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Richmond Road, Lincoln

PROPERTY TYPE

Terraced

BEDROOMS

5

BATHROOMS

2

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Floorplan 1
1

Key features

  • High Yield 5 Bed Article 4 HMO | £31,750 Annual Income | Tenanted Until 2027
  • Five Bedroom Article 4 Licensed HMO
  • Fantastic 12% Gross Yield
  • Prime Student Rental Location
  • Walking Distance to University of Lincoln
  • Spacious Communal Lounge
  • Spacious Communal Lounge
  • Large Kitchen/Dining Area for Multiple Occupants
  • Enclosed Low Maintenance Rear Garden
  • EPC RATING C - High for a Property of this Age

Description

High-Yield 5 Bedroom Article 4 HMO Investment | Tenanted Until July 2027 | Approx. £31,750 Annual Income

Positioned within one of Lincoln’s most established student rental areas, this five-bedroom Article 4 HMO presents an excellent opportunity for investors looking for a property with an established income and tenants already in place. The property is currently let on a multi-room basis with tenancies secured until July 2027, generating an approximate gross annual income of £31,750 including bills, equating to a gross yield of approximately 12%. Arranged across three floors, the accommodation provides spacious communal areas alongside five well-proportioned bedrooms and two shower facilities, creating a practical layout for shared living. Externally the property benefits from a low-maintenance enclosed rear garden, while the location places the property within easy reach of Lincoln University, the city centre and the Brayford Waterfront. With its strong rental demand, excellent location and tenants already in situ, this property represents a ready-made investment opportunity in one of Lincoln’s most reliable rental locations.

What Kinetic Estate Agents Love About This Property

Louis Clayton – “The proximity to the University makes this a very attractive investment. Student HMOs in this area consistently perform well.”

Matt Wilson – “The property offers a great balance of communal space and bedrooms, which works really well for shared living.”

Charley Moreton – “A gross yield of 12% combined with tenants secured until 2027 makes this a very appealing turnkey investment.”

Step Inside

The property is accessed via the front entrance door leading into the entrance hallway, which provides access to the ground floor accommodation and staircase rising to the upper floors. The hallway also benefits from a useful under-stairs storage cupboard and radiator heating.

To the front of the property sits the communal lounge (3.87m x 3.72m), a comfortable shared living space featuring a bay window to the front aspect which allows plenty of natural light into the room. Moving towards the rear of the property is the spacious kitchen/dining room (7.06m x 3.03m). This room has been designed to accommodate multiple occupants and is fitted with a range of wall and base units with work surfaces over, incorporating an electric oven and hob with extractor above, stainless steel sink with mixer tap and tiled splashbacks. There is space for several appliances including washing machine, tumble dryer, multiple fridges and freezers, while two windows to the side ensure the room feels bright and open. A rear lobby provides direct access out to the garden.The ground floor also benefits from a shower room, fitted with shower cubicle, wash basin and radiator, along with a separate WC providing additional convenience for occupants. Completing the ground floor accommodation is Bedroom One (4.04m x 3.30m), positioned to the rear of the property.

The staircase rises to the first floor landing, which provides access to three further bedrooms, an additional shower room and stairs leading to the second floor. Bedroom Two (4.82m x 3.08m) is a spacious double bedroom located to the rear and benefiting from fitted wardrobe storage. Bedroom Three (4.00m x 3.22m) is another good-sized double room overlooking the rear garden. Bedroom Four (3.69m x 3.22m) sits to the front aspect and offers another comfortable double bedroom. There is also a study (2.00m x 1.90m) which offers flexible use as an additional workspace or storage room. The first floor shower room is fitted with a shower cubicle, wash basin and WC with tiled splashbacks and radiator heating.

The staircase continues to the second floor landing, which leads to Bedroom Five (5.13m x 4.80m max). This spacious top-floor bedroom benefits from two Velux roof windows which flood the room with natural light, creating a bright and comfortable bedroom space.

To the front of the property there is a paved forecourt garden set behind a low-level wall. To the rear is an enclosed low-maintenance garden, providing a practical outdoor space for tenants.

Life on Richmond Road

Richmond Road is ideally located for access to the University of Lincoln, making it one of the most desirable areas for student accommodation. The nearby Brayford Waterfront offers a vibrant selection of restaurants, cafés and leisure facilities, while Lincoln’s historic Cathedral Quarter and Bailgate area provide a unique blend of boutique shops, cultural attractions and historic landmarks. Excellent transport links and close proximity to the city centre ensure continued strong demand from students and young professionals.

Material Information
(Provided by the Seller)
Part A – Key Facts
Tenure: Freehold
Property Type: Mid Terrace HMO
Bedrooms: Five
Bathrooms: Two Shower Rooms
Council Tax Band: C – Lincoln City Council
EPC Rating: C

Part B – Utilities & Services
Electricity: Mains
Water: Mains
Drainage: Mains
Heating: Gas Central Heating
Glazing: Double Glazed

Part C – Other Relevant Factors
Investment Status: Tenanted Until July 2027
Annual Income: Approx. £31,750 (including bills)
Estimated Gross Yield: 12%

Disclaimer
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed. They do not constitute part of any contract and prospective purchasers must rely upon their own inspection and enquiries. None of the appliances or services mentioned have been tested by the agent.
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: C
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
On street
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
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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Richmond Road, Lincoln

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About Kinetic Estate Agents Limited, Lincoln

35 Redwood Drive, Waddington, Lincoln, LN5 9BN

How Kinetic Become The Best in Lincoln

As the best agent in Lincoln, we’re redefining what estate agency should feel like. No corporate jargon, no cookie-cutter processes - just energy, honesty, and real results. Founded to break free from scripted service and micromanagement, we’ve built a team that genuinely cares.

From smart marketing to proper advice, everything we do is tailored and transparent. We’ve got more Facebook reviews than any other local Lincoln agent - and for good reason. Whether you're selling a home or launching a development, we focus on getting it done right, not just done.

Our Values

Our values aren’t corporate buzzwords - they guide how we work in Lincoln as the best estate agents every day. From honest conversations to smart decisions, these principles shape every interaction. Whether we’re helping a seller move on, supporting a local charity, or launching a new development, you’ll feel these values in action from the first call to completion.

Affordability

Monthly repayments£1,207
Property: £ 264,500
Deposit: £ 26,450
Interest rate: 4.5%
Term: 30 years
Powered bynationwideThe Nationwide Logo represents a symbol of financial strength and community, empowering members to achieve their goals
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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Disclaimer - Property reference KNT_KNT_LFSYCL_1043_1207499783. 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 Kinetic Estate Agents Limited, Lincoln. 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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