dealsourcr
  • Features
  • Pricing
  • Login
LoginTry for Free
‌

‌

‌
‌
‌
‌
‌
‌
‌
‌

‌

‌
‌
‌
‌
‌
‌
‌
‌
‌
‌

‌

‌
‌
‌
‌
‌
‌
‌
‌
‌
‌

‌

‌
‌
‌
‌
‌
‌
‌
‌
‌
‌
dealsourcr
Deals
Deal SearchSaved SearchesSaved DealsAddress Lookup
Tools
Market Research ⭐️Deal AnalyserRightmove LookupRefurb CalculatorNew Build CalculatorStamp Duty Calculator
My Account

Potential 4-Bed HMO, Lincoln, LN1 1PH £140,000

74 Newland Street West, Lincoln, LN1 1PH - a year ago
  1. Deal Search
  2. Lincoln
  3. LN1
  4. LN1 1PH
Sold STC
HMO
Inside Article 4
ROI: 20%
~67 m²

ValuationUndervalued

AI score: 40/100. This may not be accurate, please check manually.

‌
‌
‌
‌
‌
‌
‌
‌
‌
‌

‌

‌

‌
‌
‌
‌
‌
‌
‌
‌
‌
‌

Links

  • More Deals in Lincoln
  • More Deals in LN1
  • More HMO Deals
  • More HMO Deals in Lincoln
  • More HMO Deals in LN1

Property History

Price changed to £140,000

July 26, 2025

Price changed to £145,000

June 4, 2025

Price changed to £154,000

May 15, 2025

Listed for £157,500

February 14, 2025

Sold for £124,999

2014

Sold for £90,000

2006

Floor Plans

Description

  • 3 Bedroomed Article 4 HMO +
  • Accredited with Lincoln University +
  • Tenanted until July 2026 +
  • Approx. £17,000 Gross Income Per Annum (bills included) - Gross Yield of 10.79% +
  • Reception Room +
  • Kitchen & Utility Area +
  • Downstairs Bathroom +
  • Rear Yard +
  • EPC Energy Rating - D +
  • Council Tax Band - A (Lincoln City Council) +

INVESTMENT OPPORTUNITY - 3 BEDROOM HMO - An excellent investment opportunity to purchase a three bedroom mid-terraced house, currently let on a multi-room basis with tenants in place until July 2026. The property generates an income of approximately £17,000 per annum (including bills), offering a gross yield of 10.79%. Situated just a short walk from Lincoln University and the City Centre, the property is Article 4 compliant and accredited with Lincoln University. The accommodation briefly comprises a communal lounge, kitchen, utility area, bathroom, and three double bedrooms. Outside, there is a rear yard with an outbuilding. 

LOCATION The historic Cathedral and University City of Lincoln has the usual High Street shops and department stores, plus banking and allied facilities, multiplex cinema, Marina and Art Gallery. The famous Steep Hill leads to the Uphill area of Lincoln and the Bailgate, with its quaint boutiques and bistros, the Castle, Cathedral and renowned Bishop Grosseteste University. 

LOUNGE 12' 1" x 10' 8" (3.70m x 3.26m) With staircase to the first floor, storage cupboard, tiled flooring and radiator. 

KITCHEN 10' 2" x 8' 2" (3.10m x 2.51m) With a range of wall, base units and drawers with work surfaces over, electric oven and hob with extractor fan, stainless steel sink with side drainer and mixer tap over, wall mounted gas fired central heating boiler, space for fridge freezer and dishwasher, tiled splash-backs, tiled flooring and double glazed window to the side aspect.  

UTILITY AREA With storage cupboard, space for washing machine, tiled floor and entrance door. 

BATHROOM Fitted with a three piece suite comprising of panelled bath with electric shower over and glass shower screen, close coupled WC and pedestal wash hand basin, tiled flooring, radiator and double glazed window to the side aspect. 

BEDROOM 12' 1" x 10' 8" (3.69m x 3.26m) With double glazed window to the front aspect and radiator.  

FIRST FLOOR LANDING With double glazed window to the rear aspect. 

BEDROOM 12' 9" x 12' 1" (3.90m x 3.69m) With double glazed window to the front aspect, spotlights and radiator.  

BEDROOM 12' 1" x 7' 6" (3.69m x 2.30m) With double glazed window to the rear aspect, spotlights and radiator.  

OUTSIDE To the rear of the property is an enclosed rear yard with outbuilding.  

SERVICES All mains services available. Gas fired central heating.

Agent Details

Mundys, Lincoln

01522 459939

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.

‌

‌

‌

‌

‌

‌

‌

‌

‌

‌

‌

‌

‌

‌

‌

‌

Cashflows

AI score: 40/100. This may not be accurate, please check manually.

‌
‌
‌
‌
‌
‌
‌
‌
‌
‌