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

Drake Street, Lincoln, LN1 1PP - 1 views - 2 months ago
  1. Deal Search
  2. Lincoln
  3. LN1
  4. LN1 1PP
Sold STC
HMO
Inside Article 4
ROI: 20%
68 m²

ValuationUndervalued

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 £140,000

October 29, 2025

Sold for £127,450

2014

Sold for £120,000

2008

Sold for £96,000

2006

Floor Plans

Description

  • Three-bedroom mid-terrace property +
  • Operated as a licensed HMO – projected income of £21,060 per annum +
  • Spacious living room with modern décor and wood-effect flooring +
  • Contemporary fitted kitchen with integrated oven and ample storage +
  • Three well-proportioned double bedrooms +
  • Bright first-floor bathroom with white three-piece suite +
  • Low-maintenance rear yard +
  • On-street parking to the front +
  • Popular location close to the university and city amenities +
  • Ideal turnkey investment opportunity for landlords +

Lovelle are delighted to bring to market this well-presented three-bedroom terraced property, currently operated as a student HMO and generating an excellent projected annual income of £21,060 for the forthcoming academic year. The ground floor features a welcoming living room with stylish décor and wood-effect flooring, offering a comfortable communal space. The modern kitchen is fitted with a range of base and wall units, tiled splashbacks, and integrated appliances, providing both functionality and charm. Completing the ground floor is a generously sized bedroom. Upstairs, the property offers two further double bedrooms, both light and spacious, along with a bright family bathroom fitted with a white three-piece suite and shower over bath. Externally, the home benefits from a low-maintenance rear yard and on-street parking to the front. Located in a popular residential area close to local amenities, transport links, and the university campus, this property represents an ideal turnkey investment opportunity for landlords seeking strong rental yields in a sought-after student area. EPC rating: D. Tenure: Freehold,

Agent Details

Lovelle Estate Agency, Lincoln

01522 303933

Next Steps?

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

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Cashflows

AI score: 95/100. Please verify calculations.

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