Monson Street, Lincoln, Lincolnshire
- PROPERTY TYPE
Terraced
- BEDROOMS
6
- BATHROOMS
5
- SIZE
108 sq ft
10 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- High-Yield Investment: Generates a gross annual income of £38,760 with a solid gross yield of 11.07%, ensuring strong financial returns.
- Fully Occupied HMO: Features six bedrooms and five bathrooms, consistently maintaining high occupancy rates due to strong rental demand.
- Prime Location: Located in a sought-after area of Lincoln, close to amenities and transport links, making it ideal for student tenants.
- Proximity to University: Close to the University of Lincoln, attracting a diverse student population and ensuring steady rental demand.
- Low Expenditures: Monthly expenditure of £970.10, with total annual costs at £11,641.20, maximizing net annual income.
- Management Efficiency: Professionally managed, ensuring hassle-free investment and high tenant satisfaction.
- Strong Local Economy: Benefits from Lincoln's robust economy, supported by major employers like the University of Lincoln, Lincoln County Hospital, and Siemens.
- Excellent Transport Links: Well-connected by Lincoln Central railway station and major road networks, providing easy access for commuters.
Description
Investment Opportunity: 66 Monson Street, Lincoln, LN5 7SB
Discover a high-yield investment with 66 Monson Street, a well-run 6-bed, 5-bath student HMO in Lincoln. This quality conversion is fully occupied, reflecting its popular location and strong rental demand. Situated close to amenities, the property generates a gross annual income of £38,760, offering an impressive yield of 11%.
Located in a sought-after area, 66 Monson Street not only promises steady rental income but also significant capital appreciation potential. This property is ideal for investors looking to capitalise on the thriving student rental market in Lincoln.
Income Breakdown (Monthly):
Room 1: £510.00
Room 2: £510.00
Room 3: £552.50
Room 4: £552.50
Room 5: £552.50
Room 6: £552.50
Total Monthly Income: £3,230.00
Annual Income:
£38,760.00
Expenditure Breakdown (Monthly):
Gas: £300.00
Electric: £200.00
Water: £30.00
Council Tax: £0.00 (due to tenant type, the property is currently exempt from council tax)
TV License: £12.50
Broadband: £40.00
Cleaner: £0.00 (not listed)
Management: £387.60
Total Monthly Expenditure: £970.10
Annual Expenditure:
£11,641.20
Net Annual Income:
£27,118.80 (calculated as Total Income - Total Expenditure)
Gross Yield:
11.07% (calculated as Annual Income / Purchase Price)
Commentary:
The room rates and expenditure figures are based on current data. The property's financial performance indicates a solid gross yield of 11.07%, reflecting its potential as a valuable investment. Due to tenant type, the property is currently exempt from council tax. This financial summary does not account for potential vacancy periods or additional management costs not listed, which could impact net income and yield calculations.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Monson Street, Lincoln, Lincolnshire
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lincoln Central Station0.3 miles
- Hykeham Station3.0 miles
About the agent
HMO Sales Expert, Bournemouth
Bourne House, 23 Hinton Road, Bournemouth, BH1 2EF
The HMO Sales Expert is setting a new standard in the multi-unit property market by ensuring that all properties listed are valuation verified by one of the most experienced valuers in the UK. This launch not only marks an era of high compliance and accuracy in sales but promises off-market deals with no buyer fees—a complete game changer for investors and property professionals alike. All sales are exclusive to The HMO Sales Expert, guaranteeing unique access to properties that cannot be fou
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