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6 Bed HMO, Lincoln, LN1 1QP £239,950

Charles Street West, West End, Lincoln, LN1 1QP - 5 views - 8 months ago
  1. Deal Search
  2. Lincoln
  3. LN1
  4. LN1 1QP
HMO
Inside Article 4
ROI: 10%
~112 m²

ValuationUndervalued

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Links

  • More Deals in Lincoln
  • More Deals in LN1
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Property History

Listed for £239,950

April 1, 2025

Floor Plans

Description

  • 6 Bed HMO - 12.5% Gross Yield for 25/26 +
  • Fully Let For 24-25 & 25-26 +
  • 25/26 Rental Income of £30,120 +
  • 12 Month Contract of £2,510pcm +
  • Prime West End Location +
  • Proven Track Record +
  • Completely Licensed +
  • Regular Refurbishments +

Fully let 6 bed HMO property situated in a prime West End position. Having a 48 week contract for the full 24/25 University year, the property achieves an annual income of £27,840 and represents a gross yield of 11.1% at asking price. Having 6 bedrooms rented out, the property has an excellent proven track record of historical tenancies. The property comes with a HMO license and C4 approval, complying with the Article 4 planning conditions. Over the years, the current landlord has had a continued program of refurbishments and upgrades to offer a superb standard of living accommodation to potential tenants. The home boasts 6 bedrooms with 3 bathrooms. These include x2 'annexe rooms' which share a Jack & Jill shower room. For further information and viewing requests, please contact Starkey&Brown. Council tax band: A. Freehold.

Agent Details

Starkey & Brown, Lincoln

020 3879 5805

Next Steps?

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

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