Portland Street, Lincoln, LN5

Lincoln

£230,000 Offers Over

Property features

  • Active HMO Licence: Ready to let with a valid HMO licence, ensuring immediate rental income and compliance with regulations.
  • Prime Location: Situated in the heart of Lincoln city centre, offering excellent access to amenities, transport links, and the University of Lincoln.
  • Five Double Bedrooms: Maximises rental income potential with spacious accommodation for tenants.
  • Shared Reception Area/Lounge: Provides a communal space for tenants to relax and socialise.
  • Fitted Kitchen: Equipped for shared use, catering to the needs of multiple occupants.
  • Rear Communal Courtyard: Offers outdoor space for tenants to enjoy.
  • Investment Opportunity: Ideal for investors seeking a high-yielding HMO property in a prime location.
  • No Onward Chain: Facilitates a quick and straightforward purchase.
  • Vacant Possession: Allows for immediate occupation or re-letting upon completion.
  • Exclusively Listed with Walters: Contact us today to arrange a viewing or discuss this fantastic opportunity further.
Department:
Sales
Reference No.:
25def67e-8902-4684-9992-94de170009c3
Postcode:
LN5 7LB
Type:
House
Availability:
For Sale
Bedrooms:
5
Bathrooms:
2
Receptions:
1
Tenure:
Freehold

Details

This fully licensed 5-bedroom HMO presents an exceptional investment opportunity in the heart of Lincoln. Located within easy reach of the city centre, the University of Lincoln, and a wealth of amenities, this property boasts a remarkable track record, having maintained 100% occupancy for the past seven years with no void periods (except for the current period due to the sale).

The property is arranged over three storeys and comprises five generously sized double bedrooms, a shared reception room providing a comfortable space for tenants to relax, and a well-equipped fitted kitchen ideal for shared living. A communal courtyard to the rear offers a welcome outdoor space. Currently vacant, this property is ready for immediate occupation or re-letting, offering a seamless transition for the new owner.

With a strong rental yield of approximately 10.69% (Gross) - 9.55% (Net), generating an impressive total yearly income of £26,640, this HMO is a lucrative investment. Offered with no onward chain, this property facilitates a swift and straightforward purchase.

Exclusively listed with Walters, this opportunity is not to be missed. Contact us today to arrange a viewing or to discuss this exceptional investment further.

Floor Plans

EPC

Location

Request Further Details

Or arrange a viewing

Blogs

How Long Does It Take to Sell a Home in Lincoln? 7th February News Sales

How Long Does It Take to Sell a Home in Lincoln?

If you’re a homeowner in Lincoln thinking of selling your property, you have probably wondered how long it will take to find a buyer. The timeline for selling a home varies depending on factors such as property type, price, and market conditions. Fortunately, we’ve compiled the latest statistics for 403…

Read More
How Long Does a Property Spend on the Market in Lincoln? 31st January Uncategorised

How Long Does a Property Spend on the Market in Lincoln?

When browsing property portals (Rightmove, Zoopla or On The Market), many people wonder why some Lincoln homes linger on the market far longer than others. It’s easy to assume there’s something wrong – an issue with the property, an inflated asking price, or a lack of interest – but that’s…

Read More
Are We Building Too Many Homes in Lincoln? 17th January News Sales

Are We Building Too Many Homes in Lincoln?

The issue of new housebuilding in the UK stirs strong emotions. Many believe their local areas are turning into construction zones, with too many homes being built, disrupting the character of towns and villages. But is this perception grounded in reality? The Labour government, which came into power in the…

Read More