Percy Street, Lincoln

This spacious six-bedroom property offers an excellent opportunity for investors seeking a strong, income-producing asset in one of Lincoln’s most popular rental locations. Situated on Percy Street, an area well regarded for its appeal to both students and young professionals, the property is currently fully let and generating £1,425 per calendar month (£17,100 per annum). At an asking price of £220,000, this provides an attractive gross yield of approximately 7.8%, making it an ideal ready-made investment.

Importantly, the property is let as a whole under a single tenancy agreement, with the tenants themselves responsible for the payment of utilities and household bills. This arrangement minimises ongoing landlord costs and ensures a straightforward, hassle-free rental income.

The accommodation is arranged over two floors and briefly comprises an entrance hall leading to a comfortable communal lounge and a fitted kitchen with ample storage and preparation space. Also on the ground floor are two good-sized bedrooms, a shower room, and a separate WC. To the first floor, there are four further bedrooms along with an additional shower room, providing well-balanced and practical accommodation for a group let.

Externally, the property enjoys a private, enclosed garden to the front, while on-street parking is available immediately outside.

Percy Street remains one of Lincoln’s most consistently popular rental areas thanks to its convenient access to the city centre, the University of Lincoln, and a wide range of local amenities. With strong demand, a proven rental track record, and minimal landlord overheads, this property represents a secure investment with income from day one, alongside excellent potential for future capital growth.

This is a rare opportunity to secure a high-yielding, low-maintenance investment property in a thriving rental market.