Monks Road, Lincoln LN2 7 bed terraced house for sale

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Monks Road, Lincoln LN2 7 bed terraced house for sale

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
08/09/24 £280,000
30/09/24 £275,000
07/10/24 £270,000
09/10/24 £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
20/11/24 £265,000
27/11/24 £290,000
04/12/24 £285,000
11/12/24 £270,000
18/12/24 £265,000
31/12/24 £260,000
08/01/25 £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-kept property features 7 spacious bedrooms, 2 bathrooms, a modern lounge and kitchen, balcony, and garden space, providing a comfortable living space for tenants. Currently, the property produces an annual gross income of £20,256, which could be increased to a market rate of £24,000 with the right management. The property already has long-term tenants in place, who have consistently paid their rent and have no intention of moving out, providing a stable and predictable income stream. With a valuable location and rewarding rental returns, this property is an attractive addition to any investor's portfolio.