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3 bed Terraced property

Available
For Sale
Listed Jul 16, 2025
£154,000
Available

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Transaction history

£124,999 Apr 3, 2014
£90,000 Jun 16, 2006

Description

" INVESTMENT OPPORTUNITY 3 BEDROOM HMO An excellent investment opportunity to purchase a three bedroom mid terraced house, currently let on a multi room basis with tenants in place until July 2025. The property generates an income of approximately £17,000 per annum including bills , offering a gross yield of 10.79%. Situated just a short walk from Lincoln University and the City Centre, the property is Article 4 compliant and accredited with Lincoln University. The accommodation briefly comprises a communal lounge, kitchen, utility area, bathroom, and three double bedrooms. Outside, there is a rear yard with an outbuilding.

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 Bishop Grosseteste University.

LOUNGE 12 1" x 10 8" 3.70m x 3.26m With staircase to the first floor, storage cupboard, tiled flooring and radiator.

KITCHEN 10 2" x 8 2" 3.10m x 2.51m With a range of wall, base units and drawers with work surfaces over, electric oven and hob with extractor fan, stainless steel sink with side drainer and mixer tap over, wall mounted gas fired central heating boiler, space for fridge freezer and dishwasher, tiled splash backs, tiled flooring and double glazed window to the side aspect.

UTILITY AREA With storage cupboard, space for washing machine, tiled floor and entrance door.

BATHROOM Fitted with a three piece suite comprising of panelled bath with electric shower over and glass shower screen, close coupled WC and pedestal wash hand basin, tiled flooring, radiator and double glazed window to the side aspect.

BEDROOM 12 1" x 10 8" 3.69m x 3.26m With double glazed window to the front aspect and radiator.

FIRST FLOOR LANDING With double glazed window to the rear aspect.

BEDROOM 12 9" x 12 1" 3.90m x 3.69m With double glazed window to the front aspect, spotlights and radiator.

BEDROOM 12 1" x 7 6" 3.69m x 2.30m With double glazed window to the rear aspect, spotlights and radiator.

OUTSIDE To the rear of the property is an enclosed rear yard with outbuilding.

SERVICES All mains services available. Gas fired central heating."

Mouseprice Data

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Data point Compared to road
Tax band A
71 sqm plot

Property Location

Average Price
Crime
Nearby Schools
The St Faith and St Martin Church of England Junior School Lincoln
0.2mi
University of Lincoln
0.3mi
The St Faith's Church of England Infant and Nursery School Lincoln
0.3mi
Westgate Academy
0.5mi
Lincoln UTC
0.6mi
Nearby Stations
Lincoln Central Station
0.6mi
Hykeham Station
3.3mi
Saxilby Station
5.3mi
Swinderby Station
7.7mi
Metheringham Station
9.2mi
Schools
Stations
On the map
Road view

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