Monks Road, Lincoln, Lincolnshire

Investment Opportunity – Four-Bedroom Student HMO, Monks Road, Lincoln

This well-presented four-bedroom student HMO offers an attractive investment opportunity in an established Lincoln rental location, within walking distance of the University of Lincoln and close to the city centre.

Three of the four bedrooms are currently let at £445.25 per calendar month including bills, generating a current gross annual income of £16,029. The remaining bedroom is currently being marketed, providing an opportunity to increase the annual income to approximately £21,372.

Internally, the property comprises four spacious and fully furnished bedrooms, a comfortable communal living room, a well-equipped kitchen with fitted appliances and two bathrooms, including a recently installed ground-floor bathroom.

The property also has a private garden and outdoor space, providing comfortable and practical accommodation for its tenants.

Positioned on Monks Road, the property is approximately a 15-minute walk from the University of Lincoln and within easy reach of the city centre, Lincoln County Hospital and a wide range of shops, cafés and local amenities.

With an established rental history, three tenants already secured and further scope to increase the income through full occupancy, the property represents a flexible opportunity for both new and experienced student HMO investors.

The property currently has an EPC rating of E, offering further potential for the incoming purchaser to make energy-efficiency improvements and enhance its longer-term performance.

A buyer’s fee of 2% plus VAT of the agreed purchase price is payable by the successful purchaser. This fee is payable upon exchange of contracts and is in addition to the agreed purchase price.

In accordance with the Money Laundering Regulations, all prospective purchasers will be required to provide proof of identity, proof of address and evidence of the source of funds before an offer can be formally accepted.