5 bedroom terraced house for sale

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5 bedroom terraced house for sale

Vernon Street, LINCOLN, Lincolnshire, LN5
£120,000

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 in Lincoln offers an excellent investment opportunity, generating immediate rental income and a strong yield potential of around 11.25%. The property is currently tenanted until June 2026 at £1,125 per month and features a welcoming communal living area, spacious kitchen, five good-sized bedrooms, and two bathrooms. With a previous HMO licence history, there is scope for redevelopment or reapplication for multi-let use, subject to local authority approval. Situated in a convenient residential area close to the city centre, university, and local amenities, the property enjoys consistent rental demand from students and young professionals. The property is being sold through the Modern Method of Auction, with a 56-day reservation period, and viewing is highly recommended.