56 Belmont Street, Lincoln, Lincolnshire, LN2 5LS

Situation: The property is well positioned on Belmont Street, Lincoln, close to the City centre and a wide range of facilities and amenities. Lincoln itself offers a wonderful range of leisure and retail facilities along with a wide number of eateries. Lincoln University is increasingly growing in demand also. Description: A wonderful opportunity to acquire this well proportioned and versatile terrace house, offered for sale in need of improvement works but offering scope to add value or generate a strong yield in this area of high rental demand. There is also scope to provide student accommodation with the University. Subject to the necessary consents being obtained and criteria being met, as a 3 bedroom HMO, SERCO have advised the potential to achieve achieve a rental value of up to £1434.27 (£17,211.24 per annum) (please note that this figure is indicative and subject to confirmation) once renovated. Accommodation Ground Floor Entrance Hallway Lounge Dining Room Conservatory Kitchen Family Bathroom WC First Floor Bedroom 1 Bedroom 2 Bedroom 3 Rear gardenMaterial Information Tenure: The property is freehold. All prospective bidders should satisfy themselves of terms of the tenure, ground rent and service charge if applicable, by inspecting the legal pack. Council Tax: The property falls within Lincoln Council – BAND A Viewing: Strictly by appointment with Auction House. Servi…

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