6-bedroom terraced house · LN1 1LT
Listing removedListed 87 daysAuction 20 Jul · ended
Opportunity summary
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About
Detailed Description An outstanding investment opportunity in the heart of Lincoln's thriving student rental market, this substantial six-bedroom, six-bathroom article 4 compliant HMO offers well-presented accommodation ideally positioned for access to Lincoln University, amenities and transport links.
The property was taken back to brick and extensively refurbished to a very high standard and thoughtfully configured to maximise rental income, with each generously proportioned bedroom benefiting from its own private en-suite bathroom, providing modern and convenient living for student tenants.
A spacious communal kitchen and living area creates an attractive social hub, whilst maintaining the privacy and independence increasingly sought by today's student market.
The property has been consistently let during our clients ownership and the 25/26 yearly rent was £44,880 which ceased on the 20th July 2026.
The property is now for sale with vacant possession to allow the next owner the choice of how they wish to use the property going forward.
Location Enter Lincoln on the A57 Carholme Road and then turn left onto Hewson Road. Then turn right onto West Parade and left onto Hampton Street.
Then turn left onto Richmond Road which leads into Albert Crescent. Finally turn left onto Ely Street and the property is on your left.
Services We understand the property has mains water, electric, gas and main sewer connections. It was also fitted with CAT 5 cabling as part of the refurbishment works.
Other Tenure & Possession Freehold with vacant possession upon completion. Viewing Strictly by appointment with the auctioneers Completion Date 10% deposit and up to 8 weeks for completion.
Auction Bidder Identity Check Prior to bidding on any auction lots we are required to verify the identity of the bidder to comply with The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulation 2017.
We also need to complete the remote bidding registration process as this will be a live stream event only.
Please contact us on or Solicitors Chloe Kelsey Adie Pepperdine 3 The Landings Burton Waters, Lincoln, LN1 2TU chloe. Agent James Mulhall
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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
Agent & docs
FAQ
About Ely Street, Lincoln, Lincolnshire, LN1 1LT
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