£140,000
3 bed terraced house for saleDrake Street, Lincoln LN1
3 beds
1 bath
1 reception
EPC Rating: D
Freehold
About this property
Three-bedroom mid-terrace property
Operated as a licensed HMO – projected income of £21,060 per annum
Spacious living room with modern décor and wood-effect flooring
Contemporary fitted kitchen with integrated oven and ample storage
Three well-proportioned double bedrooms
Bright first-floor bathroom with white three-piece suite
Low-maintenance rear yard
On-street parking to the front
Popular location close to the university and city amenities
Ideal turnkey investment opportunity for landlords
Lovelle are delighted to bring to market this well-presented three-bedroom terraced property, currently operated as a student HMO and generating an excellent projected annual income of £21,060 for the forthcoming academic year.
The ground floor features a welcoming living room with stylish décor and wood-effect flooring, offering a comfortable communal space. The modern kitchen is fitted with a range of base and wall units, tiled splashbacks, and integrated appliances, providing both functionality and charm. Completing the ground floor is a generously sized bedroom.
Upstairs, the property offers two further double bedrooms, both light and spacious, along with a bright family bathroom fitted with a white three-piece suite and shower over bath.
Externally, the home benefits from a low-maintenance rear yard and on-street parking to the front.
Located in a popular residential area close to local amenities, transport links, and the university campus, this property represents an ideal turnkey investment opportunity for landlords seeking strong rental yields in a sought-after student area.
EPC rating: D.
Living Room (4.13m x 3.62m (13'7" x 11'11"))
A bright and comfortable communal space featuring neutral décor, wood-effect flooring, and access through to the kitchen.
Kitchen (1.94m x 2.93m (6'4" x 9'7"))
Fitted with modern base and wall units, tiled splashbacks, integrated oven and hob, and space for appliances including a washing machine. Window overlooking the rear yard.
Bedroom One (3.83m x 3.47m (12'7" x 11'5"))
A generous ground-floor double bedroom with bay window providing plenty of natural light.
Bedroom Two (4.15m x 3.71m (13'7" x 12'2"))
Large double bedroom situated to the front of the property, neutrally decorated.
Bedroom Three (3.34m x 2.52m (10'11" x 8'3"))
A comfortable double bedroom to the rear.
Bathroom (1.58m x 3.48m (5'2" x 11'5"))
Well-sized family bathroom fitted with a white three-piece suite comprising panelled bath with shower over, pedestal wash basin, and low-level WC.
Outside
Enclosed low-maintenance space, ideal for storage or outdoor seating to the rear. On-street permit parking available.
The ground floor features a welcoming living room with stylish décor and wood-effect flooring, offering a comfortable communal space. The modern kitchen is fitted with a range of base and wall units, tiled splashbacks, and integrated appliances, providing both functionality and charm. Completing the ground floor is a generously sized bedroom.
Upstairs, the property offers two further double bedrooms, both light and spacious, along with a bright family bathroom fitted with a white three-piece suite and shower over bath.
Externally, the home benefits from a low-maintenance rear yard and on-street parking to the front.
Located in a popular residential area close to local amenities, transport links, and the university campus, this property represents an ideal turnkey investment opportunity for landlords seeking strong rental yields in a sought-after student area.
EPC rating: D.
Living Room (4.13m x 3.62m (13'7" x 11'11"))
A bright and comfortable communal space featuring neutral décor, wood-effect flooring, and access through to the kitchen.
Kitchen (1.94m x 2.93m (6'4" x 9'7"))
Fitted with modern base and wall units, tiled splashbacks, integrated oven and hob, and space for appliances including a washing machine. Window overlooking the rear yard.
Bedroom One (3.83m x 3.47m (12'7" x 11'5"))
A generous ground-floor double bedroom with bay window providing plenty of natural light.
Bedroom Two (4.15m x 3.71m (13'7" x 12'2"))
Large double bedroom situated to the front of the property, neutrally decorated.
Bedroom Three (3.34m x 2.52m (10'11" x 8'3"))
A comfortable double bedroom to the rear.
Bathroom (1.58m x 3.48m (5'2" x 11'5"))
Well-sized family bathroom fitted with a white three-piece suite comprising panelled bath with shower over, pedestal wash basin, and low-level WC.
Outside
Enclosed low-maintenance space, ideal for storage or outdoor seating to the rear. On-street permit parking available.
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