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6 bed terraced house
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Our Summary
- Potential to Add Seventh Bedroom (STPP)
- Investment Opportunity - Six-Bed Student HMO with Potential for Seven Letting Rooms Generating £33,000 gross annual income (including a £3000 bill allowance) and fully let for both the 2025/26 and 2026/27 academic years, this property presents a strong, income-producing investment from day one
- In addition, the property benefits from a further spare room which is currently undersized for letting, however presents an opportunity for internal reconfiguration to create a compliant seventh lettable bedroom, subject to necessary permissions and layout adjustments
- Having been consistently well maintained, the asset also offers scope for further value-add through cosmetic modernisation, with upgrades to kitchens and bathrooms likely to enhance tenant appeal and support future rental growth
- A turnkey investment opportunity combining secure income, strong yields, and clear potential to increase returns through reconfiguration and asset management
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Description
The property is a freehold mid-terrace six-bedroom student HMO located on Richmond Road in Lincoln, situated in a well-established and highly sought-after student area near the University of Lincoln. It comprises six well-proportioned, fully furnished bedrooms, communal living and kitchen spaces, and a spare room with potential to create a compliant seventh lettable bedroom with internal reconfiguration. The property has an Energy Performance Certificate rating of D and benefits from a large, monthly gross income of £2,750, equivalent to £33,000 per annum, including bills.