from Lincoln's City Centre, 25 minutes from the University of Lincoln, and a 15-minute walk from Bishop Grosseteste University. The property has been newly refurbished and comprises a ground floor kitchen, living/dining room, and 1 bedroom, with 3 bedrooms and 2 communal bathrooms at first floor. The property is currently let to individuals for a term of 51 weeks at a rent of £20,655 per annum, with a new AST signed for 51 weeks from August 2024 at an agreed rent of £22,440 per annum. The vendor will top up the rent, providing the buyer with an annual rent of £22,440 from completion. The property is a licensed HMO (C4 use class) and has a reference number of 2018/0763/CLE.