St. Rumbolds Street, Lincoln, LN2

INVESTMENT OPPORTUNITY – 4-BED HMO WITH PRIVATE GARDEN, CITY CENTRE LOCATION

Situated on the ever-popular St Rumbold’s Street in Lincoln, this well-presented four-bedroom House in Multiple Occupation (HMO) offers an excellent opportunity for both seasoned investors and buyers seeking a flexible property with strong potential. Available with tenants in situ or with vacant possession, it provides the ideal setup for those looking to continue a proven rental model or repurpose the home for alternative use.

Arranged over two floors, the accommodation includes a double bedroom, a spacious living room, and a fitted kitchen on the ground floor. Upstairs, there are two further double bedrooms, a single bedroom, and a shared bathroom. Outside, the property benefits from a private rear garden, a secure gated alleyway for access, and permit parking.

The HMO is currently let to three tenants across the double bedrooms, generating an annual income of £13,800. The single bedroom is presently vacant. At full market value, the property has the potential to achieve a gross annual income of £19,500.

With its central location, strong rental demand, and scope for increased returns, this property represents an attractive investment in one of Lincoln’s key rental areas.

Living Room

3.57m x 3.94m

Situated centrally on the ground floor, the living room provides a comfortable communal space for tenants. Finished with neutral tones and carpeted flooring, it offers room for seating, a TV area, and dining if required. A window to the rear brings in natural light and overlooks the garden.

Kitchen

1.99m x 3.45m

Located at the rear of the ground floor, the kitchen is fitted with a range of base and wall units, work surfaces, and splashback tiling. Appliances include an oven, hob, and space for a washing machine and fridge-freezer. A rear door leads directly out to the private garden.

Bedroom 1

3.75m x 3.74m

A spacious double bedroom located at the front of the property, featuring a large window and the original front door, which is now disused. Neutrally decorated with carpeted flooring, this room offers ample space for a double bed, wardrobe, and desk, making it ideal for tenants.

Bedroom 2

2.55m x 3.7m

A bright and well-sized double bedroom positioned at the front of the first floor. It features carpeted flooring, a large window, and space for standard bedroom furniture. Ideal as a main or secondary tenant room.

Bedroom 3

2.04m x 4.58m

Another generous double room located to the front of the property. Quietly positioned, it features carpeted flooring and a rear-facing window overlooking the garden. A great space for students or professionals.

Bedroom 4

2.06m x 3.1m

A single bedroom located at the rear of the first floor. Compact but functional, this room suits use as a study or single occupancy bedroom. It includes a window to the rear and neutral décor.

Bathroom

1.44m x 3.15m

A simple, but effective bathroom situated in the corner of the property, allowing easy access to all persons.

Garden

A private and enclosed rear garden, offering a low-maintenance outdoor space ideal for tenant use. The area is mainly hardstanding and currently overgrown, providing scope for improvement or use as a practical courtyard-style garden.