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Vernon Street, Lincoln

PROPERTY TYPE

Terraced

BEDROOMS

4

BATHROOMS

1

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

Key features

  • Four Bedroom HMO Property
  • Currently Tenanted For 26/27
  • Annual Income Of Approx £17,595
  • Three Rooms At £115 Per Week For 51 Weeks
  • Annual Gross Yield Of 10.35%
  • Immaculate Condition Throughout
  • City Centre Location
  • Easy Access To University Of Lincoln

Description

Starkey&Brown are delighted to offer for sale with no onward chain this immaculate four-bedroom HMO property situated in a city centre location. The property is currently tenanted for the 2026/2027 educational year to three students, each renting a room at £115 per week over a 51-week contract. This generates a total annual rental income of £17,595, representing an annual gross yield of 10.35% based on the asking price. Maintained in immaculate condition throughout, the property sits in a highly desirable location close to everything Lincoln city centre has to offer. Most importantly for student lets, it sits within a short 10-minute walk to the University of Lincoln, making it a popular choice for tenants. For further details or to arrange a viewing request, please contact Starkey & Brown. Council tax band: A. Freehold.

Entrance Hall

The property is approached via a shared side passageway leading to a private front door entry on the side aspect. The welcoming entrance hall provides direct access into Bedroom One and continues through into the main communal living room.

Bedroom 1

12' 7'' x 11' 0'' (3.83m x 3.35m)

Located on the ground floor, this spacious double bedroom features a uPVC double-glazed window to the front aspect, a single radiator, and a coved ceiling.

Living Room

12' 1'' x 12' 0'' (3.68m x 3.65m)

A comfortable communal living space featuring a uPVC double-glazed window looking out to the rear aspect. The room includes a single radiator and a practical understairs storage cupboard, which houses the meters and the consumer unit. From here, an opening leads directly into the kitchen.

Kitchen

5' 10'' x 9' 3'' (1.78m x 2.82m)

The kitchen is fitted with a matching range of wall and base units overlaid with counter worktops. It includes a four-ring hob with an extractor hood over and an integrated oven below, alongside ample space and plumbing for white goods. The space is filled with natural light via a uPVC double-glazed window to the side aspect, while a uPVC double-glazed door leads out to the side, giving access to the rear garden.

Bathroom

8' 3'' x 6' 0'' (2.51m x 1.83m)

Accessed via the kitchen, this neatly presented bathroom features a three-piece suite comprising a panelled bath with a shower head attachment over, a low-level WC, and a vanity wash hand basin with integrated storage. The room is completed by a single radiator, a uPVC double-glazed window to the side aspect, and a built-in cupboard housing the gas central heating boiler.

First Floor Landing

Stairs rise from the ground floor to a first-floor landing, which provides independent access to the three remaining bedrooms.

Bedroom 2

13' 9'' min x 7' 9'' (4.19m x 2.36m)

A well-proportioned bedroom featuring a uPVC double-glazed window to the front aspect and a single radiator.

Bedroom 3

8' 11'' x 12' 2'' (2.72m x 3.71m)

Another spacious bedroom including a uPVC double-glazed window overlooking the rear aspect and a single radiator.

Bedroom 4

8' 1'' x 11' 11'' (2.46m x 3.63m)

The final bedroom is equipped with a uPVC double-glazed window to the front aspect and a single radiator.

Outside Rear

To the rear of the property is a fully enclosed, low-maintenance courtyard garden, which offers a private outdoor space and access to a secure, brick-built outbuilding ideal for storage.

Outside Front

The front of the property features a neat dwarf wall perimeter and offers access to the shared side passageway, which leads round to the main entrance door.

Brochures

Property BrochureFull Details
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: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Ask agent
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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Vernon Street, Lincoln

Approximate location

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__mins driving to your place

Affordability

Monthly repayments£827
Property: £ 170,000
Deposit: £ 17,000
Interest rate: 5.05%
Term: 30 years
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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.
Renovation potential
Recently sold & under offer
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About Starkey & Brown, Lincoln

34A Silver Street, Lincoln, LN2 1EH
Industry affiliations:

Starkey&Brown is your local dedicated estate agents, committed to helping you sell your home with ease.

With offices in Lincoln and Scunthorpe, our consultants really do know what it takes when it comes to selling or buying property, whatever the weather.

Since our official opening of the Lincoln office in January 2006 and the Scunthorpe office in January 2013 by David Starkey and Michael Brown, Starkey&Brown has become one of Lincolnshire's fastest growing estate agents, with an enthusiastic and passionate team on hand to help you move as swiftly and efficiently as possible.

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Disclaimer - Property reference 12890817. 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 Starkey & Brown, 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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