5 bed terraced house for sale

Richmond Road, Lincoln LN1

Investment opportunity – 5 bedroom HMO - An excellent investment opportunity to purchase a five bedroom mid-terraced house, currently let on a multi-room basis with tenants in place until July 2026. The property generates an income of approximately £31,750 per annum (including bills), offering a gross yield of 10.95%. Situated just a short walk from Lincoln University and the City Centre, the property has accommodation briefly comprising of Entrance Hall, a Communal Lounge, spacious Kitchen/Dining Room, rear Lobby, two Shower Rooms, separate WC, and five Bedrooms. Outside there is an enclosed low maintenance rear garden.

Investment opportunity – 5 bedroom HMO - An excellent investment opportunity to purchase a five bedroom mid-terraced house, currently let on a multi-room basis with tenants in place until July 2026. The property generates an income of approximately £31,750 per annum (including bills), offering a gross yield of 10.95%. Situated just a short walk from Lincoln University and the City Centre, the property has accommodation briefly comprising of Entrance Hall, a Communal Lounge, spacious Kitchen/Dining Room, rear Lobby, two Shower Rooms, separate WC, and five Bedrooms. Outside there is an enclosed low maintenance rear garden.

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 With staircase to the first floor, under stairs storage cupboard, laminate flooring and radiator.

Lounge 12' 8" x 12' 2" (3.87m x 3.72m) With double glazed bay window to the front aspect and radiator.

Kitchen/diner 23' 1" x 9' 11" (7.06m x 3.03m) Fitted with a range of wall and base units with work surfaces over, electric oven and hob with extractor fan, stainless steel sink with side drainer and mixer tap, space for washing machine, tumble dryer, two fridges and two freezers, tiled splashbacks, two double glazed windows to the side aspect and radiator.

Rear porch With door to the garden.

Shower room With shower cubicle, pedestal wash hand basin and wall mounted gas fired central heating boiler, radiator and window.

Separate WC With close coupled WC, wall mounted wash handbasin and window to the side aspect.

Bedroom 1 13' 3" x 10' 9" (4.04m x 3.30m) With double glazed window to the rear aspect and radiator.

First floor landing With staircase to the second floor.

Bedroom 2 15' 9" x 10' 1" (4.82m x 3.08m) With double glazed window to the rear aspect, fitted wardrobe and radiator.

Bedroom 3 13' 1" x 10' 6" (4.00m x 3.22m) With double glazed window to the rear aspect and radiator.

Bedroom 4 12' 1" x 10' 6" (3.69m x 3.22m) With double glazed window to the front aspect and radiator

study 6' 6" x 6' 2" (2.00m x 1.90m) With double glazed window to the front aspect, under stairs storage cupboard and radiator

shower room With shower cubicle, pedestal wash hand basin and close coupled WC, tiled splashbacks, radiator and double glazed window to the side aspect.

Second floor landing

bedroom 5 16' 10 (max)" x 15' 9 (max)" (5.13m x 4.8m) With two Velux windows and radiator.

Outside To the front of the property is a paved garden behind low level wall. To the rear of the property is an enclosed low maintenance garden.