Newton Fallowell says ..
INVESTMENT OPPORTUNITY. Fully let seven bedroom HMO, generating an income of circa £40,000 per annum. This fully let student house is located close to the City Centre and within walking distance of the University and a host of local amenities. The property benefits from being sold ...
Property Oracle says ..
This property is a seven-bedroom, seven-bathroom house located on Monks Road in Lincoln, Lincolnshire. The exterior of the property presents as a typical terraced house in a row of similar properties. The internal images reveal a property that appears to be let as student accommodation or a HMO property. The overall condition appears fair to average and is in need of some modernisation. Several rooms display some wear and tear and require cleaning and attention. The kitchen and bathrooms are functional but lack a modern or updated feel. There is a small, relatively unkempt garden area to the rear. The location is convenient, with good access to local schools and Lincoln city centre. Given its proximity to Lincoln College, it is probable this property has a history of being rented out to students. The property’s condition and the lack of precise square footage data for other similar local properties make it difficult to assess if it is properly priced.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 5
- Location
- 7
- Land
- 2
- Bedrooms
- 7
- Bathrooms
- 7
- Sqft (est)
- 1,780.00
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 350,323.00 £Decreased by 1.18 %
- Est sale value
- 767,180.00 £Increased by 20.73 %
- Average area rental value
- 1,334.00 £/moDecreased by 2.49 %
- Est letting value
- 1,780.00 £/moUnchanged by 0.00 %
- Est rental Yield
- 4.57 %Decreased by 1.30 %
- Crime Rate
- 10.00 %Unchanged by 0.00 %
Agent Activity
Newton Fallowell created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Lincoln College | Further Education | Good | 0.36 KM |
| Lincoln Abbey Children'S Centre | Children's Centre | 0.37 KM | |
| Lincoln Minster School | Other Independent School | 0.44 KM | |
| The Lincoln St Peter-In-Eastgate Church Of England (Controlled) Infants School | Voluntary Controlled School | Outstanding | 0.57 KM |
| Lincoln Monks Abbey Primary School | Community School | Good | 0.64 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| John Street | £ 110,000 | 0 | 0.00 KM |
| Thomas Street | £ 124,975 | 0 | 0.00 KM |
| Woodland View | £ 214,950 | 0 | 0.00 KM |
| Montague Street | £ 0 | 0 | 0.00 KM |
| The Cloisters | £ 230,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Lincoln | 6340 | LCN | 1.33 KM |
| Hykeham | 6310 | HKM | 8.84 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Monks Road, Lincoln, LN2 | £ 250,000 | BUY | 5 / 10 | 0.00 KM |
| Monks Road, Lincoln | £ 250,000 | BUY | 6 / 10 | 0.09 KM |
| 12 Leland Close, Lincoln, LN2 4WF | £ 200,000 | BUY | 6 / 10 | 0.09 KM |
| Arboretum Avenue, Lincoln | £ 215,000 | BUY | 6 / 10 | 0.09 KM |
| Thomas Street, Lincoln | £ 125,000 | BUY | 5 / 10 | 0.13 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 82 Monks Road | £ 120,000 | 0.00 KM |
| 86 Monks Road | £ 137,000 | 0.00 KM |
| 80a Monks Road | £ 132,000 | 0.02 KM |
| 84 Monks Road | £ 156,000 | 0.02 KM |
| 2 Arboretum View | £ 155,000 | 0.05 KM |