Richmond Road, Lincoln, Lincolnshire, LN1
- PROPERTY TYPE
Terraced
- BEDROOMS
6
- BATHROOMS
2
- SIZE
1,378 sq ft
128 sq m
- 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
- Six Bedroom Student HMO
- Fully Let for 2025/26 & 2026/27 Academic Years
- £33,000 Annual Rental Income (Including £3000 bill allowance)
- Strong Yields - Approx. 10.6% Gross
- Potential to Add Seventh Bedroom (STPP)
- Prime Student Location Close to University of Lincoln
Description
This well-maintained six-bedroom student HMO presents an excellent turnkey investment opportunity, generating £33,000 per annum and benefiting from strong, consistent demand within one of Lincoln's most established student locations.
Situated on Richmond Road, this freehold mid-terrace property is within easy walking distance of the University of Lincoln, local amenities and the city centre, making it a highly desirable location for student tenants and a proven investment for landlords.
Arranged across two floors, the property offers six generously sized, fully furnished bedrooms, a fitted kitchen and comfortable communal living accommodation, providing a practical layout that continues to perform well within the local student market. In addition, the property benefits from a further room which offers the potential to create a compliant seventh lettable bedroom, subject to the necessary permissions and any required alterations.
The property is fully let for the 2026/27 academic year, providing immediate rental income and offering an ideal acquisition for investors seeking a secure, income-producing asset from day one.
Future Rental Growth
The property offers excellent potential to increase rental income over time. As market rents continue to strengthen, there is scope for future rental growth, while the potential addition of a seventh lettable bedroom (subject to the necessary permissions) provides a clear opportunity to further enhance the property's income and overall investment performance.
Lincoln continues to benefit from a strong and resilient student rental market, supported by two universities, a growing student population and consistently high demand for quality HMO accommodation.
Combining immediate income, established tenant demand and clear opportunities for future rental growth, this represents an excellent investment opportunity for both experienced landlords and those looking to expand their student HMO portfolio.
EPC Rating: D
For further information or to arrange a viewing, please contact YieldMe.
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Brochures
Brochure 1- 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.
- Ground floor
Richmond Road, Lincoln, Lincolnshire, LN1
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