155 & 157 Monks Road, Lincoln LN2 5JJ

An investment opportunity comprising two substantial, adjoining Victorian terraced houses, that have been adapted to provide a fully licenced 7 bedroom HMO in each (14 bedrooms in total), laid out over ground, first and second floors. Current income £61,908pa. Both properties have recently had work undertaken on them, with 155 having been redecorated, whilst 157 has been totally refurbished and redecorated throughout. Both properties currently have shared bathrooms, but in our view there is potential for installing ensuite bathrooms in most of the bedrooms, which provides an opportunity to significantly increase the rental income. The properties are constructed in solid brickwork under a pitched tiled roof,...