Richmond Road, Lincoln, Lincolnshire, LN1

Investment Opportunity - Six-Bed Student HMO with Potential for Seven Letting Rooms

Generating £33,000 gross annual income (including a £3000 bill allowance) and fully let for both the 2025/26 and 2026/27 academic years, this property presents a strong, income-producing investment from day one.

EPC - D

This well-maintained freehold mid-terrace six-bedroom student HMO is located on Richmond Road in Lincoln, a well-established and highly sought-after student area within close proximity to the University of Lincoln.

The property currently comprises six well-proportioned, fully furnished bedrooms, alongside practical communal living and kitchen spaces, creating a comfortable and sociable environment for tenants. In addition, the property benefits from a further spare room which is currently undersized for letting, however presents an opportunity for internal reconfiguration to create a compliant seventh lettable bedroom, subject to necessary permissions and layout adjustments.

The property is fully let at £33,000 per annum (including bills) for the 2025/26 academic year and has already been re-let for 2026/27 at the same level, offering immediate and secure income with no near-term void risk.

Having been consistently well maintained, the asset also offers scope for further value-add through cosmetic modernisation, with upgrades to kitchens and bathrooms likely to enhance tenant appeal and support future rental growth.

Positioned within Lincoln's thriving student market-home to two universities and a growing student population-the property benefits from strong and sustained demand for quality accommodation.

A turnkey investment opportunity combining secure income, strong yields, and clear potential to increase returns through reconfiguration and asset management.

For further information or to arrange a viewing, please contact YieldMe.

Money Laundering - To comply with The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 any successful purchaser/purchasers will be asked to provide proof of identity and we will therefore need to take copies of a passport/photo driving licence and a recent utility bill (not more than three months old). We will need this information before Solicitors are instructed.