7 bed terraced house

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7 bed terraced house

Monks Road, Lincoln LN2
£245,000

Price History

Initial price £345,000
13/08/24 £295,000
22/08/24 £290,000
29/08/24 £285,000
21/09/24 £280,000
26/09/24 £275,000
02/10/24 £270,000
10/10/24 £265,000
16/10/24 £290,000
24/10/24 £285,000
30/10/24 £280,000
06/11/24 £275,000
12/11/24 £270,000
29/11/24 £290,000
03/12/24 £285,000
11/12/24 £270,000
18/12/24 £265,000
31/12/24 £260,000
07/01/25 £255,000
14/01/25 £250,000
29/01/25 £245,000
Price Change -28.99%

Description

This 7-bedroom flat in Lincoln offers a fantastic investment opportunity for those looking to expand their portfolio. The well-maintained property features spacious bedrooms, modern lounge and kitchen, balcony, and garden space, and is currently generating an annual gross income of £20,256. With the potential to increase the rent to a market rate of £24,000, this property presents a worthwhile addition to any investor's portfolio. The current tenants, who have been in the property for several years, have consistently paid their rent and have no plans to move out, making for a smooth transition.