6 bedroom hmo

Lea Road, Gainsborough DN21 1LW

Size: 149 sqm

SSTC

£190,000

Size: 149 sqm

SQM

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £29,120
Net income £23,296
Gross yield 15.33%
Net yield 12.26%

6-BEDROOM HMO PROPERTY WITH A NET YIELD OF 12.94%! An incredible investment opportunity in Gainsborough, Lincolnshire. Enquire today to avoid disappointment.


This incredible 6-bedroom HMO property is offered fully furnished and comprises of 6 spacious double bedrooms, each with its own shower cubicle; 2 fitted kitchens with dining areas and plenty of storage space; a living area with a wall mounted TV; 4 separate bathrooms; and a utility room with laundry facilities. This property provides residents with everything they could need to live comfortably. Residents also benefit from on-street parking and its ideal location only a 10 minute walk away from Gainsborough’s town centre.

Gainsborough has lots of shops and amenities nearby with the local shopping centre - Marshall’s Yard within walking distance from this property alongside numerous other independent shops, cafes, bars, pubs and restaurants. Gainsborough is only 30 minutes away from the city of Lincoln, making this a great commuter town and enabling residents to enjoy Lincoln’s fantastic attractions including Lincoln Castle, home to one of only four surviving copies of the Magna Carta; live music and theatre venues, multiple shopping centres and lots of beautiful English countryside to explore. If this isn’t enough, residents can also be in the city of Sheffield within an hour, offering even more places to see and explore.

Gainsborough is due to benefit from £18m of investment which will improve its transport network, create more housing and rejuvenate the town centre, bringing more retail and leisure opportunities and creating more than 3,000 more jobs for the town. With these plans, Gainsborough is predicted to see an economic growth of 12% and a huge population increase within the next few years, meaning rental demand will be high in this area and house prices are set to rise.

Interested in this property? Enquire today for more information

Key features

Key features

NET yield of 12.94%

Key features

Tenanted for immediate income

Key features

6-bedroom HMO property

Key features

All bedrooms have showers

Key features

4 separate bathrooms

Key features

2 fitted kitchens

Key features

Fully furnished

Key features

Communal dining room

Key features

Excellent transport links

Key features

30 minutes away from Lincoln

Key features

Freehold

6-BEDROOM HMO PROPERTY WITH A NET YIELD OF 12.94%! An incredible investment opportunity in Gainsborough, Lincolnshire. Enquire today to avoid disappointment. More info...

This incredible 6-bedroom HMO property is offered fully furnished and comprises of 6 spacious double bedrooms, each with its own shower cubicle; 2 fitted kitchens with dining areas and plenty of storage space; a living area with a wall mounted TV; 4 separate bathrooms; and a utility room with laundry facilities. This property provides residents with everything they could need to live comfortably. Residents also benefit from on-street parking and its ideal location only a 10 minute walk away from Gainsborough’s town centre.

Gainsborough has lots of shops and amenities nearby with the local shopping centre - Marshall’s Yard within walking distance from this property alongside numerous other independent shops, cafes, bars, pubs and restaurants. Gainsborough is only 30 minutes away from the city of Lincoln, making this a great commuter town and enabling residents to enjoy Lincoln’s fantastic attractions including Lincoln Castle, home to one of only four surviving copies of the Magna Carta; live music and theatre venues, multiple shopping centres and lots of beautiful English countryside to explore. If this isn’t enough, residents can also be in the city of Sheffield within an hour, offering even more places to see and explore.

Gainsborough is due to benefit from £18m of investment which will improve its transport network, create more housing and rejuvenate the town centre, bringing more retail and leisure opportunities and creating more than 3,000 more jobs for the town. With these plans, Gainsborough is predicted to see an economic growth of 12% and a huge population increase within the next few years, meaning rental demand will be high in this area and house prices are set to rise.

  • Key features
    Tick Desktop NET yield of 12.94%
    Tick Desktop Tenanted for immediate income
    Tick Desktop 6-bedroom HMO property
    Tick Desktop All bedrooms have showers
    Tick Desktop 4 separate bathrooms
    Tick Desktop 2 fitted kitchens
    Tick Desktop Fully furnished
    Tick Desktop Communal dining room
    Tick Desktop Excellent transport links
    Tick Desktop 30 minutes away from Lincoln
    Key features

    Freehold

  • LocationLocation
  • EPCEPC

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £29,120
Net income £23,296
Gross yield 15.33%
Net yield 12.26%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.