West Parade, Lincoln, LN1

We are pleased to present a prime HMO investment opportunity on West Parade, Lincoln - a fully converted building comprising three high-yield, modern apartments.

This HMO property is arranged as follows: Flat 1 - 2 bedrooms, 1 bathroom; Flat 2 - 3 bedrooms, 3 bathrooms; Flat 3 - 3 bedrooms, 3 bathrooms.

This ready-made investment offers a total of 8 rentable bedrooms with 6 en-suites and 1 bathroom each designed to a high standard with strong tenant appeal. With demand for quality shared accommodation remaining high in Lincoln, this property represents an excellent opportunity for investors seeking strong rental returns and long-term capital growth.

Based on 75% LTV with a 6% interest rate and taking buying costs into account (including the buyers fee) the projected cashflow of £1,386.34 per month, yield of 14.1% and ROI of 10.9% presents a strong investment proposition especially when coupled with the excellent condition of the property.

n exceptional opportunity to acquire a stunning building block comprising three self-contained apartments, each meticulously designed to offer a homely and inviting atmosphere. Situated in the highly sought-after West End, this property benefits from an enviable location close to stylish bistros, vibrant bars, and an array of local amenities, ensuring strong tenant demand.

The generously proportioned bedrooms are adorned with plush carpeting, creating a cosy and comfortable retreat, while the contemporary bathrooms feature high-quality tiling, seamlessly blending style with practicality.

The white walls and neutral décor provide a timeless and versatile aesthetic, crafted to appeal to a discerning and diverse tenant demographic. This refined finish, combined with thoughtful design, underpins excellent potential for attracting premium renters and securing long-term capital appreciation.

Spacious, well-configured kitchens and living areas provide ideal settings for both relaxation and entertaining. Each kitchen boasts a sleek, modern design complete with ample workspace, integrated appliances including induction hob, oven, and fridge/freezers, delivering a highly functional culinary environment.

Safety and compliance are paramount, with all apartments fully aligned to current fire safety regulations, including professionally installed fire alarm systems and kitchen fire blankets, providing landlords and tenants with added peace of mind.

Bedrooms are furnished to a high standard, featuring window dressings, desks and chairs, practical shelving and comfortable double beds. The abundance of natural light and neutral colour scheme cultivate a bright and welcoming ambiance that enhances tenant satisfaction and retention.

This investment presents an attractive proposition for landlords, whilst ensuring immediate rental yield potential. The property's location support robust occupancy rates all year round.

Bathrooms are intelligently designed with a focus on durability and style, featuring quality tiled flooring, contemporary showers with low-maintenance wall panels.

The current owner holds a valid HMO licence for the property, confirming full compliance with all regulatory requirements. Please note, HMO licences are valid for five years and are non-transferable, and tied to the individual, not the property. Therefore, a new licence must be obtained upon change of ownership.

Don't miss the opportunity to view this impressive investment property. Book a viewing today to discover the full potential of West Parade - offering strong cashflow and yields in a city renowned for its rich history and stunning architecture.

To view the comprehensive brochure, please sign up to our Investors Clubhouse by visiting the REALM 47 website.

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)