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5 bed property, in Cromwell Street, £240,000
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Cromwell Street, Lincoln, LN2 5 bed semi

Cromwell Street, Lincoln, LN2
Planning
£240,000
-4.0%

Price History

Initial price £250,000
Aug 16, 2024 £240,000
Price Change -4.0%

Our Summary

  • Excellent Investment Opportunity
  • Flexible Planning Granted
  • Potential To Generate £30 K Gross P
  • Potential To Generate £30K Gross P
  • Flexibility and Investment Potential Whether you’re looking for a lucrative investment opportunity or a unique family home, 2B Cromwell Street offers flexible options to suit your needs
  • With planning permission in place for use as both a House in Multiple Occupation (HMO) or a residential let, the property offers significant potential for rental income
  • In fact, this HMO has the potential to generate a gross income in the region of £30,000 per annum, making it an attractive option for investors seeking a solid return on investment

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Description

This unique 5-bedroom HMO, originally a 1906 church hall, offers a one-of-a-kind living experience in the heart of Lincoln. The property retains its historic charm, with exposed beams, sloping roofline, and character-filled rooms, while also boasting modern conveniences and a spacious open-plan kitchen. The property has planning permission for use as both an HMO and a residential let, offering significant potential for rental income.

With its solid construction and timeless appeal, 2B Cromwell Street is a rare gem waiting to be discovered. Whether as an investment or a forever home, this property offers a unique blend of history and modernity, making it an ideal choice for those seeking a truly special living experience.