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£750,000

15 bedroom terraced house for sale

Newport Guest House, Lincoln

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Terraced house
15 bedroom
14 bathroom

Property features

  • Currently 12 of 15 Bedrooms Let for 20/21
  • Currently 10 Bedrooms Let at £110p.w & 2 Bedrooms at £100p.w
  • 20/21 Term Approx Income £65,000
  • Potential Income £82,500 (15 Bedrooms at £115p.w Over 50 Wks)
  • 15 Bedroom Home of Multiple Occupancy
  • 14 Bathrooms
  • Communal Dining Room & Kitchen
  • Communal Laundry & Storage
  • 5 Min Walk to BG University
  • EPC Energy Rating - C

Property description

DESCRIPTION INVESTMENT OPPORTUNITY! A rare opportunity to purchase a 15 Bedroomed House of Multiple Occupancy / Student Let within a 5 minute walk of Bishop Grosseteste University whilst being within close proximity of the Bailgate, Cathedral Quarter and a short walk into Lincoln City Centre. This fantastic HMO & Former Guest House has accommodation over 3 Storeys and comprises of 15 Bedrooms & 14 Bathrooms (13 En- Suite) whilst also having a range of communal facilities including Kitchen, Dining Room, Laundry and Storage. Currently the property is let until 14th August 2021. 12 Bedroom are currently let for the 20/21 Term. 10 of the 15 Bedrooms are let at £110p.w and 2 rooms at £100p.w. The total gross income for 20/21 is approx. £65,000 based on a 50 week term with the 12 Rooms Let. Potentially the property could generate an approx. gross income of £82,500p.a with all 15 Rooms being let at £115p.w over a 50 week period. Offering a yield of approx. 11%.  

LOCATION The historic Cathedral and University City of Lincoln has the usual High Street shops and department stores, plus banking and allied facilities, multiplex cinema, Marina and Art Gallery. The famous Steep Hill leads to the Uphill area of Lincoln and the Bailgate, with its quaint boutiques and bistros, the Castle, Cathedral and renowned Bishop Grosseteste College. 

KITCHEN 10' 4" x 14' 7" (3.17m x 4.47m)  

DINING ROOM 27' 6" x 14' 9" (8.40m x 4.52m)  

LAUNDRY 11' 9" x 10' 7" (3.60m x 3.23m)  

CLOSET 5' 0" x 19' 2" (1.54m x 5.85m)  

BEDROOM 1 10' 1" x 16' 6" (3.08m x 5.04m)  

EN SUITE 9' 3" x 2' 11" (2.84m x 0.89m)  

BEDROOM 2 13' 6" x 11' 10" (4.13m x 3.62m)  

EN SUITE 6' 9" x 2' 10" (2.08m x .88m)  

BEDROOM 3 13' 7" x 11' 10" (4.15m x 3.62m)  

BEDROOM 3A 9' 9" x 12' 7" (2.99m x 3.85m)  

BATHROOM 5' 6" x 8' 6" (1.69m x 2.60m)  

FIRST FLOOR  

BEDROOM 4 8' 7" x 13' 6" (2.62m x 4.13m)  

EN SUITE 5' 8" x 4' 4" (1.75m x 1.34m)  

BEDROOM 5 16' 2" x 12' 5" (4.93m x 3.79m)  

EN SUITE 8' 9" x 2' 10" (2.68m x .88m)  

BEDROOM 7 9' 10" x 10' 2" (3.02m x 3.10m)  

EN SUITE 9' 4" x 2' 9" (2.85m x .84m)  

BEDROOM 8 16' 0" x 11' 7" (4.90m x 3.55m)  

EN SUITE 9' 0" x 4' 7" (2.75m x 1.40m)  

BEDROOM 10 9' 10" x 23' 8" (3.01m x 7.23m)  

EN SUITE 5' 6" x 8' 4" (1.68m x 2.55m)  

BEDROOM 11 9' 10" x 22' 11" (3.01m x 7.01m)  

EN SUITE 5' 8" x 8' 3" (1.73m x 2.54m)  

SECOND FLOOR  

BEDROOM 6 14' 10" x 13' 7" (4.53m x 4.16m)  

EN SUITE 11' 2" x 4' 5" (3.41m x 1.36m)  

BEDROOM 9 14' 10" x 13' 7" (4.54m x 4.15m)  

EN SUITE 9' 4" x 3' 3" (2.87m x 1.01m)  

BEDROOM 12 9' 8" x 7' 9" (2.96m x 2.38m)  

EN SUITE 4' 1" x 8' 0" (1.25m x 2.46m)  

BEDROOM 13 9' 8" x 15' 1" (2.96m x 4.62m)  

EN SUITE 4' 11" x 6' 6" (1.50m x 1.99m)  

BEDROOM 14 10' 1" x 15' 10" (3.08m x 4.83m)  

BATHROOM 6' 2" x 6' 9" (1.88m x 2.06m)  

Property information from this agent

  • Brochure PDF
    1. Mundys

      Mundys - Lincoln

      29 Silver Street Lincoln LN2 1AS

      A professional practice of Estate Agents serving Lincoln and surrounding villages. With two offices in Lincoln, on Silver Street and Doddington Road, we have a demonstrable record of success in both Sales and Lettings.

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