Eastfield Street, Lincoln

£130,000

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2 Bedroom Terraced House for sale in Lincoln

2 1

HMO investment opportunity
Let until end of academic year 2026/27
Fully managed tenancy in place
Two lettable rooms generating secure income
Gross yield up to 10.98% (based on asking price)
Close to Lincoln city centre and local amenities
Low maintenance rear yard with outbuilding
On street permit parking available
Ideal for investors seeking immediate return
Council Tax Band - A (Lincoln City Council)

Fully let student investment with income secured until the end of the 2026/27 academic year. A two bedroom mid terraced HMO property arranged to provide two lettable rooms, offering a ready-made, income-producing investment in a popular location off Monks Road. The accommodation comprises of an entrance hallway, ground floor bedroom, lounge, kitchen, first floor landing, bathroom and two further bedrooms (one currently used as a study/dressing room).

LOCATION The historic Cathedral and University City of Lincoln has the usual High Street shops and department stores, plus banking and allied facilities, multiplex cinema, Marina and Art Gallery. The famous Steep Hill leads to the Uphill area of Lincoln and the Bailgate, with its quaint boutiques and bistros, the Castle, Cathedral and renowned Lincoln Bishop University.

HMO INVESTMENT Fully let HMO investment
Tenancy secured until end of academic year 2026/27
Fully managed Income:
• 2025/26: £13,770 per annum (10.59% yield based on asking price)
• 2026/27: £14,280 per annum (10.98% yield based on asking price)

ENTRANCE HALL Accessed via a shared passageway with access to the ground floor bedroom and lounge.

BEDROOM 1 11' 2" x 11' 2" (3.4m x 3.4m) Ground floor double bedroom (formerly a reception room) with window and radiator.

LOUNGE 15' 1 max" x 11' 2" (4.6m x 3.4m) Reception room flowing directly into the kitchen with radiator, door providing access to the rear yard and stairs rising to the first floor.

KITCHEN Fitted with a range of wall and base units, gas hob, electric oven, stainless steel sink with mixer tap, tiled flooring, wall mounted combi boiler, tiled splashbacks and window.

FIRST FLOOR LANDING Providing access to both bedrooms, bathroom and storage cupboard.

BEDROOM 2 12' 6" x 11' 6" (3.81m x 3.51m) With window, radiator and overstairs storage cupboard.

BEDROOM 3/STUDY 11' 2" x 8' 0" (3.4m x 2.44m) With window and radiator (currently utilised as a study/dressing room).

BATHROOM Fitted with a three piece suite comprising of a shower cubicle with tiled wall splashbacks, WC and wash hand basin, towel radiator and a frosted window to the front aspect.

OUTSIDE Low maintenance rear yard with useful outbuilding accessed via the lounge and shared passageway and on street permit parking available to the front.

Property Ref: 102125036620

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