Foster Street, Lincoln, LN5 6 bed terraced house for sale

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Foster Street, Lincoln, LN5 6 bed terraced house for sale

Foster Street, Lincoln, LN5
£274,000

Our Summary

  • Currently let to four tenants and generating £17,400 per annum, the property offers clear potential to reach full occupancy and achieve £30,000 or more in gross annual income, making it a highly attractive investment for landlords seeking strong returns
  • Ideal investment opportunity

Description

This six-bedroom HMO property is situated close to Lincoln city centre and the University, offering an excellent opportunity for investors to acquire a fully licensed and well-maintained property. Currently let to four tenants and generating £17,400 per annum, the property has clear potential to reach full occupancy and achieve £30,000 or more in gross annual income. The property features six well-proportioned bedrooms, a modern kitchen, and a communal living room, as well as two shower rooms and a utility room. The property has been exceptionally well maintained, retaining period charm in the entrance hallway, and has gas central heating, double glazing, and full HMO compliance. The enclosed rear yard provides low-maintenance space for tenants, making this a rare opportunity to purchase a compliant, high-yielding HMO in Lincoln's strong rental market.