Summary - 6 ELY STREET LINCOLN LN1 1LT
3 bed 2 bath Terraced
### Standout Features:
- **Price:** £150,000 - £160,000
- **Rental Potential:** Currently tenanted at £920pcm, yielding 7.6%
- **Bedrooms:** 3, with 2 bathrooms (including an en-suite)
- **Planning Status:** Certificate of lawfulness in place for potential extensions or renovations
- **Location:** Close to Lincoln University and city center
- **Condition:** Solid brick Victorian construction; double glazing installed pre-2002
- **Connectivity:** Excellent mobile signal; fast broadband speeds
- **Outdoor Space:** Small rear yard
- **Council Tax:** Very affordable
### Summary:
Located on Ely Street, this inviting three-bedroom terraced house offers a fantastic investment opportunity in a bustling student-friendly neighborhood, just a short stroll from Lincoln University and the city center. Currently tenanted with a reliable income yielding 7.6%, this property comprises four double lettable rooms, two modern bathrooms, and a streamlined galley kitchen brimming with natural light.
While the home retains its early 20th-century Victorian charm, prospective buyers might note that the rooms are compact—a characteristic of terraced properties—making it ideal for students or young families. It also has a cozy rear yard, perfect for outdoor relaxation.
With a certificate of lawfulness already in place, there's flexibility for future renovations to enhance the property’s potential. Given its prime location and financial viability, early viewing is strongly recommended as homes like this don’t stay on the market for long!
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