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Foster Street, Lincoln, LN5 6 bed terraced house for sale
Foster Street, Lincoln, LN5
£280,000
Foster Street, Lincoln, LN5
£280,000
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 in Lincoln is a rare opportunity for landlords seeking strong returns. Situated close to the city centre and university, the property is currently let to four tenants and generates £17,400 per annum. With its modern kitchen, communal living room, and six well-proportioned bedrooms, the property offers clear potential to reach full occupancy and achieve £30,000 or more in gross annual income. The property has been exceptionally well maintained, retaining period charm in its entrance hallway, and features gas central heating, double glazing, and full HMO compliance. The enclosed rear yard provides a low-maintenance space for tenants to enjoy, making this a highly attractive investment in Lincoln's consistently strong rental market.