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5 bedroom house of multiple occupation for sale
Bedford Street, Lincoln, LN1
£265,000
Bedford Street, Lincoln, LN1
£265,000
Our Summary
- Presenting an outstanding investment opportunity, this well-maintained and spacious HMO property at Bedford Street offers an ideal prospect for investors seeking a property with strong rental yields in one of Lincoln's most desirable locations
- Welcome to this exceptional and beautifully presented property, offering an abundance of space, natural light, and untapped potential
- One of the most exciting features of this property lies at the rear-a charming coach house that holds incredible potential
- Currently a separate structure, it offers the possibility of being converted into additional living spaces, rooms, or even a separate rental unit, subject to the necessary planning permissions
- With its ample square footage and private setting, the coach house provides a blank canvas for your ideas, making it an excellent opportunity to expand and add value
- This property presents a solid investment opportunity with significant potential for long term cashflow and returns
- The property sits within an Article 4 area which prevents the conversion of C3 (residential dwellings) into C4 HMO's without planning permission, due to the cap on new supply the demand for these properties has gone up significantly and as such the values are strong
Description
This impressive HMO property at Bedford Street in Lincoln offers a lucrative investment opportunity with strong rental yields. The spacious property boasts 5 generously-sized bedrooms, each providing comfortable and private living space for residents. The open-plan living area and modern kitchen make it an ideal choice for both students and working professionals. With a projected cashflow of £926.87 per month and ROI of 12% for 2024/2025, this property presents a solid investment proposition. The property also features a charming coach house with potential for conversion into additional living spaces, rooms, or even a separate rental unit, subject to planning permissions. With its central location, proximity to local amenities, and strong demand for HMOs, this property is a highly desirable choice for tenants. The current owner holds an HMO licence, and while a new licence is required upon transfer of ownership, the property's strong value and potential for long-term cashflow make it an attractive investment opportunity.