Summary - 16 ST CATHERINES GROVE LINCOLN LN5 8NA
5 bed 3 bath Terraced
**Standout Features:**
- Mid-terrace Victorian house with classic bay windows
- Five lettable rooms, currently generating a yearly income of £16,428
- Enclosed garden space for outdoor usage
- Sold via secure online bidding with no onward chain, enabling immediate transactions
- Freehold tenure offering flexibility for future modifications
- Close proximity to local amenities and excellent mobile and broadband connectivity
**Potential Downsides:**
- EPC rating of E indicating potential energy inefficiency
- Solid brick walls with no insulation could lead to higher energy costs
- High crime rate in the area may be a concern for some buyers
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This Victorian mid-terrace house is a prime investment opportunity, offering five lettable rooms that currently generate a solid annual income of £16,428, making it ideal for investors or landlords looking to expand their portfolio. With a small but practical garden and a close-knit neighborhood, it also serves as a potential home for families seeking urban living with access to essential amenities.
The property's layout assures comfortable living space, featuring a welcoming entrance hall, an en-suite bedroom on the ground floor, and four additional bedrooms with shared bathroom facilities above. Located within easy reach of the town center, this HMO boasts excellent mobile signal and fast broadband speeds, enhancing its appeal for long-term tenants. However, the property holds an EPC rating of E, and it may require renovations or improvements for energy efficiency.
Being sold with no onward chain and through secure sale, interested buyers can act quickly to seize this valuable opportunity in a city experiencing growing rental demand. Don’t miss out on the chance to make this property your next investment gem!
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