3-bedroom terraced house · LN1 1TE
For saleListed 15 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented three bedroom mid-terraced property situated in a popular and convenient location of the estate End of Lincoln, within close proximity to Lincoln University and Lincoln City Centre.
The property is a licensed HMO with four letting rooms and has a proven and established history of successful student letting history throughout the current owners’ 15 years of ownership.
It is offered for sale with vacant possession, providing an excellent opportunity for an investor to acquire a ready-to-let HMO investment.
Alternatively, the property is being sold with vacant possession therefore is an ideal opportunity for a First Time Buyer to acquire a three bedroom house close to the City Centre.
The accommodation is well maintained and comprises two reception rooms, a fitted kitchen and a downstairs shower room, with three bedrooms arranged over the upper floors.
The property is being sold fully furnished and is presented in good condition throughout, allowing a prospective purchaser to continue the existing student letting model with minimal initial expenditure.
Externally, the property benefits from a rear garden, together with a useful storage outhouse to the rear.
The combination of its established student letting history, existing HMO licence, proximity to Lincoln University and the City Centre, and vacant possession makes this an attractive investment opportunity for both experienced HMO landlords and those looking to enter the student rental market and First Time Buyers alike.
Kitchen (2.72m x 1.77m (8'11" x 5'10")) With fitted lvt flooring, fitted wall and floor kitchen units with work surface over, gas hob with extractor hood above, electric oven, stainless steel sink with mixer tap over and drainer, fridge/freezer, microwave and washing machine.
With ceiling light fitting, tiled splash back, Velux window and double glazed UPVC French doors leading to rear garden. Access to shower room.
Lounge/Diner (3.35m x 3.54m (11'0" x 11'7")) With fitted lvt flooring, ceiling light fitting, radiator and currently furnished with L shape sofa bed, table with four chairs, wall mounted TV, lamp and wall mounted mirror.
Access through to kitchen Lounge/Bedroom 4 (3.32m x 3.54m (10'11" x 11'7")) Situated to the ground floor to the front of the property with carpet flooring, radiator, UPVC double glazed window to front, ceiling light fitting, radiator and currently furnished with double bed, chest of drawers, wardrobe, desk and bedside cabinet.
Shower Room (2.72m x 1.67m (8'11" x 5'6")) With fitted vinyl flooring, light fitting, extractor fan, corner shower with wall mounted mains shower.
Wash hand basin with splash back, WC, frosted UPVC double glazed window to rear, cupboard housing gas boiler, radiator and Velux window.
Bedroom 1 (2.46m x 3.61m (8'1" x 11'10")) With carpet flooring as laid, ceiling light fitting, radiator and uvpc double glazed window to the rear of the property.
Currently furnished with double bed, chest of drawers, desk, wardrobe and bedside table.
Bedroom 2 (5.36m x 2.13m (17'7" x 7'0")) With carpet flooring, ceiling light fitting, UPVC double glazed window to the front of the property and radiator.
Currently furnished with double bed, chest of drawers, bedside cabinet, desk and wardrobe.
Bedroom 3 (3.40m x 2.23m (11'2" x 7'4")) With carpet flooring, ceiling light fitting, UPVC double glazed window to the front of the property, radiator and access to loft.
Currently furnished with double bed, desk, chest of drawers, wardrobe and desk chair.
Landing (1.86m x 2.23m (6'1" x 7'4")) With carpet flooring, two ceiling light fittings and access to all first floor rooms.
Outside With low maintenance rear garden laid with gravel and paving and accessed from kitchen and shared alleyway from the front of the property. With storage shed/outhouse to the rear.
Services All mains services Gas Central Heating UPVC Double Glazed Windows throughout HMO License - 4 Lettings Rooms, fully furnished Sold Vacant Possession No Onward Chain EPC Rating C Council Tax Band A
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 16, Harvey Street, Lincoln
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