LN5 79 Sincil Bank, Bracebridge, Lincoln

A traditional bay fronted terrace house situated close to Lincoln's City Centre which has a HMO license but is available with vacant possession so can suit either an investment buyer or private owner.

The property benefits from well presented accommodation comprising of an entrance hall, living room / double bedroom, reception room, kitchen and bathroom to the ground floor, along with two double bedrooms to the first floor.

The property has been operated as a student rental since 2015. A certificate of lawful use application is currently pending, and the experienced landlord is confident it will be approved by September 20th, 2025, based on the property's established rental history.

Rental income was £16,830 for the 2023/24 tax year and £15,300 for 2022/23.

In 2022, a wall was removed in the second bedroom to create a larger room. However, this can easily be reinstated by the owner to restore the original layout and add an additional bedroom.

Accommodation

Ground Floor

Entrance Hall

Entrance door accessed from shared passageway, stairs rising to first floor.

Living Room / Bedroom

Double glazed bay window to front, radiator.

Reception Room

Double glazed window to rear, under stairs storage cupboard, radiator.

Kitchen

Double glazed window and entrance door to side, stainless steel drainer sink, worktops, base and eye level storage units,

integrated oven and hob with extractor over, spaces for washing machine and fridge freezer, wall mounted central heating boiler.

First Floor

Landing

Bedroom One (formerly two bedrooms)

Two double glazed windows to front, two radiators.

Bedroom Two

Double glazed window to rear, radiator, storage cupboard.

Outside

To the rear is an enclosed yard and store.

Other

COUNCIL TAX

Band A

MOBILE

We understand from the Ofcom website there is likely mobile coverage from O2, EE, Three and Vodafone.

BROADBAND

We understand from the Ofcom website that standard, superfast and ultrafast broadband is available at this property with a max download speed of 1800 Mbps and an upload speed of 220 Mbps

BUYER IDENTITY CHECK

Please note that prior to acceptance of any offer, Brown&coJHWalter are required to verify the identity of the buyer to comply with the requirements of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. Further, when a property is for sale by tender, an ID check must be carried out before a tender can be submitted. We are most grateful for your assistance with this.

Ideal investment or first time purchase

HMO License

Available with vacant possession

Close to Lincoln City Centre

Well presented