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5 bedroom terraced house for sale
Vernon Street, Lincoln, Lincolnshire, LN5
£100,000
Vernon Street, Lincoln, Lincolnshire, LN5
£100,000
Our Summary
- An excellent investment opportunity, this five-bedroom end-terrace property offers immediate rental income and strong yield potential
- The property has a previous HMO licence history, offering scope for redevelopment/reapplication for multi-let use (subject to local authority approval)
- This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period")
Description
This five-bedroom end-terrace property is an excellent investment opportunity, offering immediate rental income and strong yield potential. Currently tenanted until June 2026 at £1,125 per month, the property provides a solid gross yield of 11.25%, making it ideal for landlords or investors seeking dependable returns. The property is well laid out and presented throughout, with a spacious communal living area, fitted kitchen, five good-sized bedrooms, and two bathrooms. With a previous HMO licence history, the property offers scope for redevelopment or reapplication for multi-let use, subject to local authority approval. Situated in a convenient residential area close to Lincoln city centre, the University of Lincoln, and local amenities, the property enjoys consistent rental demand from students and young professionals alike. With a ready-made income-generating investment in a high-demand area, this property is an ideal addition to any portfolio.