4-bedroom terraced house · LN5 7QR
For saleListed 44 days
Opportunity summary
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About
Starkey&Brown are delighted to offer for sale with no onward chain this immaculate four-bedroom HMO property situated in a city centre location.
The property is currently tenanted for the 2026/2027 educational year to three students, each renting a room at £115 per week over a 51-week contract.
This generates a total annual rental income of £17,595, representing an annual gross yield of 10.35% based on the asking price.
Maintained in immaculate condition throughout, the property sits in a highly desirable location close to everything Lincoln city centre has to offer.
Most importantly for student lets, it sits within a short 10-minute walk to the University of Lincoln, making it a popular choice for tenants.
For further details or to arrange a viewing request, please contact Starkey & Brown. Council tax band: A. Freehold.
Entrance Hall The property is approached via a shared side passageway leading to a private front door entry on the side aspect.
The welcoming entrance hall provides direct access into Bedroom One and continues through into the main communal living room.
Bedroom 1 (12' 7'' x 11' 0'' (3.83m x 3.35m)) Located on the ground floor, this spacious double bedroom features a uPVC double-glazed window to the front aspect, a single radiator, and a coved ceiling.
Living Room (12' 1'' x 12' 0'' (3.68m x 3.65m)) A comfortable communal living space featuring a uPVC double-glazed window looking out to the rear aspect.
The room includes a single radiator and a practical understairs storage cupboard, which houses the meters and the consumer unit. From here, an opening leads directly into the kitchen.
Kitchen (5' 10'' x 9' 3'' (1.78m x 2.82m)) The kitchen is fitted with a matching range of wall and base units overlaid with counter worktops.
It includes a four-ring hob with an extractor hood over and an integrated oven below, alongside ample space and plumbing for white goods.
The space is filled with natural light via a uPVC double-glazed window to the side aspect, while a uPVC double-glazed door leads out to the side, giving access to the rear garden.
Bathroom (8' 3'' x 6' 0'' (2.51m x 1.83m)) Accessed via the kitchen, this neatly presented bathroom features a three-piece suite comprising a panelled bath with a shower head attachment over, a low-level WC, and a vanity wash hand basin with integrated storage.
The room is completed by a single radiator, a uPVC double-glazed window to the side aspect, and a built-in cupboard housing the gas central heating boiler.
First Floor Landing Stairs rise from the ground floor to a first-floor landing, which provides independent access to the three remaining bedrooms.
Bedroom 2 (13' 9'' min x 7' 9'' (4.19m x 2.36m)) A well-proportioned bedroom featuring a uPVC double-glazed window to the front aspect and a single radiator.
Bedroom 3 (8' 11'' x 12' 2'' (2.72m x 3.71m)) Another spacious bedroom including a uPVC double-glazed window overlooking the rear aspect and a single radiator.
Bedroom 4 (8' 1'' x 11' 11'' (2.46m x 3.63m)) The final bedroom is equipped with a uPVC double-glazed window to the front aspect and a single radiator.
Outside Rear To the rear of the property is a fully enclosed, low-maintenance courtyard garden, which offers a private outdoor space and access to a secure, brick-built outbuilding ideal for storage.
Outside Front The front of the property features a neat dwarf wall perimeter and offers access to the shared side passageway, which leads round to the main entrance door.
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
Agent & docs
FAQ
About 22, Vernon Street, Lincoln
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