Lot 42
    Terraced
    157 Lincoln Road
    Peterborough, Cambridgeshire, PE1 2PW
    Sold for £395,000
     
    Number 1
    A Freehold Seven Bedroom Mid Terrace HMO with Two Self-Contained Studio Flats to the Rear. The HMO is Fully Let Producing £40,020 pa. The One Studio is Currently Vacant. Total ERV Once Fully Let £47,340 pa.

    Description

    The property comprises a recently refurbished mid terrace 7 bedroom HMO arranged over ground and two upper floors. All rooms are doubles and 4 have en-suites. There are two further self-contained studio flats to the rear.

    Location

    The property is situated on a mixed use road close to local shops and amenities and less than a mile from the city centre. The open spaces of Central Park are a short walk away. Transport links are provided by Peterborough rail station.

    Addendum

    Flat 9 has been let on a 6 month AST at £610 monthly thus £7,320 per annum. This increases the total income to £40,020 per annum.

    Accommodation & Tenancy Schedule

    Floor Accommodation Tenancy Current
    Annual Rent
    Ground 2 x En-suite Double Bedrooms Let on AST's at £900 pcm combined £10,800
    Ground (Rear) 2 x Self Contained One Bedroom Flats 1 x Let on a 6 month AST at £610pcm £7,320
    First 1 En-suite Double Bedroom, 1 x Double Bedroom, Open Plan Kitchen/Diner, Bathroom with WC & wash basin Let on AST's at £775 pcm combined £9,300
    Second 1 En-suite Double Bedroom, 2 x Double Bedrooms, Separate WC & wash basin Let on AST's at £1,050 pcm combined £12,600
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