£200,000
4 bed terraced house for saleEly Street, Lincoln LN1
4 beds
1 bath
1 reception
EPC Rating: D
Freehold
About this property
Ideal Turnkey Investment
Spacious 4-Bedroom HMO
Projected Annual Income of £24,960
Potential 12.48% Gross Yield
Popular West End Location
Three Storeys of Well-Presented Accommodation
Modern Kitchen & Bathroom
Low-Maintenance Courtyard Garden
Tenure: Freehold
EPC: D
Lovelle are delighted to offer this well-presented four-bedroom HMO property, ideally situated in the highly sought-after West End area of Lincoln. Spanning three floors and offering spacious accommodation throughout, this property represents an outstanding investment opportunity for those looking to acquire a ready-made, income-generating asset in one of the city’s most popular rental locations.
The property is currently fully let and is advertised for the next academic year, when it is expected to generate a gross annual income of £24,960, equating to a potential 12.48% gross yield.
To the ground floor, there is a welcoming living room providing a comfortable communal space, a modern fitted kitchen with ample storage and worktop space, a three-piece bathroom suite with both a bath and separate shower, and a double bedroom.
The first floor offers two generously sized double bedrooms, while the second floor hosts a further large double bedroom, completing this well-balanced layout.
Outside, there is a low-maintenance rear courtyard with decking and a covered seating area, perfect for outdoor relaxation.
Situated within easy reach of Lincoln University, local amenities, and transport links, the property is perfectly placed for students and young professionals alike.
EPC rating: D.
Living Room (3.74m x 3.31m (12'3" x 10'10"))
Bright and welcoming communal area with space for seating and dining.
Kitchen (3.86m x 2.03m (12'8" x 6'8"))
Modern galley-style kitchen fitted with base and wall units, worktops, integrated oven and hob, and access to the rear courtyard.
Bathroom (2.7m x 2.04m (8'10" x 6'8"))
Contemporary three-piece suite including bath, separate shower cubicle, wash basin, and WC.
Bedroom One (3.7m x 3.35m (12'2" x 11'0"))
Spacious double room located at the front of the property.
Bedroom Two (3.72m x 3.88m (12'2" x 12'9"))
Large double bedroom with natural light and space for storage and study area.
Bedroom Three (3.76m x 3.26m (12'4" x 10'8"))
Another good-sized double bedroom
Bedroom Four (5.72m x 3.93m (18'9" x 12'11"))
Generous double bedroom with ample floor space
Outside
Low-maintenance outdoor space with decking and a covered seating area, ideal for socialising or relaxing.
The property is currently fully let and is advertised for the next academic year, when it is expected to generate a gross annual income of £24,960, equating to a potential 12.48% gross yield.
To the ground floor, there is a welcoming living room providing a comfortable communal space, a modern fitted kitchen with ample storage and worktop space, a three-piece bathroom suite with both a bath and separate shower, and a double bedroom.
The first floor offers two generously sized double bedrooms, while the second floor hosts a further large double bedroom, completing this well-balanced layout.
Outside, there is a low-maintenance rear courtyard with decking and a covered seating area, perfect for outdoor relaxation.
Situated within easy reach of Lincoln University, local amenities, and transport links, the property is perfectly placed for students and young professionals alike.
EPC rating: D.
Living Room (3.74m x 3.31m (12'3" x 10'10"))
Bright and welcoming communal area with space for seating and dining.
Kitchen (3.86m x 2.03m (12'8" x 6'8"))
Modern galley-style kitchen fitted with base and wall units, worktops, integrated oven and hob, and access to the rear courtyard.
Bathroom (2.7m x 2.04m (8'10" x 6'8"))
Contemporary three-piece suite including bath, separate shower cubicle, wash basin, and WC.
Bedroom One (3.7m x 3.35m (12'2" x 11'0"))
Spacious double room located at the front of the property.
Bedroom Two (3.72m x 3.88m (12'2" x 12'9"))
Large double bedroom with natural light and space for storage and study area.
Bedroom Three (3.76m x 3.26m (12'4" x 10'8"))
Another good-sized double bedroom
Bedroom Four (5.72m x 3.93m (18'9" x 12'11"))
Generous double bedroom with ample floor space
Outside
Low-maintenance outdoor space with decking and a covered seating area, ideal for socialising or relaxing.
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