5 bedroom house of multiple occupation for sale

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5 bedroom house of multiple occupation for sale

Monks Road, Lincoln, LN2
£185,000

Price History

Initial price £195,000
13/05/25 £185,000
Price Change -5.13%

Description

This 5-bedroom property on Monks Road in Lincoln offers a perfect blend of space, comfort, and convenience, making it an ideal investment opportunity. The property is situated in a central location, just a short walk from the University of Lincoln, Lincoln College, and local amenities, and is close to excellent transport links. The property boasts 100m2 of internal living space, with large windows throughout, creating a warm and welcoming atmosphere. The ground floor features a spacious communal living area, a fully equipped kitchen, and a storage cupboard. The first floor has four further double bedrooms, each furnished with students in mind, and a modern bathroom. The property also has a large enclosed rear yard and is fitted with an "Ideal" gas combi-boiler. With a projected cashflow of £461.87 per month and ROI of 8.3%, this property presents a solid investment opportunity with significant potential for long-term cashflow and returns.