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5 bedroom house of multiple occupation for sale
Wellington Street, Lincoln, LN1
£220,000
Wellington Street, Lincoln, LN1
£220,000
Our Summary
- Presenting an outstanding investment opportunity, this well-maintained and spacious HMO property offers an ideal prospect for investors seeking a property with strong rental yields in one of Lincoln's most desirable locations
- With its prime location, spacious accommodation, and excellent condition, this property offers exceptional potential for long-term rental income
- The property sits within an Article 4 area which prevents the conversion of C3 (residential dwellings) into C4 HMO's without planning permission
Description
This impressive HMO property in Lincoln offers a fantastic investment opportunity, boasting 5 spacious bedrooms, 1 bathroom, and 1 WC. The property is situated in a desirable location, just a 25-minute walk from Lincoln city centre and within close proximity to the University of Lincoln. The communal living area provides a welcoming space for residents, while the well-appointed kitchen is fully equipped with all necessary appliances. The property is in good condition, with gas central heating throughout, and is licensed for HMO use. With a strong demand for rental properties in the area, this property offers exceptional potential for long-term rental income. While some refurbishments and decoration may be necessary to update the interior, the property's prime location and spacious accommodation make it a rare opportunity for investors seeking a profitable HMO property.