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5 bedroom apartment for sale
Monks Road, Lincoln
£310,000
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.