No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Open Plan
Offers in excess of£325,000
Added > 14 days

5 bedroom apartment for sale

Monks Road, Lincoln
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Apartment
5 bed
3 bath
EPC rating: D*
1,033 sq ft / 96 sq m

Key information

Tenure: Freehold
Council tax: Ask agent
Mobile signal: 
EE O2 Three Vodafone
Water: Ask agent
Heating: Ask agent
Electricity: Ask agent
Sewerage: Ask agent
Discover more information

Property description & features

  • Tenure: Freehold
  • Fully Refurbished
  • Great Investment Opportunity
  • Fully Furnished
  • Tenanted For This Academic Year
  • Amazing Rental Yield
  • New Heating System/New Electrics
  • Utilitys now all split
*FANTASTIC INVESTMENT OPPORTUNITY FOR STUDENT ACCOMMODATION*.

OFFERS IN EXCESS OF £350,000

There are three flats in total and must be sold together. They are currently rented out for the current academic year 2023/2024. Total asking price is £350,000 with a gross rental income of £38,250,000 per annum.

For 2024/2025 the apartments are due to go up to £40,500 PA on 50 week tenancies - further info on the leases for this academic year can be requested.

The flats have all been recently renovated to a high standard, new carpets, heating system, radiators, electrics, kitchens, (having integrated oven and electric hobs), bathrooms, carpets and general cosmetic decoration.. All fully furnished, (Washing machine, fridge freezer, TV, sofa, beds, microwave, kettle, table and bench. All passed the building regulations with the local authority. So a very easy investment for someone who wants the security but without the hassle of refurbishing, furnishing or finding tenants for this year. Please call Kinetic for further information or a viewing.[use Contact Agent Button]

Flat one is a two bedroom apartment, 50 sqm.

Flat two is a two bedroom apartment, 50 sqm.

Flat three is a one bedroom studio apartment, 30sqm including store rooms for this apartment.


Photos
We have not got photos of every room due to access however we have managed to get a good range of photos of the apartments to showcase the condition of the property, room proportions and furnishings etc. For further info please call us or arrange a viewing.

Further Information
Council tax band - Exempt for students
Tenure - Freehold

Disclaimer
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.


Places of interest

    Kinetic are a modern independent estate agency newly established in 2017 covering Lincoln, Grantham, Newark and the surrounding villages. The agency offers all the benefits of a traditional high street agency and online concepts, both at low and fair selling fees. Directors Daryl and Rob boast 20 years' experience within estate agency and have both worked through good and tough markets. Being a small, independent agency they pride themselves on offering first-class customer service by providing regular contact, utilising cutting edge technology but still retaining traditional old-fashioned values. Kinetic have listened to customers and recognised that there is a demand for both of our packages within the current market. The general opinion is that most clients prefer the traditional 'No Sale No Fee' high street estate agency approach but at a reasonable and fair commission. On the flip side, the obvious risk when engaging most faceless online only concepts is actually being able to get hold of the ‘local expert’ when they’re paid individual upfront commission, regardless of whether they sell the property or not. With Kinetic you can have the best of both worlds, a physical office for regular contact and accountability along with low and fair fees!

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    *DISCLAIMER

    Property reference KIT1000709. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Kinetic Estate Agents - Waddington.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength: obtained from Ofcom on March 31, 2022

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area: obtained on January 25, 2019 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.