6 bed terraced house for sale

Richmond Road, Lincoln LN1

An excellent opportunity to acquire a fully let student property in Lincoln’s ever-popular West End, just a short walk from the University of Lincoln and the historic city centre. Generating £37,485 per annum for the 2024/25 academic year, the property delivers a strong gross yield of approximately 10.71%, making it a ready-made investment in a high-demand area. Internally, the accommodation is well arranged and includes an entrance hallway, fitted kitchen, communal lounge, utility room, ground floor shower room with WC and two downstairs lettable bedrooms.

Description An excellent opportunity to acquire a fully let student property in Lincoln's ever-popular West End, just a short walk from the University of Lincoln and the historic city centre. Generating £37,485 per annum for the 2024/25 academic year, the property delivers a strong gross yield of approximately 10.71%, making it a ready-made investment in a high-demand area.

The University of Lincoln continues to see year-on-year growth in student numbers and has established itself as one of the UK's leading modern universities, with a thriving campus located walking distance from the property. The nearby city centre offers a vibrant mix of shops, bars, restaurants, and cultural attractions, further enhancing the property's appeal to students.

Internally the accommodation is well arranged and includes an entrance hallway, fitted kitchen, communal lounge, utility room, ground floor shower room with WC and two downstairs lettable bedrooms. The first floor comprises a landing leading to four further lettable bedrooms and a shared bathroom, providing a total of six student bedrooms.

Outside there is a low-maintenance rear courtyard, ideal for tenant use. The property benefits from all mains services including gas-fired central heating.

With its prime location and strong rental history, this is an ideal purchase for any investor looking to enter or expand within Lincoln's student market.

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.

Hall

bedroom 1 13' 5" x 13' 5" (4.09m x 4.09m)

bedroom 2 13' 1" x 11' 10" (3.99m x 3.61m)

kitchen 20' 8" x 11' 2" (6.3m x 3.4m)

utility room 11' 2" x 6' 11" (3.4m x 2.11m)

WC

shower room 8' 6" x 6' 11" (2.59m x 2.11m)

first floor landing

bedroom 3 12' 10" x 11' 2" (3.91m x 3.4m)

bedroom 4 12' 2" x 9' 8" (3.71m x 2.95m)

bedroom 5 13' 5" x 8' 6" (4.09m x 2.59m)

bedroom 6 13' 5" x 9' 2" (4.09m x 2.79m)

bathroom 8' 7" x 7' 5" (2.62m x 2.26m)