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Monks Road, Lincoln LN2 7 bed terraced house for sale
Monks Road, Lincoln LN2
£245,000
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.