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This property was removed from Dealsourcr.

4 Bed HMO, Lincoln, LN1 1QD £230,000

Newland Street West, Lincoln, LN1 1QD - 1 views - 8 months ago
  1. Deal Search
  2. Lincoln
  3. LN1
  4. LN1 1QD
Sold STC
HMO
ROI: 7%
~136 m²

ValuationUndervalued

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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 £230,000

June 28, 2025

Listed for £240,000

April 30, 2025

Floor Plans

Description

  • Ideal as either a four-bedroom family home or a licensed five-bedroom HMO. +
  • HMO Licence – Valid until 18th November 2025, offering potential for continued rental income. +
  • Four bedrooms, lounge, dining room, kitchen, and upstairs shower room. +
  • Private Courtyard Garden – Provides a relaxing outdoor space with access to an outbuilding +
  • Prime West End Location – Walking distance to Lincoln city centre and University of Lincoln. +
  • Excellent Transport Links – Easy access to the A46 bypass for quick connections to surrounding areas +
  • Proximity to Green Spaces – Close to West Common and scenic walks along the Fossdyke Canal. +
  • Investment Potential – Neighbouring property available by separate negotiation, offering further de +
  • Council Tax Band - A (Lincoln City Council) +
  • EPC Energy Rating - D +

Four Bedroom Home or Licensed HMO - Vacant Possession July 2025 - Situated in the ever-popular West End of Lincoln, this versatile property is ideal for buyers seeking a spacious home or those looking to continue its use as a licensed House in Multiple Occupation (HMO). Currently let until 19th July 2025, the property generates £25,000 for the 2024/25 academic year and will be sold with vacant possession, offering flexibility for both homeowners and investors. The well-balanced layout suits both uses, offering a four-bedroom home with a lounge, dining room, kitchen, ground floor bathroom and upstairs shower room. If used as a five-bedroom HMO, the lounge becomes bedroom five and the dining room serves as the communal living space. To the rear, there is a private courtyard garden leading to a generous brick and tile outbuilding (see floorplan), which could offer potential for further development or conversion (subject to planning). The property is within easy walking distance of Lincoln city centre and just a short stroll from the beautiful open spaces of West Common and scenic walks along the Fossdyke Canal. There is also easy access to the A46 Bypass, making it convenient for commuters. The existing HMO licence is valid until 18th November 2025, providing a compliant setup for landlords. The neighbouring property, 105 Newland Street West, is also under the same ownership and may be available by separate negotiation, offering scope for a wider investment or development project. 

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. 

HALL  

LOUNGE / BEDROOM 11' 4" x 11' 2" (3.45m x 3.4m)  

DINING ROOM / COMMUNAL ROOM 12' 8" x 11' 4" (3.86m x 3.45m)  

KITCHEN 17' 5" x 6' 1" (5.31m x 1.85m)  

BATHROOM 7' 8" x 6' 1" (2.34m x 1.85m)  

FIRST FLOOR LANDING  

BEDROOM 11' 4" x 10' 7" (3.45m x 3.23m)  

BEDROOM 11' 3" x 8' 1" (3.43m x 2.46m)  

BEDROOM 12' 10" x 11' 9" (3.91m x 3.58m)  

BEDROOM 12' 11" x 6' 8" (3.94m x 2.03m)  

OUTBUILDING 21' 11" x 12' 2" (6.68m x 3.71m)

Agent Details

Mundys, Lincoln

01522 459939

Next Steps?

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

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