- Six Bedroom licensed HMO investment
- Currently let at £1,664.42 pcm until August 2026
- Potential income of approx. £30,000 per annum
- Approx. 12.5% potential gross yield
- Prime location close to Lincoln City Centre & High Street
- Walking distance to University of Lincoln & Lincoln College
- Accommodation over Three Floors with Two Shower Rooms
- EPC Energy Rating - C
- Council Tax Band - A (Lincoln City Council)
6 Bedroom Terraced House for sale in Lincoln
6
2
INVESTMENT OPPORTUNITY – SIX BEDROOM HMO
A well presented Six Bedroom House of Multiple Occupancy located to the South of Lincoln City Centre, within walking distance of the City Centre, Lincoln High Street, the University of Lincoln and Lincoln College. The property is currently let at £1,664.42 per calendar month, inclusive of gas, electricity, water, internet, TV licence and council tax, and is tenanted until 18th August 2026, providing an immediate income stream. There is clear potential for rental uplift. Based on approximately £100 per week per room over a 50 week period, the property could achieve in the region of £30,000 per annum, representing a potential gross yield of approximately 12.5%. The property is currently in good, presentable order and offers well arranged accommodation over three floors.
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.
ENTRANCE HALL With access to bedroom one and lounge.
BEDROOM ONE 11' 3" x 2' 11" (3.43m x 0.88m) With UPVC double glazed window and radiator
LOUNGE / COMMUNAL AREA 12' 2" x 11' 1" (3.71m x 3.37m) With UPVC double glazed double doors, under stairs storage cupboard, radiator and open access leading through to the kitchen.
KITCHEN 12' 10" x 5' 8" (3.90m x 1.73m) With UPVC double glazed window, fitted with a range of wall, drawer and base units with work surfaces over, tiled splashbacks, stainless steel sink and drainer, integral oven with four ring gas hob with extractor fan over, space for fridge freezer and spotlighting.
SHOWER ROOM 7' 2" x 5' 8" (2.19m x 1.73m) With UPVC double glazed window, low level WC, wash hand basin, shower cubicle and radiator.
FIRST FLOOR LANDING With access to three bedrooms.
BEDROOM TWO 12' 5" x 6' 9" (3.77m x 2.05m) With UPVC double glazed window and radiator.
BEDROOM THREE 9' 9" x 7' 5" (2.96m x 2.26m) With UPVC double glazed window and radiator.
BEDROOM FOUR 8' 2" x 11' 1" (2.50m x 3.37m) With UPVC double glazed window and radiator.
SECOND FLOOR LANDING With access to two bedrooms and shower room.
BEDROOM FIVE 10' 10" x 6' 9" (3.30m x 2.06m) With UPVC double glazed window and radiator.
BEDROOM SIX 12' 10" x 6' 11" (3.92m x 2.12m) With UPVC double glazed window and radiator
SHOWER ROOM With low level WC, wash hand basin, shower cubicle, radiator and extractor fan.
OUTSIDE To the rear of the property there is an enclosed courtyard garden.
Property Ref: 102125036691
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29 Silver Street, Lincoln, Lincolnshire, LN2 1AS
01522 510044
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