Terraced House for sale on

Boundary Street

Lincoln, LN5

Tenure: Freehold

** NO CHAIN** A beautifully maintained large 3 bedroom mid terrace house available to purchase with a happy tenant in situ providing a current yield of 6.8%.
The property is in very good condition and has a relatively new kitchen and bathroom with 2 large reception rooms, a utility area, 2 double bedrooms and a longer than average single bedroom as goes over the passageway below. Outside there is a small rear garden.
The property benefits from gas central heating and has UPVC double glazing with a EPC rating of D, Council tax band A.
Should no investor be found, then this property could be sold to an owner occupier with the current tenant being given notice if required.

Location and area

The property is located at the south end of Lincoln High Street in an area called St Catherines thus being with in easy walking distance to the High Street but also benefiting from lovely walks over the south common opposite, there is an excellent technical school on Cross O'Cliff Hill called LSST for teenagers with outstanding Ofsted reports, there are also many amenities along Newark Road such as takeaways ALDi, a car supermarket, car spares called Allwoods and many more.

Accommodation

The property is first entered through a passageway lockable door from the street and then through the main front door on the side elevation, this being a UPVC door.

Hall

A small carpeted entrance with staircase immediately in front to first floor landing with doors to both right and left into two large reception rooms.

Living Room

3.31m x 3.62m (10'10" x 11'11")

Window to front elevation, chimney breast with electric fire in front, large radiator, carpeted flooring and pendant lighting

Dining Room

3.72m x 3.62m (12'2" x 11'11")

Window to rear elevation, large under stairs cupboard housing gas, electric meters and consumer unit, chimney breast, large radiator, carpeted flooring and pendant lighting.

Kitchen

3.76m x 1.85m (12'4" x 6'1")

Window to side elevation, grey ceramic tiled floor, modern gloss finished wall and base units with laminate worktops and Victorian designed splash-back tiling, single electric oven, 4 ring electric hob with cooker hood above, stainless steel sink with mixer tap, spot lighting. fully glazed and frosted UPVC door leading to rear garden and space for a tall fridge freezer.

Utility Section

0.87m x 1.85m (2'10" x 6'1")

Through an opening off the kitchen is a small utility area with worktop one side and wall mounted Worcester Combi boiler above and plumbing for washing machine underneath, loft access, double radiator on opposite wall.

Ground Floor Bathroom

2.79m x 1.60m (9'2" x 5'3")

Frosted window to side, elevation, the same continued grey tiled flooring, three piece suite comprising of; paneled bath with mixer shower over being a fully tiled area with a shower screen, half height tiling on the left elevation walls, close coupled toilet, pedestal sink with mixer tap, chrome heated towel rail, large extractor fan on the wall and spot lighting on the ceiling.

Landing

A split level landing with balustrade and carpeted flooring..

Bedroom 1

3.72m x 3.62m (12'2" x 11'11")

Window to the rear elevation, carpeted flooring, radiator, pendant lighting and a large walk-in wardrobe which is over the entrance hallway and passageway.

Bedroom 2

2.58m x 2.67m (8'6" x 8'9")

Window to front elevation, radiator, carpeted flooring and pendant lighting

Bedroom 3

3.64m x 1.95m (11'11" x 6'5")

A long bedroom with carpeted flooring and pendant lighting partly over the passageway below with window to front elevation and radiator.

Outside

A rear garden laid to lawn at the far end with some perimeter borders, concrete area from passageway and from rear door offering outside tap and light and shared passageway with a low level picket gate.

Investment opportunity

The property can be purchased with a very happy tenant in situ, currently paying a rent of £795 producing a yield of 6.8% but a rent increase is due!

Disclaimer 1

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS. NEITHER BELVOIR NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Financial Services

Financial Services - As part of our continued commitment to providing the best advice to all of our clients we work closely with Mortgage Advice Bureau & part of our guaranteed commitment to our vendors is to establish the financial position of any offer received on their home. Whilst we offer FREE mortgage advice from any stage of the buying or selling process we operate a mandatory qualification process on all offers prior to submission of any offer to our vendors. The mortgage advice bureau are regulated by the financial ombudsman and operate on an independent basis within our premises at 71 Northgate, Sleaford, NG34 7BS.