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4 Bed HMO, Lincoln, LN1 1LY £210,000

196 West Parade, Lincolnshire, LN1 1LY - 5 months ago
  1. Deal Search
  2. Lincoln
  3. LN1
  4. LN1 1LY
Sold STC
HMO
Planning
Inside Article 4
ROI: 3%
~99 m²

ValuationFair Value

AI score: 95/100. Please verify valuations.

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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

Listed for £210,000

July 29, 2025

Sold for £136,000

2006

Sold for £141,500

2003

Floor Plans

Description

  • Substantial four-bedroom HMO +
  • No Onward Chain +
  • Located in West End student district +
  • Currently achieving £23,736 p.a. gross income +
  • Approx 11.3% Gross Yield +
  • Potential to reconfigure/add rooms (STPP) +
  • Spacious 20′ kitchen and 13′ lounge +
  • Recently refurbished modern shower room +
  • Generous enclosed rear garden +
  • Short walk to University and city centre +

FOUR-BEDROOM WEST END HMO — WALKING DISTANCE TO LINCOLN UNIVERSITY

NO ONWARD CHAIN

Kinetic Estate Agents are delighted to bring to market this substantial four-bedroom house of multiple occupancy (HMO), ideally located in Lincoln’s ever-popular West End student area. Just a short walk from the University of Lincoln campus and the vibrant city centre, this property offers an excellent opportunity for investors looking for a ready-made, income-generating asset with further scope for enhancement.

Currently configured as a four-bedroom HMO, the property achieves a strong gross rental income of £23,736 per annum, representing an approximate 11.3% gross yield. For investors seeking further potential, the property’s size and layout lend themselves to possible reconfiguration — subject to the necessary consents — to create additional bedrooms or bathrooms, maximising returns.

What Kinetic Estate Agents Loves About This Property “This is a great turnkey investment in the heart of Lincoln’s thriving West End.” – Louis Clayton

“There’s so much potential here — with scope to add further bedrooms or bathrooms for even greater yield.” – Matt Wilson

“The size of the kitchen and communal areas really makes this stand out for tenants.” – Jo Foster

“The location speaks for itself — just a short walk from campus and the city’s key amenities.” – Nina Sharpe

“That generous walled garden is a rare and appealing feature for an HMO.” – Rob Webb

What’s Included? Step through the private entrance passage, with door to the rear garden, into a welcoming entrance hallway complete with laminate wood-effect flooring, radiator, and useful understairs WC — practical for a shared property.

To the front of the ground floor sits Bedroom 4 (4.16m x 4.11m / 13′8″ into bay x 13′6″ max) — a large double bedroom with beautiful bay window, period coving, picture rail, radiator, and laminate flooring.

The Lounge (4.01m x 3.63m / 13′2″ max x 11′11″) serves as the shared communal living space, with laminate flooring and radiator, providing a comfortable area for tenants to relax and socialise.

At the rear of the property is the impressive Kitchen (6.09m x 2.21m / 20′0″ x 7′3″) — a generous and functional space fitted with ample wall and base units, stainless steel sink with mixer tap, built-in double oven, gas hob with extractor, ceramic tiled flooring, and plenty of room for additional appliances. Dual-aspect windows ensure plenty of natural light, and a uPVC door leads directly out to the garden.

Upstairs, the first-floor landing provides access to three further bedrooms, with enough width and head height for a future loft conversion if desired (subject to the relevant consents).

The bedrooms comprise: Bedroom 1 (4.01m x 3.65m / 13′2″ max x 12′0″) — a bright, spacious double room to the front with radiator. Bedroom 2 — a comfortable double room with radiator. Bedroom 3 (3.25m x 2.69m / 10′8″ x 8′10″ min) — a well-proportioned rear double room with radiator. The recently refurbished shower room is modern and appealing, comprising a double-width tiled shower cubicle with mains-fed rainfall shower and additional handheld attachment, WC, vanity basin with storage below, heated towel rail, extractor fan, wood-effect vinyl flooring, and built-in shelving.

Outside, To the rear, the garden is a real bonus for an HMO property — generous in size, enclosed by brick walling, and laid mostly to gravel for ease of maintenance, with a patio area for seating or outdoor dining.

Life at West Parade, Lincoln West Parade sits at the heart of Lincoln’s vibrant West End student district — one of the most sought-after rental locations in the city. Just a few minutes’ walk from the University of Lincoln, the bustling High Street, and Brayford Waterfront, this location attracts strong and consistent tenant demand. Nearby, residents enjoy a wide choice of local shops, cafés, and pubs, as well as easy access to Lincoln’s excellent rail and bus services. The area’s popularity ensures strong occupancy rates and a thriving rental market year after year.

Material Information Part A – Key Facts Tenure: Freehold Council Tax Band: B (City of Lincoln Council) Broadband & Mobile Coverage: Superfast broadband available; good mobile coverage Tenants Details: Room 1 tenanted until 14/01/26 Room 2 tenanted until 07/02/26 Room 3 tenanted until 19/09/26 Room 4 tenanted until 13/12/25

Part B – Utilities and Services Electricity Supply: Mains Water Supply: Mains Drainage: Mains Heating: Gas central heating Glazing: uPVC double glazing Parking: On-street parking (permit scheme applies) Construction Type: Brick under tiled roof (traditional build) Flood Risk: Very low (Environment Agency mapping) EPC Rating: E

Part C – Other Relevant Factors Rights & Easements: None known Covenants: No known restrictive covenants Planning Permissions: No applications currently affecting the property Accessibility: Multi-level property; standard thresholds and stairs to first floor Mining/Environmental Issues: No known risks Alterations: Configured for use as an HMO

These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.

Agent Details

Kinetic Estate Agents Limited, Lincoln

01522 303417

Next Steps?

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

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Investment Opportunity

AI score: 95/100. Please verify calculations.

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