Initial price	£367,000
27/03/24	£305,000
05/05/24	£290,000
Price Change	-20.98%

This property is a six-bedroom HMO located in Lincoln, with a gross initial yield of 10.46% and rental income of £30,345 per year. The property is situated within a 15-minute walk from the University of Lincoln and Bishop Grosseteste University, and a 25-minute walk from Lincoln's City Centre. The property comprises a ground floor kitchen/dining room, a bedroom, and a communal bathroom, with three further bedrooms and a bathroom on the first floor, and two bedrooms and a bathroom on the second floor. The basement provides a living room and an additional bedroom. The property is currently let on an AST to individuals for a term of 51 weeks, with a deposit held of £1,800, and the vendor will top-up the rent to ensure the buyer receives £30,345 per year from completion.