Initial price	£425,000
27/03/24	£390,000
05/05/24	£360,000
Price Change	-15.29%

The property is a 6-bed HMO located in a residential area within a 15-minute walk from Lincoln's City Centre, 15 minutes from the University of Lincoln, and a 25-minute walk from Bishop Grosseteste University. The property has a gross initial yield of 11.26% and is currently let to individuals at an annual rent of £40,545, with the vendor agreeing to top up the rent to the buyer from completion. The property has been newly refurbished to a high standard and comprises a ground floor kitchen/dining and living room, with 2 en-suite bedrooms, and 4 further bedrooms on the first floor, with 2 en-suites. The property has a total gross internal area of 1,259 sq ft and is a C4 HMO licensed property with a reference number of 2019/0760/CLE.