5 bedroom apartment for sale

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5 bedroom apartment for sale

Monks Road, Lincoln
£310,000

Price History

Initial price £350,000
28/04/24 £325,000
11/07/24 £300,000
15/11/24 £310,000
Price Change -11.43%

Description

This is a fantastic investment opportunity for student accommodation, comprising three flats that must be sold together. The flats are currently rented out for the 2023/2024 academic year and offer a gross rental income of £38,250,000 per annum. The total asking price is £310,000, with a significant increase in rent potential for the 2024/2025 academic year. The flats have been recently renovated to a high standard, with new carpets, heating systems, and modern kitchens and bathrooms. All apartments are fully furnished and have been passed by the local authority, providing a hassle-free investment opportunity for someone looking for security without the need for refurbishment or tenant-finding. The property is freehold and exempt from council tax due to its student accommodation status.