2-bedroom terraced house · LN2 5BH
Sold STCListed 207 days
Opportunity summary
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About
Fully let student investment with income secured until the end of the 2026/27 academic year.
A two bedroom mid terraced HMO property arranged to provide two lettable rooms, offering a strong income-producing investment and located in a popular location off Monks Road.
The accommodation comprises of a lounge, dining room, kitchen, bathroom and two double bedrooms.
LOCATION The historic Cathedral and University City of Lincoln has the usual High Street shops and department stores, plus banking and allied facilities, multiplex cinema, Marina and Art Gallery.
The famous Steep Hill leads to the Uphill area of Lincoln and the Bailgate, with its quaint boutiques and bistros, the Castle, Cathedral and renowned Lincoln Bishop University.
HMO INVESTMENT Fully let HMO investment Tenancy secured until end of academic year 2026/27 Fully managed Income: - 2025/26: £13,260 per annum (10.61% yield based on asking price) - 2026/27: £14,280 per annum (11.42% yield based on asking price) LOUNGE 11' 10" x 11' 7" (3.61m x 3.53m) Front facing reception room accessed via UPVC door with window and radiator.
HALLWAY With access to both reception rooms and stairs rising to the first floor landing. DINING ROOM 15' 2" x 11' 7" (4.62m x 3.53m) With window, radiator and understairs storage cupboard.
KITCHEN 17' 6" x 5' 10" (5.33m x 1.78m) Fitted with a range of wall and base units, gas hob, electric oven, stainless steel sink with mixer tap, tiled flooring and wall mounted combi boiler.
REAR LOBBY With tiled flooring and access to the rear yard.
BATHROOM Fitted with a three piece suite comprising bath with mains shower over, WC and wash hand basin, towel radiator, tiled flooring, extractor and frosted window.
FIRST FLOOR LANDING Providing access to two double bedrooms. BEDROOM 1 14' 10" x 11' 7" (4.52m x 3.53m) With window, radiator and overstairs storage cupboard.
BEDROOM 2 12' 1" x 11' 7" (3.68m x 3.53m) With window and radiator OUTSIDE Low maintenance rear yard and on street permit parking is available to the front.
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
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