6-bedroom terraced house · LN5 7SB
Listing removedListed 12 daysAuction 23 Apr · ended
Opportunity summary
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About
FOR SALE BY ONLINE AUCTION - A fully tenanted six bedroom, five bathroom HMO let to students producing £35,713.60 per annum.
Description Freehold mid-terrace house 6 bedroom, 5 bathroom HMO Communal kitchen / reception room Fully renovated to a high standard Close to University of Lincoln and the town centre making it a prime rental location Impressive 14.2% yield on guide price Location Situated on the well-connected Monson Street in Lincoln, the property benefits from convenient access via the A15 and A57.Providing direct routes to Lincoln city centre, Lincoln County Hospital, and the University of Lincoln.
Set within a popular residential area, it is close to a range of local amenities including shops, cafs, schools, and parks.
The University of Lincoln is within a short walk of the property, making the location particularly convenient for students and supporting strong rental demand.
Transport links are provided by both Lincoln and Hykeham Rail Stations.
Planning Planning granted through City of Lincoln Council Ref: 2019/0329/FUL (23-04-2019) Change of use from existing Taxi Business (Sui Generis) to six bedroom House in Multiple Occupation (Class C4) and associated external alterations.
HMO Compliance - HMO Licence - EICR - Fire Risk Assessment - Fire Alarm Test Certificate - Gas Safety Certificate Copies of these documents can be found within the legal pack Auctioneer Notes Internal Images Buyers should note that the internal images have been provided by the seller.
These pictures were taken prior to the property being tenanted. The auctioneers have not had the opportunity to view the property prior to marketing the property for auction.
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
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FAQ
About 66 Monson Street, Lincoln, Lincolnshire, LN5 7SB
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