Portland Street, Lincoln, LN5
- PROPERTY TYPE
Terraced
- BEDROOMS
5
- BATHROOMS
2
- SIZE
1,087 sq ft
101 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key 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.
Description
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.
EPC Rating: D
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Private garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Portland Street, Lincoln, LN5
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Visit our security centre to find out moreDisclaimer - Property reference 70a5a5fc-c45f-43ac-9294-a43e67d6639f. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Walters, Covering Lincolnshire. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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