6-bedroom terraced house · LN1 1QS
For saleListed 95 days
Opportunity summary
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About
An excellent opportunity to acquire a fully occupied six-studio House in Multiple Occupation (HMO), situated within one of Lincoln's most convenient rental locations and offering an immediate income-producing investment.
The accommodation is arranged over several floors and comprises six individual studio units, providing a variety of layouts to suit tenant demand.
Several studios benefit from integrated kitchen facilities and private ensuite shower rooms, while others are served by separate kitchens or bathroom facilities, all arranged to maximise the property's rental potential.
The ground floor includes two self-contained studio apartments, each with fitted kitchen facilities and ensuite shower rooms.
To the rear is a further studio with its own separate kitchen and private bathroom.
The upper floors continue the flexible accommodation, including additional studios with ensuite facilities, together with a communal kitchen serving one of the studio rooms, creating a practical and well-established HMO configuration.
The property is currently fully occupied, providing investors with an immediate income stream from day one.
Whilst some cosmetic improvements may further enhance presentation over time, the accommodation is established and functioning successfully as a fully let investment.
West Parade remains one of Lincoln's strongest rental locations, being within easy walking distance of Lincoln city centre, the University of Lincoln, Lincoln Central railway station and the Brayford Waterfront.
A wide range of supermarkets, cafés, restaurants and leisure facilities are all close by, while excellent road links via the A46 and A57 provide convenient access across the city and beyond.
With consistently strong demand for rental accommodation in this area from students, professionals and key workers, this represents an outstanding opportunity for both experienced landlords and investors seeking to expand their portfolio with an income-generating asset.
Hall Studio One 14'0" x 12'2" (4.27m x 3.71m) Studio Two 13'11" x 12'5" (4.26m x 3.79m) Rear Porch Studio Three 12'0" x 10'5" (3.68m x 3.20m) Kitchen 1 9'10" x 7'2" (3.01m x 2.20m) Kitchen 2 9'3" x 5'5" (2.83m x 1.66m) Shower Room 1 Shower Room 2 Shower Room 3 Shower Room 4 Shower Room 5 First Floor Landing Studio Four 12'5" x 12'2" (3.79m x 3.73m) Studio Five 12'5" x 12'2" (3.79m x 3.71m) Communal Kitchen 7'6" x 7'2" (2.29m x 2.20m) Studio Six 21'0" x 10'5" (6.41m x 3.20m) Disclaimer haart Estate Agents also offer a professional, ARLA accredited Lettings and Management Service.
If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.
haart Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position.
We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
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.
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