Portland Street, Lincoln, Lincolnshire, LN5
- PROPERTY TYPE
Terraced
- BEDROOMS
6
- BATHROOMS
3
- SIZE
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- 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
- 6 bed and 2 bathrooms with 1 toilet split over two floors
- Currently vacant but previously rented to students for £32,834pa producing a gross yield of 12%
- Has a full HMO licence in place and a Certificate of Lawfulness in place
- Modern communal lounge/lounge and finishes throughout
- Fantastic location for students
- HMO managing agent in place
Description
Asking Price: £275,000
Fully Licensed 6-Bed HMO | Certificate of Lawfulness | Prime Student Location
Investment Overview
Welcome to 104 Portland Street, a fully compliant and high-yielding 6-bedroom licensed HMO located in the heart of Lincoln's thriving student quarter. With a Certificate of Lawfulness in place and a Full HMO Licence, this property offers a ready-to-go investment opportunity with strong rental demand all year round.
Perfectly positioned just a short walk from the University of Lincoln, this modern and well-maintained property is a proven favourite among students seeking convenience, comfort, and a sociable living environment.
Please note the landlord has the property vacant as they missed this years students due to trying to sell the property. The property (if placing students in) would house students from the August 2026 period.
Property Highlights
Fully Licensed HMO - 6 bedrooms, 3 bathrooms
Certificate of Lawfulness - compliant and secure investment
Fully furnished throughout - move-in ready for tenants
Modern communal lounge and well-equipped kitchen
Strong rental history with current rates up to £115 per week per room
Vacant possession - ready for immediate letting
Room Schedule & Current Rental Potential (2026 Rates)
Room Size (approx.) Weekly Rent
Bedroom 1 3.70m x 3.50m £105.24
Bedroom 2 3.00m x 2.60m £105.24
Bedroom 3 3.70m x 2.10m £105.24
Bedroom 4 3.70m x 2.30m £105.24
Bedroom 5 2.80m x 2.90m £105.24
Bedroom 6 3.20m x 2.60m £105.24
Gross Potential Annual Income:
£635/week × 52 weeks = £32,834 p.a.
Indicative Gross Yield: 12.0%
Outgoing Costs: £5,500 per annum
Net Income: £27,334
Net Yield: 10%
Investor Returns
Lincoln continues to be one of the most consistent student rental markets in the East Midlands, with low vacancy rates, high demand, and steady year-on-year rental growth.
This property's turnkey condition and full compliance make it ideal for both experienced HMO investors and new entrants seeking hands-off income generation. With strong yields, minimal voids, and a student market projected to remain robust, 104 Portland Street offers exceptional returns and long-term capital growth potential.
Why Invest in Lincoln
Growing University Population - The University of Lincoln attracts over 18,000 students annually, driving consistent rental demand.
Central Location - Close to city amenities, train station, and university campus.
Stable Rental Yields - Lincoln regularly achieves 8-12% HMO yields, outperforming many UK cities.
Low Maintenance Investment - Modern finish and fully furnished interior reduce maintenance costs.
Upsell: Loughborough Connection
For investors with wider portfolios or expansion ambitions, Loughborough represents another outstanding student rental hotspot in the East Midlands.
Home to the UK's top-ranked Loughborough University, the town has some of the highest student occupancy rates in the country and premium rental prices. Combining an investment in Lincoln with one in Loughborough creates diversification across two of the region's most resilient student markets - offering both cash flow security and long-term capital appreciation.
Summary
104 Portland Street, Lincoln
Fully Licensed 6-Bed HMO
Certificate of Lawfulness
Proven Student Rental Location
£33,000+ Annual Income Potential
£275,000 Asking Price
Strong 12% Gross Yield
- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Portland Street, Lincoln, Lincolnshire, LN5
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