Bedford Street, Lincoln, LN1

Presenting an outstanding investment opportunity, this well-maintained and spacious HMO property at Bedford Street offers an ideal prospect for investors seeking a property with strong rental yields in one of Lincoln's most desirable locations.

The property boasts approximately 113m2 / 1,216 ft2 with 5 generously-sized bedrooms, each providing comfortable and private living space for residents. These rooms are designed to suit a variety of tenants, making this home an attractive option for both students and working professionals alike.

Based on 75% LTV with a 5% interest rate and taking buying costs into account (including the buyers fee) the projected cashflow for 2024 / 2025 of £926.87 per month and ROI of 11.7% present a very strong investment proposition.

Welcome to this exceptional and beautifully presented property, offering an abundance of space, natural light, and untapped potential. Upon entering from the ground floor, you'll be greeted by the first of five generously proportioned bedrooms.

As you move through the ground floor, you'll find an expansive communal living area that provides the ideal space for both relaxation and entertainment. The open layout ensures a seamless flow between the living room and the kitchen, which is designed with modern finishes and ample cabinetry-perfect for preparing meals or hosting gatherings around the dining table. The heart of the home is warm, welcoming, and meticulously maintained. The kitchen is fitted with an electric fan oven, ceramic hob, extraction hood, fridge / freezer and washing machine.

Beyond the kitchen is the first of the house bathrooms which is fitted with a corner shower cubicle, basin, vanity unit, wall mounted mirrored cabinet and WC.

On the upper floors, you'll discover additional bedrooms, each of them equally as spacious and light-filled as that on the ground floor. Each is designed to create an atmosphere of comfort, tranquillity and spaciousness, making it the perfect retreat after a long day, or quiet zone for study.

On the second floor lies the second of the two shower rooms which is also well appointed with shower cubicle and mains shower, heated towel rail, basin and vanity unit, wall mounted mirrored cabinet and 1 & 1/2 flush WC.

The property is fitted with a gas combi-boiler and offers gas central heating throughout with radiators in each room as well as double-glazing providing additional warmth.

Externally the plot extends to approximately 0.057 acres, there is a back door from the kitchen, the space is mostly hard surface and offers off street parking and space for tenants to enjoy the Summer months.

One of the most exciting features of this property lies at the rear-a charming coach house that holds incredible potential. Currently a separate structure, it offers the possibility of being converted into additional living spaces, rooms, or even a separate rental unit, subject to the necessary planning permissions. Which could dramatically increasing the property's return on investment. With its ample square footage and private setting, the coach house provides a blank canvas for your ideas, making it an excellent opportunity to expand and add value.

This property presents a solid investment opportunity with significant potential for long term cashflow and returns. Its central location, spacious and well-proportioned accommodation, and proximity to key local amenities make it a highly desirable choice for tenants.

The current owner holds an HMO licence for the property and has confirmed that the property met with all of the conditions of the licence. Please note that while a HMO licence is valid for 5 years, they are not transferrable and follow the person not the property - a new licence is required upon transfer of ownership.

The property sits within an Article 4 area which prevents the conversion of C3 (residential dwellings) into C4 HMO's without planning permission, due to the cap on new supply the demand for these properties has gone up significantly and as such the values are strong. This property was converted prior to the implementation of the A4 and the seller can provide supporting evidence.


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Buyers premium of 3% + VAT - payable in two parts:
- A non-refundable reservation fee of £1,500 plus VAT or 25% + VAT (whichever is higher)
- The balance is due upon legal completion (which is collected and paid by the buyers solicitor)