5 bedroom terraced house for sale

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5 bedroom terraced house for sale

Richmond Road, Lincoln LN1
£290,000

Our Summary

  • Investment opportunity – 5 bedroom HMO - An excellent investment opportunity to purchase a five bedroom mid-terraced house, currently let on a multi-room basis with tenants in place until July 2026

Description

This is an excellent investment opportunity to purchase a five-bedroom mid-terraced house in Lincoln, currently generating an income of approximately £31,750 per annum with a gross yield of 10.95%. The property is located just a short walk from Lincoln University and the City Centre, making it a popular choice for students. The property has been converted into a multi-room HMO, with five bedrooms, two shower rooms, and a separate WC. The property also features a spacious kitchen/dining room, communal lounge, and a low-maintenance rear garden. The tenants are in place until July 2026, providing a stable income stream for the investor. With its excellent yield and prime location, this property is an attractive opportunity for those looking to invest in the Lincoln property market.