Initial price	£280,000
05/05/24	£260,000
Price Change	-7.14%

The property is a 5-bedroom HMO located in a residential area of Lincoln, within a 15-minute walk of the city center and near several universities and hospitals. The property has a gross initial yield of 9.12% and is currently let to individuals for a term of 51 weeks at an agreed rent of £23,715 per year. The vendor will top up the rent to the equivalent of £23,715 per year from completion, providing a stable and lucrative investment opportunity. The property has a total internal area of 104 square meters and is classified as an HMO (C4 use class) with a reference number of 2018/1327/CLE.